how to handle a career transition

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From time to time, you are going to find yourself between jobs, and when that happens, you need to be able to ensure that you are going to manage the situation as best as you can. Usually it should not be too much of a problem, but it is also true that you will find it necessary to be careful with your money during this time and ensure that you are actually looking after it well enough, if you fail to do that, it could mean that you land yourself in financial trouble before you manage to land the next job, and that is certainly not a situation that any of us need to be in. in this article, we will look at just a few of the things you can do to manage your money more effectively when you are between jobs.

Hire An Advisor

One of the best things that anyone can benefit from with regards to their finances isto hire an advisor, even if it is only for a short while. At first you might feel that you don’t’ want to make such an expense during your time between jobs, but actually it is perfectly possible to find a financial advisor who is affordable and – what’s more – who could help you out during this difficult time in your life. Start looking into how to find a financial advisor and you will soon discover that you can easily get hold of one – so that is it that they can actually do for you? For one, they can help you to budget yourself more effectively so that you don’t become bankrupt during the time between jobs. They might even be able to offer some solutions for how to make ends meet in the meantime. It’s definitely worth mating with one

Earn Additional Income

There are many ways to earn a little extra money on the side, and as long as you are aware of that, surviving the time between jobs should seem considerably easier and less anxious. The truth is that the internet has opened up a whole wellspring of possibilities when it comes to earning money on the side, so it’s something that you should think about if it gets to the point where you want to secure yourself as much as possible. By doing this, you widen the chance of being able to survive in between jobs, and you make it easier to remain comfortable during that time as well. You will find this makes an enormous difference to how you are feeling about the whole situation as well.

Claiming Benefits

If you are out of work and looking for work, you can claim benefits, and it is definitely worth doing so if you want to be able to manage your money more effectively. There is no reason not to claim everything you might be entitled to – and if you are not sure whether you are entitled to it or not, there is only one way to find out. Go and seek it, and see what happens. It just might make things a lot easier in the meantime.

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When you reach the stage of finally being able to say that you’re a lawyer, called to the bar and able to practice, then it can feel like the end of a long road. This is the result of years of work, effort, and sacrifice– and your legal career can now begin in earnest.

You will quickly discover that your years as an early associate will make your student experience seem like halcyon days. New lawyers work hard; law firms in all areas of law push and test new employees to see if they’re made of the “right stuff”.

Or at least, that’s how it used to be.

Outside of the occasional midlife career changer, the majority of new lawyers are millennials– a generation that values a good work/life balance. While it may once have been standard to work yourself into the ground in the early years of your career, that might not feel acceptable to you personally– and you’re not alone. Millennials are a generation of entrepreneurs, with a “why not try it?” attitude; for new lawyers, now more than ever, that means they may be tempted to run their own firm as a sole practitioner.

This might be an idea you have considered, too. After all, why should you dedicate your life to making money for other people? You’re not afraid of hard work, but you want to be able to enjoy the rewards of that hard work… so do new lawyers really need to join a firm at all?

YES: New lawyers are inexperienced; you need the guiding hand of a reputable firm. You’re still learning the law, never mind learning how to run a profitable small business as well.

NO: There’s no more guarantee of success working for a firm compared to starting your own. You’ve qualified, so you’re clearly capable, and any advice you need can be obtained from the legal community, friends, and even mentors.

YES: You may be a qualified lawyer, but that doesn’t mean you know what goes into running a law firm. Do you know how to find clients? How to choose between cloud computing solutions for businesses of your size? How will you obtain offices? How will you fund your startup? Knowing how to practice the law is one thing; running a business is something entirely different.

NO: Everyone has to learn sometime. If you’re business minded, then why not jump right in and do it for yourself? There’s plenty of advice available for new businesses, and there’s almost certainly a venture capitalist out there who will see the potential of a young lawyer trying to make a mark on the world.

YES: New lawyers have always joined established firms. They may want to branch off into their own practice in the future, but that’s just not the way things are done.

NO: Why not break the mold and branch out from day one?

Ultimately, the choice is all yours. However, it’s important to remember that you do have a choice, and you don’t have to just do what everyone has always done. The way we work is changing, and while the idea of going it alone might seem outlandish now, it might be the new-normal in the future. Why not be at the head of the curve?