If there’s any time that I consider ideal in order to focus on business and personal brand development, then it would have to be the summer. Why is that? With so many people taking holidays during this period and work becoming slower, I have the time to reflect on the past year’s progress and plan for the year ahead.
Taking the time to completely switch off and do nothing is as essential to your career’s success as is dedicating time to its growth.
I devote days to doing absolutely nothing, and allow my brain to unwind. Nevertheless, I also ensure to dedicate some time for my career’s development for it to skyrocket when the busy period kicks in in the fall.
Here are five areas you should focus on this summer to give your career a boost in the autumn.
Update your personal brand
Let’s face it, the first place people will look to find more information about you and what you do will be online. Google yourself and find out what the search results yield. What is the first impression that people will have about you?
As a person who works a lot with creatives, the first place I look to find out more information about someone is their personal website/portfolio. Your personal website or portfolio should include your biography, photo and links to any press coverage about you or your latest work. If you are a writer, it should include links to your articles and if you are an artist it should include samples of your work. They should also be categorised accordingly. The more work you have, the better.
You can also dedicate the summer time to establish yourself as a thought leader. Provide online courses, publish your own blog and contribute to your local media.
Develop your leadership skills
My schedule is hectic throughout the year. Summer is the time where I can dedicate more time to online courses and develop my leadership skills. The Covid-19 pandemic shifted the way we work, learn and develop. There’s more emphasis on digital skills and there’s no time like the present to ensure that you are ahead of the learning curve.
Are you up to speed with the latest trends in technology? Even if you don’t work directly in the field, technology and the digital sphere impact many areas of our lives and will help you build a diverse set of skills that will make you appealing to employers. It may even inspire ideas for your business. Many of these online courses are available at competitive rates online from top universities and institutions. These allow you to learn at your own pace.
Give back to the community
Consumers appreciate businesses that help their local community. How have you or your business been helping yours? You can dedicate the summer to volunteer at your local hospital, vaccination drive or help raise awareness about a cause. You can also utilise the team to integrate social responsibility in your business model and plan your targets for the year ahead.
Plan ahead
While many people prefer to keep planning and their annual review until the end of the year, I prefer to get a head start in the summer. Dedicate the summer to review your inventory and other time-consuming tasks. Plan for the year ahead, setting out your goals for the next year. What should you be doing now to help you reach your targets faster?
Network and build relationships
Summer is a perfect time to meet people outside work and build relationships. Don’t limit yourself to work-related networking events only. Join a sports club, online casual groups or ask your friends to introduce you to their friends. The more people you meet, the more opportunities will emerge.
Enjoy your summer holiday and dedicate the extra time you have to work on areas that will help you come back stronger in the autumn and ready to take your career to new heights.
Manar Al Hinai is an award-winning Emirati journalist and entrepreneur, who manages her marketing and communications company in Abu Dhabi
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt
Date started: January 2017, app launched November 2017
Based: Dubai, UAE
Sector: Private/Retail/Leisure
Number of Employees: 18 employees, including full-time and flexible workers
Funding stage and size: Seed round completed Q4 2019 - $1m raised
Funders: Oman Technology Fund, 500 Startups, Vision Ventures, Seedstars, Mindshift Capital, Delta Partners Ventures, with support from the OQAL Angel Investor Network and UAE Business Angels
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5