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Survey Says

Canned Food by Shari Lyew

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With the increasing possibility of experiencing a

hurricane, which canned food will be filling your kitchen cupboard?

a) Corned beef 36% b) fish kinds like tuna and mackerel 12% c) sausages 24% d) preserved fruits 28%   Your child is asked to donate cheese and tuna

sandwiches for the upcoming class party. Which tuna (in water) brand do you think the children would prefer?

a) Bumblebee 44% b) Chicken of the Sea 20% c) Brunswick 16% d) None of the Above 20%   You have decided to become a vegetarian which

means you have to compensate for the protein you would get from meat with peas and beans. Which brand of canned peas/beans would be the first in your shopping cart?

a) Grace 26% b) Green Giant 18% c) Goya 36% d) Libby’s 20%   There is a competition being put on by a popular

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b) Lasco 30% c) NuPak 10% d) Grace 48%  

There are about three sizes of canned mackerel you can find in the supermarket (small, medium and large). How do you normally buy canned mackerel? a) I prefer buying three of the smaller cans. 40% b) I don’t eat it often so I may just buy one of the larger can and store leftovers in a container. 12% c) It works out better for me if I purchase three of the larger cans. 24% d) Not specific, just depends on the cash I have on me or what I need it for. 24%  

Which one of the following statements would best fit your reason for purchasing canned food items? a) They are easy to prepare when it’s too late to make dinner. 20% b) They make great lunch meals for my children in little time. 14% c) They do not expire easily and can be stored for a rainy day. 10% d) All of the above. 56%   ** This survey was conducted with the participation of 30 persons who were consulted on the streets of Jamaica. The other 20 persons participated via the internet. ** The age demographic examined was 18 years old and over.

hotel to see who can come up with the best new corned beef recipe. Your friends tell you to enter so what brand would you use to create your recipe?

a) Kendel 12%

Visit YourMoney online at www.yourmoneyezine.com for more information or email us at editor@yourmoneyezine.com.


Business Lounge Is 50 the new 30? by: Kenarthur Alexander Mitchell Jr.

The days of working for a decade or two, then retiring and sit in a rocking chair and wait for death are over. Indeed, after working for so long, the usual procedure of retirement life follows; but hold on, retirees of today are not quite ready to take out the golf clubs, or book themselves into a retirement home. They seem to be heading back to the place where learning all began, school!

Recent information obtained from the Statistical Institute of Jamaica (STATIN) indicated, a decline in employment amongst the youth between the ages of 14-24 years by 16,200 (9.6%) between April 2007 and April 2008. The 25-34 and 3544 years age groups also registered declines in employment for the same period. However, the age groups 45-54, 55-64 and 65 years and over showed increased employment. This interesting information led Your Money to ask the question, is 50 the new and improved 30? Mrs. Joyce Campbell - Age Mid 40’s Physiotherapist.

Joyce explained her idea of going back to school and how much it has inspired her to further herself despite her age. “Well initially I wasn’t too fond of going back to school given the number of years I’ve been absent from the classroom and my main reason 4

YOUR MONEY • Business Lounge

for going back was to obtain the other necessary certificates in my field.” To Joyce’s surprise she has been enjoying the experience, “after the first week I wondered to myself why I didn’t do this earlier, the possibilities and opportunities are clearer than before” she explained.

Mrs. Veronica Shields – Age 50+

After Nurturing two Children right through to adulthood, pursuing a career in the corporate world and serving in social projects what else could possibly interest Veronica? Well culinary arts of course! “I love cooking and baking and I’m addicted to the Food Network channel. One day I said to myself why don’t I do something that I have so much interest in, after all, people need nutrition and people must eat.” Human Resource Managers from across the corporate arena also can attest to the slight changes observed in the behaviour amongst senior employees. Although the numbers may not be astonishing, overtime there has been a steady increase in persons requesting “flexi time” hours to pursue their studies and in return these employees would add relevance to their job with the experience already attained and the new information acquired through the courses. One manager best described it when he said, “Adults aren’t going back to school for certificates and degrees, but to learn”. Hence, with people now wanting to take control of their fate and what they become, we will continue to see this trend of matured students in universities to come and this can only be positive not only for them but also the country.


An Entrepreneur’s Life The 16-Hour Work Day

“The heights of great men reached and kept, were not attained by sudden flight; but they, while their companions slept, were toiling upwards in the night.” – Henry Wadsworth Longfellow Many people dream of starting a business so that they can work at their own pace; envisioning a life with more free time for friends, family and fun. Many aspiring entrepreneurs say that they want to escape the nine-to-five routine of a regular job. But is this a reality for the new entrepreneur – does creating your own business give you more leisure time? The truth is that once you venture out into your own enterprise, much of your time gets consumed into your business. You’ll definitely end up working much harder and longer than you did when you worked for someone else. In fact, if you are starting up a business while keeping your salaried income source, be prepared to put in double shifts. Welcome to the 16-hour work day. I remember when I first thought about forming my own business. Realising that the Internet was the ultimate marketplace, I decided to create a website to take advantage of its opportunities. For two months straight, I woke at 3 a.m. every morning and worked on the website content, then headed off to work by 7 a.m. This sacrifice gave me a great head start when I was ready to launch out on my own.

Make the best use of your time

The typical start-up business is usually a one-person show, with the entrepreneur taking on the tasks of product developer, marketing officer, accountant, bearer and even janitor. By at the end of a demanding day, it might seem that a lot of energy has been expended and very little results obtained. 4

YOUR MONEY - An Entrepreneur’s Life

Cherryl Hanson Simpson

The key to surviving long work shifts is to use your time wisely and organise your projects efficiently. It’s important to have clearly defined outcomes for each task that you take on. Instead of trying to do several activities at the same time and leaving each one half-finished, it might be more productive to devote one day to complete a specific activity. For example, on Mondays you could focus on product improvement, Tuesdays could be your accounting day, while Fridays could be dedicated to marketing and networking.

It’s not a permanent state

Although starting a business initially requires a lot of personal effort and determination, you don’t have to look forward to 16-hour work days forever. Unfortunately, many established entrepreneurs never adjust their operations to ensure that their dream of increased free time can become a reality. In our next column we’ll focus on strategies that you can employ to create more leisure time by working smarter, not harder. © 2009 Cherryl Hanson Simpson

Cherryl is a financial consultant and coach, and founder of Financially S.M.A.R.T. Services. See more of her work at www.financiallysmartonline.com. Email Cherryl at advice@financiallysmartonline.com. Please add this address to your email address book in order to ensure you receive a response.


Credits Publisher eZines Limited Managing Director Tyrone Wilson Your Money Reporters Shari Lyew Kenarthur Alexander Mitchell Kimberly Taffe Columnist Cherryl Hanson Simpson Design and Layout Omar Phinn

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