Build a Professional Development Plan Using These Key Steps

5 Steps to Build a Professional Development Plan

Reaching your professional goals can be a lengthy process with plenty of ups and downs – which is why it’s smart to have a plan laid out that will help you stay motivated and on track.

Build a Professional Development Plan Using These Key Steps

Your professional development plan should be specific to your goals and needs, and while there’s no one template to use when creating it, there are a few things you can take into consideration. 

Start by assessing your current skill set and analyzing your strengths and weaknesses, and come up with a few ways to work on those areas and build your confidence.

Today, Piggy Bank Dreams shares a few tips and resources to help you create your professional development plan.

5 Steps to Build a Professional Development Plan

1. Start a Business

If your ultimate goal is to start your own business, there’s no time like the present to get started since the process requires a little time if you want to do it right.

Writing out a business plan, finding the right funding opportunities, and doing market research are essential parts of the planning stages, as is choosing the right business structure.

Be sure to take a look at your credit score. After all, lenders will assess it when determining your eligibility for a loan.

Consider Your Structure

Take your time with these aspects, and read up on business formation options.

While it is the simplest option, there are many sole proprietorship disadvantages.

With a limited liability company, however, you can protect your personal assets and enjoy tax advantages at the same time.

Not only that, you can hire a formation service to file for you, which will save you both time and money.

2. Go Back to School for a Degree

If you feel you need to boost your skills before becoming an entrepreneur, consider pursuing a Bachelor’s Degree in business that you can earn through a flexible online program that allows you to work from home on your own time.

Also, the knowledge you learn will be directly applicable to your career, allowing you to get a massive edge over the competition in today’s cutthroat business world.

3. Put Together a Stellar Resume

A major aspect of creating a professional development plan is figuring out how to put yourself out there, whether it’s in a networking sense or for a job interview.

Once you have the training you need from a degree program, putting together a stellar resume will allow you to showcase your accomplishments and highlight your unique skill set so that you’ll stand out from all the other applicants. 

Don’t Forget the Cover Letter

With all the emphasis placed on updating and properly formatting your resume – and with good reason – it’s easy to forget that the cover letter is just as important.

After all, your cover letter is often the first thing prospective employers see, so it’s critical that you make a good first impression.

4. Document Your Progress

As you make choices that affect your career and education, it’s important to document them.

Measuring your progress against your goals will help you see where you’ve been and assess the work that still needs to be done, boosting your confidence and motivation throughout the process.

If your ultimate goal is to start a business, it can be truly disheartening to only focus on the tasks that still lie ahead of you, but tracking each step as you go will give you a broader picture and help you see exactly how far you’ve come. 

Consider keeping a work diary where you can write down goals and measure them.

You can use printable templates to keep track of everything from your budget to your project updates.

And by tracking everything in writing, you can see your mistakes and learn from them instead of falling prey to them over and over again.

5. Follow Your Goals

Creating a professional development plan is a major step in setting and reaching all of your goals, whether you want to start your own business, go back to school, or create an eye-catching cover letter and resume so you can land your dream job.

Take your time with each step and document your progress to ensure continued motivation.

Piggy Bank Dreams is a blog for work-at-home moms (WAHM) who are searching for a healthy balance between their precious families and work life. Visit us online to learn more!

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