Surf City Lawyers - February 2019



Company growth is the top priority for many entrepreneurs. If a business stagnates, it will eventually fail. However, when leaders focus solely on finding the best ways to reach new customers, they often overlook an integral part of running a cohesive company. While an operational-minded approach will do wonders for the efficiency of your business, behind every company’s success are the employees who made it possible. That’s why this Valentine’s Day is the perfect time to create a culture of love in your company. FAMILY One of the best things you can do is invest in what matters most to your employees: their families. A familiar problem for many business owners is that their families can fall by the wayside amid the complications of running an organization. Your employees can also face this struggle. The chaos of trying to raise children while balancing a career and a personal life is a significant stressor. As the leader of your company, you can help ease these burdens. A date night for an anniversary, spontaneous time

off, or even added vacation time are all simple gestures that go a long way to create a company culture where your employees feel loved. AUTONOMY A dangerous pitfall for many entrepreneurs is developing a detachment between their own work life and the work lives of their team members. During the growth of the business, owners can fall into the age-old employee-boss mindset, and that hierarchy often creates a rigid environment. The moment an employee starts to look at their manager as a boss is also when they start to see their work as a job rather than a career they’re excited about. Trust and autonomy are essential to developing a productive professional relationship, and offering your employees remote work, flexible schedules, and the freedom to take control of their workdays are great ways to establish reciprocal relationships and foster entrepreneurial mindsets. Try some of these tactics at your company this February to create a culture of love where your employees and customers thrive.

Adam McKay’s “The Big Short” captivated audiences when it came out in 2015. Cleverly detailing the myriad of pitfalls that caused the housing crisis and economic collapse in 2008, the film left many questioning the integrity of our financial system. After years of recession and rock-bottom equity, the economy recovered, but the confidence Americans had in it did not. Citizens seem to be looking over their shoulders, waiting for the next economic collapse. This paranoia has brought about new theories on the next crash — each one citing evidence for why their version of doomsday is accurate. Most of these theorists are selling snake oil, but some offer thought-provoking arguments. One thing is certain: The economy is cyclical. There are peaks and valleys, and if those high points and low points aren’t too drastic, then our country goes on without significant issues. Problems arise when the highs climb too high and the lows sink too low. The closer the economy gets to rock bottom, the more vulnerable the average American citizen becomes. Did the Economic Crisis of 2008 Create Another Financial Bubble? STUDENT LOANS: A SEQUEL TO ‘THE BIG SHORT’

Short” told the story of those who noticed the warning signs and took heed. While these individuals made a fortune from the collapse, many American citizens were faced with a predicament: Find a new job or go back to school. University and college enrollment across the country boomed in response to this ultimatum, and thus created a stimulus for student loans, which is another economic concern. With the cost of receiving an education outpacing many people’s ability to repay it, one theory suggests student loans have created a bubble that could cause economic decline. Whether this supposition is a farce or rooted in sound evidence is up for discussion, but we recognize that the ability to get out from under your student loans is necessary for creating financial stability. Contact our firm today to see how we might be able to help. Christine Kingston has discharged more than a million dollars in student loans, and her expertise is at your fingertips.

While subprime mortgages and irresponsible banking generated the 2008 collapse, the roots took hold years before Wall Street crashed. “The Big 2

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