The rise of the “gig economy” has prompted much soul-searching about the future of the economy. But portfolio careers aren’t only for stay-at-home parents looking to freelance a few hours a day while their kids are in school or grad students moonlighting as Uber drivers and Task Rabbits. Even senior executives who want to stay in their corporate jobs should strongly consider developing at least one side income stream, whether it’s consulting, speaking, coaching, or creating some other product or service. Here are five reasons it can make a dramatic difference for your career.
Even Senior Executives Need a Side Hustle
As various forms of freelance work become more and more popular, even senior executives are beginning to consider opportunities for additional income streams. In this piece, the author describes five key benefits of a side hustle: First, no matter how professionally established you are, it’s never a bad idea to hedge against uncertainty. Second, a freelance gig can be a great way to acquire useful new skills. Third, it can help you to develop your network. Fourth, it can be an opportunity to enhance your personal brand. Finally, the extra source of income doesn’t hurt. You never know what the future may bring — and even if you stay in your current job for the rest of your career, a bit of entrepreneurial experience can teach you essential skills that will make you all the more valuable and effective at your full-time job.