Law Chat with Girija

Are you (looking to become) an Airbnb host? This episode is about how you do it like an industry expert. Tune in to find out more!

Episode Introduction: 

In this week’s episode of Law Chat with Girija, we’re joined by short-term renting superstars Annette Grant & Sarah Karakaian from Thanks to Visiting who talk to us about all things STR and how to be a successful host.

Episode Summary: 

Annette Grant & Sarah Karakaian talk to us about everything from preparing your property for STR to becoming a 5-star rated Airbnb host and everything in between. This episode is truly jam-packed with value for anyone who’s looking to venture into the short-term rental industry.

Main Takeaways:

• Some of the best Airbnb markets are not vacation rental markets.
• Don’t think you can’t run a successful Airbnb simply because you don’t live in a vacation spot. There are countless reasons for people to visit smaller towns and they could really benefit from your service.
• When figuring out how your STR property should look, start by considering the places you like to stay at and why.
• Financial success in the STR industry is a result of compounding reviews over a period of time.
• You need to be transparent with your insurance provider about the intended use of your STR property to get the proper coverage and stay protected as the host.
• The type of property you rent out doesn’t dictate the type of host you become.
• How to become a 5-star rated Airbnb Host in 2023:

1. Be transparent about your property.
2. Do not cancel on the guest once the booking has been made.
3. Set clear expectations about the property location.
4. Check-in with the guests.
5. The property must be clean and hygienic.
6. Ensure the safety of the guests.
7. Anticipate the needs of the guest.
8. Have a factor of surprise and delight.
9. Stay in your own property and fix any problems that you may face.

• While it’s okay to host through platforms like Airbnb, Booking.com, etc. - it’s recommended that you also have your own website and build an email list to generate new leads.

Resources: 

• The Hosting Business Mastery Method™ Free Workshop: https://www.thanksforvisiting.me/workshop

Find Annette Grant & Sarah Karakaian:

• Email: [email protected]
• Website: https://www.thanksforvisiting.me/
• Instagram: https://www.instagram.com/thanksforvisiting_/
• YouTube: https://www.youtube.com/thanksforvisiting
• Podcast: https://www.thanksforvisiting.me/podcast
• LinkedIn: https://www.linkedin.com/company/thanks-for-visiting/

Get the visual experience, watch the videocast for the episode here: https://youtu.be/-dIQLX92gbk

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcast: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

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Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

Starting a business with a partner? Tune in for insight on essential steps you need to take in order to make it work!

Episode Introduction: 

In this week’s episode of Law Chat with Girija, we’re talking about forming a business partnership and what needs to be taken care of before you do so in order for the partnership to be a long-term success.

Episode Summary: 

Girija Patel walks you through some super practical tips on steps you and your business partner(s) should be taking in order to ensure that you’re protecting your personal interest while you work towards growing the business. There’s information in this episode about important contract clauses to include, what to avoid, and tasks you can do to maintain the business relationship.

Main Takeaways:

• The role of the Partnership Agreement is to manage the expectations of all the parties involved in a business setup so that there's complete clarity on what's to be done, when, and by whom.
• Identify the areas that you and your partners will be looking over in the business and put them in writing in the company agreement.
• It’s not always advisable to have 50-50 partnerships because that can lead to an impasse.
• Hire a lawyer who represents your individual interest in the partnership.
• Have the intellectual property ownership details outlined in the company agreement.
• Your partnership agreement should clearly state the terms of exiting the business relationship.
• When looking at a potential business partner, ensure that your values align with theirs. 
• Get the correct classifications for your business that can benefit you in the long run.
• Have regular meetings with your partners and your teams to stay in sync.

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcasts: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

Get the FREE Five-Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

Get the visual experience, watch the videocast for this episode: https://youtu.be/urnIVsy_iy8

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

Starting a Company & Forming a Business Partnership: Things to Keep in Mind,

How To Make A Business Partnership Work,

Forming a Business Partnership? Things to Consider First,

What Do I Need To Know Before Starting a Partnership with a Friend,

Why I Don’t Believe In 50/50 Partnerships,

How To Structure A Business Partnership,

How To Build a Winning Business Partnership,

7 Tips for Making a Business Partnership Work,

GBP Law,

Law Chat with Girija

Facilitate the exit of an employee or independent contractor with ease. Tune in to find out how!

Episode Introduction: 

This episode is the ultimate guide on navigating the sticky situation that every entrepreneur faces when an employee or independent contractor exits a business relationship.

Episode Summary: 

In this week’s episode of Law Chat with Girija, we talk about five action steps that you can take in order to ensure that when an employee or independent contractor exits your business, you have systems set in place to make the transition smooth and error-free.

Main Takeaways:

• Set expectations of how you want your business operations to function at the beginning of a relationship.
• Ensure that you have a list of all the passwords that your team members are using to operate your business accounts on different platforms.
• Have your employee/ independent contractor SOPs set up so that you follow a standardized procedure each time and don’t miss out on a crucial step.
• Maintain a running list of all of the tasks that each employee/ independent contractor is performing for your business.
• When there’s noticeable contention in a business relationship, make sure there’s documentation to back it up.
• When you integrate good practices into your business from the beginning, they grow with you instead of you having to implement them suddenly when there’s an issue at hand.
• Ensure that you secure all your confidential information and change passwords that an employee/ independent contractor exiting the position has had access to for security reasons.
• If the person leaving the company was in a client or vendor-facing role, inform said clients and/ or vendors that the person is no longer representing your company and redirect them to their new point of contact.
• Have a termination contract that outlines the terms of the exit.

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcasts: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

Get the FREE Five-Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

Get the visual experience, watch the videocast for this episode: https://youtu.be/7m7XEVdAW60

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

Looking to hire a business lawyer? Here’s what you need to know!

Episode Introduction: 

In this week’s episode of Law Chat with Girija, we’re talking about some of the most important factors to consider while hiring a lawyer for your small business.

Episode Summary: 

Girija Patel walks us through some essential questions one should ask an attorney before they hire them to work for their small business. We also go over some generic disclaimers to keep in mind when searching for a lawyer.

Main Takeaways:

• Do some research about the lawyer that you are potentially looking at hiring using their website and your state bar website.
• Questions to ask during a discovery call:

1. What kind of law do you practice?
2. What is your experience working on an issue similar to mine?
3. What is your success rate?
4. What does it look like to work with you?
5. How do I communicate with you in case of queries?
6. What is your payment structure?
7. What service models do you offer?
8. What is your turn-around time?
9. Who from within your firm is going to handle my case?
10. What is my role as the client in this entire process?

• Find a lawyer who you’re comfortable with but also someone who knows what they’re doing and can fight for your best interest.
• Understand who your attorney is representing, you may have hired them but it’s your business interest that they are protecting.

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcasts: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

Get the FREE Five-Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

Get the visual experience, watch the videocast for this episode: https://youtu.be/aCN1acNe5pk

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

Spoiler Alert: Major announcement inside!

Episode Introduction: 

Tune in to our final episode for 2023 as we reassess the past year and plan for the one ahead.

Episode Summary: 

In this week’s episode of Law Chat with Girija, we talk about strategies to assess 2022 as well as plan for the new year in an intentional manner. We also discuss practical ways to reduce your overwhelm moving forward and eliminate things that aren’t serving your growth. Listen in and plan along!

Main Takeaways:

• Reassess your year in terms of seasons - what were your seasons of joy, overwhelm, burnout, and celebration. Understand how you want to recalibrate moving forward to do more of what you enjoy and eliminate what didn’t bring you happiness. 
• Plan your busy seasons in advance so that you’re not worried about juggling multiple things at once.
• Be realistic when you plan out your week or day so that you’re not setting yourself up for failure and then later ending up feeling guilty about not checking everything off of your list.
• When you realize you're holding on to something only because you're used to it and not because you truly need it, it's time to let it go.
• Ask yourself the following questions as you reassess your year:

1. What worked well and why?
2. What didn’t work and why?
3. What needs to stay and what needs to go?
4. What needs to be done by you and what needs to be delegated?

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcasts: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

Get the FREE Five-Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

Join Law Chat for Entrepreneurs Free Facebook Community: https://www.facebook.com/groups/lawchat/

Get the visual experience, watch the videocast for this episode: https://youtu.be/LuRhdcGO8S0

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

Are you an online business manager or looking to hire one? Make sure these 9 essentials are present in your OBM contract.

Episode Introduction: 

In this week’s episode of Law Chat with Girija, we’re talking about the clauses you must include in an Online Business Manager contract.

Episode Summary: 

Girija Patel walks us through the most important terms to include in an OBM contract as well as why they’re important so that your online business manager agreement has all the essentials in it. 

Main Takeaways:

• Essential things to include in an Online Business Manager Contract:

1. Parties to the contract.
2. Duration of the contract.
3. Terms & Conditions.
4. Liability exposure.
5. Confidentiality clause.
6. Conflict of Interest clause.
7. Rights to intellectual property.
8. Position in the company.
9. Termination clause.

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcasts: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

Get the FREE Five-Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

Join Law Chat for Entrepreneurs Free Facebook Community: https://www.facebook.com/groups/lawchat/

Get the visual experience, watch the videocast for this episode: https://youtu.be/tWh2HJcC1tE

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

Onboarding a new client? Here’s how to smoothly set and manage their expectations through your business policies.

Episode Introduction: 

In this week’s episode of Law Chat with Girija, we talk about three ways in which you can set and manage your client expectations so that they are aware of your business policies.

Episode Summary: 

Girija Patel walks us through three practical ways in which we can communicate our business policies to new clients so that we can avoid getting into a sticky situation later on. This episode is going to help you integrate your business policies into your client onboarding process through a multi-level approach. 

Main Takeaways:

• Communicate your business policies during your initial consultation call with a potential client.
• When you transparently convey your business policies to your clients, they don't have to wonder "what's next".
• Your marketing material can help you re-iterate your business policies in an efficient manner.
• Your business contracts are a great spot to integrate your business policies and ensure that your client has understood them.
• When you hand over a contract to a client, always give them time to ask you questions about it if they want to.
• It is important for you as the business owner to be capable of effectively communicating the policies in your contract.

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcasts: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

Get the FREE Five-Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

Join Law Chat for Entrepreneurs Free Facebook Community: https://www.facebook.com/groups/lawchat/

Get the visual experience, watch the videocast for this episode: https://youtu.be/6SZpOfbV_8w

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

Do you happen to promote products and services on social media? If so, you can be classified as an influencer and this information about FTC guidelines is crucial for you. Tune in to find out more!

Episode Introduction: 

In this week’s episode of Law Chat with Girija, we talk about when you need to disclose a brand partnership according to the guidelines set by FTC (Federal Trade Commission).

Episode Summary: 

Girija Patel walks us through the various ways FTC classifies a brand partnership, what makes you an influencer, and how to properly disclose your affiliation with a brand.

Main Takeaways:

• Every influencer needs to adhere to the FTC guidelines regardless of their industry or niche.
• When to disclose a brand partnership as per the FTC:

1. If you personally know the person who owns/ is associated with the business.
2. You’re getting paid.
3. You’ve gotten free products/ services.
4. You’ve received a gift.
5. You’ve done a barter.
6. You’ve been granted limited period access to the product or service.

• You have to disclose the partnership on every single post, story, video, and reel you make about them.

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcasts: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

Get the FREE Five-Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

Join Law Chat for Entrepreneurs Free Facebook Community: https://www.facebook.com/groups/lawchat/

Get the visual experience, watch the videocast for this episode: https://youtu.be/Q1D_dZdExHA

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

It’s time to go from being a mom to a mompreneur. Tune in to find out how!

Episode Introduction: 

In this week’s episode of Law Chat with Girija, our guest Lesley Pyle joins us to talk about the powerful platform that she has created, AKA Hire My Mom. Through her platform’s interface and courses, she helps stay-at-home moms get back into the workforce by finding remote work opportunities.

Episode Summary: 

Lesley Pyle walks us through her journey of starting her freelance business after she became a mother and pioneering a platform for stay-at-home mothers back in 1997. She shares how the concept has evolved since then into what’s known as Hire My Mom today. This episode is a must-listen for every parent who’s ready to get back into the workforce without leaving their house.

Main Takeaways:

• As a stay-at-home mom trying to get back into the workforce, it’s important for you to highlight your soft skills to try and get new jobs.
• Learn the common tools that are used in the job roles that you’re applying to. Adding it to your resume can really help increase your chances of being considered for roles.
• Most new entrepreneurs don’t have the budget to hire a business manager when they first start so it’s important to learn the operations of your business as you go.
• The four most likely things to act as an obstacle for a stay-at-mom trying to work are:

1. Money
2. Time
3. Motivation
4. Fear

Fun Facts About Lesley Pyle:

• One of her favorite books is Fresh Wind, Fresh Fire by Jim Cymbala.

Resources: 

• Cultivate Course & Coaching: https://try.hiremymom.com/elevate-you-cultivate-mastermind/

Find Lesley Pyle:

Website: https://www.hiremymom.com/

Instagram: https://www.instagram.com/hiremymom/

Facebook: https://www.facebook.com/HireMyMom

LinkedIn: https://www.linkedin.com/company/hiremymom-com/

Twitter: https://twitter.com/hiremymom

Pinterest: https://in.pinterest.com/hiremymomcom/

YouTube: https://www.youtube.com/user/hiremymom

Get the visual experience, watch the videocast for the episode here: https://youtu.be/mNTQjsw1bbY

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcast: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

Get the FREE Five Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

Join Law Chat for Entrepreneurs Free Facebook Community: ​​https://www.facebook.com/groups/lawchat

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

Tags: 

EP 117. Transitioning from a Stay At Home Mom to a Working Mom: Money, Motivation & More,

Tips for Stay-at-Home Parents Returning to Work,

Working Mom to Stay at Home Mom Transition,

Hire My Mom,

Lesley Pyle,

Transitioning from Stay at Home Mom to Working Full-Time,

How to Transition Back to Work After Being a Stay-at-Home Mom,

HOW TO WRITE A RESUME + GET A JOB AFTER BEING A STAY-AT-HOME MOM,

Real Stay-at-Home Mom Jobs that Pay Well,

A Mother's Guide to Getting Back Into the Workforce,

GBP Law

It’s time to become more intentional about managing your finances. Tune in to find out more.

Episode Introduction: 

In this week’s episode of Law Chat with Girija, our guest Katie Scott joins us to talk about tons of practical tips to manage our money more efficiently. She talks about tangible methods as well as mindset shifts that would help us improve our relationship with money.

Episode Summary: 

Katie Scott walks us through her journey from being a mainstream accountant to pivoting into her current role of being a money management advocate. She shares golden nuggets about financial wellness that she’s curated over the years and leaves us with multiple tips to help us do better with our own money.

Main Takeaways:

• Proactive Money Management refers to understanding and managing your finances before they land on the profit-and-loss statement.
• How to determine where your money is spent:

1. Make a plan for each dollar that you currently have.
2. Organize your money into separate buckets as suggested by the Profit First Model.
3. Track your money and understand your spending patterns.

• Creating sub-categories within your bank account can help you stay organized with tracking your expenses.
• When sorting through your finances, remember to stick to the “why” behind it. Looking at the bigger picture will help you deal with your money more efficiently.
• Practical tips to be better with your money:

1. Check your balance regularly.
2. Be mindful while making spending decisions.
3. Come up with a money management system that works for you.

Fun Facts About Katie Scott:

• She’s currently watching A Handmaid’s Tale.

Resources: 

• Free CFO Starter Kit: https://cfokit.morewithmoney.com/
• YNAB: https://ynab.com/
• Profit First by Mike Michalowicz.
• Your Money or Your Life by Vicki Robin, Joe Dominguez, and Mr. Money Mustache.

Find Katie Scott:

Website: https://morewithmoney.com/

Instagram: https://www.instagram.com/katie.morewithmoney/

Get the visual experience, watch the videocast for the episode here: https://youtu.be/LjkQCtFVgug

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcast: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

Get the FREE Five Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

Join Law Chat for Entrepreneurs Free Facebook Community: ​​https://www.facebook.com/groups/lawchat

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/

Tags:

EP 116. Money Management & Budgeting Tips to Improve Your Business' Financial Health with Katie Scott,

Rules to Improve Your Financial Health,

Tips to improve your financial health,

Money Management Tips to Improve Your Finances,

Tips for Managing Small Business Finances,

Personal budgeting strategies to improve your financial health,

Ways to Improve Your Financial Health,

More with Money,

How To Manage Your Money,

how I manage my money,

Money management in your 20s,

GBP Law