Lose your career and find your new life

I hear from many people who feel trapped in a career after fifteen or twenty happy, productive years. It's been a good ride, they say, but now it's time to jump off the train. They want to fulfill a creative dream, recover from burnout or just try something new. The old challenge is now a "been there, done that."

Midlife career change is both easier and harder than starting out in the world of work. Change is easier because you have resources to grease the rails. You have savings, equity in your house, and a retirement fund. More important, you have acquired skills, contacts and networks. You may be able to use the resources of your current employer to develop new skills.

On the other hand, change is hard because you have invested in your career identity. People feel stressed when their identity is interrupted through a move, career change or other life transition.

Often people focus only on the skills and values of their new careers, but ignore the impact on identity. Yet I have seen people falter and give up on new careers because they were uncomfortable with the new way they had to define themselves. Just saying, "I am…" creates a new reality.

At the same time, once you begin to acquire a new identity, you increase your risk. It will be more difficult to return to a former career or job once you have begun to enjoy a new identity. And your former colleagues will see you differently.

There are three components to identity.

Self concept is expressed when you fill out a series of "I am" statements. You think of yourself as a father, country club member, and banker.

Social identity is the way others view you. People treat you differently if you're a bank manager or if you're starting a new e-business in a field they've never heard of. Think about how you feel when you're introduced at parties as, "This is Mary. She is a…"

Paper identity is the way you're regarded by the businesses and professionals you deal with. When you have a job, it is easy to get credit and a premium checking out. When you change careers, especially if you start your own business, you may be on shakier ground.

Your response to a new identity will be unique: "After being on my own, I went back to a corporate job. When we got the United Way forms, it hit me. I was now an employee. It didn't feel good." Others will find the same world liberating: "No more chasing after clients -- and I love the pension contributions!"

I encourage career changers to include a plan for identity change, as a way to help smooth the journey.