Developing a career exit strategy should be part of your career development plan.
You may be wondering exactly what I mean by career exit strategy - I've just taken the principle that most business owners develop (when they create a business) and applied this strategy to career development.
Basically, business owners develop an exit strategy when they create their businesses in order to protect their assets when it comes time to sell or close the business.
In your career, YOU are your most important asset. Taking measures to nurture and protect yourself will put you in control of your own destiny.
“The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those which fail.” - Napoleon Hill
Common sense tells us that being prepared is the best form of crisis prevention. For example, you probably have smoke detectors and fire extinguishers in your home, right? Not because you think there’s going to be a fire, but because you want to be prepared, JUST IN CASE.
Your career exit strategy works the same way. You should have a plan in place, just in case something happens. Unfortunately, we’ve seen far too many companies downsize or completely go under in recent years (remember Enron, and WorldCom?). You certainly don’t want to be at the mercy of the company you work for.
Okay, you get the picture. So what can you do?
Here’s a simple plan to follow to put your exit strategy in place. Putting this into action won’t be done overnight, so it might be easier to break up into smaller chunks:
For more detailed guidelines on creating your career exit strategy, click here to receive the complete e-course (free!) "How to Get the Most Out of Your Current Job".