Inspire and Retain Top Talent with Supplemental Compensation Plans

Written by Jeffrey Waldron, JD, LLM of Architrave Partners, LLC

The noble goal of most business owners is to build an enterprise of enduring and transferable value. One of the most important components to building your enterprise is retaining and inspiring your key employees. There are likely a handful of employees that are so essential that their departure would have a significant negative impact on your business and could threaten your enterprise value. This article covers five benefits of implementing a Supplemental Compensation Plan for your key employees.

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Tips for Buying and Managing Multi-Family Real Estate

Written by Bryan Haines, Vice President, Commercial Real Estate

Owning multi-family real estate has historically proven to be a sound investment, and it continues to be, even with the changing economic environments. However, buying and holding multi-family real estate as an investment is a business—in order to be successful, you need to approach it as you would any other business venture. You should have a business plan that analyzes your strengths, weaknesses, opportunities, and threats. Without developing a sound plan, you open yourself to unnecessary risks down the road.

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The Pros and Cons of ESOPs

Intellectual Capital Connection (11/2015)

Featured Author: Chris Staloch
The number of Employee Stock Ownership Plans (ESOPs) has expanded greatly since they were formally established as qualified retirement plans in the U.S. in 1974.

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Vacation and Sick Leave Policies: Time for a Change?

Intellectual Capital Connection (11/2015)

There are no federal requirements — yet — for employers to provide paid leave to employees. Still, many businesses offer paid vacation and sick leave as part of their benefits package, and a few states and municipalities mandate paid time off.

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Are You Hiring the Best People?

Intellectual Capital Connection (11/2015)

Want to get a better sense if prospective employees are a good cultural fit?

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Managing Your Aging Receivables

Intellectual Capital Connection (10/2015)

Whether you decide to manage collections internally or outsource to an agency, effective management of your company's accounts receivables is crucial to maintaining positive cash flow for your business.

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Tame Your Tax Bill

Intellectual Capital Connection (10/2015)

Tax time is just around the corner. Because tax rules may change from year to year, it's wise to stay abreast of potential tax deductions and credits. If you know where to look, you can find ways to ease your tax burden.

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CNBC Ranks Minnesota the Top State for Business

Intellectual Capital Connection (10/2015)

Minnesota is America's Top State for Business in 2015, according to CNBC.

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Leveraging Trends to Win Business

Intellectual Capital Connection (09/2015)

What are the trends in large companies that you can capitalize on to increase your chances for success in this economy of slow growth?

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Better Business Through Financial Analysis

Intellectual Capital Connection (09/2015)

Savvy business owners who understand financial analysis and its inherent importance often enjoy improved revenue and greater profits. These companies experience greater success than companies not so adept at financial literacy.

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7 Ways to Help Avoid a Data Breach

Intellectual Capital Connection (09/2015)

If it seems the need for cybersecurity is growing, it is. Data breaches increased 23% in 2014, and it's not just well-known businesses getting hit.

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Minnesota State Profile

Intellectual Capital Connection (09/2015)

State job growth rose 1.5% in July 2015 from a year ago; national job growth rose 2.1%.

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Guarding Against Business Email Compromise and Wire Transfer Fraud

Intellectual Capital Connection (08/2015)

For years, checks have been at the center of fraud schemes. Whether counterfeit, altered or used in conjunction with lottery and sweepstakes schemes, checks have been the instrument of choice. Until now.

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ACA Update for Employers

Intellectual Capital Connection (08/2015)

Are you up to speed on the Affordable Care Act (ACA)? Find out what employers need to know about rules and regulations as they continue to unfold.

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Tips for Managing a Virtual Team

Intellectual Capital Connection (08/2015)

Forrester Research predicts that the number of virtual workers will swell from 34 million in 2009 to 63 million by 2016. If you're faced with managing one or more employees who work from a remote office, there are a number of things to consider.

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EMV: Greater Protection Is in the Cards

Intellectual Capital Connection (08/2015)

With the rise of credit card fraud, the United States is switching to the global credit card standard: EMV.

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Smart Financing for Your Equipment

Intellectual Capital Connection (07/2015)

No one knows your business better than you do, especially when it comes to implementing and upgrading equipment in line with your goals.

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Workplace Wellness: Activity-Centered vs. Results-Oriented

Intellectual Capital Connection (07/2015)

Today, workplace wellness has evolved into a field of carefully researched and thoughtfully designed programs.

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Stay Top-Of-Mind with Customers: Optimize for Local Search

Intellectual Capital Connection (07/2015)

For small businesses, understanding local search behavior may be the key to being found. An estimated 4 in 5 consumers conduct local searches to find information about nearby businesses.

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The Small Business Facts You Need to Know

Intellectual Capital Connection (07/2015)

What we do know is that small businesses are starting to smile again, thanks to increased profits and spending as 2015 rolls along.

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