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Starting a new career later in life can be exhilarating, there are so many benefits to making what may seem like a scary change! It’s never too late to change your career and get started pursuing something you’re excited about.

Whether you just want to change your career path, or quit working your 9-5, and start your own business, you’ll need to do the hardest thing – the first step. However, it doesn’t matter how determined you are and how bright your ideas are, you won’t be able to turn your hobbies into profit without sufficient financial resources. If you have trouble covering all related costs, don’t rush to give up on your dreams, or delay their realization. Consider borrowing from someone close to you or applying for a loan. Always dream big and take risks, otherwise, you won’t be able to succeed.

So, to anyone who has ever thought about jumping back in the game, but isn’t sure where to start, here are some basic—but important—things to remember.

Why a Change is Needed?

While it may seem like everyone else is happily settled in their career, some may be surprised to find that they are not alone in wanting to change careers. One of the major reasons people change careers is that they are tired of working in a stressful environment.

Change Your Career to Avoid Stress

Even if a career has a number of benefits which include paid time off, medical care and high salary, there comes a point when the amount of stress they endure does not outweigh the benefits of that job. Many men and women have stepped down from lucrative positions to accept work with lower pay simply to reduce the amount of stress in their lives.

Your Skills Are Still Valuable

It makes sense to evaluate the skills you currently have before venturing forth into the land of academia again. You would be surprised after you sit down and create a cohesive list of how much you already know!

Don’t Wait for Too Long

This is the perfect time to start reviewing the current job market and the things you can bring to it. Try looking at your previous qualifications, aspects of work or hobbies you’ve enjoyed in the past and see where that leads.

Explore Social Media

Social media is also the key to success; join networking sites like LinkedIn to help you to make the most of the connections you’ve built up over your working life. These contacts will often be able to alert you to open or upcoming positions that might not be advertised externally or explore new career options.

Consider the Challenges

A career change later in life can often mean revisiting the lower ranks of the ladder. While that may be easier for someone in their 30’s, it can be challenging when you’re older. It’s important to evaluate how comfortable you’ll be with what seems like a step or two back.

Build on a New Career With Your Past Career

This is why it pays to find a new industry whose core skills overlap somewhat with your former line of work. For example, if you’re an accountant looking to do something more creative you might pursue a field or position where being detail-oriented is critical. Your past career can easily build a path to your new career!

Seek Out Your Passion

Before you launch into a new career, be sure it’s something you’re going to love to do day in and day out… follow your passion! You don’t want to switch careers only to be unhappy and in the same kind of unfulfilling kind of job that you have now.

Listen to Your Inner Voice

Spend time learning about yourself and evaluating what you really want, what tasks you find deeply satisfying and fun, and what you’re naturally wired to enjoy. Before you even think about the financial potential and/or undertaking of a career change, think about what it might take to get a job in a particular field… and follow your heart about what pursuing a career that you love!

Pursue Your Passion

It’s never too late to pursue your passion and start again, it can be surprisingly invigorating! You are in a unique position as an older person in the workforce looking to change careers, you have plenty of experience behind you, but are still in a position to obtain the knowledge to start something new.

With the average age of retirement rising, many people over 40, may have many good years of working life left in them, and some choose to spend the remainder of their working years in a fulfilling new career.

There is no need to stick it out in a career that you are miserable in, you’re never too old to start again!