Making a major career change, such as becoming your own boss or switching to a new industry, can be very rewarding. But, it also requires a lot of preparation, as it can be stressful and even risky sometimes.

So, how do you know if you are actually ready for a career change? After all, the last thing you want to do is to leave your current job, only to have major doubts about your decision a month later.

Doing these three things will help you understand if you are really ready to make that career change you’ve been imagining.

1. Shadow someone who has your ideal job

It’s easy to assume that you’ll like a job when you see someone else doing it. But, that doesn’t mean you’ll end up enjoying it once you give it a try.

To prevent feeling regret after you leave your current job, try shadowing someone who has the same job that you are considering. Doing this will give you a better idea of everything you’ll be doing in that position. This will make it much easier to decide if it’s really something you want to do day in and day out.

2. Realize the sacrifices of leaving

Before you decide to jump ship at your current job, you’ll first want to consider the things you’ll have to give up if you do take the plunge.

Things like your employer’s 401k match program, yearly bonuses or insurance benefits are the types of benefits you’ll have to sacrifice if you change careers. And if you rely on these benefits, it will certainly require a lifestyle change on your part. But, if losing these benefits isn’t a deal breaker for you, then changing careers won’t even be a problem.

Also keep in mind that if you do decide to switch careers, you’ll most likely make a much smaller salary than what you are used to making. And if you decide to take the entrepreneurship route, you won’t be making a lot of income either since you’ll be starting out fresh.

3. Determine if your talents could be used somewhere else

If you find yourself feeling bored or no longer fulfilled in your current job, then it can be hard to want to go to work every day. Perhaps you’ve thought at one time or another that you are made for better things than what you are currently doing. If you do find yourself feeling this way, then this is a sure sign that you need to make a change. Let your skills and talents guide you in finding the right path for you to take.

Whichever route you decide to take, whether a different career or entrepreneurship, make sure you are informed of the benefits and sacrifices that will come along with your decision. Register for a Daymond John’s Success Formula event to find out how we can help you make the decision easier!

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