For a job search, your time budget may cover research, networking, job interviews, mailings and follow-up. Your money budget may cover stationery, postage, interview wear, trade dues, and coaching. Your energy budget should plot out when you are at your peak (so you can do your meetings and calls then) and when you are not (so you can use this time for mailings or less demanding tasks). A journal or Excel spreadsheet can track your daily activities, sources of job leads and subsequent results. Be honest about how much targeted networking you are doing versus responding to blind ads. Maybe one feels safer than the other, but it may not be yielding the leads you need. Or, maybe your tracking will prove that you are doing just fine and affirm that you need to stick to it.
For a career change, your time budget needs to account for time spent on your current career (if you're keeping it), as well as the specific activities for your transition (e.g., coaching, informational interviews). It is easy to get overwhelmed by the day-to-day and push off the transition work for a "less busy" time. Your money budget may be the cost of new training or it may be a savings target you set to buy yourself some time off. Remember to budget your energy. If you are serious about switching careers, don?t use up all of your energy at your current job. Save energy for activities related to your new career. Finally, track every idea, suggestion, activity and result. Big changes take time. Without a system to track progress, you may think you are standing still when actually things are happening. On the flip side, without tracking you may find it's year-end and you are nowhere closer to making a move than when you started.
--Posted by Caroline Ceniza-Levine, co-founder of SixFigureStart
Want to be found by top employers? Upload Your Resume
Join Gold to Unlock Company Reviews