You may already know that a portfolio is a collection of one’s best work used during job applications or interviews to showcase skills, accomplishments, and qualifications.

But have you heard of a portfolio career?

According to Eunice Victoria, a career coach, a portfolio career is when a person engages in multiple work activities at the same time.

This could mean juggling freelance projects, part-time jobs, consulting roles, and even entrepreneurial ventures instead of sticking to the more traditional full-time, single-job approach.

“These roles are often driven by passion and personal interests,” Victoria says. “Many people discover they are talented in different areas and enjoy doing multiple things. A portfolio career suits such individuals, especially those who are multi-passionate. All these different roles can be compiled into one career portfolio.”

In the past, having a portfolio career was sometimes viewed negatively. People feared it made them seem scattered or indecisive.

But as the job market evolves and becomes more flexible, this mind-set is changing. Today, more employers value the diverse skills and experiences that portfolio professionals bring, whether in white-collar roles or blue-collar trades.

“There’s no space where a portfolio career doesn’t fit,” says Victoria. “In fact, in today’s world, no one should say they’re unemployed. There are always opportunities to earn and grow in multiple areas.”

One major advantage of having a portfolio career is financial diversity. Multiple income streams provide greater stability. If one source dries up, others can fill the gap. This is especially useful during uncertain economic times.

Another benefit is the ability to develop a wide range of skills. By working across various industries, individuals can gain new abilities and strengthen existing ones. This makes them more adaptable and more appealing to potential employers or clients.

Victoria also emphasizes the flexibility that comes with a portfolio career. Unlike a rigid 9-to-5 job, portfolio workers can choose projects that excite them, set their own schedules, and enjoy a better work-life balance. This freedom often leads to higher job satisfaction.

Working in different fields also opens up networking opportunities. A broader range of contacts can lead to new job leads, collaborations, and mentorships that wouldn’t be possible in a single job setting.

So, how does one go about launching their career portfolio, you may ask?

First, Victoria advises that for this to happen, one needs to decide if a portfolio career is right for you. Know your “why.” Having a clear purpose helps you map out your long-term career path and stay motivated.

Next, find your niche and be unique. “You’re not the only one with a portfolio career,” she says. “So why should someone hire you? What specific skills or experiences set you apart? Make your value clear.”

Networking is also crucial. Use your experience, whether from employed or unemployed periods, to build a “portfolio network” of people who can help you find work, share advice, or connect you to opportunities.

Despite the appeal, a portfolio career has its downsides. Income may not be consistent, and benefits like health insurance or retirement plans aren’t usually included- you’ll need to organize those yourself, which can be costly and complicated.

Reputation management is another concern. A simple mistake in one role could harm your overall professional image.

Plus, finding mentors may be harder since you’re not embedded in a single workplace culture.

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