Embracing the Portfolio lifestyle

June 27th, 2010

Since Charles Handy first defined the future of work in terms of a ‘portfolio’ of activities, mothers and seniors have been the first to find themselves on this new career path – they haven’t had a great deal of choice as the workplace remains less than family-friendly and people over 50 find themselves squeezed out, astonished to find that the workplace eschews their expensive expertise in preference for younger, more malleable minds.

But many have yet to recognise the concept and embrace the lifestyle.

Corporate women, having children later in life, typically stress themselves for the first four or five years of motherhood then cave in under the unremittingly unpredictable demands of their new responsibilities, try to solve the problem by working from home but end up leading very fragmented lives.

Seniors meantime struggle to get back into a traditional career through traditional means, not realising that the goalposts have moved since they found their last job.  Or they hope and expect that recruitment agencies will appreciate and market their talents.  The reality is employment consultants earn their commissions by finding and filling job vacancies with the easy ‘sell’ – which, as one television documentary famously demonstrated by comparing a father and daughter applying for the same jobs, usually means the young, attractive and promising.

Young people, too, are still given traditional careers advice, with no guidance on how to develop the inner resources to cope with the inevitable and numbing knock-backs.  They look for traditional jobs in a shrinking market, lose confidence and heart, then sink into apathy and depression, which makes it even harder to get that first foot on the ladder.

And then came the Recession.  Companies dropped staff by the dozen and then the hundred.  We know that there are no longer ‘jobs for life’ with a sad, solitary fobwatch or carriage clock to celebrate 50 years in the same company; my father didn’t even get to celebrate with the pension he had paid for all his life, thanks to Robert Maxwell.  But post-recession (or is it still a faux-post-recession?), workplace opportunities to replace the lost jobs are still few and far between, especially those offering salaries to match aspirational 21st century lifestyles.

Thus, even the mainstream  mid-career professional is being forced to rethink direction and lifestyle.

I hope they’ll alight here and discover the joys of Portfolio working.  And join the women who are already treading the path.

Discover and uncover with us how to make Portfolio working work, how to create and manage a portfolio of interests without resorting to the stresses of  ‘juggling’ (with the potential for dropping the ball!) and how to present a portfolio career in a way which acknowledges choice and commands respect.

If you’d like to be kept informed of progress on this website, the first to know when we have more content, the first to be invited to join our forums and the first to be asked to contribute your own ideas and stories, please LET ME KNOW of your interest by entering your email in the box (or send me an email : portfoliowomen at gmail dot com)

[easy_sign_up title="Join the Portfolio Women mailing list"]

Get a Life, Not a Job

July 4th, 2010

In her book ‘Get a Life, Not a Job: Do What You Love and Let Your Talents Work for You’ Paula Caligulari argues that a diversified portfolio of career pursuits makes more sense than relying on one employer for all of your income.


Caligiuri practice what she preaches. She’s a work psychologist, professor at Rutgers University, a speaker and career coach. She suggests that people can gain more fulfillment, greater work-life balance and real financial freedom by pursuing “multiple career acts” instead of the traditional single career.

Her book outlines four approaches for adding ‘career acts’:

1. Leverage expertise or talents.

Do you have a skill or ability that others would pay for? Can you design simple websites? Have you successfully navigated the financial-aid maze for your own children and can help other parents through the process?

2. Expand a hobby, interest or passion.

What do you do for free that could generate income? A love of cooking could turn into catering gigs, for example (be sure to get the appropriate licenses, of course).

3. Pursue an occupation.

Can the services you provide to your employer be provided to others as well? A physical therapist in a hospital might offer these services to individuals, or to sports teams.

4. Generate sources of passive income.

There’s no such thing as a free lunch, but there may be products or services you provide that don’t require your active involvement day-to-day. Caligiuri gives an example of rental properties.

Not all of these will work for everybody, but ‘Get a Life, Not a Job’ is filled with exercises and assessments to help you become more aware of your talents and your options. Don’t wait to start diversifying your career until it’s too late.

This article is an extract from Why Career Monogamy might not be such a Good Thing and was written by Liz Lynch who is also author of Smart Networking: Attract a Following In Person and Online, founder of http://www.SmartNetworking.com, and co-creator of the Job Search Marketing Blueprint system.

[easy_sign_up title="Join the Portfolio Women mailing list"]

Opinion piece – Paula Caligulari

July 4th, 2010

Why three jobs are better than one

Paula Caligiuri‘s article appears on the CNN website and can also be found on CareerBuilder.com

Just as the riskiest financial investment strategy is to have all of your money in one place, the riskiest career management strategy is to have all of your income from one organization unless you are in a critical role and have skills that are difficult to find in the labor market.

To enjoy job security and professional fulfillment in this new employment reality, you should have a “portfolio career” that includes multiple and simultaneous income streams or “career acts.”

Career acts can include an eBay business, part-time job, profitable hobby, nonexecutive board seat, franchise, authored book, affiliate links on your blog, weekend jazz trio, etc.

Here are 10 tips for managing career acts in a portfolio career…continued off-site

If you’d like to be kept up to date as we add more content to the site
[easy_sign_up title="Join the Portfolio Women mailing list here"]

Opinion piece – Melany Bendix

July 4th, 2010

Melany Bendix writing in Cosmopolitan Magazine, July 2009

Living under the threat of job cuts in these financially troubled times is no fun for anybody.  While it is the bleak reality for many of us, the good news is you don’t have to sit around wondering what you’ll do if the axe does fall.  You have options and one of them is to protect yourself from an uncertain job market by becoming a “portfolio woman”, a woman with varied sources of income…continued off-site

If you’d like to be kept up to date as we add more content to the site…
[easy_sign_up title="Join the Portfolio Women mailing list here"]

Opinion piece – Mary Ann Sieghart

July 4th, 2010

Mary Ann Sieghart writing on the Rise of the Portfolio Woman

London Evening Standard (20th october 2008)

It used to be so easy.  When people asked me what I did, I simply said I was a columnist on The Times. These days, I’m a bit stumped. Do I say “radio presenter” or “writer” or “non-executive director” or “internet entrepreneur”? There is only one phrase that sums it all up: “portfolio woman”.

And I am by no means alone. Increasing numbers of women my age have given up working full-time for one employer to lead a life that is more varied and more flexible.

While men wait until their late fifties to diversify, women are as likely to do it in their late forties, so they can guide their secondary school-aged children through the rigours of public exams and romantic entanglements…continued off-site

If you’d like to be kept up to date as we add more content to the site
[easy_sign_up title="Join the Portfolio Women mailing list here"]