When Not to Give Up

Most of us have been brought up with the mantra ‘Never Give Up‘ engraved in our genes. We are taught from early age that persistence and perseverance will help us achieve our goals. At the same time, quitting is seen as a sign of weakness – even for minor activities.

A friend told me that the words of her father  about never giving up echoed in her head, every time she was reading a novel that she didn’t like. As for myself, I was always surprised by those who left the cinema as soon as they realized that the film was not up to their expectations.

The dilemma when to give up or not becomes prominent when you face important Career Advice: When Not to Give Updecisions about career progression. For example: do you push for your next promotion or do you change companies? Do you continue working in a sector you are not passionate about or do you make a career change?

These are difficult decisions to make.  Here are three key questions you need to ask yourself that can help you decide what course you take.

  • Do you have realistic expectations? It doesn’t mean that you should not aim high. If you do, you just need to accept the fact that your goal may be hard to reach.  Make sure you understand what skills and experiences are required to move to the next stage of your career and find ways to acquire them (e.g. cross-functional projects, short courses, etc). Don’t expect results fast – it may take some time to achieve what you want.
  • Does the specific initiative you channel your energy helps you achieve your long-term objective? If you are clear where you want to be in 5 or 10 years, it will be easier for you to understand whether your short-term goal is worth the effort. For example: Does the promotion you have your eye on will help you to achieve your long-term objective or  are you simply fixated with it just because your colleagues have already moved to the next level?  If it doesn’t bring you closer to where you want to be in 5 years, let it go. By shutting one door, you may open others.
  • Does reaching for your goal make you happy? If it makes you anxious, you need to rethink whether it is worth pursuing. It might be that your circumstances have changed and as a result this goal is not applicable anymore. Or you may have realized that the goal you were pursuing was not your dream but somebody else’s (e.g. you ended up becoming a medical doctor to satisfy your parents’ wishes). On the other hand, if it makes your life meaningful, you’d better continue even if your attempts have yet to yield results.

If you answers are mostly Yes, then don’t give up. Everything worth doing requires effort. If the answers trend to No, then you have to rethink your overall objective.

Expect doubt to creep in every now and then. It is perfectly normal. Use the opportunity Career Advice: When Not to Give UP to re-assess the situation and make appropriate changes. Your mentor may able to provide you an external perspective . Don’t let though fear itself stop you. Eliminate thoughts such as “I am not good enough” or “It’s too late now”.

The Bottom Line: Having gone through the questions above, you will be able to decide when NOT to give up. Sometimes though, quitting is the best thing you can do.

Have you faced this dilemma? How did you make the decision?

Korina Karampela is the founder of b4iapply, author, consultant and speaker. She has held senior positions in the pharmaceutical industry for 12 years and has an MBA from MIT Sloan. Her blog b4iapply has been recommended by The Guardian for professional development. This article has also been featured in Huffington Post.

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Top Five Articles of 2012

2012 was a very good year for b4iapply. The blog attracted many readers around the world and it was recommended by the Guardian for professional development.

In this, our final post of 2012, we’ ve gathered the most popular b4iapply articles among readers this year. Read them today and join the conversation.

The Top Five Articles are:

1. Where do you see yourself in 10 years?  

Top Five b4iapply Articles

Best wishes for 2013!

It is definitely an annoying interview question. Nevertheless, it is a very useful one. Here is why.

2. What motivates you to perform at your best? 

Knowing what motivates you can make a critical difference in your performance. Have you chosen a career path that brings out the best of you?

3. Is it Worth Doing an MBA? Part I 

Do you consider doing an MBA to advance your career? If yes, read this article.

4.  Parents’ Guide to College Planning: How to Help

Parents can do a lot to help their children find the best colleges that fit their abilities, passions and expectations. Here is how.

5. Five Tips to Deal with Mid-Life Career Crisis

Do you know that corporate careers have an expiry date? Don’t bury your head in the sand and think that this will never happen to you.

Enjoy reading the articles. Best wishes for a healthy and happy 2013!

Korina Karampela

Author and Founder of b4iapply

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How to be Part of the New Generation of Entrepreneurs

Korina Karampela talks to the CEO of New Entrepreneurs Foundation Neeta Patel about creating the new generation of outstanding entrepreneurs.

  • An increasing number of recent graduates consider setting up their own business instead of joining the corporate world. What are the reasons behind this trend?

I think there are two reasons behind this trend.  The first one is macro- economic. There has been a steep downsizing within large corporate organisations. Those hit the hardest are the financial companies and consultancies which have historically taken large numbers of new graduates. As a result, there are fewer graduate entry level places available. Graduates find it tough to secure jobs when they leave universities. Hence, they consider working for start-ups or setting up their own companies.

The second reason is  due to technological advances. Nowadays, you can launch your own business with very little financial outlay. You can gain a lot of traction through online and social media and you can build a significant brand quite quickly. This appeals to young graduates who are almost all technologically savvy (or ‘digital natives’ which is the commonly used phrase). Also, there are many more successful role models for them today. Think how young the founders of Google, twitter, and facebook are! It has almost become fashionable to become a young entrepreneur and I think this is a good shift in attitudes for the UK as a whole.

  • What is the most common misconception about entrepreneurship?

The most common misconception I come across is that all ideas are good ideas and that they will be successful – they are not and they won’t!

Another one is that being an entrepreneur is an easy career path. Again, the route to success for many entrepreneurs is far from straight forward (just as Sir James Dyson!). There will be many failures and setbacks along the way. Many businesses will simply not take off or will not be profitable.

There are common traits in all the successful entrepreneurs I meet: they are resilient, not afraid of failure, are focused and passionate about what they do. And, they never give up. If they fail, they will pick themselves up again and carry on.

  • Why New Entrepreneurs Foundation is unique?

    The CEO of NEF talks about creating the new generation of outstanding entrepreneurs

NEF is unique because it’s the only programme in the UK that combines a paid, one-year placement that gives you first-hand experience of working in a high growth company, complemented by a 10-month training programme, networking events and a personal coach.

We believe that this combination is a powerful way to help, support and develop start-up implementation skills among aspiring young people. We select the best 30 candidates from hundreds of applicants each year and we’re now selecting the third cohort. Those who are interested, they can apply via our web site: www.newentrepreneursfoundation.com

  • What are the 3 ‘Dos’ and 3 ‘Don’ts’ that recent graduates who aspire to become entrepreneurs need to be aware of?

The Do’s are:

  1. Do get connected and network like crazy (you never know who might be a future investor,  advisor or supporter).
  2. Do go to events, sign up for hackathons and participate in online groups and discussions.
  3. Do get an internship with a start-up. More opportunities will open up to you from this work experience. Volunteer to work for free for a couple of months, if they can’t afford to pay.

The Don’ts:

  1. Don’t spam famous or high profile people with requests for funding or for a meeting. If you must, just ask for advice or introductions.
  2. Don’t wait to launch until you have a fully fledged product. Start developing your idea and launch small but fast. You’ll find it easier to engage people if they can see something live.
  3. Don’t expect to pay yourself a huge salary from the early stage – investors want their seed money to go into developing the business, not funding the founder’s lifestyle!

The bottom line: If you want to be part of the new generation of outstanding entrepreneurs and work with some of the best business minds in this country, the New Entrepreneurs Foundation is for you. Note though that they take only the best.

Korina Karampela is the founder of b4iapply, author and speaker. She has held senior positions in the pharmaceutical industry for 12 years and has an MBA from MIT Sloan. Her b4iapply blog is recommended by The Guardian for professional development.

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If You Want People to Improve

If you want people to improve, be specific when you give them feedback.

The assessment should not be binary; pass or fail, good or bad. The reason is simple. These types of comments don’t give them enough information to do something different next time.

By sharing with them specific observations, you make them aware of what worked well and what needs to be improved.

For example: If somebody has asked you to give him feedback on a presentation he just gave, you can comment on: a) the structure of the speech (beginning, middle, end), b) the clarity of the slides, c) the tone of the delivery, d) the posture of the presenter, e) the level of the eye-contact, f) their engagement with the audience, etc.

In order to be able to provide constructive feedback, observe carefully. Your role is to tell what you noticed. Observations are more factual and non-judgmental.

Ideally, provide feedback as soon as possible after the event. When giving negative feedback though, it might be best to wait until the recipient is ’emotionally’ ready. He/she might be more open to criticism a day later than immediately after the event.

Be direct and avoid giving mixed messages. What we say might be different from what people understand. Be clear and use the word ‘And’ instead of ‘But’.

Also, show you care. When people feel you really want them to improve, they will take your feedback on board (or at least they will carefully consider it).

The bottom line: If you want people to perform better, give them specific feedback on what is working well and what needs to be improved.

Korina Karampela is the founder of b4iapply, author of 2 books, coach and speaker. She has worked as senior pharmaceutical executive for 12 years and has an MBA from MIT Sloan. Her blog b4iapply is recommended by The Guardian for professional development.

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When Everyone Has the Same Qualifications

In the labor market, the simple dynamics of supply and demand apply. When everyone has the same qualifications, then having them is not much of an advantage.

Think how you can differentiate yourself. You may become an expert in a specific field. You may invest your time in developing and maintaining your social network.logo_b4iapply_fin_3clours

The bottom line: You cannot prepare for the future based on what worked well in the past. Adapt to the future realities of the labor market NOW.

Korina Karampela is the founder of b4iapply, author of 2 books, coach and speaker. She has worked as senior pharmaceutical executive for 12 years and has an MBA from MIT Sloan. Her blog b4iapply is recommended by The Guardian for professional development.

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