Editor’s note: Our “Jobs Report” which is regularly published on Tuesdays, is being remodeled and will return soon. In its place today is a blog about how to change careers.

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Changing careers can be daunting, but it can also be a rewarding and fulfilling experience when you do it right. It can fix problems with your work/life balance and help you make considerably more money.

Whether stuck in your current profession or seeking new challenges and opportunities, a career makeover requires careful planning and consideration.

Not sure whether a career switch is right for you? I like to use the Earn, Learn, or Burn strategy. If you’re not earning enough money or learning valuable money-making skills, it’s probably time to consider a switch.

To help you navigate this transition successfully, here are five dos and don’ts for your career makeover.

Dos and Don’ts for Your Career Makeover

Do Assess Your Interests and Skills

Before launching into a career change, take the time to assess your interests, passions, and skills. After all, the last thing we want to do is go through the effort of changing careers only to find that our new career isn’t much better.

Consider what brings you joy, what you excel at, and what you value in a job. Note that this requires a deep understanding of what you don’t like about your existing career. Be as detailed and specific as possible to help avoid choosing a career with the same pitfalls.

Reflecting on these aspects will help you identify potential career paths that align with your strengths and aspirations.

Do Research The Industry and Job Market

Thoroughly research the industry or field you’re considering entering.

Look into the current trends, growth projections, and potential job opportunities. Understanding the demand for specific skills and knowledge will give you valuable insights into the viability of your desired career path.

For instance, a difficult decision must be made if your targeted new career only pays 75% of your current salary. Is it still worth switching?

Do Network and Seek Guidance

Networking is crucial when changing careers.

Connect with professionals in your target industry through online platforms, attend industry events, and join relevant associations. Seek guidance from mentors and individuals who have successfully made similar transitions. This is also a good opportunity to have lunch or coffee with your professional network to see what opportunities are available.

Also, consider hiring a career coach to help you in this process. Their experiences and advice can provide valuable insights and open doors to new opportunities.

Do Gain Relevant Experience and Skills

To increase your chances of success in a new career, pursue opportunities to gain relevant experience and acquire the necessary skills.

Consider volunteering, freelancing, or taking courses to develop expertise in your desired field. It may also require returning to school; many employers will help with tuition costs.

This enhances your resume and demonstrates your commitment and dedication to the industry.

Do Create a Strategic Plan

Changing careers requires careful planning and a clear strategy. Need help? Here’s how to develop a 6-point action plan to make your career switch successful.

Set specific goals and create a timeline for achieving them. Break down your larger career change goal into smaller, manageable steps. Identify milestones along the way and monitor your progress.

Having a well-defined plan will keep you focused and motivated throughout the transition.

Now, let’s discuss the 5 don’ts.

Don’t Rush The Process

Changing careers is a significant decision that shouldn’t be rushed.

Take the time to evaluate your options and make informed choices thoroughly. Avoid making impulsive decisions based on short-term motivations.

Patience and careful consideration will increase your chances of a successful career change.

Don’t Neglect Financial Planning

A career change often comes with financial implications.

Assess your current financial situation and determine how your transition may impact your income and expenses. Create a budget to ensure you have enough savings to sustain yourself during the transition period.

Consider the potential need for additional education or training and plan accordingly.

Don’t Burn Bridges

While you may be eager to leave your current job, it’s essential to maintain professional relationships and not burn bridges.

Give proper notice and fulfill your responsibilities to the best of your ability. Your former colleagues and supervisors can serve as references or connections in the future.

Leaving on good terms reflects positively on your professionalism and integrity.

Don’t Fear Starting at The Bottom

When changing careers, you may need to start at an entry-level position or accept a lower salary initially.

It’s important to be realistic and open-minded about this possibility. It is an opportunity to gain experience and prove yourself in a new field.

Your previous skills and knowledge can still be valuable and may help you progress quickly.

Don’t Forget Self-Care

Career transitions can be stressful and emotionally challenging.

Take care of your well-being throughout the process. Prioritize self-care activities, such as exercise, mindfulness, and maintaining a healthy work-life balance.

Seek support from friends, family, or a career counselor to help manage changing careers’ inevitable ups and downs.

In conclusion, changing careers can be a transformative experience that opens doors to new possibilities and personal growth.

By following these dos and don’ts, you can navigate the transition successfully and increase your chances of finding fulfillment and success in your new chosen path. Remember, careful planning, self-reflection, and perseverance are key ingredients in making a successful career change.

Note: This column was syndicated by Wealth of Geeks.