SUCCESSION – PROFIT

The Double Bonus Approach — Reward Leadership, Build Wealth

2Nov By Meta_EncompassNo Comments

CEO DESK, FEATURED, RESOURCES, RETIREMENT, SUCCESSION

The Double Bonus Approach — Reward Leadership, Build Wealth

Compensation isn’t just about paying a salary—it’s about creating a strategy that aligns corporate goals with long-term financial growth. Many business owners want to reward top executives, retain key talent, and reduce their tax burden—but struggle to find a solution that does all three.Enter the Double Bonus Strategy, a sophisticated approach that turns executive benefits into a wealth-building engine, while simultaneously providing tax advantages for the company.The Challenge: Retention and RewardTop performers are the backbone of any successful business. Losing key leadership can derail operations, hurt revenue, and undermine long-term strategy.Traditional bonuses are one-time rewards, and while appreciated, they don’t always provide long-term security for executives or tax benefits fo...

Beyond the 401(k) — Alternatives for the High-Earning Entrepreneur

26Oct By Meta_EncompassNo Comments

CEO DESK, FEATURED, FINANCIAL, RESOURCES, RETIREMENT, SUCCESSION

Beyond the 401(k) — Alternatives for the High-Earning Entrepreneur

For many business owners, maxing out a 401(k) feels like progress. But for high-income earners, it often isn’t enough. Contribution limits and tax rules create a ceiling that prevents the plan from keeping pace with earnings, leaving significant growth potential untapped.Savvy entrepreneurs don’t settle. They explore alternatives — strategies that go beyond the traditional system while offering tax efficiency, control, and flexibility.1. Non-Qualified Deferred Compensation (NQDC) PlansNQDC plans allow business owners and executives to defer income beyond 401(k) limits. Unlike qualified plans, these arrangements are highly customizable:You can determine how much to defer, within your business’s cash flow capacity.They can be structured for future tax advantages, often allowing tax-deferred ...

Redefining Retirement — Part 1: Breaking the 401(k) Myth

26Oct By Meta_EncompassNo Comments

CEO DESK, FEATURED, FINANCIAL, RETIREMENT, SUCCESSION

Redefining Retirement — Part 1: Breaking the 401(k) Myth

For decades, business owners have been told a simple story about retirement:Save diligently in your 401(k), trust the market, and someday, you’ll have enough to retire comfortably.But here’s the uncomfortable truth — that story was never written for entrepreneurs.The Problem with Traditional Retirement AdviceThe traditional retirement model is built on uncertainty.Most business owners are saving into a system they don’t control, one built on deferred taxes and unpredictable policy shifts.A 401(k) doesn’t eliminate taxes — it delays them.When you finally retire and begin taking withdrawals, you’re not just accessing your savings; you’re entering a new tax bracket.And if tax rates go up — as history suggests they will — you’ll pay more in taxes than you ever saved in deferrals.That’s not pla...

From Employee to Owner: How Each Generation Views the Pinnacle of Business Success

2Oct By Meta_EncompassNo Comments

BUSINESS, CEO DESK, FEATURED, OPERATIONS, SUCCESSION

From Employee to Owner: How Each Generation Views the Pinnacle of Business Success

Ownership is often seen as the ultimate milestone in a career. Yet, how different generations view ownership—whether of a business, equity, or leadership responsibility—varies greatly. For some, it’s about financial independence and stability; for others, it’s about purpose, innovation, or leaving a legacy. Understanding these perspectives allows leaders to shape succession strategies and opportunities that motivate everyone on the team.Baby Boomers: Ownership as LegacyBoomers often view ownership as the reward for decades of loyalty and hard work.For many, it represents stability, wealth accumulation, and something to pass on to the next generation.Ownership is tied closely to personal identity and leaving a mark on the company and community.Gen X: Ownership as IndependenceGen X sees owne...

Work Ethics, Branding, and Vision: A Multi-Generational Lens

2Oct By Meta_EncompassNo Comments

BUSINESS, CEO DESK, FEATURED, MARKETING, STRATEGY, SUCCESSION

Work Ethics, Branding, and Vision: A Multi-Generational Lens

In today’s workplace, four generations are shaping the way business gets done. Each group brings its own ideas about what work should look like, how brands should communicate, and why a company’s vision and mission matter. When leaders understand these differences, they can unify employees around a shared purpose without ignoring the unique strengths of each generation.Work Ethic Across GenerationsBaby Boomers: Known for loyalty and a willingness to put in long hours, Boomers often see work as a duty and a source of pride. Hard work and visible dedication are how they measure success.Gen X: More independent and results-oriented, this group values efficiency over hours spent. Their ethic is rooted in accountability, with a focus on balancing personal and professional life.Millennials: Drive...

Don’t Just Save, Strategize: Why Business Owners Need an Exit Plan for a Truly Tax-Efficient Retirement

6Apr By Meta_EncompassNo Comments

CEO DESK, FEATURED, FINANCIAL, RETIREMENT, SUCCESSION

Don’t Just Save, Strategize: Why Business Owners Need an Exit Plan for a Truly Tax-Efficient Retirement

As a business owner, your enterprise is likely more than just a source of income—it’s your legacy, your passion, and often the cornerstone of your financial future. But while you may have poured years of effort into building your business, have you considered what happens when it’s time to step away?Many business owners overlook the importance of creating an exit plan that not only maximizes the value of their business but also ensures a tax-efficient retirement. Here's why strategizing for your exit is essential for securing your financial future.The Unique Financial Challenges of Business OwnersBusiness owners face distinct financial challenges compared to traditional employees. For many, their business represents a significant portion of their net worth and retirement savings. Unlike em...

Talent Magnetism: Attracting the Right Candidates

6Apr By Meta_EncompassNo Comments

CEO DESK, FEATURED, OPERATIONS, PE/VC, SUCCESSION

Talent Magnetism: Attracting the Right Candidates

"Your job post shouldn’t read like a hostage situation.”Attracting top talent isn’t about slapping a job ad on LinkedIn and praying. It’s about being intentional, strategic, and maybe—just maybe—having a little personality. First impressions matter. If your job description reads like a legal contract or a cry for help, it’s time to reboot. You’re not just filling a vacancy—you’re curating a future team member who will either add brilliance to your culture or suck the morale out of the room. Choose wisely.Be Magnetic, Not DesperateA talent magnet company:Knows who they areKnows who they’re notIsn’t trying to be everything to everyoneThink marketing, not checklist. Candidates aren’t just reading for skills—they’re scanning for red flags, culture cues, and reasons not to hit “apply.” A compel...

TRUMP in OFFICE 2025: Impacts and analysis

21Jan By Meta_EncompassNo Comments

BUSINESS, CEO DESK, ECONOMY, FEATURED, FINANCIAL, MARKETING, OPERATIONS, PATRONAGE, PE/VC, POLITICS, REAL ESTATE, RESOURCES, RETIREMENT, STRATEGY, SUCCESSION

TRUMP in OFFICE 2025: Impacts and analysis

As we settle into the new year, business leaders and owners face a dynamic economic environment shaped by political changes, technological advancements, and market fluctuations. Here's a concise overview of the most impactful trends from the past two weeks: Trump's Second Term: Economic Implications President Trump's return to office has already influenced market dynamics. Stocks rallied on his first full day, with the Dow Jones Industrial Average up 0.39%, the S&P 500 gaining 0.49%, and the Nasdaq Composite climbing 0.52% Business leaders should monitor: Potential tariffs on imports from Mexico and Canada, effective February 1 Ongoing tariffs on Chinese goods Possible TikTok ban and its implications for tech companies Market Performance and Economic Indicators The S&P 500 recent...

21Jan By Meta_EncompassNo Comments

BUSINESS, CEO DESK, ECONOMY, FEATURED, FINANCIAL, MARKETING, OPERATIONS, PE/VC, POLITICS, REAL ESTATE, RESOURCES, RETIREMENT, STRATEGY, SUCCESSION

Navigating the New Administration

As President Trump begins his second term, business leaders and owners must prepare for significant policy shifts that will impact their operations, investments, and personal finances. Here's how to position yourself and your family for the changes ahead:Reassess Your Trade StrategyWith new tariffs on the horizon, it's crucial to reevaluate your supply chain:Expect increased tariffs on Chinese imports, potentially starting in Q1 Prepare for possible tariffs on goods from Canada, Mexico, and EU countriesConsider diversifying suppliers or reshoring operations to mitigate risks.Adapt to Tax Policy ChangesThe tax landscape is set to shift:The Trump administration plans to extend tax cutsBe prepared for potential changes to international tax agreementsConsult with tax professionals to optimize ...

Planning for the Future: How Business Leaders Can Approach Succession and Wealth Transfer

30Nov By Meta_EncompassNo Comments

BUSINESS, CEO DESK, FEATURED, FINANCIAL, PE/VC, RESOURCES, RETIREMENT, STRATEGY, SUCCESSION

Planning for the Future: How Business Leaders Can Approach Succession and Wealth Transfer

For business leaders, the dual challenge of ensuring their organization’s long-term stability and securing their personal legacy can feel daunting. Succession planning and wealth transfer are essential steps in preparing for the future—both for the business and the family members or stakeholders involved. Here’s how leaders can begin to think strategically about these critical topics.1. Start Early to Ensure a Smooth TransitionSuccession planning and wealth transfer take time, and starting early allows leaders to:Identify Potential Successors: Assess internal talent or external candidates who align with the company’s vision and values.Develop Leadership Skills: Equip successors with the knowledge and skills needed to lead effectively through mentorship and training.Minimize Disruptions: Ea...