Career Change Insights: How to Pivot Like a CEO Right Now

UPDATE: In an urgent guide for those seeking to change careers, former CEO of Coach, Lew Frankfort, shares invaluable insights on how to pivot effectively and make your mark in the business world. With anecdotal evidence suggesting that individuals change careers an average of seven times, the urgency to adapt and reinvent oneself has never been greater.

Just announced by Frankfort, the key to a successful career change can often hinge on a single, pivotal conversation. In his own journey, after being passed over for a promotion in New York City, Frankfort was advised by Mayor Ed Koch that he was “too principled” for the role he desired. This setback fueled his determination to seek new opportunities outside of government, ultimately leading him to the world of fashion and luxury at Coach.

During a chance cab ride, Frankfort discussed his career aspirations with a colleague, who connected him with Miles Cahn, the founder of Coach. This serendipitous meeting marked a turning point in his career. “We had four interviews, and I believe Miles hired me for two main reasons: my work ethic and my curiosity,” Frankfort revealed. This emphasizes the importance of networking and being open to unexpected opportunities.

In his initial role, Frankfort demonstrated a willingness to do whatever it took to succeed, even going as far as installing an air conditioning system in the factory. Under his leadership, Coach saw explosive growth, skyrocketing from $6 million to $5 billion during his tenure.

Frankfort stresses that continuous learning is crucial for career growth. “Be a constant, curious learner, no matter how young or old you are,” he advises. Asking questions and remaining inquisitive can lead to professional breakthroughs, especially in a fast-evolving job market.

Importantly, he underscores that individuals should lean into their past experiences when transitioning careers, rather than abandoning them. “My years in government taught me many skills that also applied to business,” Frankfort stated. This perspective allows job seekers to leverage their unique backgrounds to stand out in interviews and new job roles.

For those currently contemplating a career pivot, Frankfort’s story serves as a powerful reminder that the journey can start with just one conversation. His experiences highlight not only the challenges but also the tremendous potential for growth and success that lies in embracing change.

As the job market evolves, staying adaptable and open to new experiences is essential. Frankfort’s insights are a clarion call for anyone looking to make a significant career change, urging them to act now and seize opportunities as they arise.

For more detailed guidance on navigating career transitions, keep an eye on developments in the world of business leadership and personal growth strategies.