Introduction
In last month’s article we talked about non-clinical roles and how to plan for your transition. This month, we look at the next step to discuss portfolio careers. While portfolio careers have been around for many years in different industries, technology advancements these days mean you have so many more options to choose from.
Firstly, understanding what a portfolio career is will help you understand whether it’s something you want to pursue. My favourite definition comes from Caroline Castrillon, Forbes:
”A working style where you combine multiple streams of income creating a mix of full- or part-time employment.”
Have you ever wondered if you can, in fact, mix a clinical role with something totally unrelated? The good news is you can. And you can build a portfolio career at any stage of your life. There’s no need to wait until you’ve had a clinical role for many years.
Portfolio careers are a great alternative to the standard career path and can provide better life balance, which make them very rewarding and fulfilling. Not everyone is interested in moving away from a full-time job, and that’s perfectly fine. If you are interested, then read on for ideas on why building a portfolio career can be very appealing.
Why you should consider multiple streams of income
If you’re wondering what’s next in your career, then a portfolio career could be just what you need. Imagine working part time and removing the dependence on one income. No longer locked into a full-time role and now having time to pursue your passions. How would you feel? Energised, motivated and excited about the work and impact you’re having.
There are some key benefits of building a portfolio career:
· Flexible working days and hours
· Help more people and make a bigger difference in the community
· Pursue your passion while still earning money
· Control what you want to achieve and how you will achieve it
· No more reliance on one income and the pressures that come with a full-time job
· Multiple streams of income to choose from – not limited
· Opportunities to explore your passions
· Control your career trajectory
· Variety in your work
So, where do you start? Firstly, make sure you plan the transition to additional roles. It’s important that you are clear on the time you want to allocate to each role, and when you will NOT be working. Secondly, understand what your passions are and what you want to spend your time on. Thirdly, do your research. Find out what potential opportunities are available.
For instance, if you are into AI, then look for opportunities involving AI software. Don’t limit it to the medical field – look into other industries that may have interesting part-time roles.
Here are some options to get you thinking:
· Technology – you can see potential for AI to make a real difference in your area of expertise or passion
· Digital health – developing software or applications
· Investment portfolio – real estate, shares, medical practices
· Improvements in medical procedures
· Remote clinical roles
· Non-executive director roles on a board
· Executive or manager role in a non-medical organisation
· Teach at university – paid jobs at universities
· Community roles – volunteer, unpaid
· Pursue a hobby – unrelated to the medical profession
What other roles are you interested in?
People making a bigger impact
Douglas Randell wanted to do more. As a Medical Director, he was responsible for clinical leadership, clinical service provision and clinical governance obligations yet, he wanted to do more.
After working with me to clarify his goals and approach to apply for new roles, he has been successful in moving to more senior medical advisory roles that allow him to make a greater impact.
Douglas Randell – Medical Director, Deputy Chief Medical Officer, Consultant, Specialist
Anita, I still remember the confidence you gave me when I was thinking of transitioning from clinical work to medical administration. It has been an important step that has enabled much opportunity and wider impact. Thanks for the great work you do.
Launching your portfolio career
Are you ready to move ahead with building a portfolio career and pursue other roles? There’s no time like now. Remember to do the research and have a detailed plan so you can ensure a smooth launch and transition.
If you need help with the research and planning, contact me at [email protected]
