Eliminate negativity to achieve success



A wise once man told me: “As you’re expanding your business, surround yourself with like-minded individuals.” So does he mean we need to surround ourselves with entrepreneurs only? Or should we only be around people who own or operate businesses?

While that is always a great idea, what he really meant was that I should be around people with a positive vibe, who share the same mindset, are encouraging, have a similar vision; people who would not put me down. They do not necessarily need to be running a business.

When I first started my writing career, I wrote an article on women and employment that received a lot of positive feedback, and I was ecstatic when a CNN anchor contacted me on Twitter and said she had enjoyed reading my piece.

I was over the moon and called a friend to tell her the news. She did not react as I had hoped. Instead, she said that writing was so easy that anyone could do it if they had the time, and that I should not feel that special about it.

I was silent and got off the phone quickly; I felt upset because I assumed my friend would be happy for me. But instead she ruined my mood for the day, and made me reevaluate our friendship.

On the other hand, my mentor does the complete opposite. When I go to him with an idea that I want to pursue, he provides me with full support, always telling me that if I feel passionate about an idea, then it will be successful. His feedback is informative and his criticism constructive.

When I compare my friend to my mentor, I realise the effect one person can have on someone’s path in life. They can either serve as a catalyst and a positive agent on a journey to success, or they can pull you down if you let them.

Those we are in constant contact with can have a major influence on our lives, our emotional states, and the way we run our businesses.

When you are at the start-up phase or even later in the business cycle, they will always offer feedback on what you should call your business, where you should operate, and who your target audience should be.

The renowned American businessmen Jim Rohn once said: “You’re the average of the five people you spend most of your time with.”

On your path to building your business, your legacy, you need people around you whether they are family members, friends, mentors or co-workers who will challenge you and make you better at what you do. Many entrepreneurs strive to be the smartest people in the room, and the best among their peers, but that can be destructive. You want to be around people who have done greater things, that challenge you to achieve more. You want to be around people that inspire you, people you could learn from, people who will always help you grow.

I have to tell you it is not an easy exercise to evaluate those closest to you. You may even feel that you are judgmental. However, you need to appreciate the importance their influence has on your performance and growth. At the start-up phase you have so much at stake. You need to have the right push and not let this issue go unaddressed.

If someone is putting you down, reduce his or her involvement in that aspect of your life. You do not need to cut them off, but do not involve them in your business or decision-making process.

If you want to achieve more success, a good place to start is to see who is influencing your life right now? Look at who you are spending most of your time with and whether they are helping you or are hindering you from achieving your dreams.

I began this process a few years ago, and I realised that my surrounding environment is just as important as the dream I want to achieve.

There is an old saying that goes: “It is hard to soar like an eagle, if you are surrounded by a bunch of turkeys”. If we aspire to reach new levels of success, some changes need to be made.

Manar Al Hinai is an award-winning Emirati writer based in Abu Dhabi. Follow her on Twitter: @manar_alhinai

Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.

A semen analysis of the father showed abnormal sperm so the couple required IVF.

Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.

A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.

On day three of the process, 14 embryos were biopsied for gender selection.

The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.

Day five of the treatment saw two male embryos transferred to the patient.

The woman recorded a positive pregnancy test two weeks later. 

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Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

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Winner: Yas Xmnsor, Sean Kirrane (jockey), Khalifa Al Neyadi (trainer)

5.30pm: Falaj Hazza – Handicap (PA) Dh70,000 (D) 1,600m
Winner: Arim W’Rsan, Dane O’Neill, Jaci Wickham

6pm: Al Basrah – Maiden (PA) Dh70,000 (D) 1,800m
Winner: Kalifano De Ghazal, Abdul Aziz Al Balushi, Helal Al Alawi

6.30pm: Oud Al Touba – Handicap (PA) Dh70,000 (D) 1,800m
Winner: Pharitz Oubai, Sean Kirrane, Ibrahim Al Hadhrami

7pm: Sieh bin Amaar – Conditions (PA) Dh80,000 (D) 1,800m
Winner: Oxord, Richard Mullen, Abdalla Al Hammadi

7.30pm: Jebel Hafeet – Conditions (PA) Dh85,000 (D) 2,000m
Winner: AF Ramz, Sean Kirrane, Khalifa Al Neyadi

8pm: Al Saad – Handicap (TB) Dh70,000 (D) 2,000m
Winner: Sea Skimmer, Gabriele Malune, Kareem Ramadan

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

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Winner: Taamol, Jim Crowley, Ali Rashid Al Raihe
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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.”

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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