Check out our June newsletter!
June 2020
714-384-6531 | www.maillylaw.com
Navigating the New Business Landscape Effective Leadership in a Crisis
One thing I’ve learned from the outstanding CEOs I work with is that crisis moments are crucial to a business’ success. Great leaders seize the opportunities that arise in a crisis. While these CEOs head companies in different industries, they use several of the same techniques to ensure their company stands out among the rest in stressful situations. The first characteristic I see in these executives is that they exude confidence, not fear, when tensions are high. They use this confidence and their vision to find new opportunities to build up the company during troubling times, and they speak truthfully about how they’ll execute their plans to capitalize on these opportunities. In addition to new opportunities, executives also have to recognize the challenges they face and address them with their staff and stakeholders. Employees always have a sense when there are issues, but if you’re honest with them, then they will respond well because they want to help the company as well as keep their jobs. Stakeholders will react similarly since they want to protect their investment. We have seen political leaders and others deliver messages with a similar confidence and truth. Notably, I have been impressed with Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. He is “real,” for lack of a better term, in press conferences and has the confidence to disagree with political leaders when needed. As CEOs manage their staff and stakeholders, they also look carefully at all business functions to ensure they are correctly maintained. This is crucial not only for a company’s quality control during a crisis but also for its success afterward. If leaders see a problem, they assume the responsibility to identify it and fix it before it escalates.
“Employees always have a sense when there are issues, but if you’re honest with them, then they will respond well because they want to help the company as well as keep their jobs. Stakeholders will react similarly since they want to protect their investment.”
Recession, so many of my clients moved forward with their vision for the future, confident that it would pass. The difficulties of the last few months may lead to some companies expanding as they consolidate or merge with smaller and midsize companies, and managers will be eager to retain key employees in the new market. If you find yourself needing to explore your options with a retention agreement because you are one of the key employees, then feel free to call the office anytime. Stay safe, everyone.
The communication style of the CEOs I work with is also reflected in their marketing. They understand that boldness instills confidence, but they have to handle this carefully. They want to ensure their messaging addresses the crisis and also reveals how they plan to rise above it. Every successful executive I speak with maintains hope even in the face of challenges. They know they will get through it, and they can see the light at the end of the tunnel before most of us. Knowing that gives them the confidence to act on bold marketing campaigns and lead their team through hard times. During the Great
-Guy Mailly
www.maillylaw.com | 1
Published by The Newsletter Pro • www.newsletterpro.com
ABOUT TO RETIRE? CONSIDER THESE LOW-RISK, HIGH-RETURN INVESTMENTS
As you age, it’s wise to make some changes in order to stay healthy, like your diet or your workout routine. Likewise, your portfolio should be adjusted to reduce risk and protect your financial health. After a bad turn in the market, it can take up to a decade to make your money back. If you want to retire in the next five years, then can you really afford that risk? Reducing your risk doesn’t necessarily mean missing out on high-return investments, though. Here are some low-risk, high-return investments to consider adding to your portfolio as you approach retirement. PEER-TO-PEER LENDING Otherwise known as P2P lending, this investment takes place online. Borrowers are matched with investors for loans that benefit both parties — lending without the bank. Your risk and potential returns depend entirely on which loans you choose to invest in. The two most popular P2P lending platforms are Lending Club and Prosper, and you can start investing in either platform with as little as $25. REAL ESTATE INVESTMENT TRUSTS When you invest in real estate investment trusts (REIT), you’re investing in mortgages or direct equity positions in various properties. When the stock market is in decline, REITs are a good investment because they’re not corrected with stock exchanges. Plus, their yield is usually higher than the dividends investors get from stocks.
FIXED INDEXED ANNUITIES When it comes to low-risk, high-return investments, fixed indexed annuities (FIA) are the most attractive option for retirees. In 2018, renowned economist professor Roger Ibbotson conducted research into the return history of inflation, U.S. Treasury bills, government bonds, FIAs, and stocks. Unsurprisingly, stocks offered the highest returns historically, but Ibbotson was surprised to find FIAs came in second, beating out bonds and conventional wisdom.
Historically, these investments have produced great returns for individuals who are in retirement or who are about to retire. However, remember that everyone’s circumstances are different. Before making any changes to your portfolio, talk to your financial planner about your options. TIMES THE OLYMPICSWERE CANCELED And the Postponement of the 2020 Tokyo Games
WorldWar II caused the next two cancellations. The 1940 Olympics were initially scheduled to be held in Tokyo. It would have been the first time the games were hosted by a non-Western country, but Japan forfeited the right to host when they invaded China in 1937. The games were then rebooked for Helsinki, Finland, but after Nazi Germany invaded Poland in 1939 and startedWWII, those games were scrapped as well. Since the fighting hadn’t ceased by the time the games were supposed to happen in Cortina d’Ampezzo, Italy, in 1944, the Olympics were canceled again. Though the Olympics have happened on schedule since the end of WWII, the United States has not always participated. In 1980, when the U.S. boycotted the Olympics that were held in Moscow, Russia, in protest of the Soviet Union’s invasion of Afghanistan, 64 other nations followed suit. However, those games still went on as planned and 80 countries participated. The fact that major global conflicts are the only other events that have been catastrophic enough to affect the Olympics might be distressing and elevate anxiety about our current global health crisis. However, it’s important to keep in mind that the Olympics have only been postponed this time, not canceled. We’ll still get to cheer on our favorite Olympians next year.
In late March, amid the global spread of COVID-19, the International Olympic Committee announced the postponement of the 2020 Olympic Games. They were slated to take place in Tokyo, Japan, this summer, but they will now happen in the summer of 2021. While this is an unprecedented decision, it’s not the first time that major global events have affected the Olympic Games or which countries participated. Since the inception of the modern Olympic Games in 1896, they have been outright canceled three times — 1916, 1940, and 1944. The first cancellation of the Olympic Games happened duringWorldWar I. The German Empire was supposed to host the games in Berlin, but by the time 1916 rolled around, Europe was deep in the trenches of WWI. Many nations had sent their athletes to fight in the war, so the games were canceled.
2 | 714-384-6531
Published by The Newsletter Pro • www.newsletterpro.com
TAKE A BREAK
TURN YOUR VACATION INTO A STAYCATION
3 Ways to Replace a Canceled Vacation
Vacations provide opportunities for families to spend time together in a relaxed environment, get away from the routines of everyday life, and create meaningful memories. If you’ve recently had to cancel a trip but still want to create the experience of a vacation for your family, then a staycation is just what you need. TRANSFORM YOUR BACKYARD When you’re trying to recreate a vacation, the outdoor areas of your home present a variety of possibilities. You can turn a sandbox into a relaxing beach, complete with a kiddie pool “ocean.” If you have trees, then set up a zip line or obstacle course. You can even stimulate summer brains with a scavenger hunt around the backyard with hidden clues in the dirt or bushes. The ultimate prize can be something you would have purchased on your original vacation, like a souvenir you can find online. CREATE A ‘FAMILY MUSEUM’ Many vacations include an educational aspect in order to enrich our understanding of the place we’re visiting, and museums are a great way to accomplish that. If you’re confined to the house, then teach your kids about your own knowledge and interests and encourage them to get creative and make their own contributions, too. Have everyone create art, take photos, or write about their prized possessions. Display these masterpieces around your home and let their creators take you on a tour. Learning more about one another builds meaningful bonds. BRING YOUR TRIP HOME You probably chose your original vacation destination in order to experience new and different cultures and activities. But just because you’re no longer traveling to that location doesn’t mean you can’t experience some of what it has to offer! Research popular local cuisine, activities, and history of the area, then create ways to experience them with your family. Cook a traditional meal, recreate a scenic location through photographs, or share a story about local lore and history. Your changed plans will no longer feel like a missed opportunity. Staying at home doesn’t mean your family can’t have the fun of a vacation. All it takes is a little creativity and innovation to build an experience that will bring your family closer together.
GRILLED BASIL CHICKEN AND TOMATOES
Inspired by TasteOfHome.com
You can’t go wrong with grilled chicken and tomatoes on a warm summer’s evening. It’s a simple recipe that packs a flavor punch.
Ingredients
basil leaves
•
2 tbsp olive oil
•
8 Roma tomatoes
•
1 clove garlic
•
4 boneless skinless chicken breast halves (4 oz each)
•
1/2 tsp salt
•
3/4 cup balsamic vinegar
•
1/4 cup tightly packed fresh
Directions
1. For marinade: In blender, combine olive oil, garlic, salt, vinegar, and basil. Cut 2 tomatoes into quarters and add to mixture. Cover and process until blended. Halve remaining tomatoes for grilling.
2. In bowl, combine chicken and 2/3 cup marinade. Cover and refrigerate for 1 hour. Reserve remaining marinade.
3. Heat grill to about 350–400 F. Lightly oil grates. Grill chicken until internal temperature reads 165 F, about 4–6 minutes per side. Grill tomatoes until lightly browned, about 2–4 minutes per side. Discard remaining marinade.
4. Serve chicken and tomatoes with reserved marinade.
www.maillylaw.com | 3
Published by The Newsletter Pro • www.newsletterpro.com
PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
714-384-6531 www.maillylaw.com Mailly Law
695 Town Center Drive, Suite 700 Costa Mesa, CA 92626
INSIDE THIS ISSUE
1
How Effective Leaders Act in Crisis
Best Investments for Retirees Have the Olympics Ever Been Postponed Before?
2
Grilled Basil Chicken and Tomatoes 3 Enriching Staycation Ideas
3
4
Help Local Nonprofits in Challenging Times
THE BEST WAYS TO HELP LOCAL NONPROFITS IN CHALLENGING TIMES
VOLUNTEER
Over the past several months, families, businesses, and nonprofits have had to navigate life in this challenging “new normal,” and it can be hard to support your favorite nonprofits when times are tough. Here are a few ways you can help these important entities, even when you don’t have resources to spare right now.
In a time of social distancing, volunteering may be discouraged, but nonprofits still need volunteers to operate. The good news is that many nonprofits need volunteers for positions that maintain social distance, such as driving. Food banks and kitchens need drivers to pick up donations or ingredients from donors and to deliver food to people in need, such as the elderly or those with disabilities.
DONATE
While many people donate generously during the holiday season, remember that nonprofits need donations throughout the year, and different nonprofits need different things. A monetary donation can often go a long way, but never feel obligated to give money, especially when your budget may be tight. Instead, consider cleaning out your closet. What clothes, shoes, or other accessories can you part with? What about dishware or small appliances? When you clean out your home and donate unused items, you benefit those in the community who need them most.
ADVOCATE
Even if you don’t have time or resources to give, you can become an advocate for important causes around your community. While it might not seem like much, sharing information about local nonprofits on social media can make a genuine difference. Nonprofits need exposure, which is greatly boosted through community support. Sharing useful information about nonprofits — or sharing their posts — increases their visibility so more people will take action.
4 | 714-384-6531
Published by The Newsletter Pro • www.newsletterpro.com
Page 1 Page 2 Page 3 Page 4Made with FlippingBook Publishing Software