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Career-Planning Tips from David Koch

Other than a privileged few who are born with a proverbial silver spoon, most individuals need to either get a job or become an entrepreneur to be able to make enough money to sustain life for self and family. As time passes, you want to do better in life and move ahead. To be able to achieve a promising future, it takes time, effort and a practical approach to get the best out of your career choices and increase your earning potential. You can take inspiration from David James Koch, who has been through the different phases of life and worked hard to get to the position where he has immense earning power. He has some tips for everyone who wants to have a fruitful career.

Never Miss an Opportunity

“Always have enough confidence in yourself to give anything a go. But, also have enough confidence, if it doesn’t work out, to go and do something else”, says Kochie. He also mentions that it was the single best bit of advice he ever received. He also says that he tried to follow it to the letter. That came from his father, and he’s trying to pass it down to his children. In essence, it means never be scared of an opportunity. Grab it, give it your best shot, and if it doesn’t work out, then move on to something else. But never be left wondering ‘what if?’

When Koch was working at Sunrise Network as a finance editor, he came across an opportunity to become a host. He was happy for that. It seems that he keeps asking himself: “How on earth did a finance journalist end up hosting Sunrise?”  And he answers that he has always been an opportunist and whatever he is today is all because of the dedication and commitment that he had put in.

Apply Your Past Knowledge Uniquely Into Your Future

When says that when he was a young, ambitious 25-year-old journalist, he looked around at all the finance media icons to see what he could learn and how he could be as good. He also mentions that they were all highly skilled with great contacts and much older than he was.

Then says, “So I looked for what could be the next big thing in finance journalism, something so new and different than the usual rules wouldn’t apply and age wouldn’t matter. I’d seen the boom in personal finance media in the US while visiting my parents, who were living in San Francisco at the time. So I decided to do the same thing in Australia. I think the key in any career is to look around and find an in-demand specialty where you can develop a unique set of skills that can set you apart from the rest.”

Evaluate Your Field of Work for Better Opportunities

The economy and technology have dramatically changed the working landscape. Tens of thousands of positions have been made redundant and some jobs have disappeared altogether — including many jobs in print media, where I started out.

If you’re in a large company, the first step is to look for the right department and job. Ignore the gossip and check with the personnel department to see which divisions are hiring. Internal transfers usually receive preference. Ask department heads about their long-range plans, and scan trade magazines or websites to learn which parts of your industry are expanding.

Make Short-Term Plans to Achieve Long-Term Goals

Every New Year I ask Libby and the kids what goals they’ve set for themselves for the next 12 months. For years they’d laugh at me. As they got older, there were fewer laughs and even a couple of answers.

Life’s so busy these days that we don’t seem to take a deep breath, stop and think about what we want to do as individuals. But if you don’t have some sort of map, how do you know where you want to get to?

Have a Backup Source of Income

I’ve always vowed I’d never depend on radio or television for a living. While they’re great jobs, in some ways they’re horrible industries to be in because they’re so cutthroat and volatile. When you have a single income, a couple of kids and a mortgage, that volatility is unacceptable. So I’ve always worked other jobs on the side because I don’t want to put the family at risk.

That little stash of cash from a second job gives you a fallback position for when things go wrong and flexibility.

Something Is Better than Nothing

There’s no doubt money is important. Being paid what your worth is important. But it isn’t the be all and end all.

My top priority has always been to be in a job I love and then be paid appropriately for doing it. I’ve always thought it’s better to be happy to be paid a little below what your worth and keep your job than push for every last dollar and run the risk of being let go at the next downturn.

Market Yourself Through Positive Endeavours

Branding is important for every organization. The same is applicable for your career as well. Do what best you can at work and build up your reputation at workplace. Take up responsibilities in your company even if it is not a part of your daily work. For instance, it could be anything from helping a committee to being a first-aid representative. This can help you develop your personal brand.

Find the Right Person to Guide You

If you are able to find a good mentor, it can be a great value addition to your life. As youngsters, you would definitely need someone who can guide you through the right path after graduation. A well-experienced mentor, who is successful in life, would be able to do that.

David’s skill as an operator and a company director and also as a business owner has led him to become a presenter. He is not just a presenter, but a co-anchor on high demand. He is frequently hired to talk to audiences at business groups and corporate events. His specialty is delivering finance tips and real-world business advice. He is also well-known for presenting keynote speeches on up-to-date statistics on investment issues and the method to succeed in business.

You, as an individual, are capable of much more than what you are getting from your career at the moment. This set of valuable advice can help you achieve the same. Your future can be in your control and you can take it wherever you want it to go; it does not depend on others if you don’t.

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