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You are here: Home / Archives for Portfolio career

Portfolio career

The changing shape of portfolio careers

November 12, 2022 By //  by Rachel Brushfield

Addressing the ‘elephant in the room’

The exact mix and shape of my own portfolio career has changed every year of the 26 years I have been running Energise.

This blog is an interview by Mandy Garner, journalist and editor of Working Wise who focus on work for the 50+ and who have a National Workers Week every November. This year, 2022, it is w/c 21 November.

Rachel Brushfield (age 57) came to her current post as Strategic Planning and Community Manager (part time contract) of ProAge through a career change programme and years spent working with businesses through her coaching consultancy. A small charity with four trustees and two part-time contractors, ProAge’s aim is age inclusion and helping managers and leaders to manage multi-generational teams. As such, it conducts age-inclusion audits and training sessions to help managers and leaders develop multi-generational teams and age-inclusive cultures as well as offering mentoring and group coaching.

Rachel’s background is in marketing, brand strategy and communications for design, innovation and advertising agencies. After several years of running her own consultancy she was craving greater variety and career purpose so when her sister sent her a news cutting about coaching she decided to retrain. She spent a year and a half doing NLP training while continuing to work on the side until, nearly 25 years ago, she converted her consultancy into a coaching business, focused on executive career and life coaching. 

Rachel mainly coached mid-career women who needed help marketing themselves so that they could get to the next level. She worked mainly in HR, advertising and law where the problem of female representation in senior management roles was more acute. She has worked closely with the Law Society to help women, especially mothers, break through career barriers, but, despite writing two books for the Society and being very determined to push for change, she has found it frustrating that not much has shifted in terms of the traditional law firm model’s impact on women’s careers and progression. Nevertheless, she says that Covid helped to move the dial on flexible working. “Companies don’t tend to make changes except when they are in pain,” she says, “and we are not quite there yet with law.” 

Like her clients, Rachel [pictured right] has become accustomed to taking a reflective step back in her own career and she regularly goes on retreats to rethink everything.  She says, for instance, that her decision to work in a portfolio way – doing everything from career coaching and events to writing, research and consultancy work – is a conscious one as it gives her the variety she craves. She says: “I don’t fit in a ‘neat box’! I have consciously broadened my skills, knowledge and experience throughout my career and developed career capital to make myself more marketable.”

As the coaching market was becoming more and more crowded, she self-funded a professional development break in talent management and employer branding, as she was missing strategy work. after 20+ years as a coach she felt a bit stale and she also wanted more financial stability. So she signed up with Brave Starts, a community interest company (CIC) career change organisation, in order to get a fresh perspective on her work and because she liked the robust data approach plus Lucy Standing, its leader, as a human being.

Standing knew one of the ProAge trustees and had heard that ProAge were looking for someone to manage their office. She says: “I wanted a role that I could do from home, and which would utilise my planning and organising strengths.” She has now been in the job supporting ProAge on a part-time contract basis for a year.

The challenges of getting employers on board

Rachel says that, while there has been a growth in the number of organisations promoting age diversity, there are still a lot of challenges getting a wider number of employers to take action. For ProAge, which is a small charity, partnering, sponsorship and volunteer ambassadors are key and Rachel has been able to leverage the strong networks she has built over the last decades. 

However, she says age diversity has been on the periphery of employers’ awareness, with the diversity and inclusion focus centring on other issues. That may be changing due to the current skills shortages as a result of Brexit, the ‘Great Resignation’, and other factors. 

Rachel says many companies are suffering from initiative fatigue and tend not to plan too far ahead because making the changes necessary to transform workplace culture to attract and retain the right people is viewed as too big a step to take, particularly in an unstable world. She thinks it is easier for employers to do nothing than to change workforce planning and recruitment processes to attract and retain older workers, for instance, through valuing portfolio workers more. Many, however, view this intransigence as ironic given it is making such changes that helps companies weather the storms better.  

ProAge has also got better at targeting the employers who will move from words to action. That includes early adopters, those with HR decision makers who are over 50, those with an over 50+ customer/client base, those needing to build their employer brand in the face of skills shortages and those who are progressive on diversity and inclusion issues. It is currently conducting research on the services it offers.

Rachel says that ProAge has found employers struggle in particular with managing a multigenerational workforce. Managers tend not to have had any training in this. Challenges include a younger manager managing an older, more experienced colleague and how both feel about each other as well as issues around culture, language, communications and technology. Rachel says it is important to address the ‘elephant in the room’ at sessions on multigenerational working by asking direct questions in a safe space, facilitated by an objective ProAge expert, exploring, for instance, whether those in the room see older workers as an asset or a liability to get the discussion started. “People need to talk about these things rather than tiptoe around them,” she states.

She would like to see more investment in auditing and measuring age diversity on the grounds that what gets measured gets done. And she thinks employers need to be much more aware of ageist stereotypes and to counter these with positive case studies, talent alumni pools and an awareness of the benefits that older workers bring. They also need to have time to reflect on longer term trends such as demographic changes through retreats and workshops which give them the space and time to think. 

“Employers need to view embracing older workers as an opportunity, see not doing anything as a cost and focus on longer term workforce planning,” she says. “Kicking the can down the road with the ageing population helps no one and achieves nothing. The smart organisations are the ones who act now, despite ongoing uncertainty, building a sustainable competitive advantage and their employer brand and attracting the cream of talent, saving on recruitment costs.”

Can you relate to your skills, knowledge and experience not fitting in one ‘neat box’? If so, I can help you and a portfolio career could be the answer for you.

Get in touch for a free no-obligation chat with me Rachel Brushfield: https://www.inspiringportfoliocareers.com/contact-us/

Filed Under: Portfolio career

Variety is the spice of life

February 14, 2021 By //  by Rachel Brushfield

Introduction

I have been running my own business Energise for over 24 years and have always enjoyed variety.

In 2011, I was lucky to read the book ‘The Shift’ by Lynda Gratton, a Professor at London Business School about changing work trends and what the world of work would be like in 2020.

I am so glad that I did, because having implemented its recommendations myself, I am now in a good position to help people at this challenging time in the world, with Covid-19 having accelerated a decade of change into 1 year.

What is a portfolio career?

A portfolio career is work/a career made up of multiple components, for example freelance work, a contract, a part time job, non-executive directorships, trustee and volunteering, rather than just having 1 job or running 1 business.

As a metaphor, a portfolio career is like choosing Dim Sum or Tapas in a restaurant, a variety of different dishes, rather than just one single main dish, giving you a variety of flavours and textures and a moreish combination.

Why are portfolio careers growing?

Portfolio careers have been growing for a while, because of 2 growing segments:

· The ‘want a portfolio career’ market – pre-retirees wanting a gentle ‘slope’ rather than a steep ‘cliff’ to retirement, and millennials (young workers) who have different career aspirations to previous generations.

· The ‘need a portfolio career’ market – this has grown massively because of the impact of Covid-19 on both the employed and self-employed sectors; shrinking markets, forced career change, reduced consultancy projects with greater competition, more people becoming self-employed, and a raised ‘bar’ of the standard required to secure a job or project.

How do portfolio careers vary?

Portfolio careers have been around for centuries – think holiday destinations with seasonal tourism, who need a different way of earning a living for the rest of the year.

Portfolio careers vary a lot, and they also change a lot!

They can be segmented into:

· Similar e.g. associate work with different companies

· Contrasting e.g. leadership coach and historical author

· Synergistic e.g. bee-keeper and dentist

A portfolio career isn’t the right career choice for everyone, so thinking it through carefully is essential. Working with an experienced career coach, specialising in portfolio careers can be invaluable.

A portfolio career is like a kaleidoscope.

You can adjust it and create new work patterns that suit you, as your needs change, and market trends shift.

Everyone is unique and so is each portfolio career!

What are the benefits of a portfolio career?

Benefits include:

· Variety

· More fulfilment and flexibility

· Constant learning

· Increased career agility

· Enhanced career resilience

· A future-proof career

· Reducing your career risk

What are the drawbacks of a portfolio career?

Drawbacks include:

· Constant change

· Less certainty and security than a traditional career

· Need to focus on trends and take stock regularly

· Must embrace marketing and networking

· Need to be super-organised

A portfolio career is like having a ‘safety net’.

Is it really a good idea to put all your career ‘eggs in one basket’ in an uncertain world?

What next?

To receive a free Energise report: ‘Discover Portfolio Careers’ including a free 15-question suitability questionnaire and/or to arrange your free 20-minute no-obligation meeting to explore whether a portfolio career is right for you, get in touch with Rachel Brushfield using this link: https://www.inspiringportfoliocareers.com/contact-us/

Recommended reading

Lynda Gratton ‘The Shift’ https://www.amazon.co.uk/Shift-Future-Work-Already-Here/dp/0007525850

Andrew J Scott + Lynda Gratton ‘The 100 year life’ https://www.amazon.co.uk/100-Year-Life-Living-working-longevity/dp/1472930150

Andrew J Scott and Lynda Gratton ‘The new long life’ https://www.amazon.co.uk/New-Long-Life-Framework-Flourishing/dp/1526615169/r

More about Energise

View Rachel Brushfield’s LinkedIn profile: https://www.linkedin.com/in/energiseliberateyourtalent/

Rachel Brushfield’s portfolio career

Inspiring Portfolio Careers https://www.inspiringportfoliocareers.com/

EnergiseLegal https://www.energiselegal.com/

Energise LLClub – Inspiring Portfolio Careers for Women Lawyers. https://www.llclub.org/

PWHub – Inspiring Professional Women – a network for senior employed women, all sectors, with quarterly CPD style events. Rachel is a co-founder. https://www.pwhub.org.uk/

This blog was originally a guest blog for Oxfordshire Business Community Network: https://oxfordbusinesscommunitynetwork.co.uk/blogposts/variety-is-the-spice-of-life/

Filed Under: Portfolio career Tagged With: career pivot, mike foster, portfolio career, portfolio careers, the talent liberator

Ready to be put ‘out to grass’? Or not! Part 2 of 2.

February 11, 2021 By //  by Rachel Brushfield

This is a 2-part blog by Peter Wilford about supporting Finance Directors (FDs) to consider about whether to retire or not, and how a portfolio career can be a good career choice for the pre retirement life stag.

This is part 2.

The rest of this blog is in Peter’s own words.

Read part 1

https://www.inspiringportfoliocareers.com/ready-to-be-put-out-to-grass-or-not-part-1-of-2/

How we help our clients

Success comes from a number of factors.

We help our clients to develop a Plan ‘A’, ‘B’ and ‘C’ for their job search and marketing activity.

Each plan is carefully crafted and the priorities assessed. 

This gives the Financial Director (FD) confidence that he / she is not putting all their career ‘eggs in one basket’. This is especially important for the uncertain times in which we live.

We coach them at every stage and act as a sounding board to keep them on track.

Career plan ‘A’, ‘B’ and ‘C’

Typically, career Plan ‘A’ might involve securing 2-3 pieces of paid consultancy work – often with an SME and where they were not likely to be seen as a threat to the incumbent CEO or Financial Director, but are able to add significant bottom line value. 

Career Plan ‘B‘ might be to focus on obtaining some interim work, particularly if they have already worked in a sector where interims are required and / or in a Senior Finance project role.

Career Plan ‘C’ might be to set up their own business and to create a web site and look at building a portfolio career to include typically:

  • non-executive director (NED) work
  • mentoring of younger finance professionals
  • voluntary work
  • paid consultancy projects.  

Also perhaps:

  • supporting a friend in their local area with their own business, to broaden their experience, leading to new future opportunities.

Age bias towards employing 50somethings

Securing a full-time role as a finance director (FD) in a large organisation in your 50’s is both difficult and extremely time consuming, unless you have a strong business network and very well-established head-hunter contacts.

Opportunities for an FD to get work more easily lie in the Small Medium Enterprise (SME) sector.

Finding your niche and how we help

One FD client, whose experience was both corporate and SME based, identified that his niche market was medical devices companies.

We worked together to write 2-3 compelling direct approach letters and he drew up a list of 50 SME organisations within an agreed geographical area.  

The letter was strong.

His value add proposition was convincing.

We coached him to be thoroughly interview prepared.

The result was a series of interviews with the MD / CEO of medical device companies.  

Proactively helping our clients

We are proactive in our approach, providing a bespoke service, unlike the large career management companies/outplacement organisations which can be ‘sausage machine’ in nature, and relying primarily on on-line career portals and a standardized approach. One size does not fit all.

Ways in which we help our clients

We go the extra mile at Energise for our clients. Ways in which we support them include:

  • Introducing them to relevant contacts in our own networks
  • Encouraging them to adopt a proactive approach to marketing, often in new areas and outside their comfort zone
  • Getting them to think ‘outside of the box’, for example to approach their Professional Institute e.g. ICAEW for possible mentoring
  • Encouraging them to attend industry conferences to broaden/widen their network
  • Sharpening up their technical skills
  • Pointing them to non executive director (NED) membership organisations.
  • Invited them to our local Institute of Director (IoD) group
  • Introducing them to local employers
  • Helping them build up their lists of head-hunters and to learn how to manage these conversations to the best effect

The result

All our clients have now been either placed or are enjoying a new phase of their working life.

Some have been introduced to our Independent Financial Advisor (IFA) contacts for fresh support with financial planning. 

Several have kept in touch.

Our clients have told us that they would not have known what to do without our help, coaching, senior experience and reassurance.

More

‘The 100-year life’ by Lynda Gratton and Andrew J Scott: http://www.100yearlife.com/

‘The new long life’ by Lynda Gratton and Andrew J Scott: https://thenewlonglife.com/

‘Future skills for a life-long competitive advantage part 1’ for the award-winning Future of Work Hub: https://www.futureofworkhub.info/comment/2019/3/22/future-skills-for-a-life-long-competitive-advantage-part-1

‘Future skills for a life-long competitive advantage part 2’ for the award-winning Future of Work Hub: https://www.futureofworkhub.info/comment/2019/6/26/future-skills-for-a-life-long-competitive-advantage-part-2

Filed Under: Portfolio career, Retirement Tagged With: career coaching, career pivot, energise the talent liberation company, finance directors, portfolio career, portfolio careers, rachel brushfield

A portfolio career is like a kaleidoscope

February 4, 2021 By //  by Rachel Brushfield

A portfolio career is like a kaleidoscope.

Because it is made up of different components, e.g. freelance projects, a part time job, a contract, a non-executive director post, and volunteering, you can adjust it when you want to and create new patterns which inspire you.

You can learn new skills, knowledge and create new experiences.

This has a cumulative benefit over time giving you more options and possibilities in future.

You can create different patterns.

What would you like to see for your career?

More

Check out our inspiration page: https://www.inspiringportfoliocareers.com/inspiration/

Contact us to arrange your free 20 minute consultation: https://www.inspiringportfoliocareers.com/contact-us/

Filed Under: Portfolio career Tagged With: careercoaching, careerpivot, portfolio career, portfolio careers, rachel brushfield, the talent liberator

22 tips to create your successful portfolio career

February 4, 2021 By //  by Rachel Brushfield

Creating a successful portfolio career takes thought, reflection, self-awareness and planning.

Here are 22 tips:

  1. Be clear about your career horizon/vision
  2. Learn from those who have one
  3. Get an experienced career coach or mentor
  4. Research market needs
  5. Have self-awareness about your motivations, values, needs, wants and financial security thresholds
  6. Make time to think, plan and reflect
  7. Don’t be afraid to say ‘no’ to the wrong thing
  8. Invest in your skills and knowledge
  9. Make time to market yourself
  10. Define your personal brand
  11. Keep an eye on changing trends
  12. Build a high quality and diverse network
  13. Know what makes you unique
  14. Create and maintain a financial ‘cushion’
  15. Stay ahead of your competitors
  16. Avoid losing time e.g. politicking and gossiping
  17. Have a good support system
  18. Use technology to be expedient
  19. Be open to unexpected and unplanned opportunities
  20. Don’t be afraid to pivot/change your focus
  21. Have a compelling verbal business card
  22. Create case study examples of flagship cases and projects

What tips would you add?

More

Check out our Inspiration page for useful articles and reports: https://www.inspiringportfoliocareers.com/inspiration/

Our blogs share insights and tips on various topics and clients examples: https://www.inspiringportfoliocareers.com/blog/

PS Our web site has a search box to save you time and find what you are looking for. (top left under the e mail address on all web pages)

Why choose us? https://www.inspiringportfoliocareers.com/talent-liberation/

Who are our clients? https://www.inspiringportfoliocareers.com/clients/

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

Who is a portfolio career for? https://www.inspiringportfoliocareers.com/who-has-portfolio-careers/

Why choose a portfolio career? https://www.inspiringportfoliocareers.com/why-portfolio-career/

When is it time for a portfolio career? https://www.inspiringportfoliocareers.com/when/

Client testimonials https://www.inspiringportfoliocareers.com/testimonials/

Filed Under: Portfolio career Tagged With: careerpivot, energise, portfolio career, portfolio careers, the talent liberator

Ready to be ‘put out to grass’? Or not! Part 1 of 2.

February 3, 2021 By //  by Rachel Brushfield

This is a 2-part blog by Peter Wilford about supporting Finance Directors to consider about retiring or not. This is part 1.

The rest of this blog is in Peter’s own words.

Context of this blog

I have worked with a number of Finance Directors, FCA qualified, mostly in their 50’s, who had left their last company, either through redundancy or via a mutual settlement agreement. 

They had been provided with a set number of hours and sessions of dedicated outplacement support, the term for ‘career coaching’ provided by organisations making staff redundant and through a benevolent fund, and I was their chosen career coach.

Initial issues and challenges

In every single case, my clients said that they had no wish to retire from work yet.

Many said that they could retire if they chose with their strong pension portfolios and other investments.

They were all uncertain about their options next after having had long and successful commercial careers.

Exiting corporate life is a major career crossroads.  Working with an experienced career coach is invaluable at this crucial decision point. Especially an experienced one, who has worked with many senior executives.

Lack of awareness of transferable skills.

In almost every case, they had no clear appreciation of:

  • their transferable skills
  • how the job market worked
  • where their options lay within finance
  • and outside finance.

Of course, they hadn’t needed to!

This can be a very daunting experience for people who have always worked in one profession.

You can only know what you know!

They had been siloed and sheltered working in the corporate world for many years and were now thrust into the open, in effect a boat without a captain to steer it, with no route planned and no rudder.

This can create a crisis of confidence and be stressful – venturing into the unknown!

Career options

Becoming a non-executive director (NED) is a common option considered at this point.

Also doing some voluntary or charity work and enjoying a slower pace of life and improved work life balance. A portfolio career can provide a gentle ‘slope’ to retirement, rather than a sudden ‘cliff’ stopping a long working life abruptly, just because they had reached a certain age.

Almost without exception, they all wanted to move on from working with large organisations and away from the ‘corporate treadmill’.

Lack of awareness about their brand and marketability

Few had any real appreciation of their USP (unique selling proposition) i.e. what made them unique in the market place.

Even fewer had clarity about a target organisation that they would like to work with, and how to go about marketing how they could help, or what services they could offer of value.

A common view, perhaps because they had been in the structure of corporate life,

Some had a degree of arrogance mixed with naivety that they would ‘get something soon’. This is not a criticism, just a consequence of having been ‘cushioned’ in corporate life.

Lead time to create a new role

I had to point out to them, that most people will take 18 months on average, to secure their first non-executive director (NED) role.

Also, that if they wanted to do interim/contract work, the key issue in the mind of the interim recruiter would be “has he or she done interim work before?” and that in reality those who had would be on top of the pile of shortlisted candidates.

In the current Covid-19 market in 2021, recruitment lead times are longer, with companies risk-averse about increasing fixed costs. They also have a large pool of high quality candidates from which to choose from.

Interpersonal skills

Interpersonal skills are a pre-requisite for success and are becoming more important with the advent of Artificial Intelligence and automation, predicted to increase massively in the next 5 years.

Many Financial Directors (FDs) and senior Finance professionals are brilliant at numeracy and numbers.

Words and people are, understandably, not their best strength.

Also, whilst they bring commerciality, few are competent at marketing themselves. They have never had to.

Like lawyers, FDs, are qualified and trained to do a specific job, from their early career, and in the past this has not included pitching. 

One or two of my clients have been the exception to this norm and they have invariably secured commercial work more easily, possessing this experience, securing both full and part time roles.

Compelling CV and achievements

Some FD’s had some semblance of a CV, few have though about and been able to articulate strong and compelling achievements.

I had not expected them to know about a Skills CV and where and why they should have it in their ‘marketing tool kit’. All of them quickly saw its benefit, especially when approaching the unadvertised job market.

The beginning of the career coaching journey

Because of the above factors, the starting point of career coaching therefore, is ‘starting from scratch’ and having a conversation about their career and what they had accomplished. 

Pitching themselves

Many FD’s were not used to or skilled at pitching, and many were poor at networking or rusty at it.

This was because they had not needed to do it in their corporate careers, or because they just didn’t have the natural personality and / or the skills to identify and grow their network.

We had to work together on this as we did on giving them a proactive LinkedIn profile.

Part 2 of this 2 part blog ‘Ready to be ‘put out to grass’? Or not! Part 1 of 2.’

More

‘The 100 year life’ by Lynda Gratton and Andrew J Scott: http://www.100yearlife.com/

‘The new long life’ by Lynda Gratton and Andrew J Scott: https://thenewlonglife.com/

Peter Wilford’s LinkedIn profile: https://www.linkedin.com/in/peterwilford/

Client testimonials: https://www.inspiringportfoliocareers.com/testimonials/

Why choose us? https://www.inspiringportfoliocareers.com/talent-liberation/

Blog – How does career coaching work? https://www.inspiringportfoliocareers.com/how-does-career-coaching-work/

Filed Under: Portfolio career, Retirement Tagged With: career coaching, financial director, major career crossroads, portfolio career, retirement

How does career coaching work?

November 28, 2020 By //  by Rachel Brushfield

This blog post shares a detailed example of how career coaching works in practice.

This case study is one of Peter Wilford’s clients, Mark P.

Objective

  • To provide a tailored programme of 1:1 career and executive coaching for a senior employee in his 50’s who was leaving his employer after over 30 years’ service.
  • To explore alternative options including securing employment with another organisation, moving into consultancy or starting up a new business.
  • To build rapport with the client over a period of time and deliver a tailored programme of sessions.

Background

From my experience of working with many people facing similar situations, I was able to spend some initial time with Mark in a “Review and Explore (Taking Stock)” phase during which he completed several documents including a series of profiling tools (personality and psychometrics).

These allowed me to clarify in some detail specifically what he, uniquely, could bring to his next role or work.

From here we discussed the different work and job options open to him.

There were four alternatives and each one required a full analysis and discussion.

Four career options:

  1. Setting up his own business

2. Marketing himself as a specialist consultant

3. Developing a portfolio career

4. Targeting the not for profit / public sector or SME organisations in the private sector.

Each option and strategy needed careful thought and positioning. 

Mark was keen to keep all options open and I coached him in how to do so whilst not losing momentum.

I helped him understand what he would need to do to move forward in each of the agreed options.

How the programme evolved.

During our sessions, it became clear that Mark needed to draw up a formal marketing plan for each option, and a structure to help him keep on track. 

We agreed that we would need to test out the necessary marketing actions and approach required for each option to establish a priority order.

It was important that Mark was comfortable with and could own and drive forward this plan and the actions confidently in the months ahead.

My coaching also revolved around building Mark’s confidence and giving him the tools to use on his own both with, and without my support, once his coaching was complete and we stopped working together.

He needed to have a good CV, to develop a good ‘talk’ about his career and work, and to be able to position himself in the market professionally both on paper and face to face at interview. 

He had to believe in himself and his career strategy.

How did we achieve this?

  • By agreeing a plan of action at the end of each coaching session, by following up on agreed actions and by reviewing these and revising them both at the start of and during our next session.
  • By maintaining momentum so that Mark was able to see progress moving forward.
  • I needed to challenge Mark and he wanted to see me do so in order to build up his confidence in me as his coach.
  • By narrowing down the options as time progressed so that Mark was able to focus his attention on the options that were likely to reap the most benefit.
  • By helping Mark come to terms with his situation and to move forward confidently from employment to a new life and a fresh career, after being made redundant and 30 years working with one employer.

Building confidence and momentum

Mark favoured a structured approach and we needed to develop a good relationship so that he trusted me and knew that my advice and coaching would benefit him. 

We worked in a way that suited him, but I needed to take him out of his comfort zone on several occasions. 

He valued this and it helped to strengthen our working relationship. 

I ensured that Mark saw real progress through regular reviews and email / telephone conversations in between our sessions

Challenges that we faced

A challenging jobs market. Slowness in the job market.  I coached Mark to learn how to persevere and overcome the slowness of the market with confidence.

Networking. Mark was not a natural networker and had been cautious about the value of networking and using LinkedIn. 

Social media. Like many clients initially, social media was quite alien to him. We had a session on this so that he bought into its value as part of his marketing activity.

Developing progress on his career journey

Gaining quick momentum gave Mark greater confidence in his marketability and him as a person.

He started to see things in a different light to what he had experienced in corporate life.  

We measured success by delivery against actions and making progress towards the agreed plan.

We also measured it by the number of new conversations that he started to have, both through new network contacts and from more established routes.

I saw Mark’s confidence grow in how he viewed and progressed the option to set up his own business and develop a portfolio career as opposed to going into another PAYE role.

What were the results?

Mark has set up his own business and picked up some initial retained consultancy work and this has been very motivational for him. 

He now has a portfolio career in place.

It has also helped him to recognise that this was the best way forward for him and that he has an offering that people want to buy. 

Also that he is able to make the transition to self-employment and run his own business.

Mark has become confident in managing his career by himself with me as a mentor as well as a coach. 

He has driven his own career being self-employed with myself as more of a ‘back stop’.  A career coach is like a pair of armbands, essential but then not needed anymore, as the client has learned to swim.

Phase two has worked well and he is now developing a successful business.

He is also developing, with a partner, an interesting and potentially lucrative project for regional businesses. 

He is working through the business plan and financials.  

He is also in contact with a multinational retailer who is interested in the programme.

Client testimonial

“Following my redundancy last year, Peter worked with me to assess my situation and help me consider the options open to me. Throughout this process he was unflagging in his enthusiasm, support, and encouragement. His approach was excellent – he listened sensitively to me as well as challenged and motivated me to make progress. He helped at a practical level too by, for example, drafting of a new C.V. for me. Peter’s professionalism backed up by his extensive knowledge, sources of information and a range of practical tools enabled me to explore options that I would never have thought of and ultimately helped me to decide on my new career path. Peter has been both a mentor and ‘critical friend’ and I have greatly valued his support. He was also fun to work with at a time that was fairly testing for me, which was a real bonus. I hope we can keep in touch!”   Mark W.

What next?

Why choose a portfolio career? https://www.inspiringportfoliocareers.com/why-portfolio-career/

Who is a portfolio career for? https://www.inspiringportfoliocareers.com/who-has-portfolio-careers/

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

When is it time for a portfolio career?https://www.inspiringportfoliocareers.com/when/

Curious about how career coaching could help you at your career crossroads?

Get in touch to arrange your free 20 minute meeting: https://www.inspiringportfoliocareers.com/contact-us/

Filed Under: Career change, Portfolio career Tagged With: career pivot, career transition, energise -the talent liberation company, portfolio career, redundancy

Start a portfolio career – tips

November 15, 2020 By //  by Rachel Brushfield

There are 3 key stages to launching your own successful portfolio career:

Stage 1: Re-evaluating your career

Stage 2: Marketing your portfolio career

Stage 3: Managing your portfolio career

Stage 1: Re-evaluating your career

Deep self-reflection is common and very useful, if not essential, before starting your portfolio career, in order to ensure efficiency, maximum success, minimum stress, and a bespoke work-life blend to fit you exactly.

Many life and work events create a career or life crossroads – a catalyst for a need to re-evaluate and a desire to make a positive change. These include; not achieving a promotion or pay rise, having a baby, divorce, returning to work after having children, a stress tipping point, moving locations/countries for a partner’s job, redundancy or a bereavement.

Stage 2: Marketing your portfolio career

Research by Executive Appointments shows that the most important elements for success are networking and self-marketing. Yet in their study, 32% of professionals worry about finding suitable roles and 21% worry about the constant need to network.

We help many of our clients to market themselves. Women naturally feel uncomfortable marketing themselves, which is partly why a low proportion of women achieve senior positions or enjoy the same rewards as their male peers, with the result that many women opt out and choose self-employment.

We help our clients to find self-marketing strategies that work and are time and cost-efficient. We have run many events and written articles in this area and, as seasoned networkers, we can support you in many ways. 

Stage 3: Managing your portfolio career

Multiple work strands means more things to juggle, so it is essential to be organised and have good systems and processes in order to be efficient and look professional.

We have perfected our own self-management over the last 20 years so can share shortcuts and tips to help, including time-saving technology, templates and tools, and using a virtual PA. 

Energise approach

We support our clients with all three key stages to help them to create, market and manage their portfolio career.

Benefits of our approach and experience

There are many benefits for you from working with Energise:

·               our personal experience of having and evolving a portfolio career over 20 years, including freelance, interim contracts and retainer work;

·               up-to-date knowledge of work trends, what skills are in demand and what qualities and competencies employers are looking for;

·               a deep understanding of in-demand skills and competencies and where and how these are transferable and useful;

·               extensive high-quality networks to introduce you to useful people to help you find out about options and understand what’s involved;

·               extensive experience of helping professionals and executives to market themselves, overcome blocks and use social media expediently;

·               the Energise team members’ experience of successfully evolving their own career directions and evolving their own portfolio careers over time. 

Peter Wilford https://www.linkedin.com/in/peterwilford/
Rachel Brushfield https://www.linkedin.com/in/energiseliberateyourtalent/

A portfolio career enables you to liberate more of your talents.

Many people when working in one job feel frustrated that not more of their skills, knowledge were being utilized. This is why we love the image of a butterfly and use this image on our Inspiring Portfolio Careers web site.

Get in touch to arrange your free 20 minute consultation: https://www.inspiringportfoliocareers.com/contact-us/

Filed Under: Portfolio career, Second careers

Pros and cons of a portfolio career

November 15, 2020 By //  by Rachel Brushfield

A portfolio career has many positives, especially if you find the hierarchical nature of working in a corporate frustrating and limiting, or are a creative person with multiple interests and pursuits.

There are some cons to a portfolio career, but these can be managed and the risks mitigated with careful planning. 

Research shows the top four things that people look for in work: 

1.    Freedom and flexibility (79%)

2.    Using my talents to the full (54%)

3.    Meaningful work (44%)

4.    Control (37%)

The main reason to become self-employed:

1.   To have more freedom (55%)

2.   To be creative and make the most of a good idea (30%)

3.        To escape a bad workplace (15%)

Pros of a portfolio career

  • Freedom
  • Autonomy
  • Fulfilment
  • Flexibility
  • Choice and control
  • Safety net to spread risk
  • Work-life balance
  • Build skills & marketability
  • Follow multiple passions
  • Evolve and edit to suit
  • Time to study and travel
  • Politics & hierarchy free
  • Self discovery, learning & growth
  • Safely explore self employment
  • Variety and stimulating challenges
  • Scheduling to suit your needs & family

Cons of a portfolio career

  • Financial uncertainty
  • Disciplined self-management needed
  • Unpredictable work
  • More things to juggle
  • Must monitor changing trends
  • Need to market yourself
  • Regular networking essential
  • Fund own holidays
  • Fund own benefits eg pension
  • Fast learning curve
  • Personal change can have an impact
  • Can be hard to switch off
  • Possible loneliness & isolation
  • Reduced employment rights
  • Responsibility for own decisions
  • Need a distinctive personal brand

Get in touch for your free 20 minute consultation to find out if a portfolio career is for you: https://www.inspiringportfoliocareers.com/contact-us/

What is Energise founder Rachel Brushfield’s portfolio career consist of? https://www.linkedin.com/in/energiseliberateyourtalent/

Filed Under: Portfolio career, Second careers

What does portfolio career mean?

November 15, 2020 By //  by Rachel Brushfield

There are a number of different definitions of a portfolio career. The government (HMRC) defines self-employment as: “when an individual can decide how, when and where they work”.

Other definitions include: a work pattern of several employments followed simultaneously and an employment pattern that involves working part-time or several different jobs or freelance projects at any one time, rather than a succession of single full-time jobs.

The impact of Covid-19

Covid-19 has caused many redundancies, increased the number of people becoming self-employed because they cannot get a job in shrinking sectors and also reduced the number of freelance projects available with increased the competition for them.

Companies are focusing on ‘must do’ projects with on-going uncertainty, not ‘nice to have’ projects, and sticking to existing trusted providers. There is also downward pressure on pricing/day rates – supply and demand.

All these factors are increasing the number of people open to a portfolio career to spread the risk of having all your career ‘eggs in one basket’.

Types of people for whom the variety, challenge, flexibility and fulfilment of a portfolio career appeals

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 corporates stifling.

Young workers (Millennials) 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.

People 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.

Employees 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.

What appeals to you about having a portfolio career?

More

Why choose a portfolio career? https://www.inspiringportfoliocareers.com/why-portfolio-career/

Who is a portfolio career for?https://www.inspiringportfoliocareers.com/who-has-portfolio-careers/

When is it time for a portfolio a career?https://www.inspiringportfoliocareers.com/when/

To receive a free Energise report Discover Portfolio Careers, get in touch: https://www.inspiringportfoliocareers.com/contact-us/

Filed Under: Portfolio career, Second careers

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