Dianne Bown-Wilson

About the author

Freelance Advice: Portfolio Working and how to go about it

 Freelance Advice: Portfolio Working and how to go about it

In part one of this series consultant, coach and trainer Dianne Bown-Wilson explored the advantages of portfolio working. Today she helps us identify the tools we’ll need to put it into practice.

Portfolio career: How to

Designing a Portfolio Career comes down to achieving an appropriate and desirable balance in your life between need and want. Ultimately it comes down to excellent time management, but first of all you have to consider the bigger picture.

To do this you need to take some time out to think through what your life would be like if you successfully developed an ongoing Portfolio Career. What would it feel like? What would be the benefits – to you and others? Would there be any drawbacks – if so, how might you overcome them?

Read on for Dianne’s tips on designing your perfect work/life balance…

Identifying your toolkit

Next you need to focus on what your career might look like which involves analysing your current situation.

What skills, talents and experience do you have? When answering this don’t just think about the job you’ve had for the last twenty years. Think about the core skills that were involved and those you may have acquired from outside the work environment, perhaps through your hobbies and interests.

You may have marketing skills, communication skills, engineering skills, knowledge of how local government or banks operate. All of these could be of immense value in totally new environments such as education, charity work or consultancy.

What opportunities are there to develop and utilise those skills? If you don’t know, now is the time to make it your mission to find out.

Designing your perfect life

Your life, like everyone else’s, comprises 52 weeks a year, seven days a week, morning noon and night.  You could probably work in an office or other company building, visit customers and/or work from home. You have massive flexibility. Hold on to it and use it. Plan your whole life accordingly.

Do you like to work first thing in the morning, last thing at night, or at the weekends? When do you want to take your holidays? Do you want to use the daylight to garden or play tennis? Do you have to be at home because of an ageing relative, or to look after grandchildren?  With portfolio working all of these can be accommodated.

To create the ideal ‘Portfolio’ start by dividing up your week (all seven days) into the time you want to spend on each of the following areas:

  • Paid work or employment
  • Voluntary work
  • Personal development
  • Hobbies/interests
  • Maintenance activities (shopping, cleaning)
  • Other commitments
Now run a reality check (and this make take some time to do) – how does this stack up against what other people need? If you find the gulf is too wide you may have to make some changes to your plan but you may also be surprised at how much flexibility you are able to retain.

Putting it into practice

The reason why people may want to employ you is because you have something to offer them that they don’t need or can’t afford on a full-time basis. You have the luxury of a set of skills that you are comfortable with and can use in differing environments – consultancy one minute, lecturing the next, school governor the next and preservation society or golf club committee after that. It’s down to you to sell those skills.

The biggest pitfall to avoid is rushing from task to task stretching yourself to the limit and having to grasp new ideas in totally disparate activities. But if you’ve thought things through, ease yourself in gradually, and don’t expect perfection  the sum total can be a hugely rewarding and fulfilling lifestyle that you can adapt and fine-tune as your financial requirements, interests and energy levels dictate.

By Dianne Bown-Wilson – consultant, coach, trainer and writer

 

Image by Sam_BB
Be Sociable, Share!
  • more Freelance Advice: Portfolio Working and how to go about it

  • http://kendallcopywriting.co.uk/ Leif Kendall

    What is a Portfolio career? Or Portfolio working? I’ve not heard those terms before.

  • http://kendallcopywriting.co.uk Leif Kendall

    What is a Portfolio career? Or Portfolio working? I’ve not heard those terms before.

  • http://www.freelanceadvisor.co.uk/contributors/michael-rose/ Michael Rose

    Diane defines it in the previous piece as “a portfolio career [...] is one in which you spread your skills, talents and time over a number of different areas – some of which, like freelancing, may earn you money, and some – for whatever reason – you may do for free”.

    Or you could say, “putting your eggs in many baskets” I guess.

  • http://www.freelanceadvisor.co.uk/contributors/michael-rose/ Michael Rose

    Diane defines it in the previous piece as “a portfolio career [...] is one in which you spread your skills, talents and time over a number of different areas – some of which, like freelancing, may earn you money, and some – for whatever reason – you may do for free”.

    Or you could say, “putting your eggs in many baskets” I guess.