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Dr Omar Fisher
Co-Founder, iWealth Technologies | CSO, Defynance, United Arab Emirates
Dr. Omar is a Sharia Law expert and has co-founded many Islamic financial services and advised startups on strategy and Business Development. He advises the CEO of Islamic Co-operation and Development.
Tricky workplace situation handled
By this mentor in various human skills
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- No creative way to teach this; needs practice by presenter to build up confidence; also try to modify Mindset during training to reduce fear of public speaking, which is very common.
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- Ask and listen to reply; suggest use case(s) and see if these fit customer's specifications.
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- One good way forward is to go together to a prospect and act out the sale....allow the mentee to see and hear the flow. Next, let them take the lead with 2nd prospect...after each session, do a debrief on the experiences.
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- Plans are vitally important in any business; strategic plans set forth the main goals, the market approach, the ways of competing and link up the various aspects of bi operations.
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- Delivered a Business Strategy course to +120 HULT Prize social entrepreneurs on the "36 Ways to Compete", To sharpen focus on customers to be served, The biz talents & resources, The strategic plans they formed and what tactics might support those plans in realistic ways over the coming 6-12 months.
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- On-boarding process was inadequate to that job and maybe to the corporate culture overall.
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- Ensure there is a clear, well-defined and ideally written program/plan for on-boarding new employees; this can also include having new recruit rotate through the department or speak with several other older employees.
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- On boarding at the last 3 companies I advised was miserable, lacking and not refreshed. Consequently, huge area for improvement. Most new employee handbooks are too long, too detailed and not updated. Improvements required to keep pace with changing ways to do business.
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- I wrote an employee on-boarding guide for a Takaful company that I founded in Bahrain. Critical first step for new person to understand basic principles of Islamic insurance, a broad profile of industry and the values their new company promotes to staff and to customers.
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- Spend less than i earn
- Special separate fund for savings
- Multiple quotes before purchase
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- Digital prints shared online no need for paper
- Shared online web page
- For each person low need yet for office as whole essential
- Part-time; interns; outsource large jobs
- Much work is done on client premises
- Covid run from home or share office space
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- Key orientation is to have a budget for expenses that is part of business cash flows and periodically check this. Also, examine cash-flows projected against actual revenues, which may fluctuate. Cost cutting is never a means to growth. It may be necessary in short run. Look for the areas of "fat" excess spending that are not crucial to i) support services, nor to ii) generating sales.
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- usually teams first use divergent thinking to stir creativity and a range of novel ideas, then shift through with convergent thinking for suitable solutions (under dif. circumstances)
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- youth finlit through interactive methods; retired persons finlit; young children at home finlit; single moms finlit; govt approved finlit for schools; hospitals workers finlit; pink finlit for ladies; blue finlit for single males; savings schemes for SME owners as finlit
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- Young children at home: needs hardware visible evidence of savings and handling real/synthetic money, plus software online to present daily challenges, to teach money applications and link up like minded and like ages of youth; start with small focus groups of moms to demo and explain the benefits of System. Identify a Sponsor (phone co or insurer) who can underwrite modest costs to implant pilot systems into home. Collect testimonials from moms and real stories of how youth interact with system. Post Blogs and social media hints and tips of benefits of teaching (Financial Literacy (FinLit) at home. Goal: 10,000 families to try system within Year 1.
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- Confusing question...what is the SKILL to be taught? If mentorship? then describe a Case Study of real Life situation whereby I am able to assist Mr.X in realizing a direction to his "problem or issue". Typically a mentor should not TELL Mr. X what to do because this develops dependency, rather suggest an approach and monitor the attempts by Mr X to apply what he understood into his situation. Best to stimulate reflection by Mr. X what are options (divergent) and which is appropriate now (convergent).
