How do I balance risk and reward when changing careers?

How do I balance risk and reward when changing careers?

Balancing risk and reward in a career change involves assessing your current situation, potential opportunities, and personal goals. What specific risks are you concerned about?

I'm worried about financial stability and job security.

That's a valid concern. Consider creating a financial plan that includes savings and a budget for the transition period. Have you thought about how long you can sustain yourself without a steady income?

I can manage for about six months, but I want to make sure I find a good opportunity.

Great! Use that time to network, upskill, and explore industries that interest you. What skills do you have that could be transferable to a new career?

I have strong communication and project management skills.

Those are valuable skills! Many industries value communication and project management. Have you considered which fields you might want to explore?