Where Is The Shortage
So you know you want to change career and you are willing to do something about it. You know what you want to achieve from your new career, you basically know why you are changing career.
You may be able to picture yourself in your new career, or maybe you can picture the outcomes of what a new career will bring you.
But take a reality check. Is there an opening in this industry? Is there a need for you? Is there an opportunity for you to make money and achieve your goals?
Why would you enter an industry that was flooded with people? An industry where supply was greater than demand. Or even an industry that has a skills shortage today, but that is likely to be filled in 5 to 10 years.
Going into that kind of industry would not make sense. If you are looking for a long term career or to build your own business you would not enter a very competitive market.
It makes sense to go where there is a shortage, a long term shortage. So you can build a good career or a successful business that will last and grow. Giving you job security and an above average wage. This is another important point to consider when you are weighing up your options.
Summary: Don’t choose an industry that is already flooded with workers. Don’t choose an industry that has a short term labour shortage. Don’t choose an industry that has no long term potential for growth.
Now read the next section – Funding Your Change
Previously a mechanical engineer, Mick is now running his own plumbing business.
At 40 Mark decided to get out of the gardening business and retrain as a plumber.
