5 Ways to Develop Career Capital

June 29, 2018
Develop Career Capital

When people hear the word capital, they usually think about money, but did you know that you can develop career capital? Career capital are the rare and valuable skills that you have that can be used as leverage in defining your career. To get that amazing career that you’ve been dreaming of, you must have something amazing to offer the employers.  

That is where your career capital will help you to shine and this article is where you will learn 5 ways to develop it.

Be Flexible

It’s important to develop career capital that is flexible; that is to say capital that is relevant and transferable to many different jobs in the future. The job market is changing, you are changing, every aspect of the world is constantly changing, and your career capital must allow you to transition into new areas in the future where you can have a greater impact.

Don’t Focus on Passion

This one may seem a little controversial; we aren’t telling you to complete ignore the concept of “doing what you love”, we are merely saying that there are other things you should focus on, like the value that you can bring to a job. If you are focusing on what you can offer the world, you are able to better determine what skills you have that can be continuously developed.

Find Out What Skills are Valuable in Your Field

You know the skills that you possess, but you may not know which ones you should develop to help you move along your career path. To pinpoint these skills, look at the people around you and the paths they have chosen. Now, which one do you want follow? There’s your answer.

Seek Feedback

Receiving honest feedback is a great way to retrain your focus so that you can continue to make progress. This is where having a mentor really comes in handy. Having feedback from someone who has been there before, allows you to know if what you are doing will lead you to where you want to go.

Work Towards Your Goals

There are two things that you need to remember about goals:

  1. You should never work without a goal
  2. Make sure that your goal is realistic and appropriate

Goals give you something to work towards, but if you are working towards goals that won’t help you really achieve your desired career, then you are wasting time. A great way to use goals to develop your career capital is by thinking of them as “little bets”. This idea, coined in a book by venture capitalist Peter Sims, states that you should work towards goals that are small enough to be completed in less than a month and that force you to develop something new. For example, acquiring a new skill that will help you further your career. Not sure what career goals to set? This is another when being in a mentoring relationship is very helpful.

When you develop career capital, you are able to obtain autonomy in your career. Develop your career capital and use it to shape you career and your entire life.

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