Alternative Career Move

Tired of the Daily Grind?

A Portfolio Career Could be the Answer.

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The Mr Job Tracker Job Search Learning and Coaching Program. (Resume writing, interviews, everything your Job Search needs) Helping you to get the job you want .... faster. Mr Job Tracker ( thinkific.com )

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Are you tired of the same old 9-to-5 grind? Do you want something different in your career path? Well, have you considered a Portfolio Career?

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What is a Portfolio Career?

Charles Handy is a renowned author and management expert who is credited with popularizing the concept of portfolio careers. In the early 1990s, Handy observed a growing trend of professionals taking on multiple part-time jobs or freelance work to create a diverse career path. He coined the term "portfolio careers" to describe this trend, and his book "The Age of Unreason" helped to popularize the concept. Handy saw portfolio careers as a response to the changing nature of work and the need for individuals to take control of their careers. Today, portfolio careers are more prevalent than ever, thanks in part to Handy's pioneering work.

Now it’s a long time since the 1990s and things have changed a lot. Expectations on both employee and employer side have changed. Also, practices have changed, and technology has been a significant enabler to how organizations solve problems and how people find project work. The idea of external consultancies is also much more prevalent in today’s market. This combination of changed expectations and technological advancement has contributed to the significant rise in and professional work done, on a part time or consultancy basis as compared to more traditional full time, permanent employment. That in turn has led to the uplift of people undertaking portfolio careers and you could be one of them.

There are many advantages to having a Portfolio Career. For one, it allows for greater flexibility and freedom in your work schedule. You have more control over your time and can choose which projects to take on. It also provides a level of job security since you’re not reliant on one employer or industry.

Additionally, a Portfolio Career allows you to explore and develop multiple skill sets, which can make you a more valuable and well-rounded employee. It can also lead to increased creativity and innovation, as you bring diverse experiences and perspectives to your work.

Of course, like any career path, there are also some disadvantages to consider. Having multiple income streams can be stressful and time-consuming to manage. You may also have to hustle to find and secure new projects or clients regularly.

But, if you’re up for the challenge and want to give a Portfolio Career a try, here’s a 10 step plan to get started:

1.??????????????? Assess your skills and interests - what do you enjoy doing, and what are you good at?

2.??????????????? Identify potential income streams - research different jobs, industries, or freelance work that aligns with your skills and interests.

3.??????????????? Network - connect with people in your desired fields, attend industry events and meet-ups, and build relationships with potential clients or employers.

4.??????????????? Build a brand - create a personal brand that highlights your unique skills and experiences across your various income streams.

5.??????????????? Create a schedule - develop a schedule that allows for balance across your different income streams.

6.??????????????? Manage your finances - budget and track your income and expenses carefully, as having multiple income streams can be complex to manage.

7.??????????????? Stay organized - use tools like calendars, task lists, and project management software to stay on top of your various projects.

8.??????????????? Stay up-to-date - continue to learn and develop your skills across your different income streams to stay competitive and relevant.

9.??????????????? Set boundaries - it can be easy to overwork yourself when you have multiple income streams, so set boundaries and prioritize self-care.

10.???????????? Tax and Structure – make sure you consult relevant experts around how to legally structure your business and how to manage taxes.

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There are plenty of books on the subject of Portfolio Careers, there`s a podcast and a LinkedIn group.

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Enjoy the journey - a Portfolio Career can be an exciting and fulfilling career path, so have fun with the journey and embrace the flexibility and freedom it provides.

It’s a great option for those looking for something different …..? and you may never have to wear business attire to work again!

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That’s all for now? ….? Have a great week.??????????????????????????????????????????? Phillip Powell

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The Mr Job Tracker Job Search Learning and Coaching Program. (Resume writing, interviews, everything your Job Search needs) Helping you to get the job you want .... faster. Mr Job Tracker ( thinkific.com )

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