Bhumi recently sat down to talk about Portfolio Careers with Steve Preston, author of the book ‘Portfolio Careers’ and Jo Lockwood of See Change Happen. You can watch the full video of this discussion at the bottom of this article.
Jo believes that you cannot expect to live your portfolio career without investing in yourself and your skills. By doing this and becoming good at what you do, you can make yourself respectfully good value for money, i.e. start doing fewer hours but being able to charge a higher consultancy rate for those hours.
The ability to be able to always say YES
Jo says it is about being opportunistic, saying ‘yes as your default.’ To be able to do this you need to have time in your diary and life to be able to take new opportunities that present themselves. They may take you off in an unexpected direction.
Steve believes there is not just one way to look at setting up a portfolio career and it is about being flexible with your situation. This depends on people’s financial and personal circumstances and their mindset. People wanting to start out often need an ‘anchor income.’ This is something that will fund the work that they want/enjoy doing. In some cases, they end up doing either a full or part-time role in addition to the work that they enjoy on the side.
Jo states that a good way to do this is to push yourself out of your comfort zone. By potentially giving yourself an extra day/hour(s) to grow the business/work that you enjoy. Stretching yourself and setting tangible goals often yields great results.
To Steve, the key thing with a portfolio career is variety, freedom and choice.
Both Steve and Jo say they have felt ‘judged’ by other people, who cannot understand the lack of structure or rules within their jobs. Portfolio careers often evolve and people end up specialising in something unexpected, a skill that they learnt within one of their different roles.
Advice for starting a portfolio career
Jo’s advice for anyone looking to start a portfolio career is to try and get yourself on a stable footing. If you can’t afford to risk your income then think carefully before starting. You need to give yourself a few months buffer to work on the pipeline, be paid etc.
Steve’s advice is to not try and do too many things at the outset. Work on your anchor income and one other and then introduce new strands as opportunities arise.
Are you thinking about a portfolio career and looking for tips, advice and more information on the challenges of an interim/freelance career? Then you should watch this video.Bhumika Zhaveri sat down with Steve Preston The Career Catalyst, author of the book ‘Portfolio Careers’ and Jo Lockwood of SEE Change Happen – Equality, Diversity & Inclusion, founder of Truinclusion and someone living the dream of a portfolio career, to discuss this very topic. Watch the discussion now.
Posted by InteriMarket on Friday, September 6, 2019