Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smart phones.  Based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit.  With annual overhead costs and operating expenses amounting to $145,000, Jamie expects a profit margin of 20 percent.  During the first year, Jamie is using her savings to cover total costs. Current annual rate of return on saving is 2.1%. This margin is 5 percent larger than that of her largest competitor, Apps, Inc.

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Long Term Career Development

Long-term career development is the process of selecting a career, developing skills, and molding the career path in the long term. It’s a lifelong process of learning and decision-making that leads to obtaining one's desired job and lifestyle. Long-term career development takes time and effort to lead a successful career path.