📺 Stream EntrepreneurTV for Free 📺

Embrace Change: The 4 Skills Needed to Reinvent Yourself These days, we're more likely to receive our incomes in different ways during our careers. Prepare yourself for opportunity with these tips.

By Stephen Key Edited by Dan Bova

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

We no longer work for the same company for 40 years. If you are entrepreneurially-minded, this reality shouldn't scare you. For better or worse, we have more opportunities than ever to earn an income in different ways.

Have faith in yourself -- whether you're forced to or choose to, reinventing yourself isn't as hard as you may think.

Related: Richard Branson on Learning by Doing

In college, I started out studying economics. I found it incredibly boring and quickly discovered that I hated it. On a whim, I took an art class and loved it. I reinvented myself as an artist. As many of us discover, we actually have to make a living after college! So I combined my artistic goals with economic ones. In my fifties, the money I was making from ideas I had licensed started drying up, so I remade myself as a small-business entrepreneur in the music accessories industry. At the same time, I decided to become a mentor and created an educational program about licensing.

I was nervous, of course, but I never let that stop me. That may be because I watched my father do the same thing. After working for the same corporation for 25 years, he became a real estate agent. It wasn't difficult for him. I think the reason why is because he never defined himself by his job. He enjoyed his work and it interested him, but he kept himself apart from it in an important way. He didn't take being let go personally, which made it easier for him to move on.

In hindsight, his willingness to reinvent himself deeply impacted me. If he could do it, so could I.

We have so many people telling us to be scared of losing our jobs or trying something new. It doesn't have to be that way. When it's time for a change, rely on these strategies to help you:

1. Check your ego. No job is too small or unimportant. Every job can be a learning experience. It's more important to ask, "What can I get out of this?"

Related: How to Thrive During Tough Times

2. Focus on building your toolbox. There are basic skills that are beneficial to many jobs (as well as your personal life) that can be easily obtained. Here are three:

  • Sales: I have always encouraged my three children to take sales jobs. I don't care if it's the worst sales job -- you will learn a lot, even if it's cold-calling or going door to door. We're always selling, including ourselves, from a first date to asking a bank for a loan.
  • Management: You can never go wrong with getting some management experience. Every employer wants to hire someone who knows how to build up the people around them. You could take a job at a fast food restaurant or coffee shop and work your way up to shift lead.
  • Financial: if you develop financial skills, they will never do you wrong. Surprisingly, many people are clueless when it comes to their finances. These are all skills you will use starting your own company, as well.

3. Broadly assess your own skills. What skills do you have? Think deep, and not only in your professional life. Employers are looking for people they can count on. What makes you dependable? Are you always on time? Look for skills that you practice in your daily life that make you an accountable, stand-up person. Make a massive list. Ask your friends and family for help. Their insight may reveal new qualities. This way, you can match your skills to every job you apply for. Make sure you intimately understand each employer's culture and attitude.

4. Don't rule out creating your own job. This is the approach I took after college. I didn't see any jobs out there that fit the skills I had, so I decided to break out on my own. I sold my crafts at fairs, which was a pretty bold move in hindsight. Later in my twenties, I was hired by a startup company to do exactly the same thing. Life is weird. I knew working at a startup would teach me wildly different skills I didn't have -- skills I knew I would need later in life.

Opportunity is all around us. We just have to seize it.

Related: 5 Life Lessons That Will Help You Make Fewer Mistakes

Stephen Key

Co-Founder of inventRight; Author of One Simple Idea Series

Stephen Key is an inventor, IP strategist, author, speaker and co-founder of inventRight, LLC, a Glenbrook, Nevada-based company that helps inventors design, patent and license their ideas for new products.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

This Couple Turned Their Startup Into a $150 Million Food Delivery Company. Here's What They Did Early On to Make It Happen.

Selling only online to your customers has many perks. But the founders of Little Spoon want you to know four things if you want to see accelerated growth.