Gibson Law Group - October 2022

DIVING DOWN WITH GLG

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OCTOBER 2022

My daughter, Taylor, just moved to Colorado Springs, Colorado, to set up her own clinical behavioral therapy practice. I’m incredibly proud of her — and not just because I’m her dad! She works hard and does a great job helping kids. Plus, I’ve had a lot of fun guiding her through setting up her business. It hasn’t been easy. Honestly, I’ve talked her down from the ledge more than once! She has come up against the same fears that haunt every young entrepreneur. She’s afraid to rent office space, afraid to hire people, and afraid to pay a bookkeeper. You could say that starting her business feels a bit like walking through the door of a Halloween haunted house. She’s afraid of absolutely everything involved in the startup process because it all costs money. An expensive “ghost” or “zombie” could pop up at any moment! You probably had those same worries as a young entrepreneur, and maybe you have the jitters again about starting a new venture. Just in case you’re feeling spooked or have an entrepreneur friend who is, I’ll give you the same three pieces of advice I gave Taylor. 1. Take your expenses one month at a time. Imagine you’ve signed a three-year lease for office space. It’s a $36,000 commitment, which seems like a lot — but remember, you don’t have to pay $36,000! You only need to pay $1,000 per month in rent. Looking at it that way makes the whole thing feel much more doable. When Taylor signed her lease, I told her to look at it in terms of her clients. “How many clients do you need to have each month to pay your lease?” I asked. She ran the numbers and said, “Three!” “So, can you get three clients?” I wanted to know. “Of course, I can,” she said. Suddenly, the lease didn’t seem so scary anymore and it was super exciting when she called me up to brag about landing her fourth client. Break every expense into small, manageable bites and ask yourself, “How many sales do I have to make to cover this monthly bill?” 2. Look at your opportunity costs. Entrepreneurs rarely think about their opportunity costs; they feel like doing things themselves will always save them money. This just isn’t true! Think about a doctor who makes $500 per hour. Should she be doing 3 Ways to Overcome Startup Jitters And Survive the Business ‘Haunted House’!

her own bookkeeping and answering her own phones, or hire a $200-per-month bookkeeper and $15-per-hour receptionist to do those things so she can see more patients? When you compare the $500 per hour she could be making (a missed opportunity) against the bookkeeper’s $200 per month cost, the answer is obvious. 3. Ask for help now to save money later. You may be afraid of paying legal fees during the startup phase and think you can save money by downloading a contract from the internet or double-checking your lease by yourself. But this will only come back to bite you later. If you buy a junk document, it will cost 3–5 times more to have me fix it than if you’d picked up the phone and called me in the first place. If you have a question or want to feel out the cost of setting up an LLC or drafting an employment agreement, you can always call me at 214-697-3034. I’ll answer your question for free 99% of the time, and you’ll save a boatload of money long-term. Starting a business is scary at first, like visiting a haunted house, but once you get through the fear, you have a blast! The thrill is part of the fun. Before I go, I’ll tell you a secret: I’m not afraid of business ghosts or zombies, but I have an irrational fear (from childhood) of flying off overpasses. Even though I have never flown off an overpass, when I drive over one (imagine the High 5 in a drop-top Beamer!), I still have flashbacks from the nightmare I used to have in early childhood. I don’t let that keep me from getting behind the wheel though. This fall, don’t let your fears stop you from pursuing your business dream — and if you have a friend who’s shaking in their boots right now, hand them this newsletter. I’m here to help. Now, as for werewolves … nope!

–David Gibson

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Teenager Saves a Woman’s Life After Taking One First-Aid Training Class

a first-aid class through the Red Cross. In this class, she learned the Heimlich maneuver, which Raley used to dislodge the chicken nugget the woman had eaten. Although the woman was in shock after what she endured, she felt grateful for the teen and her act of heroism. Her bravery didn’t go unnoticed by Paul Ostergaard either, the owner-operator of the McDonald’s where Raley worked. He told CNN, “Sydney truly personifies what it is to be a hero.” In addition to this recognition, Raley also received $100 from a fund first-responders use to reward people who do brave work within the community. Thank you, Sydney, for showing us that not all heroes wear capes — they are in our community everywhere we go. We encourage everyone to take a first-aid training course, so all of us can become the heroes of tomorrow. Plus, you never know when that knowledge will come in handy.

It was a typical day at work for 15-year-old McDonald’s worker Sydney Raley — she was taking orders, engaging with customers, and delivering food. Everything went as planned for Raley until the unexpected happened. After handing a woman part of her order, Raley left the drive-thru window to retrieve the rest of her food. But when she returned, something strange happened. “She was coughing like crazy, and I noticed she was gagging … I immediately knew, ‘Oh, no, she’s choking,’” Raley told CNN. The woman’s daughter freaked out because she felt so scared for her mother. Even some of the McDonald’s employees seemed shocked and momentarily unable to take action. Luckily, Raley knew what to do. She immediately told her colleague to dial 911 as she dove through the drive-thru window to help the choking woman. Besides working at the fast-food chain, Raley was also a babysitter and had taken

Never a Dull Moment Why We Should Live for Today

When mindful, we concentrate on what others say and become more fully present. We also start to notice the small things we usually overlook: the cool breeze on our skin, the sound of the birds, the feel of a sweater, or the sight of our loved ones smiling. Our lives become fuller. And our stress decreases because we’re not clinging to things beyond our command. No one ever stops worrying entirely, and some planning is necessary to live a successful life. But too much can leave us with no energy or time to enjoy it. John Lennon once sang, “Life is what happens to you while you’re busy making other plans.” Start living in the present so you don’t blink and miss yours.

We can’t change the past, nor can we predict or guarantee the future. In the end, all we have is the present, yet most of us live our lives ignoring its many possibilities. It’s easy to tune out the life around you, especially if you do many of the same things every day. Taking care of the kids, commuting, working, and running errands can blur together. Just as bad, when life isn’t going the way we want, it’s easy to fantasize about how things “should” be or how they once were. When we live busy or stressful lives, worrying or planning can also make us feel more in control. The problem with these strategies is that they don’t change anything. They help us discount the only thing we can control: what we do now. Life can pass you by that way if you’re not careful. The solution is to exist in the present moment as much as possible and enjoy the good things around us while we have them. Studies show that living this way makes people happier, healthier, and more likely to form strong relationships. But how do you even get started? The process requires a different way of thinking called mindfulness. Mindfulness is about focusing on what is happening in the present moment — not that work deadline, the movie you just watched, what’s for dinner, or the kids’ extracurricular schedule. It takes practice, and many people use meditation or breathing to help.

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IT’S WORLD TEACHERS’ DAY! 3 Ways to Show Gratitude

TAKE A BREAK

Teachers have impacted you and your children’s lives in more ways than one. Maybe they inspired you to take a certain career path, always understood you, or were there for you or your child when it was needed. Teachers have a demanding job, so in honor of World Teachers’ Day on Oct. 5, let’s take some time to appreciate them. Here are three ways to show your gratitude this month. Donate school supplies. Some teachers spend personal funds to purchase school supplies for their classrooms. This expense can become costly, especially if they provide for multiple students. Donate unused notebooks, pencils, pens, or other school supplies to a teacher. Some teachers even have wish lists available if you want to purchase new items for their classrooms. They will appreciate your kindness, and the children who need these supplies will also be grateful. Write thank-you letters. If you had a teacher who impacted your life, or if your child has a favorite teacher, write them a thank-you note. Handwritten notes are more meaningful than ones you buy at the store. It shows you put in time and effort to create something specifically for them. You can write about a favorite memory you had with them or the ways they’ve inspired you. If you’re feeling extra generous, add a gift card to the note! A small message can go a long way in turning someone’s day around. Volunteer when you can. In addition to teaching in the classroom, teachers need to chaperone students during field trips, recess, lunch, and standardized tests. Contact your child’s school and see when they need volunteers to help with these activities. Teachers will greatly appreciate it because they will have a chance to take a break or organize their materials for the next class. Even if it’s just for the day or a few hours, teachers will appreciate the extra assistance. Teachers play a vital role in preparing our children for the real world. They teach them vital social skills and problem-solving strategies that will assist them as they age. So, let’s take some time to show appreciation for their dedication to our children.

CREAMY BAKED PUMPKIN RISOTTO

Ingredients

• Salt, to taste • Pepper, to taste • 1/2 cup fresh basil, chopped • 1/4 cup grated Parmesan cheese • 2 tbsp mascarpone cheese • 2 tbsp olive oil

• 5 cups of low-sodium chicken or vegetable broth • 2 cups Arborio rice • 2 cups of pumpkin, diced • 1 1/2 cups canned pumpkin purée • 1/2 yellow onion, minced

Directions

1. Heat the oven to 400 F and arrange a rack in the middle. 2. In a 3-quart baking dish, combine broth, rice, diced and puréed pumpkin, and onion. 3. Season with salt and pepper, then stir until evenly combined. 4. Cover tightly with aluminum foil and bake until water has been absorbed and rice granules are puffed. 5. Remove from the oven and stir in basil, grated Parmesan cheese, mascarpone cheese, and olive oil.

Inspired by FoodNetwork.com

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INSIDE THIS ISSUE

How to Fearlessly Start a New Venture

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Fast-Food Hero Taking Each Moment as It Comes

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Creamy Baked Pumpkin Risotto It’s World Teachers’ Day!

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Age Is Just a Number

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Wanted to Legally Change His Age The Man Who Felt 20 Years Younger

He alleged that he experienced age discrimination because, being 69, he is limited in what he can do. If he were 49, he could buy a house and car and work more hours, and his chances on the dating app Tinder would improve if he were younger. What was the court’s decision? Ratelband’s argument did not convince the district court in the Dutch city of Arnhem. The court said there was no evidence that Ratelband had experienced age discrimination. It stated that, unlike legally changing your name or gender, changing your age causes many problems such as the many rights and duties related to age, such as voting, attending school, military obligations, and pension. Although Ratelband has the freedom to feel 20 years younger, mentally and physically, he cannot legally change his age because of the legal and societal implications that would follow, the court added.

We’ve all heard about people legally changing their name or gender, but have you ever heard about someone trying to change their legal age? In 2018, a 69-year-old Dutch man named Emile Ratelband petitioned a court for permission to change his age. He wanted to alter the year he was born on his birth certificate by 20 years so he could be 49 years old. So, how did this case end? Let’s find out. What was his reasoning? Ratelband wanted to change his age because he argued that he felt 20 years younger. He said his doctors told him that he had the body of a younger man, and his health was far better than most men his age.

The district court rejected Ratelband’s request, but he plans to appeal.

In the Netherlands, the public doesn’t take Ratelband’s claims seriously. They even make fun of his international exposure and willingness to provide interviews worldwide to justify his wishes. So what do you think of this legal case? Is age just a number? Let us know your thoughts!

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