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A Portrait Of A Portfolio Career: An Answer To The Perfect Job?

Aug 17, 2007
A Portfolio career is a relatively new terminology in the corporate arena. However, many people have been practicing it for quite a while now. A portfolio career is a combination of several work profiles such as contract work, general employment and home business. People, who are unable to make ends meet even with full time employment, or those who lack job satisfaction in their existing occupation, are generally on the lookout for other opportunities that can gratify their requirements. Usually, such people have one full time job profile and apply elsewhere on either a part time basis or establish a home based business. This not only gives them extra earnings, but also gives them the opportunity to use their talents and be more resourceful.

The general state of unemployment and people being pink-slipped has given a push to portfolio careers. Depending upon individual skills and interests, they can choose to employ themselves either part-time or on contract basis. The traditional notion that a full time job provides job security, which lasts an entire lifetime, no longer exists. With increasing globalization and technological advancement, there is a rapid decrease in the requirement for human resources since machines carry out most of the mechanical tasks. Today, personnel are hired on project basis, instead of the conventional long haul method. This is done because the company hiring the employee wants to save on its costs.

To Find The Appropriate Portfolio Career

To know exactly what it is that you would be interested in, it is important to weigh your preferences according to the following:

-Make an analysis of the kind of work you enjoy doing; for example, managing people?s wealth and funds or interacting with people or any other preference.
-Study the work that you have done so far and scrutinize the skills you have had to use while doing that job. Take care to list the innovations you applied on your earlier job. This will bring you closer to your job of finding the correct portfolio career.
-List the other sectors and job profiles in which you have a better chance of implementing your originality. Take closer look at those hobbies and interests, which have the potential of becoming income generators.
-If your friends are also interested in a portfolio career, you could get together and come up with suggestions of revenue generating work options.
-If you are planning to do more than one job at a time, make sure that at least one of them is a 'no-brainer' kind, so that both of them are easy to manage. However, if you are confident about handling two difficult job profiles at a time, you can just go ahead.

Qualities Required For A Portfolio Career

Individuals with skills such as adaptability, or are self-starters, able to shoulder risk tolerance, undertake multi-tasking and the capability of working under pressure, are right for portfolio careers. People who have the will to adjust, and are prepared to re-schedule their work calendars, are ideal candidates for this kind of work. Single women and mothers especially are known to handle several things at a time and as a result, the portfolio career scenario proves ideal for them. For a portfolio career it is important to have ample time on your hands, otherwise it would not be possible to do more than one job in a day.

Those who want to try their hand at portfolio careers are advised to first develop a skill that is in demand or which suits some sector of the industry. If people are not able to handle a full time job and other part time ventures together, yet want to get involved in a portfolio career, have the option of undertaking several part time ventures.
About the Author
Tony Jacowski is a quality analyst for The MBA Journal. Aveta Solution's Six Sigma Online offers online six sigma training and certification classes for lean six sigma, black belts, green belts, and yellow belts.
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