Bankruptcy, illness and injury, lawsuits and compensation – there’s a lot that can threaten your business and your career. Even if you do everything by the book and you’re sure you’re prepared for the worst, accidents can occur, and you never know when an emergency is going to crop up!
That’s why you need to put proper time and stock into protecting your career against the things that might impact it in the future. From the financial factors to the personal side of your life, don’t let a problem become something that spirals into a disaster.
Adapt with the Times
The more you look to the future, the more you’ll see it come. That means being as adaptable as possible in the workplace. Whatever career field you’re stuck into right now, think about what it might look like in two or five years and how you can keep up with the way it’s changing.
That’s right – you may have to do some skill investment right now! This is the best way to protect your career, as you train yourself in high demand skills that the business owners of tomorrow are looking to hire. Both freelancers and sole proprietors alike should look into this; you don’t need to be a jack of all trades, but it’s best to be a jack of your trade!
Lock Down a Proper Insurance Policy
When you’ve got health insurance, it’s OK if you have to go through periods of low to no work, slow seasons, and if clients drop out on you left right and center. After all, if anything happens to you, you’re covered! You can keep on working with your health insurance underlining everything you do, even if you’re expected to be ill or injured for a long time to come.
Of course, you’ll have to take a good look through the available insurance policies to make sure you get the right one for you. Say you’re on the road a lot or have a job tied to transportation and logistics, it’s best to apply for health insurance for truckers above any other kind. When the health insurance fits you, and it’s made to include terms that are specific to the work you have to do, you can rely on it to see you through.
Get an Emergency Fund Going
Financial concerns can ruin a career, even if you’re highly skilled, in the know, and have connections in high places. When there’s no revenue behind you, you’re going to find it ten times harder to bounce back after a challenge!
That’s why an emergency fund is so crucial. Get one going as soon as you’re able to, and try to save at least three months’ worth of your current career income within it. This will cover you if your overheads increase while your profit decreases, and give you time to make things right again.
When you’re protected in your career, your job security is going to be off the charts!
