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Can You Move into the Tech Industry While Still Working Full Time?

Can You Move into the Tech Industry While Still Working Full Time? I was reading up on the industry, Getting to know people in the tech industry.

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Can You Move into the Tech Industry While Still Working Full Time

Working in the tech industry is a dream for many. It is an exciting industry to work in, and many of the jobs in tech are well-paid, with some skills highly in demand.

It is no wonder that so many people want to move into the industry, whether it’s because they’re in a job that’s currently under threat of layoffs, or they want to do something different.

However, how do you move into a whole new industry when you still need to work full-time and support yourself? If you are willing to put the work in, there are ways you can move into tech without quitting your current job, so here are some things you can do to work towards this change.

1. I was reading up on the industry.

Moving into a different industry can be daunting, so it’s essential to do as much research as you can before taking the plunge.

You should read tech news sites daily, follow tech-focused social media accounts and blogs, and generally immerse yourself in the tech world. This will help you understand how the industry works, what kind of skills might be needed in the future, and what opportunities are available.

2. Getting to know people in the tech industry

Another way to get involved in tech before you join the industry is to network and meet others who already work in tech. This can be useful, as you can hear what it’s like in tech, and perhaps get a job shadowing opportunity or internship out of it.

Some of the ways you can meet people in the industry include:

  • Going to industry-specific networking events
  • Attending the big tech conferences or training days
  • Finding networking events through your college
  • Researching any local groups for those in tech

Networking at this early stage is an excellent way to get the first step on the ladder, even if you are still considering your career options or studying.

Move into the Tech Industry While Still Working Full Time

3. Tech roles may already be within your reach.

‘Tech’ actually covers a vast number of roles, from social media to programming, so there may already be opportunities for entry-level tech jobs within your grasp.

If you already have a full-time job, the business you currently work for may have tech-related openings, and you may be able to get a department transfer so you can work in a role that’s more relevant to your interests.

While you’re unlikely to get into the role of your dreams this way if you still need to work full time, then doing a low-level tech job will at least give you a bit of experience and opportunities to train, so you have some income while you take the next steps.

4. Tech careers usually require a college degree.

You may well have heard of famous people in the tech industry who dropped out of college or taught themselves IT skills, then become industry leaders, but these cases are rare.

Unless you have exceptional skills and talent, you’ll likely need to get a degree to get started in the tech industry.

While you may be worried about juggling a degree and work, you may be surprised how much more flexible colleges are nowadays for non-traditional students.

Options such as part-time and online learning have made it so that anyone with the determination and is willing to put in the effort could potentially get a degree.

Computer science is the most common degree choice, and while it’s a challenging major, it’ll put you in a good position for entry-level jobs once you graduate. This degree will vary from college to college, but in general, you’ll learn about:

There are usually a lot of different electives to choose from too, which can be useful for those who want to get into a specialist role.

If you already have a degree, then you may want to consider studying for a master’s in computer science at Wilfrid Laurier University, which you can do online. Having a master’s can give your career a boost and allow you to apply for better-paid, more specialist roles when you graduate, so many people find it worth the effort.

5. Intern while earning

Career changers will often assume that they can’t take on an internship, as they perhaps see them as unpaid roles only suitable for college students.

However, unpaid internships are falling out of favor, due to the fact they can reflect poorly on the companies that offer them, so paid internships are becoming easier to find.

While this may mean a pay cut, paid internships can be extremely valuable in the long term, as they’re more likely to lead to a paid position at the end of it.

If you can’t find a paid internship, you may be able to find one that fits in with your full-time job. Some people switch to shift work or take paid time off so that they can squeeze in an internship, and while it’s tough to juggle both, it can be doable and get you the experience you need.

6. The value of your existing skills

While you may not know a programming language or how to fix a server, those who have previous work experience will often have skills that are relevant and useful to the tech industry and can already boost your resume.

You should not underestimate the importance of soft skills to employers. Any work experience in any industry will involve teamwork, time management, and people skills, which can already put you ahead of someone fresh out of college.

When you’re trying to break into tech, take stock of the skills you already have to offer, so your application has a better chance of success.

It can be hard work switching to a whole new industry when you still need to pay the bills. While it can take some time, you can break into tech by developing your career in your spare time, and with online learning and flexible internships, you can gain the experience and skills that you need to land your dream job.

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Business

Navigating the Process of Selling Deceased Estate Shares

This article aims to provide a comprehensive guide to selling shares from a deceased estate. Process of Selling Deceased Estate Shares.

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Navigating the Process of Selling Deceased Estate Shares

1. Understanding the Basics of Selling Deceased Estate Shares

Dealing with a deceased estate can be a challenging and emotional process, especially when it comes to handling financial assets like shares. This article aims to provide a comprehensive guide to selling shares from a deceased estate.

2. What are Deceased Estate Shares?

Deceased estate shares refer to the stocks and shares that were owned by an individual who has passed away. These shares become part of the deceased’s estate and are subject to the terms of their will or estate plan.

3. The Importance of Valuing the Shares

The first step in selling deceased estate shares is to obtain a current valuation. This valuation is crucial for several reasons: it helps in distributing the estate among beneficiaries, it may be necessary for tax purposes, and it gives an idea of the market value of the shares.

4. Legal Requirements and Executor Responsibilities

The executor of the estate plays a pivotal role in the management and distribution of the deceased’s assets. This section will cover the legal responsibilities and steps the executor needs to take to lawfully sell the shares.

5. Obtaining Probate

Before any action can be taken with the shares, it’s often necessary to obtain probate. Probate is a legal process that confirms the executor’s authority to deal with the deceased’s assets.

Transferring Shares into the Executor’s Name

Once probate is granted, shares may need to be transferred into the name of the executor. This process varies depending on the company and the type of shares.

6. The Process of Selling Shares

After completing legal formalities, the executor can proceed with selling the shares. This section will outline the steps involved in this process, including choosing a brokerage or financial service, understanding market conditions, and making informed decisions.

Deciding on the Right Time to Sell

Timing can significantly impact the returns from selling shares. Executors need to consider market conditions and financial advice to determine the best time to sell.

Completing the Sale

This subsection will detail the actual process of selling shares, including placing orders, handling transaction fees, and ensuring all regulatory requirements are met.

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7. Navigating Tax Implications and Reporting

Managing tax obligations is a critical aspect of selling deceased estate shares. This section will explain the potential tax implications and the importance of accurate reporting for both capital gains tax and inheritance tax considerations.

Understanding Capital Gains Tax Responsibilities

When shares are sold, any profit made from the time of the deceased’s passing to the sale date may be subject to capital gains tax. Executors need to be aware of these implications and plan accordingly.

Inheritance Tax Considerations

In some jurisdictions, the value of the deceased estate’s shares might impact inheritance tax calculations. It’s essential for executors to understand these aspects in order to ensure compliance with tax laws.

8. Common Challenges and How to Overcome Them

Selling deceased estate shares can present unique challenges. This section will discuss common issues such as disputed wills, fragmented information about the shares, and market volatility.

Dealing with Disputed Wills and Beneficiary Disagreements

Disputes over the will or disagreements among beneficiaries can complicate the process. Executors must handle these situations delicately and legally.

Managing Market Volatility

Shares can be subject to market fluctuations. Executors should be prepared for this volatility and may need to consult financial advisors to navigate these waters effectively.

9. Tips for Executors Handling Deceased Estate Shares

This section will provide practical advice for executors, including the importance of seeking professional advice, keeping thorough records, and communicating clearly with beneficiaries.

Seeking Professional Financial and Legal Advice

The complexity of selling shares from a deceased estate often necessitates professional advice. This can range from legal counsel to financial advisory services.

Record Keeping and Communication with Beneficiaries

Maintaining transparent and thorough records is crucial. Executors should also prioritize clear and consistent communication with all beneficiaries to avoid misunderstandings.

Conclusion

Selling shares from a deceased estate is a responsibility that requires careful attention to legal, financial, and interpersonal dynamics. By understanding the process, staying informed about tax obligations, and tackling challenges head-on, executors can fulfill their duties effectively and respectfully.

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