How will your work life pan out? You are likely to live longer than past generations and life expectancy is heading into the Octogenarian age group and beyond.
Housing is no longer affordable in city areas, a job is not for life and has an average 2 to 3 year expectancy. This is not always due to redundancy. Job skills are more defined and more diverse and specialised. KPIs rule and performance is more prominent.
How will you move forward and what paths can you follow over a working life span of 50 to 60 years. If you take an average of 3 years this is 20 jobs. But what will those jobs be in 20 years or even ten years. Technologies demand and precipitate change and they effect job attrition and specialty.
Meanwhile your life grows and so do your relationships and you might create a family and other commitments. The associated costs don’t reduce with time whilst the variability of income remains reliant on the employment realm.
Whether you like it or not, there will be times when you are out of work and stressed and wondering how to enter the workforce again. Go easy on yourself because guess what? It is hard to be successful for every day of your long life.
What will you do about these interludes?
My answer is to learn to be an entrepreneur and build these skills from an early age. This does not mean you have to take on huge debt or invest huge amounts of capital. It simply means that you seek to sell an offering into the market place.
Doing this will often lead to what you think is failure, but if you look carefully, with time you will see these act as ‘tests’. Tests give feedback and from that you grow forward step by step as an entrepreneur.
You build a unique knowledge set that resembles hunting skills and will stay with you for life.
As time goes by this entrepreneurial profile grows and complements your employment profile. You feel empowered and not trapped by bad employment situations. You can switch from one to the other or they can be parrallel. In effect you become agile.
One of the greatest learning grounds for entrepreneurship is Property and then as you grow skills- Property Development. Since it is an asset anchored by land value it has endurance and has its own stability compared to other assets such as shares, derivatives, bonds and cash.
IF you want to learn about these skills I am running an introductory Master Class on ‘An Agile Life Path: Becoming an Entrepreneur & Property Developer: How will your life pan out – as an employee or an entrepreneur or both?
I take you through this ‘path less followed’ and give you the skills and confidence to move forward as an entrepreneur. I hope to see you at one of our classes.
Dr Jonathan Drane