Yolofsky Law - September 2020

Yolofsky Law - September 2020

Insider MARCH 2020 My grandmother often reminded me of the adage mann tracht, un Gott lacht . Translated from the Yiddish, this means “Man plans, God laughs.” In 2020, this seems all too true. Yet, we are all empowered to work toward creating our own destiny. What if we focused on what we could control, rather than what lies outside of our ability to affect? From the Yolofsky Office THE HERO www. yo l of sky l aw. com (305) 702-8250

Making You a Hero to Your Family and Business

In mid-March, just before the coronavirus pandemic walloped the U.S., Statista released its estimates for college attendance in 2020 and beyond. It predicted 19.75 million students would show up for college in 2020, but it could be wildly wrong. Since that report came out, the pandemic has shuttered schools and disrupted the college application process. Online learning isn’t everyone’s cup of tea, but in 2020, it will be the new norm for many colleges. That challenge, combined with the overall mood of uncertainty in the U.S., just might lead to a record high number of kids choosing to take a gap year. According to Forbes magazine, gap years were already trending by April, even though “traditional” gap year activities like travel are off the table. The concept of a gap year thrills some parents and terrifies others. On the one hand, a year away from school can be a good opportunity for teens to gain independence, learn new skills, and figure out the future. On the other hand, there’s always the chance that a break from school could cause teens to waste their time or decide to defer college forever. If you’re a parent who’s worried about the latter, share these five tips below with your child. If they play it right, their “year off”might turn out to be their most productive year yet. 5 TIPS FOR LEVERAGING A GAP YEAR Your Teen’s Time Away From School Doesn’t Have to Be Wasted

With the country spiraling in different directions, we’ve heard countless stories of people who have taken this opportunity to rise above and change schools, careers, and even spouses — (our family law colleagues are getting very busy). The point is that even when the obstacles seem the largest, other opportunities present themselves. It is never too late to start over. There is always a different fork in the road. Sometimes one must keep going, even if everything has gone completely away from their original plan. The Marines taught me to improvise, adapt, and overcome. We can all benefit from this reminder.

With school getting into full swing, what lessons are we teaching our children about resilence?

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TIP NO. 1: GO TOWORK. Work experience is always a good thing, especially if it’s in your child’s eventual field of study. Encourage your teen to take this opportunity to give their “dream job” a test run. They may find it isn’t for them and save them thousands in tuition. Internships are also a good option. If online learning wasn’t the motivating factor behind your child choosing to take a gap year, you can suggest that they explore remote options through platforms like AngelList.com andWeWorkRemotely.com. TIP NO. 2: LEARN SOMETHING NEW. Usually, travel and cultural immersion are go-to gap year strategies for learning new things. However, your kid doesn’t actually need to head to Spain to learn Spanish — their fluency will be just as valid to a future employer if they pick it up from Duolingo. Additionally, YouTube video tutorials and online certification programs can lay the groundwork for any number of valuable skills, including coding, furniture building, and medical work. TIP NO. 3: START AN ONLINE BUSINESS. If your teen has an entrepreneurial spirit, encourage them to use their year off to start a business. Etsy is a great online platform to sell handmade items, and if they’re passionate about a craft, like writing or website development, they can conduct their business entirely online. Who knows! With a year of effort, they might make some money, and even if they don’t, they’ll learn something and add a line item to their resume.

TIP NO. 4: REACH OUT TO ROLE MODELS. Teens are not too young to start networking. Whether yours wants to be a welder, a professor, or a geologist, there are likely people in their field who they admire. If your kid seems stuck in a rut, suggest they reach out to their idols or join a group of other young people with similar interests. On the off chance they hear back from a giant in their field, they’ll make a priceless connection, and their peers may soon become their colleagues. TIP NO. 5: DEVELOP A SELF-MARKETING STRATEGY. According to the Student Conservation Association, 92% of kids who take a gap year do it in order to “gain life experiences and grow personally.” That personal growth can be valuable. If your teen knows their strengths, weaknesses, and how to represent themselves well, they will have a leg up in a job or fellowship interview. Before your kid goes back to school, you can sit down together and discuss how they’ll talk about their gap year and market what they’ve learned. Your teen doesn’t have to tackle all of these tips at once, but if they follow even one of them well, when they do head back to school, they’ll be wiser, more well-rounded, and better prepared for the next challenge.

OPTIMIZE YOUR SALES TEAM By Enhancing Their Leadership Qualities

Think about the traits of a leader. You may be thinking of someone who can take charge, isn’t afraid to fail, communicates clearly, has a passion for helping people, and is extroverted. Now, think of a successful salesperson. Do you see any overlap in characteristics? The answer is likely yes. Salespeople are natural leaders. They lead consumers to the best product or service, and they effectively push our economy and businesses forward. However, having multiple leaders on one team can create friction. As an entrepreneur or sales manager, you must create a work environment that nurtures your leaders in the sales department without causing issues. Those with an innate sense of leadership still need the right training and work environment to optimize their skills and excel. When you provide these, the

confidence of your team increases, their ability to sell effectively is boosted, and your sales numbers improve. It’s a win-win-win for you, your team, and the company. You can create a plan for cultivating leadership with these two steps. ANALYZE TRAITS Leaders do have defined traits, but no two leaders are alike. Pinpointing the qualities that make each team member an effective leader, and therefore great at their job, can help you identify sales teams or partners that will function harmoniously. (Coincidentally, this process will also show you who should not work together.) The best pairs feed off one another. Maybe you have one salesperson who is the best at explaining the technical aspects of your product, while another is the most empathetic and emotional seller. Together, they’re a winning combination.

PROVIDE LEADERSHIP TRAINING Learning is an essential part of sales. Salespeople have to understand the

demographic, cater to trends, and be the first to admit when a sales tactic is wrong. In addition to learning skills specific to their position, salespeople should also undergo leadership training. Many of these courses and teachings target managers who have employees, but when you encourage your team to apply these concepts to potential clients, they will learn what leadership skills they must nurture within themselves to get more sales. You can also take managerial leadership training and convert it into a program that targets your sales team.

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STREAMING SERVICES CHANGE THE FACE OF ENTERTAINMENT Enjoy Your Favorite Films Earlier

The way we watch our favorite shows and movies has changed drastically in recent years and even more so this year. With the pandemic impacting the world, people found themselves stuck inside their homes looking for new sources of entertainment, and many found exactly what they were looking for through the numerous streaming services available to us. The pandemic made time for people to watch their favorite shows again and again, and it also changed the way businesses, such as Disney and Universal Studios, release their movies. Throughout the spring, many movies were released early and some skipped theater showings all together. “Trolls: World Tour”was released through video-on-demand and earned nearly $100 million in rental fees on its April 10 debut, grossing far more than the first “Trolls” movie debut in 2016. Other movies, such as “Onward” and“Frozen II,”were released early on different digital platforms for purchase or rent.

One of the most anticipated early releases under this new system is “Hamilton.”This hit Broadway show has drawn thousands of people to the theater since its debut in 2015. A stage performance of “Hamilton”was filmed in 2016 in

just over three days. The resulting movie creates an opportunity for everyone to see the show, regardless if they were able to catch it live on stage. Disney bought the rights to the film last year and announced this February that it would be released on Oct. 15, 2021, in theaters. However, due to the pandemic, Disney decided that what people needed most was something they could enjoy, even if they couldn’t leave their homes. On May 12, the studio announced the filmwould be available to stream on Disney+ starting on the July Fourth holiday. “Hamilton” fans and those who’ve never seen the play are thrilled to watch the film 16 months in advance of the originally scheduled release. Streaming services have changed how people consume their entertainment, and the pandemic has changed how streaming services offer it. Both changes are helping people get through these difficult times.

Take a Break

The summer isn’t over yet! Get out the grill for this delicious steak dinner. Balsamic Marinated Flank Steak

Ingredients

• • • • •

2 garlic cloves, sliced

•

1 cup extra-virgin olive oil, plus more for grilling

1 tbsp fresh rosemary leaves

1 tbsp dried oregano

• • •

1 3-lb flank steak Kosher salt, to taste

2 tbsp whole-grain mustard 1/2 cup balsamic vinegar

Freshly ground pepper, to taste

Directions 1.

Combine garlic, rosemary, oregano, mustard, and vinegar in a blender. Purée until garlic is minced. Add oil and continue blending until creamy, then season with salt and pepper to taste. Reserve 1/4 cup. Place steak in a ceramic or glass baking dish and cover steak with the remaining marinade. Turn to coat the other side, cover, and let marinate in the fridge for at least 4 hours.

4.

Remove steak from marinade and let excess marinade drip off. Sprinkle the steak lightly with salt and pepper.

2.

5. Light grill and oil grates with olive oil. 6. Grill steak over moderate heat for 10–12 minutes, turning halfway through, until steak is lightly charred and the internal temperature reaches 125 F.

3.

7.

Let the steak rest for 5 minutes. Thinly slice, drizzle reserved sauce, and serve.

Inspired by FoodAndWine.com

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INSIDE THIS ISSUE From the Yolofsky Office PAGE 1 5 Tips for Leveraging a Gap Year PAGE 1 2 Steps to Cultivate Leadership in Your Sales Team PAGE 2 Streaming Services Change Entertainment PAGE 3 Take a Break! PAGE 3 Balsamic Marinated Flank Steak PAGE 3 Eco-Friendly DIY Outdoor

Games PAGE 4

Got an Old Tire? REUSE OLD MATERIALS FOR ECO-FRIENDLY OUTDOOR GAMES

TETHERBALL Even if a tire swing isn’t in the cards for your family, don’t relinquish your old tire just yet! Turn it into another playground favorite: tetherball. Premade tetherball sets can cost up to $100, but a DIY version can cost less than $50. To start, you’ll need the tire, a metal pole, some pieces of rebar, cement, a round swivel eye bolt snap, and a tetherball on a rope. You’ll also need to use an impact drill with a bit made for metal. Drill a cross section of holes at the bottom of the metal pole and thread the pieces of rebar through each. Then drill a hole at the top for your round swivel eye bolt snap so you have a place to tie the rope. After centering the pole in the tire (using the end with the rebar pieces as the base), pour the cement in and let it dry. Once it’s dry, hang the ball with the bolt snap and watch your kids play tetherball for summers to come!

Looking for ways to get your kids outdoors while teaching them how to be more eco- friendly? Try saving your old tires and soda bottles to make these fun outdoor games for the whole family! TIRE SWINGS Have you ever played swing games like Tumbling Tower? Build a tower of cardboard boxes and see if your child can use their feet or shoes to kick it down while swinging! Tire swings are great for games or just enjoying the outdoors while the wind rushes through your hair. Few pieces of outdoor play equipment are more enticing than a swing for children and adults alike. This project doesn’t cost very much, either. You just need a tire, rope, power drill, and the biggest tree in your yard. If you don’t have a tree, you can make a sturdy swing post with lumber!

BOWLING Have empty plastic soda bottles from your last takeout meal? Collect them, paint them white, and put two red stripes around the neck. Now you’ve got bowling pins! You don’t need a heavy bowling ball for this DIY set, either. Use a tennis or soccer ball to get the ball rolling on some family bowling at home. You don’t need games as popular as Minecraft to make special memories in your backyard. Take inspiration from these ideas and create your own family fun!

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