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Inspiring Portfolio Careers

From Energise - The Talent Liberation Company

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Blog

What trends & factors are creating growth in portfolio careers? #2 Societal

December 27, 2018 By //  by Rachel Brushfield

  • People are not one-dimensional and don’t fit into a neat ‘box’: they have different skills and interests.
  • People are more used to choice and change: the Internet, social media and internationalism are exposing people to new ideas and new outlooks. People like the idea that they can design and change their career as they wish.
  • Employees are seeking meaning and purpose and to make a difference: a portfolio career enables you to work and to give back.
  • Individuals value the freedom, meaning and control that comes with self-employment: 85% of micro-business owners report they are “more creative, autonomous and satisfied in their work”.
  • Women are more likely to have caring responsibilities alongside working: the ageing population means that increasing numbers of working adults have/will need to work around responsibilities, e.g. for parents with Alzheimer’s. A portfolio career enables them to do this more easily than when in full-time employment.
  • People have shifted from materialist to post-materialist values: in the early 1970s there were four times as many materialists as post-materialists but by 2006 the dominant view was post-materialist.

What reasons would you add?

More blogs next about why portfolio careers are growing.

Filed Under: Portfolio career

What trends & factors are creating growth in portfolio careers? #1 Employment/work

December 27, 2018 By //  by Rachel Brushfield

The world of work is experiencing rapid change.

  • There is a shortage of full-time jobs for the number of people who want to work full-time: different work options need to be considered.
  • The ‘job for life’ concept is dead: work is in a state of flux.
  • Times are uncertain: mixing employment and self-employment reduces the risk of 100% going it alone.
  • More companies and firms are seeing contracts and freelance as a wise choice to resource for specific business/client needs: ‘pay as you go’ appeals to companies rather than increasing permanent headcount, with the risk, legal and financial implications this entails.
  • The number of good well-paid jobs is reducing: self-employment is driven by the need for professionals to sustain the living standards to which they have become accustomed.
  • Self-employment in professional occupations has risen by 37%: the highest rise of all types of occupation.
  • One-third of the self-employed community are part-time self-employed and account for half of the rise in self-employment since 2000: the number of people who work for themselves but do less than 30 hours a week has grown by nearly 65% from 2000, compared with 20% growth in the number of full-time self-employed.
  • There is a growth in portfolio careers: the number of people who work for themselves in addition to being a conventional employee has grown by 31% since 2000.
  • More than 40% of women have become self-employed since 2000: twice the growth rate of self-employed men.
  • Women are creating self-employment growth: accounting for 60% of the increase in self-employment since the economic downturn in 2008.
  • Self-employment and portfolio careers give people a vehicle for independence, enable them to be in charge of their own destiny and have more meaning: Italian economist Paolo Verme states: “freedom is by far the most significant predictor of life satisfaction”.
  • A portfolio career is satisfying: you can set your own rules, have autonomy and flexibility and design it around family needs and personal choices. It also enables people to feel more in control and have greater influence. 82% agree that it is more meaningful than a typical job.

More reasons why portfolio careers are growing in the next few blogs.

Filed Under: Portfolio career, Uncategorized

Who is a portfolio career for?

December 27, 2018 By //  by Rachel Brushfield

A portfolio career appeals to a number of different groups of people:

  • People with multiple interests who are independent, creative and/or entrepreneurial in nature tend to be drawn to portfolio careers, as they can find the hierarchical nature of law firms and corporates stifling.
  • Young workers wanting to travel and study also find portfolio careers appealing.
  • Working mothers seek the flexibility of a portfolio career to successfully combine their career and family.
  • Executives over 55 who want a new challenge but face ageism when seeking a new full-time role may choose a portfolio of part-time jobs.
  • Executives not ready for retirement who want to keep purposeful, can create a portfolio, gradually reducing their working hours while taking on non-exec director/volunteer roles, and increasing their leisure time as they wind down to 100% retirement.

How would you describe the reasons for your interest in having a portfolio career? Contact us to arrange your free 20 minute telephone chat: https://www.inspiringportfoliocareers.com/portfolio/connect/

Filed Under: Portfolio career, Uncategorized

What is a portfolio career?

December 27, 2018 By //  by Rachel Brushfield

What is portfolio working and why is it growing?

Portfolio working is when an individual has multi strands rather than just one to their career. This trend has been growing for a while, fuelled by desire and also necessity post credit crunch.

With more competition in many professions, a portfolio career could be a sound choice.

Why is portfolio working growing?

  • People aren’t ‘one-dimensional’ and fit in a box, they have different skills and interests
  • The job for life is dead as a concept – a portfolio career helps you create your career as you want it
  • A current shortage of full time jobs has led to more part time jobs, creating a financial shortfall that needs to be filled
  • The younger generation actively seek more variety than the older generations
  • People are now more used to choice and like the idea that they can design their career as they wish
  • More people are seeking meaning and purpose, and a portfolio career enables people to earn money and give back
  • Mixing employment and self-employment reduces the perceived risk of going it alone 100%
  • More companies are seeing contracts and projects as a wise solution without increasing headcount, giving you the scope to have a portfolio career

5 Tips to explore portfolio working

  1. Know your financial break even and how much money you need to feel secure and have peace of mind
  2. Create efficient systems as multi career strands can take more time to manage
  3. Plan time for marketing to line up the next contract/retainer and create a financial buffer in case things change unexpectedly
  4. Get advice from people doing portfolio working so you understand the pros and cons
  5. Know your values and needs/wants so that you can ensure that a portfolio career is the right choice to give you fulfilment not stress

Filed Under: Portfolio career

The brand called You – why you need a personal brand

December 27, 2018 By //  by Rachel Brushfield

Personal branding is becoming not just more important, but essential. Increasingly employees and consultants for projects will be resourced online via ‘Trip Advisor style’ sites. Just as videos and infographics have grown in importance to provide communication cut-through online, so defining your personal brand is a modern way to stand out.

Picture a sea of faces on a resourcing or recruitment web site for lawyers. An avatar (head-shot of you), and a couple of sentences maximum to get the message across, plus ratings about you from previous clients, employers and peers.

A busy executive looks at the site to find someone for an exciting career enhancing project or contract. How will you stand out and be chosen from the hundreds of choices? What will make the browser notice you in a good way so you are on their initial resourcing or recruitment list? Or will you be invisible – your online profile showcasing your high-quality experience not even read, because you didn’t get past the first hurdle.

So what is a personal brand and why is it so important for the future of work?

A personal brand is the territory you occupy in the minds and hearts of your target audience. It gets you noticed in a good way and positions you as the ‘go-to person’ for your specialism or niche.

The wording of your personal brand is crucial. The best personal brands are memorable, relevant and emotive. Articulating your personal brand in just three words follows in-depth analysis of yourself and the needs of your target audience, plus emerging trends, takes time and thought.

Articulate your brand in just three words.

Many people find it hard to create their own personal brand because they are so close to themselves that they can’t see their own unique talents. Synthesising, distilling and articulating the essence of you and the gift you bring to others in just a few words is a skill in itself.

Here are some pertinent quotes about personal branding.

“All of us need to understand the importance of branding. We are CEOs of our own companies: Me Inc. To be in business today, our most important job is to be head marketer for the brand called You.” Tom Peters in Fast Company.

“Building a profitable personal brand online is not a sprint, and something that happens overnight. Don’t aim for perfection early on. Instead allow your brand to evolve naturally over time and focus on providing massive value and over deliver to your target audience. Then you will get more clear over your message and brand as well.“ Navid Moazzez.

“Personal branding is about managing your name — even if you don’t own a business — in a world of misinformation, disinformation, and semi-permanent Google records. Going on a date? Chances are that your ‘blind’ date has Googled your name. Going to a job interview?” Tim Ferriss.

“If you don’t give the market the story to talk about, they’ll define your brand’s story for you.” David Brier.

“Branding demands commitment; commitment to continual re-invention; striking chords with people to stir their emotions; and commitment to imagination. It is easy to be cynical about such things, much harder to be successful.” Sir Richard Branson.

My personal brand is ‘Talent Liberator’. I do what it says on the tin. Originally at the beginning of my business 20 years ago, my personal brand was ‘Energising Connector’ which was an accurate summary of what I do, but it lacks the emotive quality which makes a better personal brand.

Here are some examples of personal brands:

‘Network Navigator’ – a networking specialist

‘The Body Coach’ – a personal trainer

‘The Clean Food Coach’ – an expert in natural food to stay healthy

‘Mr Loophole’ – a lawyer who specialises in getting celebrities out of driving bans.

‘The Book Midwife’ – a writing coach who helps her clients to self-publish a book

‘Insight Integrator’ – A strategist specialising in insight to inform an integrated strategy

‘Career Sherpa’ – a job search coach for the digital age

‘Miss Masala’ – an Indian cook and food writer

Make time to think about and create your personal brand. It takes time, but is one of the best investments you will ever make to attract the work you really want.

If you would like to receive information about Energise Personal Branding individual mentoring service, please e mail me. Thanks! https://www.inspiringportfoliocareers.com/portfolio/connect/

Filed Under: Portfolio career

The ‘push me’, ‘pull you’ of a portfolio career

December 27, 2018 By //  by Rachel Brushfield

Question for you.

How do you know when to edit or evolve your portfolio career?

I was reflecting on this recently during a career retreat and came to the conclusion that there are ‘push’ and ‘pull’ factors.

‘Push’ factors are negative things that cause you to re-evaluate. ‘Pull’ factors are things that attract you so ‘pull’ you to want to change the mix of your portfolio career.

Top 11 ‘Push’ factors

• Low satisfaction or fulfilment
• Doesn’t help you to progress or grow
• Poor money for the effort/time
• More competition for work
• Doesn’t fit your career vision
• Bored of doing the same work
• Technology replacing demand
• Trend to in-house from freelance
• Stressful or feels like hassle
• Doesn’t fit with your personal values
• Unreasonable deadlines or demands

Top 11 ‘Pull’ factors

• Builds your career capital
• Learn a new skill
• Stimulating new challenge
• Broaden your network
• Good money
• Emerging new work area
• Work you can do flexibly
• Work you can do from home
• Project with people you like
• New ‘string to your bow’
• Aligns with your longer-term vision

What would be your top 3 ‘push’ and ‘pull’ factors?

Defining your own portfolio career ‘push’ and ‘pull’ factors helps you to screen work options and feel clear about what projects you say ‘yes’ to and ‘no’ to.

Interested in a portfolio career?Download your copy of our free report ‘Discover portfolio careers’: https://www.inspiringportfoliocareers.com/who-has-portfolio-careers/

Filed Under: Uncategorized

10 pros of a portfolio career

December 27, 2018 By //  by Rachel Brushfield

A career portfolio or portfolio career has many pros. I have thought of over 70. Here are 10 of mine for now:

  1. Doing what I want
  2. No week ever the same
  3. Always learning
  4. Planning my own tasks around the sunny weather
  5. The ability to be spontaneous
  6. Taking a day off if I feel like it
  7. Avoiding rush hour
  8. Avoiding queues and busy times in shops
  9. The variety and stimulation of varied work
  10. Getting better value train fares from travelling off peak

What would be your biggest pro from a portfolio career?

https://www.inspiringportfoliocareers.com/who-has-portfolio-careers/ Download your copy of our free report ‘Discover portfolio careers’:

Filed Under: Portfolio career Tagged With: portfolio careers, rachel brushfield

Michal Freeman-Shor’s guest blog about her portfolio career

November 19, 2018 By //  by Rachel Brushfield

Mini biog – Michal Freeman-Shor

I am a senior associate solicitor in the Corporate and Commercial team at Gardner Leader working full time, a Back to Law Ambassador for the Law Society and an Executive Committee member of MDAUK, actively raising money and volunteering in my local community, and synagogue and a private investor. Currently I am also studying Private Wealth Management on the STEP PPGD program and am in the process of co-establishing the Thames Valley part of the Women Lawyers and Mothers network.

What are the components of your portfolio career e.g. study, paid freelance work, part time job, volunteering etc.?

Corporate lawyer, various voluntary roles to support women solicitors to return to the law and working women solicitors mothers to have support, and in my local Jewish community.

How did your portfolio career come about?

I have always enjoyed keeping active and being involved in various projects simultaneously. I always chose roles that inspired me and enabled me to live a balanced lifestyle whilst giving back to the community around me. Investment in property was one, which enabled me to do voluntary activities in our community.

How has your portfolio career changed over time?

I have recently returned to work full time for Gardner Leader. I was a director of Maidenhead Synagogue for 8 years, running a not for profit shop, cooking for the homeless and elderly people. I also taught law and business modules at GCSE and A level at Windsor Girls’ School for 4 years. The girls achieved good grades in their exams and some were inspired to continue to study law or business in higher education.

When people ask you ‘what do you do?’ – what do you reply?

A corporate lawyer and investor.

To what extent did your portfolio career happen by chance/luck and to what extent was it planned?

In some way I have always had a portfolio career. I was adapting and changing the roles I undertook as my personal circumstances altered. I always embraced change and progress and I was always planning to return to practice corporate law when my son was old enough. I also wanted to make a difference, and support both women solicitors who are working mothers, as I am, and returners wanting to return to the law. My local community is very important to me, and will always play a big part in my portfolio career.

What do you most love about having a portfolio career?

I love the variety and stimulation, meeting inspiring people and making a difference.

What are the challenges of having a portfolio career?

Time. I have to be very organised and say ‘no’ to things that I don’t have the time for, even if my enthusiastic side would like to say yes! You do have to be realistic as Corporate work can be long hours. Social media and a Smart phone are essential.

Who or what helps you to manage your portfolio career?

Having a support network is essential. My husband and son are a constant inspiration and my pillars of strength. I have brilliant friends, colleagues and past colleagues who constantly keep me on my toes and provide unweathering support. Having a great encouraging team at Gardner Leader also helps a great deal.

How do you approach marketing your portfolio career?

I am naturally a very proactive and passionate person and I embrace change. I was resistant, like many lawyers, to social media at first, but I have seen how it enables you to create visibility amongst more people than can be achieved with just face to face networking. This is especially so for working mothers – I want to spend quality time with my family in my free time. Being a Back to Law Ambassador for the Law Society and being active on LinkedIn has built a following and interest fast.

What if any, is the personal brand used for your portfolio career?

I don’t really have a brand per se. People who work with me know that I am genuinely passionate, professional, diligent and commercially minded.

What advice would you give to someone considering a portfolio career?

Create it and edit it around what you are passionate about and your personal values. You cannot do everything, so be selective and realistic about what you can fit in and review what you are doing every 6 months or so. Make sure that you make time for yourself to keep yourself energised.

What benefits do portfolio careers bring specifically to women and mothers, rather than to men?

Flexibility and control, doing what you love on your own terms. We can multitask so why not use it?

What 5 tips can you share for people considering a portfolio career?

1       Chose roles that fit your personality and home life.

2       Learn to say no and only say yes to what you enjoy and feel inspired by.

3       Have a plan and be willing to change it when your circumstances change.

4       Keep organised with a robust time management.

5       Be proactive, get out and network your socks off with people who inspire you.

More

Interested in a portfolio career for yourself?

Why not download your copy of the free Energise LLClub report: ‘Discover Portfolio Careers’:

https://www.inspiringportfoliocareers.com/who-has-portfolio-careers/

Filed Under: Guest blog portfolio career

Ashley Cavers guest blog about her portfolio career part 2

November 6, 2018 By //  by Rachel Brushfield

Ashley Cavers mini biog

Ashley has a background in print and broadcast media, and has worked for both the BBC and Sky TV, with more recent experience in corporate communications and enterprise networks. For the last eight years, she has worked freelance for The Sunday Times Fast Track, meeting the entrepreneurs behind some of the UK’s most successful private businesses. She also has direct experience of starting and running her own businesses, having previously run a PR and events firm as well as a retail business, which she successfully sold. Earlier this year, she took up a role as Lead Network Navigator with Oxlep Business, helping to support start-up and growth companies across Oxfordshire.  Ashley experienced OxLEP Business’s support first-hand, after co-founding The Wonky Food Company in 2017. The company makes relishes out of imperfect fruit and veg and started selling in The Midcounties Co-op this summer. Earlier this month, The Wonky Food Company was included in the 2018 list of Game Changers in the Thames Valley region.

Read Ashley Cavers guest blog about her portfolio career part 1

https://www.inspiringportfoliocareers.com/ashley-cavers-guest-blog-about-her-portfolio-career-part-1/

When people ask you ‘what do you do?’ – what do you reply?

This is still hard as I wear so many different hats. It used to be something I was somewhat embarrassed by and would find myself getting quite defensive when explaining the various elements of my working life – as though somehow it revealed that I was a bit flighty or flaky, unable to stick to one job or career path. But in recent years, my portfolio career is something I have come to embrace and even be proud of (after all, it’s not easy juggling many different roles!). This is partly due to my own acceptance of the twists and turns of my own career journey and learning to banish any regrets and ‘what if’ moments, but is also down to a broader cultural shift where it is now much more acceptable to have a portfolio career, so no reason to make any apologies or excuses!

What do you most love about having a portfolio career?

I love the freedom that a portfolio career has given me. It has enabled me to flex my workload up and down at different stages in my life and has also given me the chance to explore different interests and skillsets. It is the rare few that have an exceptional talent in just one thing. Most of us have more moderate talents in a wider range of areas, so why not try our hand at a number of them? It seems crazy to me that you would commit your entire working career to one path only, when most of us are now living long enough to experience multiple careers over our lifetime.

What are the challenges of having a portfolio career?

 There are many challenges, of which I am well aware. There is significantly increased financial risk in what I do. I have little to no job security; I don’t get paid when I take a sick day or a holiday, and it’s very hard to make long-term financial plans. I accepted a long time ago that I will never retire and will probably work until I drop, but that is fine with me. I think if you choose the ‘portfolio’ path, it’s because you want to love the work that you do, so why would you choose to give up something that you enjoy? Portfolio working is all about breaking down the dividing line between work and life. But this can of course also be a negative. I have to carefully manage my life so that work does not become all-consuming. At the moment I have three ‘jobs’ – all enjoyable and rewarding and interesting, but the level of organisation required to manage them all well can be overwhelming and is something I constantly battle with.

What 5 tips can you share for people considering a portfolio career?

1  Be organised!

2  Develop a good professional network – you never know where the next opportunity will come from.

3  Don’t be afraid to change direction or drop a part of your portfolio that isn’t working. Take time to regularly evaluate where you are.

4  Have a good support system – I couldn’t do without my cleaner, accountant and family (not necessarily in that order!)

5 Self-belief is essential, but accept that moments of self-doubt are inevitable.

More

View Ashley Cavers LinkedIn profile:

https://www.linkedin.com/in/ashley-cavers-68613534/

Browse The Wonky Food Company web site:

https://www.wonkyfoodco.com/

Follow The Wonky Food Company on Twitter:

https://twitter.com/wonkyfoodco

Browse the OxLEP Oxfordshire web site:

https://www.oxfordshirelep.com/

Interested in a portfolio career for yourself? Download your copy of our free report Skills to find out what your transferable skills are.

https://www.inspiringportfoliocareers.com/what-is-a-portfolio-career/

 

 

 

 

 

 

Filed Under: Guest blog portfolio career Tagged With: ashley cavers, career coaching, career management, energise the talent liberator, oxlep oxfordshire, portfolio career, rachel brushfield, the talent liberator, the wonky food company

Ashley Cavers guest blog about her portfolio career part 1

November 6, 2018 By //  by Rachel Brushfield

Ashley Cavers mini biog

Ashley has a background in print and broadcast media, and has worked for both the BBC and Sky TV, with more recent experience in corporate communications and enterprise networks. For the last eight years, she has worked freelance for The Sunday Times Fast Track, meeting the entrepreneurs behind some of the UK’s most successful private businesses. She also has direct experience of starting and running her own businesses, having previously run a PR and events firm as well as a retail business, which she successfully sold. Earlier this year, she took up a role as Lead Network Navigator with Oxlep Business, helping to support start-up and growth companies across Oxfordshire.  Ashley experienced OxLEP Business’s support first-hand, after co-founding The Wonky Food Company in 2017. The company makes relishes out of imperfect fruit and veg and started selling in The Midcounties Co-op this summer. Earlier this month, The Wonky Food Company was included in the 2018 list of Game Changers in the Thames Valley region.

How did your portfolio career come about?

I never consciously set about to have a portfolio career (in fact, I hadn’t even heard of the phrase ‘portfolio career’ until fairly recently!). My career started off fairly conventionally, working in staff roles for the BBC and then for Sky Television during my twenties. But when I turned 30, and recently married, my husband and I had the opportunity to move to West Cork in Ireland, a place where we had frequently holidayed and had always loved. I was feeling a bit disillusioned and burned out, doing some serious commuting and working long hours in an industry that I found increasingly at odds with my values and interests.

I guess I had an early mid-life crisis of sorts, so when a job opportunity came up for my husband in Ireland, I jumped at the chance for a fresh start! I continued to freelance for Sky but found myself increasingly involved in an active local community (at one point I ended up managing the local bookshop!). After volunteering to do the PR for an inaugural local arts festival (a festival which more than a decade later is now one of the biggest in Ireland!), a number of local groups and businesses started to approach me to do their PR, so I started my own consultancy.

At the same time, the stint at the bookshop had given me a taste for retail and spotting a gap in the market for good quality stationery (I had always been a paper junkie!), I opened my own upmarket stationery and gift store. This was at the height of the economic boom in Ireland, and the business did well. I was considering opening a second site, with ambitions for a national chain of high street stores, when the financial crash came. Overnight, the economy in Ireland collapsed. Although I managed to sell the business, this turn in events combined with starting a family, prompted a return to the UK.

I realised on my return that my experience in Ireland had completely changed my attitude to work. I had proved that I could successfully combine a number of separate career interests, and returning to a 9-5 job now seemed inconceivable to me. I took a bit of time out to have my second child and settle back into life in the UK after a six-year absence. Being the height of the recession, there also weren’t too many opportunities to choose from. But I soon started freelancing for The Sunday Times Fast Track, which for me, combined the two recurring threads of my career: journalism and entrepreneurship. I’ve now been back for 10 years, have started two other businesses and have never been busier!

What 5 tips can you share for people considering a portfolio career?

1  Be organised!

2  Develop a good professional network – you never know where the next opportunity will come from.

3  Don’t be afraid to change direction or drop a part of your portfolio that isn’t working. Take time to regularly evaluate where you are.

4  Have a good support system – I couldn’t do without my cleaner, accountant and family (not necessarily in that order!)

5 Self-belief is essential, but accept that moments of self-doubt are inevitable.

More

View Ashley Cavers LinkedIn profile:

https://www.linkedin.com/in/ashley-cavers-68613534/

Browse The Wonky Food Company web site:

https://www.wonkyfoodco.com/

Browse The Wonky Food Company web site:

https://www.wonkyfoodco.com/

Follow The Wonky Food Company on Twitter:

https://twitter.com/wonkyfoodco

Browse the OxLEP Oxfordshire web site:

https://www.oxfordshirelep.com/

Interested in a portfolio career for yourself? Download your copy of our free Skills report to find out what your transferable skills are:

https://www.inspiringportfoliocareers.com/what-is-a-portfolio-career/

 

Filed Under: Guest blog portfolio career Tagged With: ashley cavers, career coaching, career management, energise the talent liberation company, guest blog, oxlep oxfordshire, portfolio career, rachel brushfield, the talent liberator, the wonky food company

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