UPDATE: As job markets shift dramatically, experts urge professionals to pivot their careers effectively. New insights from Lew Frankfort, former CEO of Coach, reveal five critical strategies that can transform your career path TODAY.
With anecdotal evidence suggesting that professionals change careers an average of seven times, now is the time to embrace change. Frankfort emphasizes that a single conversation can ignite a career shift. He recounts his own journey, where a chance discussion during a cab ride led him to meet Miles Cahn, the founder of Coach. This pivotal moment changed the course of his life.
Frankfort’s story is a testament to resilience. After being passed over for a promotion by Mayor Ed Koch, who deemed him “too principled” for the role, he sought opportunities beyond government. “I wanted a job that would challenge me and help build something meaningful,” he explains. This rejection fueled his determination to succeed.
DO WHATEVER IT TAKES: Frankfort’s early days at Coach were marked by hard work and versatility. He recalls installing an air conditioning system to enhance factory conditions while simultaneously launching the brand’s first mail-order business. His dedication paid off when Sara Lee Corporation acquired Coach in 1985, shortly after he became CEO, a position he held until 2014. Under his leadership, Coach skyrocketed from $6 million to an astonishing $5 billion in revenue.
In a constantly evolving job landscape, Frankfort urges professionals to remain lifelong learners. “Be a constant, curious learner no matter how young or old you are,” he stresses. This mindset not only cultivates personal growth but also positions individuals to adapt to new roles and responsibilities.
Furthermore, Frankfort advocates for embracing past experiences rather than casting them aside. “My years in government taught me many skills that also applied to business,” he notes. This perspective is crucial for those looking to excel in new environments. The ability to leverage unique skills can set candidates apart in competitive job markets.
As professionals contemplate their next moves, the message is clear: now is the time to act. Whether through networking, embracing challenges, or actively seeking new learning opportunities, individuals can redefine their career trajectories.
WHAT’S NEXT: Experts encourage everyone to take proactive steps in their career development. The job market is ripe for those willing to pivot and innovate. Share this article with friends and colleagues who might be seeking inspiration in their professional journeys. The time for change is NOW.
