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6 ways to explore a new profession before changing your career path

The Thaiger

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6 ways to explore a new profession before changing your career path | The Thaiger

You’ve decided to make a career change, that’s great (but maybe a bit scary). Now the next thing to do is explore the profession before making a decision to go with it. Once you have made a decision you can search JobCute for the largest selection of new jobs avialable in your chosen profession.

You probably have had a chance to meet people who went to university (and invested a lot of money) only to find out after their graduation that their chosen profession was not what they thought it would be.

Exploring a potential new career before actually going for it can save you a lot of time and disappointment. While you cannot predict 100% how it will go, you can definitely get a better idea of how it will look and feel like by trying the following things.

1. Find an affordable course

In the past, workplaces used to train their employees on the job, while today companies expect you to deal with the cost of their own training. This means you’ll often need to invest a serious amount of your money and time and learn some new skills. Before you commit yourself, we will suggest you try things out in an affordable way.

Let’s say you are considering to become a movie writer. You can search for a beginners course on Udemy, Lynda.com or Coursera, if you liked it, then you can search for longer and more developed programs.

Bear in mind, you are taking the affordable course to gather enough information to help you to decide whether to pursue or drop it.

2. Check out the industry by reading books and blogs on the profession

By reading specific blogs and books related to the profession, it will help you to understand either it should be your new career path or not.

Are they interesting to you? Did you enjoy learning about the industry?

3. Join relevant groups on Facebook, attend relevant live events

Joining relevant Facebook groups or go to live events that can help you to meet many people in your interest field. Then you will have a chance to explore a bit more about what these professionals have to say, their concerns or the way they welcome newbies.

Ask yourself if you can relate to them and pay attention to the way you feel when interacting with them.

When joining a new Facebook group, always try to introduce yourself, then observe things for a little while. Try to avoid asking very general and random questions like, “Should I become a digital nomad?” No one in this Facebook group knows you well enough to give you the advice you’re looking for. What you can do is look for interesting people and strike up a conversation.

When attending a live event, spend time saying hello to the other attendees. People attend to assume that the only interesting people at this event are the speakers, but the best connections can be created just by talking to the person sitting next to you. Pay attention to how you feel about the general “vibe” and whatever you liked the conversations and the topic. This can help you understand whether you would like to join the profession or not.

4. Look people up on LinkedIn

You want to get an idea of the level of your own skills, education or job experience when compared to other people in the same industry. Review your chosen profession and check things such as if people in this industry have a degree and what type of degree is it.

You will find that there are industries and professions which are more open than others, such as the tech industry which is mostly result-oriented.

While some other professions require specific degrees and licenses such as Law or the Healthcare Sector.

5. Reach out to people working in the field

Sometimes what you will see or read on the media or what you imagine it to be isn’t the reality of actually working in the profession. Some people choose to go into writing because it makes them feel creative, without understanding that a lot of writers are self-employed. As a working writer, you will have to learn different skills such as how to negotiate your fees, find your own clients, market your work and so on. Sometimes a big part of what professional writers do is actually business marketing.

Talking to 10 different people who all work in the same profession can help you a lot. It’s enough people to discover some trends in their answers (like lack of work-life balance).

Digging into all aspects of a possible career can really help you make up your mind.

6. Learn about salary ranges

If the salary is important to you, pick wisely the career field you’re going into. There are artists who earn millions, but the majority of artists are underpaid. On the other hand, even lower positions for some professions can be well paid. Software Engineers or brokers can start their careers at higher salaries.

If you have some financial goals in mind, estimating your salary potential is essential. Keep in mind that the same profession can be paid differently in another location.

Taking the time and follow each of the steps above, will give you a better idea of what any profession is really like.

Now, are you ready to look for your new path?

Use JobCute to browse some of your ideal job positions.

6 ways to explore a new profession before changing your career path | News by The Thaiger

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Business

Fish sauce excluded from Thailand’s proposed tax on salty foods

May Taylor

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Fish sauce excluded from Thailand’s proposed tax on salty foods | The Thaiger

PHOTO: Cook’s Illustrated

Thailand’s Excise Department and Public Health Ministry is considering a levy on salty foods in an attempt to tackle the sodium-rich diets of Thai citizens, and the health consequences.

The director general of the Excise Department, Patchara Anuntasilpa says the tax would be calculated based on the amount of salt in a product, with the proposal being sent to Finance Minister Uttama Savanayana by year end.

Fish sauce is a liquid condiment made from fish or krill that have been coated in salt and fermented for up to two years.[1][2]:234 It is used as a staple seasoning in East Asian cuisine and Southeast Asian cuisine, particularly south east Asia and Taiwan. Following widespread recognition of its ability to impart a savoury umami flavor to dishes, it has been embraced globally by chefs and home cooks.

“If the tax is approved, we will allow entrepreneurs one or two years to reduce the salt content and launch a less-salty version of their product.”

The World Health Organisation and the UN both recommend taxing foods with a high salt content, saying increased sodium intake leads to high blood pressure, cancer and kidney and heart disease.

The Nation reports however, that while the proposal is to levy the tax on frozen and canned foods, along with processed items such as instant noodles, seasoning such as fish sauce and snacks like potato chips would be excluded.

The Federation of Thai Industries has pledged to cooperate with the government’s effort to improve the health of Thailand’s citizens, but its head Wisit Limluecha says he is not in favour of taxing popular seasonings, snacks, frozen or instant foods.

“Research has found that these foods represent only 20% of what we eat each day, and everyone has different eating habits, so the better solution would be to advise consumers on how to eat healthily.”

Wisit warns that the tax may damage the country’s competitiveness in the food sector both overseas and in Thailand, where imported products are easily available. He also voices concern that small businesses will suffer if unable to afford ingredient and packaging changes.

SOURCE: The Nation

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Business

500 people own 36% of equity in Thai companies

Greeley Pulitzer

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500 people own 36% of equity in Thai companies | The Thaiger

Roughly 36% of Thailand’s corporate equity is held by just 500 people, highlighting wealth inequality in the Kingdom, according to a study released by the Bank of Thailand’s research institute.

Each of these 500 amass some 3.1 billion baht (102 million USD) per year in company profits, according to the report from the Puey Ungphakorn Institute for Economic Research. In contrast, average yearly household income in Thailand is around 10,000 USD.

A report out this week from the Economic and Business Research Centre for Reform at Thailand’s Rangsit University also pointed to divisive and polarised politics being another root cause of the economic divide.

Thailand’s private sector is dominated by tycoons running sprawling conglomerates. According to the World Bank, the gap between the mega-wealthy and the rest of the Thai population of 69 million is among the many economic challenges for Thailand. According to Bloomberg, the perception of a divide, exacerbated by an economic slowdown, is a major political fault line.

“Magnates arise in Thailand from institutional factors that privilege certain businesses,” said the executive director of PIER, author of the study.

The institute said Thailand needs to promote competitiveness to reduce profits from monopoly power and bolster entrepreneurship to create a more equitable distribution of corporate wealth.

The research is based on analysis of 2017 Commerce Ministry data on the 2.1 million shareholders in Thai firms, and was funded by the University of California San Diego.

SOURCE: Bangkok Post

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Business

Thai Airways must modify rehabilitation plan to survive: Airline President

The Thaiger & The Nation

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Thai Airways must modify rehabilitation plan to survive: Airline President | The Thaiger

PHOTO: gta5-mods.com

“Thai Airways will have to modify its rehabilitation plans to survive in the face of tight competition.” This frank admission by the airline’s president Sumet Damrongchaith.

The national carrier is now carrying a total debt of over 2.45 billion baht and losses of more than 20 billion, despite being able to reduce its debts by 48 billion baht over the past five years.

Sumet says the first step will be to restructure the airline’s management and finances as well as reconsider its plan to spend 1.5 billion baht on 38 new aircraft. He admits the biggest problem is that Thai Airways has low capital but a high debt-to-equity ratio of eight times.

In order to maintain its competitiveness, the carrier will have to reduce its debts versus assets and boost its working capital with support from the ministries of Transport and Finance. Hence, it plans to borrow approximately 3.2 billion baht in fiscal 2020 in line with the budget limit set by the Office of Public Debt Management.

This loan will be taken to support the airline’s investments as well as for its working capital, to update equipment and maintain existing aircraft, but will not be used to repay old debts.

The Nation also reports that the airline is also concerned about maintaining its liquidity because at the end of June this year, its revolving credit line stood at 13.4% of the total revenue forecast for 2019.

Sumet admits that, though the original rehabilitation plan has a set framework, the situation has now changed due to the appreciation of the baht, so in order to achieve goals, the work method has to be redesigned, such as finding a way to procure more passengers.

“We are now in the process of analysing new markets.”

Meanwhile, Thai Aiways’ board chairman Aek-Niti Nitithan-Praphas says the board is reconsidering plans to procure a new fleet taking into consideration the state of the global and domestic economies as well as the US-China trade war.

“The growth of the tourism industry and the airlines’ financial status needs to be reviewed in line with strong competition and routes that are no longer popular. It’s better to carefully revise the plan instead of exposing the airline to greater risk. The target should be reduce expenses by 20%.”

Meanwhile, Thai Airways aims to boost the sale of tickets, find ways of increasing online shopping of duty-free goods and reducing unnecessary expenses by 10%without affecting the quality of service in the last three months of 2019.

The airline is also negotiating the option of cutting down overtime expenses and is looking into curbing losses incurred by it’s semi-budget offshoot Thai Smile by increasing its flying hours to 10.5 hours daily. These steps are expected to help the airline reach breakeven point in the short term.

The airline is also considering long-term goals such roping in more passengers by offering greater benefits to Royal Orchid Plus members, focusing on digital marketing, retiring non-performing assets as well as increasing revenue from related businesses such as kitchens and aircraft repair centres.

SOURCE: The Nation

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