4 Career Risks Worth Trying

By Denene Brox, for Yahoo! HotJobs 

Taking calculated risks in your career can help you reach your goals. Below are some of the common career risks that you may grapple with, and how to weigh your options.

RISK: Going Back to School

Factoring into the equation family responsibilities or not being able to quit your job to focus on school can make furthering your education feel like a heavier burden.

Weighing your options: Have a goal and know what you are trying to achieve, (i.e., a raise or change in career). Next, determine if going back to school helps you achieve this goal. Advanced degrees don’t matter in all fields.

 RISK: Changing Careers

There are a number of reasons why people are unhappy on the job, including being in a profession that does not utilize their passions and interests.

Weighing your options: No one is immune to losing a job. Finding work that you love should be a priority in your career. Mitigate the risk of career change by researching your new career in terms of salary ranges and job responsibilities and demands.

RISK: Saying 'No' to Added Responsibility

Not all promotions are created equal, and you can quickly become the office doormat if you constantly take on projects that may not have high visibility to move your career forward.

Weighing your options: Saying “no” to more money or recognition is often hard to justify. Follow your gut instincts. Will this project or promotion will really move your forward?

RISK: Starting a Business

Many dream of being their own boss but find that giving up a regular paycheck, health insurance and retirement accounts too high of a risk.

Weighing your options: Do your research (including health care options), save money and build contacts in your industry while you're still working in your current job. Work part-time in a small business to better understand the day-to-day operations.