Reib Law - November 2020

Reib Law - November 2020

SHATTERPROOF NEWSLETTER

NOVEMBER 2020

WWW.REIBLAW.COM | 940.591.0600

systems for all the hats you have to wear until you can pass them off to other employees at your business.

Think of McDonald’s. They definitely don’t have the best burgers in the world, but that franchise is incredibly successful because it’s incredibly consistent . You know exactly what you’re in for at any McDonald’s in the world, largely thanks to their systems. I’ve been on a quest to build systems since reading Gerber’s book. I’ve hired business coaches to help me create systems, and even after a period of years, I still find tasks and processes at REIBLAW that I don’t yet have a system for. A crucial element of systemizing your business, according to Gerber’s book, is finding time to work on your business without working in it. When you’re just going through the daily motions, making sure your business stays afloat, it’s like tossing water out of a leaky ship with a bucket without actually plugging the holes. When you set time aside to look at your business from 30,000 feet, you’re able to work toward the ultimate goal of any business owner — to create a business you could sell, even if you’re planning to hang on to it for years to come.

THE BOOK THAT HELPED REIBLAW BECOME WHAT IT IS TODAY HAVE YOU READ THIS BOOK?

When you strike out to start up your own business, just knowing your profession, whether that’s mechanics, law, sandwich making, or something else, becomes half the battle toward being successful. Then, on top of knowing your profession really well, you also have to take on all the responsibilities of marketing your business, managing your finances, and doing about a million other things you didn’t have to do when you were working for someone else. You could honestly write a whole how-to book on the subject — but luckily, you don’t have to. Nov. 7 is National Book Lover’s Day — a day to celebrate reading in general, along with the best books we’ve read in the past. For me, one of the most influential books was “The E-Myth Revisited” by Michael Gerber. It’s the book that got me thinking about practicing law in different ways than most lawyers do. Most lawyers think of themselves as professionals only, whether they run their own practice or not. What Gerber’s book makes clear is that in order to be a successful business owner, you can’t just think of yourself as a professional anymore. You have to be a marketer, a systems organizer, an HR manager, and so much more. Thinking back on “The E-Myth Revisited,” a few points that Gerber made stood out to me in particular. The first was that even if you’re not trying to franchise your business, you should run your business like it’s a franchise. What Gerber meant was that you should relentlessly build

JUST LIKE THE SYSTEMS YOU CAN IMPLEMENT IN YOUR SMALL BUSINESS, REIBLAW IS HERE TO MAKE YOUR LIFE AS A SMALL BUSINESS OWNER EASIER. VISIT OUR WEBSITE AT REIBLAW.COM/NLFREE TO SEE WHAT WE CAN DO FOR YOU!

“The E-Myth Revisited" really changed my perspective on how to successfully run a business. Without understanding the importance of systems, I have no doubt that REIBLAW would not be where it is today. If you haven’t read Michael Gerber’s book, or “The E-Myth,” which precedes “The E-Myth Revisited,” I would recommend them to any business owner who wants to be more than just a professional. Just like the systems you can implement in your small business, REIBLAW is here to make your life as a small business owner easier. We can make the legal issues associated with owning a business easy to manage so you can have more time to do the parts of your job you love most. Visit our website today at ReibLaw.com/nlfree, or give us a call at (940) 591-0600 to see what we can do for you! – Scott Reib

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‘DARE TO LEAD’

WITH BRENÉ BROWN’S BESTSELLING BOOK

In “Dare to Lead,” Brown examines the four pillars of courageous leadership and how business leaders today can practice and perfect it. Brown teaches the four pillars through her consulting work and has seen radical changes in organizations that practice courageous leadership. Brown offers examples — from well-known CEOs and within her own business — to walk readers through real-life applications of courage and how to create stronger teams through vulnerability. Brown exposes how business cultures that don’t practice vulnerability are ineffective as a result. She theorizes that often, these workspaces are filled with fear, uncertainty, and scarcity. To remove these negative traits, Brown offers leaders a road map to build their courage while practicing vulnerability and creating happier work environments. Brown has spent the past two decades researching and breaking down emotional concepts into tangible goals for her readers and followers. She is the owner of The Daring Way, a consulting firm that helps businesses develop vulnerability in leadership and the workplace. She is also the host of the podcast “Unlocking Us” and has one of the most-watched videos of all time, “The Power of Vulnerability.” You can learn more about Brown’s work and find “Dare to Lead” at BreneBrown.com.

How many leaders do you know who will admit to their mistakes openly and honestly to their team? How many leaders have you heard ask their team for direction? How many leaders are willing to step aside so someone else can shine? Chances are if you know that leader — or if you are that leader — then you understand the future of leadership, according to author, researcher, and teacher Brené Brown, Ph.D., author of “Dare to Lead: Brave Work. Tough Conversations. Whole Hearts.” In this book, Brown details

her seven years researching and gaining a better understanding of leadership. She interviewed business leaders at both small and large companies, asking questions that revealed what great leadership looks like. Together with her research team, she learned why certain workspaces thrive and grow while others, with seemingly just as powerful of ideas, wither and die. And it all boiled down to one thing, Brown says: courage.

BIZ TOOL OF THE MONTH: SCANNER FOR ME

NO SCANNER? NO PROBLEM.

manner — all the more important in an age where businesses are trying to find ways to limit in-person contact with their customers. With the Scanner For Me app, you can receive and convert pictures of documents into digital files from anywhere, at any time. Along with clients’ documents, Scanner For Me is also great for saving digital copies of receipts for business expenses, book pages, articles to read later, and much more. While the standard version of the app is free, you can subscribe to the premium version, which has additional features, including the ability to sign documents and highlight key points in- app, as well as scan and share without limits. Regardless of which version works for you, organizing your most important information just got a whole lot easier. Whether you need advice for the legal side of things in your business or help protecting your assets and getting your estate plan in order, you can trust your information will be safe at REIBLAW. Visit our website at ReibLaw.com to see what we can do for you.

Gone are the days of constantly needing to scan important documents. If you have a scanner at your business, and scanning documents from clients, patients, or customers was a part of some of your business’s systems, you might have been in the same position I was back in March. Like every business, I had to severely limit my contact with clients, which made getting their signed documents and scanning them a huge hassle. That’s why during the pandemic, the Scanner For Me app has been the ultimate biz tool. When you have the Scanner For Me app on your phone, all you need is a picture of the document you need to scan. On their own, photos of documents would be useless for record- keeping, but when you run them through Scanner For Me, whatever the condition of the document in the photo, it will turn it into a digital image you can then store and back up in your files. This app completely eliminates the need for a scanner in the office and having to meet face-to-face to get important documents from patients, customers, or clients in a timely

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CONSIDERATIONS TO MAKE WHEN CREATING YOUR WILL

DON’T FORGET ANY OF THESE CRUCIAL STEPS!

of your assets. Instead, they pass directly to beneficiaries by means of a separate legal document called a beneficiary designation. Make sure to review who the beneficiaries of these assets are when planning your will. DON’T RUSH YOUR SEARCH FOR A LEGAL GUARDIAN A key element of any will for parents with young children is designating someone as their children’s legal guardian. As any parent can probably intuit, this is not a decision to be made lightly. Consider all the ways in which a proper guardian could ensure your child’s well-being, and choose the guardian who can give them the best path forward in life. COME TO THE EXPERTS WHEN YOU NEED IT While this list may provide a little more insight into what you should consider when constructing a will, you should always come to the experts for their input as well. REIBLAW can help you create an airtight last will and testament with no problems at all. Visit the link at

Lots of people put off creating their last will and testament — and understandably so. The process reminds us of our own mortality, and because there are several factors to consider, doing it right can take time. So, to get you started on the right track, here are a few key considerations for creating a will. TAKE ACCOUNT OF ALL YOUR ASSETS Your assets are more than just your house, cars, business, and savings accounts. In this day and age, you might not consider several items “assets” in the traditional sense, but they are nonetheless legally considered so. These include digital and biological assets, such as domain names, social media accounts that generate money, and even frozen embryos. REMEMBER TO CONSIDER JOINT PROPERTY If you own an asset jointly with a spouse or a business partner, these assets fall outside your will. Upon your death, the asset will pass directly to the surviving owner, bypassing any instructions that say otherwise in your final wishes. DON’T FORGET ABOUT BENEFICIARY DESIGNATIONS Certain assets, which include IRAs, life insurance, and annuities, don’t go through the probate process like the rest

ReibLaw.com/nlfree, fill out the questionnaire, and we’ll get you signed up for a consultation.

CINNAMON-SPICED CANDIED SWEET POTATOES

We want your feedback! In editions of this newsletter, we’ve covered everything from business contracts to how to handle the former spouse who wound up with everything because there was no business succession plan in place. But now we’re wondering: What would you like to see? You know those legal questions that Google can’t give you a satisfactory answer to? The ones that keep you up at night as you wonder whether it’s time to call a lawyer? We want to answer those. Send us your questions, and we’ll use them to address the topics you want to know more about. Text your questions and curiosities to 972.677.3002 .

Inspired by FoodAndWine.com

INGREDIENTS

• 1 tbsp kosher salt • 1/4 tsp ground cloves • 1/4 cup unsalted butter, cubed • 4 (2-inch) cinnamon sticks

• 4 lbs orange-fleshed sweet potatoes, peeled and cut

crosswise into 2-inch pieces, then cut lengthwise into 1-inch wedges • 1 cup light brown sugar, packed

DIRECTIONS

1. Preheat oven to 350 F.

2. Place sweet potato wedges in a 4-quart baking dish.

3. Sprinkle sugar, salt, and cloves over sweet potatoes.

4. Dot with butter and place cinnamon sticks around sweet potatoes.

5. Bake, turning every 15 minutes, until sweet potatoes are tender and the liquid is syrupy, about 1 hour and 15 minutes.

6. Remove from the oven and let stand for 10 minutes.

7. Discard cinnamon sticks and serve.

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WWW.REIBLAW.COM | 940.591.0600

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Researcher Brené Brown Helps Leaders Find Their Vulnerability — and Succeed INSIDE THIS ISSUE 1 2

The Book That Helped REIBLAW Become What It Is Today

2 3 3 4

Biz Tool of the Month: Scanner For Me

Key Considerations When Creating a Will

Cinnamon-Spiced Candied Sweet Potatoes

A Number of Importance

THE 11TH HOUR OF THE 11TH DAY OF THE 11TH MONTH

WHY VETERANS DAY AND THE NUMBER 11 GO HAND IN HAND Veterans Day comes every Nov. 11. It’s a national holiday that recognizes veterans who served in the United States Armed

The change was made in order to recognize all veterans who had honorably served their country. By 1954, the U.S. had fought in more wars — specifically World War II and the Korean War — and hundreds of thousands more Americans had served. Unsurprisingly, there was some political drama surrounding the day. In 1968, Congress made Veterans Day a federal holiday under the Uniform Holiday Bill. The idea was to increase the number of three-day weekends in the year. Veterans Day became a holiday that would fall on the fourth Monday of October, a far cry from Nov. 11.

Forces and honors those both living and deceased. Historically, the day marks Armistice Day and the end of the Great War: World War I. But what is the significance of the number 11?

The armistice was signed at 5:45 a.m. in France, but it took effect at 11 a.m. that same morning — which happened to be Nov. 11, 1918. The armistice originally lasted 36 days but was extended month after month. This led to the signing of the Treaty of Versailles on June 28, 1919, when peace was officially declared. Later that year, President Woodrow Wilson proclaimed that Nov. 11 would be known as Armistice Day to honor those who fought in the Great War. This lasted until 1954, when President Dwight Eisenhower signed a proclamation turning Armistice Day into Veterans Day.

However, in 1978, Veterans Day was restored to its original Nov. 11 date. But why?

The answer is simple. It’s a number that sticks with you. When the clock strikes 11:11, you always take notice. By that same notion, we all remember the 11th hour of the 11th day of the 11th month. Because of this, we’ll never forget the end of the Great War, nor will we forget those who served.

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