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How to Spend Your Morning Like a Successful Entrepreneur

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Every entrepreneur seems to have a secret to their success. For some, it’s an ability to think outside of the box and take risks. For others, it’s staying humble, even when faced with huge success. While every entrepreneur is different, you’ll notice that there are also some things that they seem to share.

For instance, talk to almost any successful business owner and they’ll tell you that a good morning routine is key to unlocking endless opportunities.

Here are some of the things you can do to spend your morning like a successful entrepreneur:

  1. Wake up early – While you don’t have to be an early bird to get the worm in business, it often helps. According to Richard Branson, the entrepreneur behind Virgin, wherever he is in the world, he makes a concentrated effort to get up at 5am.
    • Branson believes that getting up early helps him to spend more time with the family before he gets down to business.
    • Try going to bed a little earlier than usual and waking up early too. Research consistently proves that many successful people wake up well before the workday begins. How could you spend an extra hour before your commute?
  2. Be prepared – How long do you spend each morning just trying to work out which tasks you should be tackling first? Figuring out a schedule can take a lot of crucial time for productivity out of your routine. That’s why it’s so helpful to plan ahead.
    • At the end of each workday, put ten minutes aside to make a list of the things you need to do first the next day.
    • This way, you can start your morning with a focus on what you need to get done and avoid anything that might put you on a path of procrastination.
  3. Exercise – Exercise can do incredible things for the body and mind. Studies show that regular exercise increases your energy levels and strengthens your cognitive abilities. A few minutes of sweating before work can also help you to clear your mind for the day ahead and reduce stress.
    • If you’re wondering how to use that extra thirty minutes you’ve added to your morning each day, a mini workout could be just the thing.
    • Follow up with a healthy breakfast to nourish your mind, kickstart your metabolism, and give you the energy you need to handle the day. Drink some cold water too. Huffington Post founder, Arianna Huffington, says she always starts her morning with a tall glass of water.
  4. Do the toughest job first – Trying to plan your day to facilitate success? Start with the toughest task first. The idea of “eating the frog” comes from Mark Twain, and it basically means that you handle the thing you least want to do first.
    • If you overcome your biggest challenge first, then everything else you do will feel easier by comparison.
    • Plus, tackling and accomplishing a challenge first thing is a great way to motivate yourself.
    • As the founding editor of Lifehacker.com, Gina Trapani tells us, your mind is clear first thing in the morning, and you’re not getting distracted by other demands. This is your chance to get things done!
  5. Get rid of distraction – If you’re going to seize the day like a successful entrepreneur, it’s important to avoid distractions. That means not constantly checking your emails and social media on the way to work.
    • Starting the day with a heavy focus on your social media and phone alerts means you’re more likely to get easily distracted throughout the remainder of your day too.
    • To start the day in a more helpful way, why not try an activity that relaxes you? Up to 90% of the doctor’s visits reported per year come from stress-related problems. If exercise doesn’t lower your stress levels when you wake up, find something that does.
  6. Illuminate the possibilities – Finally, if you’re struggling to start the day on the right note, brighten things up again. Turning on multiple lights around the home and opening your curtains will actively wake you up. It’s the best way to tell the brain that the day has started.
    • Natural light actually tells your body to stop producing melatonin – the hormone you need for sleep.
    • Get outside and breathe in some fresh air if you can. Natural light and a fresh dose of the great outdoors will put you in a great mood for work.
    • If you can’t quite make it outside, don’t panic. Brightening your indoors will help too.

Find Your Own Routine

These are just some examples of how to spend your morning like a successful entrepreneur. Remember that you can always put your own spin on these suggestions. Find out what works for you and add some rituals of your own.

Once you find what works for you, stick to it!

Discover How New Technology Helps You Protect Your Credit Cards

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Credit cards continue to be popular targets for hackers and thieves. However, companies are responding with new technology to keep your cards safe.

Take advantage of these innovations and take your power back from the criminals:

  1. EMV chip technology – Named after the companies that helped develop the chips (Europay, MasterCard, and Visa), this technology is already the standard in Europe, and it’s spreading to other parts of the world. Eventually, all credit cards may have chip technology.
    • The chip inside the credit card is more secure than magnetic strips. It relies on tokenization, which means the card information changes each time you use it. Plus, your credit card number is hidden. This prevents thieves from being able to steal your card data.
    • The chip technology works best for live transactions at stores and other locations – It’s not as effective for credit card use over the phone or online. However, companies are working on ways to improve all transaction security.
  2. Smart card technology – Smart cards are capable of putting all of your credit cards, debit cards, and other information into one card.
    • Smart cards have miniature computers inside of them that let users choose the card they want to use at any moment. However, there are limits on how many cards you can store on a smart card.
    • Smart card technology is still developing and evolving.
    • The smart cards have a variety of safety features, and tokenization technology is one of them.
    • In addition, smart cards get locked after each transaction. This means you have to reenter a password right into the card to make it work again. This is a useful way of protecting your information if you lose the smart card.
  3. Mobile payment technology – Mobile payments provide several safety features for users who rely on their credit cards.
    • Mobile payment services often use tokenization technology.
    • In addition, cell phones provide a layer of protection of their own. If your phone is lost or stolen, a thief would need to know your password to get in. Hacking a phone doesn’t always work, and you can purchase apps that lock your phone from a distance.
  4. Two-step verification technology – Retailers and other businesses are using two-step verification to add more security to transactions.
    •  Two-step verification refers to the need to take multiple steps before you can pay with your credit card or use a service. First, you have to remember your password. Second, you have to enter a special, one-time code that is sent to your mobile device.
    • The one-time codes change every time you need to log in. Unless thieves have hacked your phone, they can’t request a new code.

Staying Aware

Technology will continue to change as credit card companies work to fight hackers and thieves.  

It’s important to pay attention to any notices you receive from a credit card company because it may be announcing new technology. You may need to take additional steps to take advantage of the new technology.

For example, the growth of EMV cards means your old credit cards will have to be replaced. You’ll soon receive new chip cards from your credit card companies if you haven’t already.

Credit card companies continue to find new technology to battle data breaches. Taking advantage of these new advances will help you keep your credit cards out of the reach of criminals.

Beryllium: Guardsman Rebrands For The Future

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Guardsman changes its name to Beryllium to take on new tech initiatives. Guardsman, a company founded by Kenneth Benjamin in 1977 while he was training security guards has grown in leaps and bounds ever since.

Over those decades it has provided high-risk security services for Jamaican businesses and private owners. Services such as transportation of financial currencies and business security have been their main staple.

Their acquisition of Brinks which was founded a mere 12 years earlier, showed the ambition of the founder. Now they are taking on a new initiative that will allow them to adapt to our technological era. The announcement took place at a gathering at AC Mariott Hotel in Kingston.

Mayers-Gray who was managing director of Guardsman Armoured Limited will be leading the helm at Beryllium as CEO. “We want a brand identity that is directionally aligned with the future vision we are working towards,” she said at the event.

This new push will allow the company to tackle high-risk financial challenges with technology. Beryllium will utilize big data and artificial intelligence technologies to help with these challenges.

“Guardsman Armoured, now Beryllium Limited started as a cash-in-transit company and has evolved over the years as we anticipated the changing needs of our clients in response to technological advancements,” Vinay Walia, group managing director for Guardsman Armoured Limited said at the launch.

This is a very positive move for Beryllium which started as a traditional security company. It should be an emblem for other local businesses to take notice of, and to imitate if they want to challenge new markets and stay competitive in an ever-changing environment.

Ocho Rios Bay Beach: A Staple On The Northcoast

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Ocho Rios Bay Beach is one of St. Ann’s best beaches, it is located right in the heart of the tourist capital. It’s a very popular beach for both local and overseas guests.

It’s a pay-to-enter beach but the price is very cheap and the fee is really to pay for the upkeep of the beach and other necessary amenities. At the time of this writing, the price to enter is $200 JMD for locals.

Bay beach is open 7 days a week, it is very clean and well-organized. The security presence is felt right throughout your duration so you feel very safe; However, it’s not overbearing to the point where it feels uncomfortable.

The beach has white sand and is approximately 478 meters long and 30 meters wide. Vegetation includes seagrape, seaside mahoe, West Indian almonds, coconut trees, and grasses.

Right next to the beach is the prestigious Moon Palace Jamaica from the Palace Resorts family. Here, visitors can enjoy a Reggae-style hotel, suites overlooking the ocean, varied cuisine with Bob Marley cocktails; water sports such as Paddle Boarding, Yoga, etc

There are many watersport activities to do at Bay Beach. Activities such as glass-bottom boat rides, tubing, and many more. As you go about your day, guys will come up to you very pleasantly asking if you are interested in any of the activities mentioned above.

Behind the beach are many shops that offer Jamaica’s best cuisines and delicacies. For eating you can get jerk chicken, burgers, sandwiches, etc. After swimming, you can cool off with many different beverages, from Jamaica’s iconic Red Stripe Beer to sodas, smoothies, strawberry daiquiri, etc.

My time at Ocho Rios Bay Beach was very fun, it was an overall great experience and I will definately be going back there.

Reddit is getting ready for an IPO

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INDIA - 2019/07/26: In this photo illustration a popular American social news aggregation application Reddit logo seen displayed on a smartphone. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images)

Popular social media platform Reddit files for initial public offering (IPO) this week as they look to take the company public. At the moment, the valuation that they are initially hoping for stands at $15 billion. Despite its 16-year run, it is still a far cry from Facebook’s valuation, and Twitter which are deemed to be competitors.

Steve Huffman, Reddit’s Chief Executive, and co-founder talked about his vision for retail investors investing in Reddit. “I want our users to be shareholders and I want our shareholders to be users,” he said at Wall Street Journal’s Tech Live conference in October.

Meme Stocks

As of late, Reddit plays a fundamental role in the “meme stock” era. Meme stocks are basically stocks that are fueled by the social media craze wrapped under risky analysis and fundamentals. Earlier this year the GameStop saga was one of the notable examples. WallStreetBets, A popular subreddit, which is basically a sub-community under Reddit made headlines.

They basically drove the stock up based on information that inside investors were driving the stock down. It worked almost to perfection, as they all collectively bought GameStop’s stock and wiped a large portion of short positions. Millions were lost and it led to Robinhood, a retail trading platform to pause trading.

This was a controversial move at the time and is still under investigation today. Reddit is hoping that its collective communities can invest in the platform and sustain it for the future. This is a pretty interesting concept and we could see an entire company being fueled by its userbase. Probably Reddit could also become the next meme stock.

Playing Catchup

Reddit is still far behind social media platforms such as Facebook, Twitter, and new incumbents such as TikTok. Growth might pose to be a problem for investors who would want to see how it can stay relevant within this era. In the second quarter of 2021, they generated $100 million in advertising revenue. For Reddit, that’s pretty impressive as they have tripled their revenue from a year ago.

If we should take a look at Facebook, they generated $85.9 billion in 2020, and Twitter $3.72 billion. You can see that from an advertising perspective, they are behind as certain brands don’t necessarily see it as an advertising option.

Reddit’s recent purchase of Dubsmash, an app similar to TikTok gives us an idea of where the platform may lead in the future. Given how old and new companies are moving towards the metaverse, audio, and video. It will be interesting to see how Reddit adapts.

Earn Extra Income by Freelancing on the Web

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Who isn’t looking for additional cash these days? Luckily, there are plenty of ways you can make extra money by offering your services on the internet. Ranging from full-time to piecemeal freelance gigs, the array of online job choices is staggering.

If you’re optimistic and confident, prepare to make plenty of extra money by doing some online freelance work.

Try these ideas to pick up some quick cash:

  1. Consider your skills – Focus your efforts on your unique talents when looking for web work.
    • For example, if you’re a fast typist, look for data entry jobs online. If you can spin a good yarn, try a writing job or two. If you’re a skilled web surfer, find research jobs to fill the coffer.
    • Try upwork.com and other popular freelance portals to find work.
  2. Use social networks for meetings – With the advent of social media, you can converse with prospective employers. Ensure that others see your qualities through your social networking efforts.
  3. Be brave – Diving in can be challenging and perhaps intimidating. To protect yourself, research the websites you’re interested in. If a website passes your criteria and appears to be reputable, sometimes it’s a great idea to simply jump in and accept your first online gig.
    • When you do, you’ll be rewarded for your courage with some extra money.
  4. Learn to do transcriptions to earn steady, incoming wages.Transcribing is an exploding online career – If you’re a competent typist, you’re more than half-way along the path to earning extra dollars by typing out interviews, dictated books, and other info.
  5. Contact local businesses to offer them help posting on their social media accounts – If you’re an avid Twitterer and Facebooker, you could be paid to post regularly for business owners who don’t have the time or skill to do it themselves.
  6. Look for websites who offer cash to endorse their products – Become an affiliate of popular companies like Amazon and post their ads (coded with your affiliate number) on your Facebook page. Whenever someone clicks on your ad and buys the product, you earn a commission.
    • If you have a lot of friends who enjoy a particular hobby, find a vendor of supplies you can all enjoy. Become an affiliate, post their ads, and earn commissions on their products.
  7. Utilize websites that reward you for shopping on their sites – It’s wise to be careful with this tip. You could spend more with your shopping than you make through the gift card reward. But if you’re planning to purchase a gift anyway, you could earn a few extra bucks this way.
  8. Find a “micro-gig” – at the website called “Fiverr.” What will you do for five dollars? Post it on the Fiverr website and you might get a few takers. Explore the website to get an idea of the tasks people want done. Then, offer to do those tasks.
    • Think about what you can do easily and quickly.
  9. Serve on a mock online jury – At Ejury.com, you’ll be paid to serve on a mock jury. Discover the experience of making a real difference with the other online jury members.
  10. Do you have an endless thirst for knowledge and trivia? Put your curiosity to work and make a few bucks at Cha Cha. Seek out correct responses to people’s questions and get paid for each answer. If you’re a tip-top researcher or web surfer, Cha Cha’s for you.

If you have a computer and know how to type, you have a gold mine right in your own house. Achieve your financial goals by bringing in extra money from online sources.

Paraguay looking to embrace cryptocurrency adoption

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Bitcoin cryptocurrency search concept with magnifying glass on a yellow background. Close up.

Paraguay senate is creating a regulatory framework that will help in cryptocurrency adoption among the populace. Thursday, December 16, 2021, a bill was presented by three senators with the cryptocurrency regulatory framework.

The names of these senators are Fernando Silva Facetti (of the Authentic Radical Liberal Party), Antonio Apuril (Hagamos), and Juan Bartolomé Ramírez (also of the PLRA). The voting was also positive given the fact that 29 votes were in favor, 8 against, 6 abstentions, and 2 absences.

Two main aspects of this law are focused on commercial activities and mining. Within commercial activities, they want to ensure that companies that trade cryptocurrencies in the country must be included in the register of virtual asset providers. As it relates to cryptocurrency mining, the government seems very bullish. They are planning to create incentives for miners.

These incentives will help to bring more miners into the industry. They also have an edge as they have an abundant reserve of energy at very cheap prices. This can be attractive for foreign investors if they want to get in on a piece of the action.

The only thing blocking these proposals is approval from the Chamber of deputies and further on by the Executive Power. It will be interesting to see how this plays out and how they will be rolled out.

Seeing countries adapting to digital currencies is an extraordinary spectacle being played out in real time. It’s as if every day someone is giving the green light to “wifi money”. El Salvador made a brave move to accept bitcoin as a legal tender and I am positive they will not be the last. It’s only a matter of time.

Nike enters the Metaverse with RTFKT acquisition

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Nike wants a piece of the Metaverse as they acquire a non-fungible token (NFT) studio that produces virtual apparel. It’s a move that will further strengthen Nike’s stance on NFTs and the Metaverse.

Nike CEO and president John Donahoe, further elaborated on the importance of this acquisition and what it means for Nike going forward.

“This acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming, and culture.

We’re acquiring a very talented team of creators with an authentic and connected brand.

Our plan is to invest in the RTFKT brand, serve and grow their innovative and creative community and extend Nike’s digital footprint and capabilities.” Mr. Donahoe said.

It’s not a surprise move at all given the recent buzz surrounding the Metaverse and NFTs. As for RTFKT, the name is not an acronym at all. Interestingly it is a play on the word “artifact”. RTFKT studio was launched in 2020 and is bringing fresh ideas into the space of virtual apparel.

They are combining blockchain technology and augmented reality to create fashionable digital collectibles, memes, and sneaker designs. It’s not a new space as they are other incumbents participating and innovating.

This probably is just a drop in the bucket for Nike in terms of investing and innovating within this space. Expect interesting news and business models to develop down the line.

Rainforest Seafoods: Premium Quality Seafood

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Rainforest Seafoods is the Caribbean’s largest supplier of premium quality seafood. The company has two large processing and distribution centers in Jamaica’s two major cities, Kingston and Montego Bay.

The company is headquartered in Kingston with operations in St. Lucia, St. Vincent and the Grenadines, Barbados, and Belize. Rainforest has acquired HACCP, FDA, and EU certificates of approval and has the widest variety of the finest quality products for its customers.

Rainforest was founded by its current CEO, Brian Jardim. He is the son of famous Hotelier ‘Gordon “Butch” Stewart’ and has a wide range of experience in the hotel industry.

Armed with a wealth of experience in the tourism industry, Brian recognized that hotels in Jamaica and the wider Caribbean lacked a consistent, high-quality supply of the healthiest seafood available. So, in 1995, Brian decided to embark on his vision, and Rainforest was born.

The company partners with major household brands such as Sandals Resorts, Island Grill, Mother’s, Jamaica Pegasus, HolidayInn Resorts, Massy Distributors, etc.

Rainforest currently has about four homegrown brands under it. Brands such as Rainforest Seafoods, Fish Pot Fry Fish Shop, Seafood Market, and Rainforest Farms.

Rainforest Seafoods: carries over 500 references of premium fish and seafood harvested by its network of fishermen or sourced from recognized and certified suppliers worldwide.

Fish Pot Fry Fish Shop: redefines how Jamaica eats seafood! Fish Pot offers the very best in quick, casual dining with fresh, delicious, and nutritious seafood dishes at the most affordable prices.

Seafood Market: offers Montego Bay a fresh take on seafood, with unique daily breakfast and lunch offerings.

Rainforest Farms: an 80-acre farm where cassava, sweet potatoes, coconuts, mangoes, lime, and yams are grown.

In a 2019 interview by thebusinessyear.com, the Founder and CEO outlined his plans for growth going forward. “For starters, we seek to build out a larger distribution center in St Lucia, strengthen our operations in the Bahamas, expand our shrimp farm and processing plant in southern Belize, and break ground on one or two more comprehensive seafood processing plants in the Caribbean.”

This company has strong potential for growth with a solid management team with combined years of experience. We look forward to seeing what else it has in store for the future.

Source: Website, FishPot, Seafood Market

7 Tips to Maximize Your Money and Prepare for Retirement

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When it comes to retirement, the earlier you plan and save, the better. Because of compound interest and tax deferrals, you can benefit more the earlier you start saving for retirement.

Do you know how much you need to save for retirement? How can you maximize your savings?

These strategies will help:

  1. Think about the kind of retirement you want – Will you want to live differently when you retire? Start visualizing the type of lifestyle you want to live when you retire so you can tailor your savings goals to that lifestyle!
    • How old do you want to be when you retire?
    • Will you still work part time?
    • Where will you live? Do you want to live domestically or internationally?
    • Will you be renting a house, or will you own your house?
    • What will your monthly costs be?
  2. Start saving today – Most (if not all) articles you read about retirement will encourage you to start saving today. The reason being is over time you can earn money from your savings via compound interest.
    • Compound interest is the interest you earn on interest. It comes from reinvesting the interest you earn. It works in your favor.
    • Hypothetical examples suggest that even a 25-year-old who invests $75 per month would accumulate more assets by 65-years-old compared to a 35-year-old who invests $100 per month.
    • Put as much as you can away now so that you can reap the rewards later.
    • Some financial experts recommend saving 15% of your pre-tax income towards tax-advantage accounts.
  3. Set a goal – Take time to carefully consider retirement expenses while factoring in inflation. Will you have other expenses that you might not have right now (such as children’s expenses)?
    • How much do you want to have when you retire?
    • Will you be travelling when you retire?
  4. Automate your savings to a retirement plan – Take advantage of tax deferrals to a retirement account. Set up automatic payments to your Individual Retirement Account (IRA) or 401(k). This way, the money gets deposited into your retirement savings plan before you have to think about it.
    • 401(k)s have a high contribution limit ($19,500 if under age 50), and sometimes employers are willing to match your contributions. Check with your employer to see if they match what you put in.
    • If you are under 50, you can contribute up to $6,000 to an IRA. If you are 50 or older, you can contribute up to $7,000 to an IRA.
    • Money contributed to a Traditional IRA may be deductible on your taxes that year. Then, when you withdraw money from that account in retirement, you pay taxes then.
    • Money contributed to Roth IRAs are not deductible on your taxes that year. However, withdrawals you make from that account when in retirement are not taxed.
  5. Diversify your savings – Don’t put all your eggs in one basket! Your IRA is just one piece of the puzzle. Consider investing in other assets, such as property, mutual funds, or bonds.
  6. Take advantage of employer matching – If your employer matches your IRA investments, take advantage of that! Deposit the maximum amount that your employer matches.
  7. Continually reduce your debt – Pay off your credit cards every month or pay as much as possible towards your credit card debt. When possible, accelerate your mortgage payments. As a rule of thumb, reduce your existing debt and avoid accumulating new debt.

Saving for your ideal lifestyle when you retire is a marathon, not a sprint. When you build your wealth over time, you don’t have to worry about tackling everything all at once.

Remember that over time, your retirement account will build! Try to save at least 10-15% of your pretax income to start. You’re already ahead of the game by thinking about this now!