Latest news with #advisor
Daily Mail
3 days ago
- Business
- Daily Mail
Trump announces plan to farewell 'terrific' Musk from the White House and hints at tech billionaire's future role
President Donald Trump announced Thursday that he would hold a press conference with beleaguered advisor and billionaire Elon Musk to mark his last day as a special advisor to his administration. 'I am having a Press Conference tomorrow at 1:30 P.M. EST, with Elon Musk, at the Oval Office,' Trump wrote on Truth Social. 'This will be his last day, but not really, because he will, always, be with us, helping all the way.' Trump made the announcement as Musk conceded he would be stepping away from politics and his work at the White House and pivoting back to his businesses. 'Back to spending 24/7 at work,' wrote on Saturday. 'I must be super focused on X/xAI and Tesla.' Musk, who was appointed by President Trump as a special government employee in January, is leaving his temporary position as scheduled, as his position was limited to 130 days. His efforts founding the Department of Government Efficiency (DOGE) earned the wrath of Democrats who protested his attempts to cut the federal workforce and cut government spending. Even some Republicans in Washington, DC were nervous about the political impact of some of his actions. Musk appeared discouraged by the reception of DOGE, describing it as 'the whipping boy for everything' in Washington, DC. 'The federal bureaucracy situation is much worse than I realized,' he told The Washington Post in an interview. 'I thought there were problems, but it sure is an uphill battle trying to improve things in D.C., to say the least.' Trump has spent less time amplifying Musk on social media and Musk also has tried to pivot away from politics in recent weeks, but both of the billionaires maintain respect with each other, people familiar with their relationship tell the Daily Mail. Predictions that their friendship would eventually blow up never materialized, although Musk has expressed frustration with his efforts in Washington, DC. Left-wing protesters burned effigies of Musk and carried signs calling for him to be deported as Tesla vehicles were burned and vandalized. Musk drew attention with his untraditional antics as he appeared in cabinet meetings wearring a 'tech support' T-shirt with a MAGA hat. His appearance at CPAC was marked by him wielding a chainsaw and celebrating that 'I have become meme.' Musk's remark to CBS on Wednesday criticizing the Republican-led 'Big Beautiful Bill' passed by the House of Representatives was widely seen as a veiled shot at Trump, as he prepares to leave Washington. Leader of the Department of Government Efficiency Elon Musk wears a shirt that says "Tech Support" as he speaks during a cabinet meeting Musk's departure was celebrated by his enemies as the failure of DOGE as he once predicted he could cut $2 trillion in spending, but he conceded that so far only $150 billion of federal spending has been cut. The White House repeated on Thursday that the work of DOGE would continue with many of Musk's team already embedded in most cabinet agencies in the Administration. 'Surely the mission of DOGE will continue and many DOGE employees are political employees and employees of our government, and to the best of my knowledge all of them intend to stay and continue this important work,' White House press secretary told reporters on Thursday. Trump appeared eager to keep his friendship with Musk intact, hinting that he would always remain in his orbit.
News.com.au
22-05-2025
- Business
- News.com.au
Kaden Bernstein: Breaking Into the Business and Getting Ahead
'I found over the years that clients will always gravitate towards an advisor that has their personality,' says the Morgan Stanley financial advisor. 'No one should feel like they can't enter this industry. You can always learn.'
Entrepreneur
22-05-2025
- Business
- Entrepreneur
Why Dubai Is Becoming a Global Haven for the Successful
I moved to Dubai 16 years ago to build something real. Here's my journey and the city's role in shaping my success. Opinions expressed by Entrepreneur contributors are their own. I moved to Dubai 16 years ago with a simple goal: to build something real. Filing my first business license marked the start of a fast-moving journey that's taken me through different sectors, industries and cycles. The pace was part of the appeal, but what really struck me was how quickly ideas here could turn into functioning operations. There was energy, yes — but also infrastructure. I've worked as an entrepreneur, investor and advisor, and Dubai has been the backdrop for all of it. It's a place that doesn't sit still. The city evolves constantly, and if you're paying attention, it pushes you to evolve with it. Whether it was tech, real estate or sectors you rarely hear about — like agri-tech or regional logistics — Dubai has always rewarded focus and preparation. Related: 10 Things to Know About Dubai's Digital Economy Ambitions What makes it work A lot of people talk about Dubai's geography, and they're not wrong. You can reach investors, clients and partners across three continents in under a day. But what mattered more to me early on was how quickly I could get moving. You don't lose months in red tape here. The setup process was direct. The response time from institutions — banks, regulators, landlords — was fast. It still is. The regulatory side has matured steadily. Processes that once took weeks now happen through unified portals. The "Invest in Dubai" platform, for example, cut out a lot of back-and-forth in license applications. More importantly, the city puts real weight behind its priorities. When the leadership started focusing on AI and clean energy, they didn't just make announcements — they built zones, structured incentives and rolled out the platforms to support those ecosystems. It's fast — but it's not frictionless My first company in Dubai was set up in a free zone, which helped with ownership and flexibility. The process was efficient, but that didn't mean it was seamless. Choosing the right free zone, figuring out which license category made sense, understanding the implications for banking and tax — none of that was obvious. It took guidance and local insight to avoid missteps. Banking, in particular, required patience. Regulations are tight, especially for companies with foreign shareholders. Timelines can shift based on your industry or your nationality. This isn't the place to cut corners. You need to know what documents you'll be asked for — and why. Costs are also higher than many expect. Office space, licenses, visas and health insurance add up fast. Compared to setting up in places like Lisbon or Tallinn, the initial burn here was 30–40% higher. That's not a dealbreaker, but it makes long-term planning even more important. Free zone vs. mainland, shared space vs. dedicated office — those early decisions echo later on. Related: UAE's Vision for Renewables and a Greener Future The human factor Business here isn't purely transactional. You'll get more done over coffee than over email. A casual conversation at an event can lead to a partnership months later. That human connection matters more here than in most places I've worked. And building trust takes time. You don't need to speak Arabic, but you do need to understand how things work culturally. Showing up on time, following through, learning the rhythm of when to talk business and when not to — it all counts. This is a city that's open, but not passive. You adapt to it, not the other way around. Rules change — stay ready Dubai moves quickly. One example: the corporate tax. When the 9% rate was introduced, it signaled a clear pivot toward long-term, sustainable growth. We had to adapt — restructure entities, consult tax advisors and realign reporting. It was manageable, but only because we were watching closely. There's also increasing scrutiny in sectors like crypto and cross-border payments. Licensing, due diligence, regulatory filings — it's all tightening. When we developed a product in the payments space, it took us months of groundwork just to meet the documentation standards for opening a bank account. What I've learned is that Dubai doesn't just enforce rules — it signals where things are going. Whether it's through changes in visa categories, ESG reporting hints or updates from DIFC regulators, the signals are there. You just have to pay attention. Building in tech — without borders A couple of years later, I shifted into tech. Dubai made that easier than most places. We could tap into regional talent, hire remotely and manage operations entirely through cloud-based systems. There wasn't a need to build a huge local team before launching. The infrastructure was there. Talent here is truly global. I've worked with developers in Eastern Europe, product leads in North Africa, and designers from Southeast Asia — all coordinated through a Dubai base. Hybrid work isn't a novelty here; it's normalized. Co-working spaces, startup hubs and freelancer-friendly policies make it easy to scale without overcommitting. Beyond the core business I also invested in property — some commercial, some residential. Part of that was practical: we needed space. But part of it was strategic. The right locations held their value. A small office unit in JLT that I bought early on ended up doubling in value over time. That kind of long-term return helped balance out the volatility of running early-stage businesses. Outside of real estate, I've taken part in private investments, mostly in early-stage ventures. One standout was a startup in sustainable packaging with operations between Sharjah and Riyadh. The due diligence took time, but the deal structure was relatively clean — something I credit to the frameworks here. You don't need endless layers of paperwork to get things done, which keeps the momentum going. Final notes Dubai isn't perfect, and it's not effortless. But it rewards consistency, adaptability and patience. If you come here expecting instant wins, you'll likely be disappointed. But if you're willing to learn, adjust and commit, the upside is real. I've had wins and losses here. I've launched companies, closed others, made investments that worked—and some that didn't. But I've never stopped moving forward. That's the rhythm of this city. It doesn't dwell on the past, and it won't let you stand still. If you're thinking about setting up in Dubai, come prepared. Understand the costs. Learn the rules. Respect the culture. But also — stay open. There's no template for success here, but there are endless ways to build something meaningful. The skyline might draw you in. But it's the substance — the people, the pace, the direction — that makes you want to stay.
Forbes
07-05-2025
- Business
- Forbes
7 Powerful AI Prompts Every Project Manager Needs To Master Now
Learn how to get personalized, insightful help instead of generic AI responses with these ... More expert-crafted prompts. Adobe Stock Effectively managing complex projects from start to finish requires strategic thinking, resourcefulness, clarity of purpose, organizational skills, and fantastic people management. Generative AI tools, such as chatbots like ChatGPT, can help you develop and streamline the processes needed to see your projects through to completion on time and on budget. As in all areas of life, though, in order to get the right answers, you need to be able to ask the right questions. Clear, detailed, and well-structured prompts make the difference between receiving generic AI garbage and personalized, insightful help. So here are five powerful prompts designed to tackle everyday project management tasks. This is a really simple prompt to turn ChatGPT (or another chatbot) into a personalized project management assistant that can talk you through practically any project. Prompt: Act as an expert business advisor and strategist, and help me complete my business project. I will give you details of what I have done and keep you updated on progress. You keep track of tasks and activities, provide me with action plans when needed, and detail the next steps I need to take when asked to do so. Create A Project Brief The project brief (or project charter) allows stakeholders to quickly overview a project and understand its aims: Prompt: Please help me draft a project brief. Ask me questions, one at a time, until you have the information needed to draft a document giving a high-level overview, objectives, scope, breakdown of key stakeholders, key deliverables, reporting requirements, budget and timeline. Structure it in a compelling way that clearly lays out the benefits that it will create. Break Down A Big Project Into Manageable Chunks It's always a good idea to break tasks down into smaller chunks; so, here is how you can use AI to do it efficiently. Prompt: Break down my task of [insert task here] in three hierarchical layers. 1: Major work items, 2. Their sub-tasks. 3. The specific actions people will perform. Number each action in the 1.2.3 format. For every bottom-layer action, provide a duration estimate in working days, list any dependencies or external blockers, state the result it will produce, and include a one-sentence action plan naming the responsible role, indicating when it occurs relative to project start, and explaining how success will be measured. Return the results as plain text in this order: first, the numbered outline, next a compact paragraph of details for each bottom-layer action, and a bullet-pointed list of major risks associated with each action. Create A Kanban Board Template Instead of spending time working out how to structure your project management board, let AI do it for you: Prompt: Act as an experienced project manager in [your industry]. Our project is to [Your Project]. Please create a Kanban board template that includes space to track all of the relevant information we need to plan and assess our progress. Output the board template in an easy-to-read table format. Then ask me if any changes are needed or if more fields should be added to the template. Stakeholder Communications This will create an email tailored to people or groups with interests in the project to keep them updated on strategic decisions and developments: Prompt: Draft a letter tailored for an audience of [insert stakeholders] explaining the impact of [decision/development]. Focus on communicating what, why, and when, in a positive and professional tone. Automated Narrative Sprint Reporting Upload data from your project management tool (e.g., Jira) to ChatGPT as a CSV file (taking care not to share anything confidential or in breach of organizational policies). Prompt: Using the attached project data export, write a plain-language Markdown report with these sections: 1. Snapshot Metrics, 2. Narrative (approx. 150 words telling what happened and why), 3. Root-Cause Highlights (three numbered blockers with short explanations), 4. Lessons & Next-Sprint Actions (bullet points). Please also create a slide outline, giving a headline that communicates the key message and three talking points. Clearly communicate the narrative in concise language, formatted so it is easy to read and ingest (e.g., bold for metric labels). Stakeholder Communication Instantly draft personalized communication updates for anyone with an interest in the project's progress. Prompt: Write a concise email to [stakeholder name or role] about [update topic]. Start with one sentence that clearly states the purpose, follow with the key facts (what, why, how, where, when, who), clearly spell out one or two direct benefits or impacts for this stakeholder when relevant, and close by inviting them to contact me directly for clarification or further information. Keep the tone straightforward and professional, use plain English, and format it as an email that's ready to cut, paste, and send. These prompts will all do what they're intended to do, but their real purpose is to introduce beginners to prompt engineering. If they don't do exactly what you need, it should be easy enough to tailor them to your own requirements or use them as a template for writing your own prompt from scratch. Project management is just one of the ever-growing number of fields where prompt engineering is quickly becoming an invaluable tool, thanks to its ability to make us more productive and efficient.
