612.385.6479
jolson@encompassgroupinc.com

Business Development Services

        

CASH FLOW

What is affecting your cash flow? In today’s economy, every business owner has had to cut expenses – (although, if all we continue to do is cut costs, we are probably having a “going out of business sale”).

RENT

Is you business location producing revenue for your business and appropriate for your stage of business development?

Our Real Estate Alliance can:

  • Analyze your location
  • Renegotiate leases
  • Tenant Representation
  • Provide you with options for sub lets or building ownership
  • Liquidate problem building projects or excess inventory

 

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EMPLOYEES AND MANAGEMENT

Encompass can help determine if your employees are an asset or liability to your organization and provide options for outsourcing and compensation programs that will reward the results necessary for your organization.  

  • Analysis of current staff
  • Team building

        

MARKETING & ADVERTISING

The business you get is a direct result of the message you are sending out. Encompass can help you develop a consistent message to reach you ideal target market;

       Statistics & Demographics

       Evaluation of Competition

       Business to Business & Strategic Alliance Marketing

TECHNOLOGY

Do you ever feel that technology is nothing more than a waste of time and money that drains you of your patience? Encompass with the help of our Technology Alliances provide solutions for:

  • Client Management Systems
  • Internet Marketing and Presence
  • Lead generation Tecniques
  • Office Systems – Audit and Analysis
  • Computer Recommendations
  • Web Site Hosting
  • Technology recommendations
  •   On-line resources
  •   Emergency help
  •   Client management programs
  •   Database systems and management
  • Online sales

BUSINESS MODEL

Is your business model appropriate for today’s consumer?  Encompass can help with the help of our Organization Development Alliance can help with:

  • Analysis of business model
  • Recommendations
  • Implementation for a new strategy, if necessary
  • Turnarounds
  • Training & Workshops

 

FUNDING SERVICES

You may need some funding to get to the next level.  Encompass has Accounting, Financial & Lending Alliances who have the skills to help you.

                                                Feasibility Studies

                                                Proforma

Budget development

Provide funding options & costs

Bank introductions

Banker format presentations

Revenue generation & cost control

Risk analysis

 

1st Step – Contact us to arrange an appointment to “tell your story”

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase.  We offer package pricing rather than “mysterious never ending consulting fees
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PROFITABILITY

What is your hourly rate?

Encompass will determine what your hourly rate needs to be to accomplish all your goals and then we will help you target the market that can afford your services.

Your hourly rate is the foundation of your business

This process is available in a presentation or webinar several times during the year

 

 

 

1st Step – Contact us to arrange an appointment to “tell your story”

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase.  We offer package pricing rather than “mysterious never ending consulting fees

 

 

 

 

 

RESOURCES

Sometimes, the resources you need for your current business is different than the resources and services you needed when you started your business.

Encompass will review what your current resources are and offer suggestions to help your business leverage your time and money.

 

1st Step – Contact us to arrange an appointment to “tell your story”

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase.  We offer package pricing rather than “mysterious never ending consulting fees

 

 

OPPORTUNITY

 

       So many opportunities, so little time. 

       Encompass can help you identify the 4 top opportunities for you in the marketplace today and develop an action plan based on identified areas of focus.

This service is also available several times a year in the form of a webinar and presentation

1st Step – Contact us to arrange an appointment to “tell your story”

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase
  • We offer package pricing rather than “mysterious never ending consulting fees

LIFESTYLE

 

Did you open your own business for the glamour of the lifestyle?

Does your current business model fit your lifestyle?

The #1 reason small businesses fail in America (according to Dunn & Bradstreet’s small business survey) is an improper fit between the business owner & the business

Encompass can provide an objective view to determine if adjustments are necessary for your success personally and in your business

1st Step – Contact us to arrange an appointment to “tell your story”

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase
  • We offer package pricing rather than “mysterious never ending consulting fees

 

MARKETING

Is your marketing aligned properly with your revenue sources?

Encompass can help in these areas:

  • Specialty
  • Advertising
  • Recruiting
  • Technology
  • Networking
  • Public Relations

1st Step – Contact us to arrange an appointment to “tell your story”

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase
  • We offer package pricing rather than “mysterious never ending consulting fees

 

SALES

Where are your sales coming from?

  • You
  • Your Salespeople
  • Alliances
  • Advertising
  • Website
  • Networking
  • Past clients/customers
  • Referrals

Encompass can help you identify your best avenue for sales and potential sources you may have overlooked.

1st Step – Contact us to arrange an appointment to “tell your story”

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase
  • We offer package pricing rather than “mysterious never ending consulting fees

MANAGEMENT

Is management a revenue center for your business?  Are you the best person to manage? Encompass can offer an analysis and options for the management & operations of your business?  Do you need to surround yourself with people who don’t require your management?

If so, Encompass Alliances can help with:

Analysis

Outsourcing

Health & Dental Benefits

Liability Insurance

Employee Issues

Compliance

Administrative Systems

Seminars / Workshops

Salary reviews

Compensation programs

Independent contractor vs. employee

Policies and procedure options

Training

Coaching

1st Step – Contact us to arrange an appointment to “tell your story“

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase
  • We offer package pricing rather than “mysterious never ending consulting fees

LIABILITIES & TAX

       What legal & tax issues are impeding your progress? 

       Encompass and our Alliances can help with:

Partnerships

Entity clean up

Bookkeeping

Deferred or delayed tax payments or refunds

Tax preparation
Tax Planning – Corporate and Individual
IRS Audits

Analysis of liability

 

Accounting

  • CFO consulting
  • Systems
  • Chart of accounts
  • Financial controls
  • Bookkeeping

 

Agreements and contracts

Employment compliance

Entity Formation (S-Corp, C-Corp, LLC, LLP, Partnerships)

 

WHEN IS ITS TIME FOR A BUSINESS OWNER TO INCORPORATE?    

(The Basics)

 

§         If you have an employee or independent contractors working for you

 

  • You are doing business with the general public and are concerned about personal liability

 

§         If your income is more than $50,000 per year

 

§         If you own investment property or have contractors working in the property

 

§         If you own rental property occupied by a tenant

 

§         When you are considering a partnership or joint venture with someone other than your spouse

                                                                                                           

Types of Corporations

S-Corporation – A favorite with Business Owners – The main benefit is to reduce the amount of Self Employment Tax you pay

  • Profits flow through to your personal tax return and are taxed only once. There are a variety of benefits; however, the main benefit is the ability to take some of your income in the form of distributions, which are not subject to self employment tax. 
  • You should be making more than $120,000 a year to make this worthwhile
  • The main benefit is to participate in a wide variety of corporate employee benefits
  • You can take advantage of “retained earnings” if you are anticipating a high income year
  • When you take money from corporation profits, the money is taxes again as a dividend
  • You never want your C-corporation to own property because of double taxation
  • Flexible entity that is used for liability/asset protection for rental & investment properties
  • You can move properties in and out of it
  • You can change partners and a corporation can become a member
  • Typically, not used for tax benefits, however, your expenses flow through to your personal tax return
  • If you are the sole owner of the LLC, there is no need to file a corporate tax return annually
  • Minimize your professional liability if you hold a professional license with the state.  .
  • Minimize your paperwork.  You will need to keep separate records, have a separate checking account and pay yourself a wage.
  • Exempt you from owing income tax.

C-Corporation – C for Complicated and designed for Creative Strategic tax planning

LLC – Commonly Used for real estate holdings

Incorporating WILL NOT:

 

REMEMBER TO RENEW!!!         DO YOU HAVE A CORP BOOK?         ANNUAL MINUTES

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Cost To Incorporate or form an LLC

$170 to the Minnesota Secretary of State

No Federal Filing Fee

No annual renewal fee

No Federal filing fees

$300-600 which should include:

Filling out & filing of state & federal documents

Obtaining Federal ID, State ID and Unemployment Numbers

Corporate Record Book (important if you are audited)

Annual minutes and book updates

Training to learn how to utilize your corporation for your individual situation for tax & liability purposes

On line and telephone support for ongoing questions

Information

Informational booklet detailing the process (if you want to do it without help) potential tax benefits and the different entity choices. You can also call us if you have tax or incorporation questions.

1st Step – Contact us to arrange an appointment to “tell your story“

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase
  • We offer package pricing rather than “mysterious never ending consulting fees

 

EDUCATION

       What type of education do you need for to leverage your skills?

       Encompass offers:

       Series of webinars & workshops

       Coaching

       Consulting

       Educational Recommendations

1st Step – Contact us to arrange an appointment to “tell your story“

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase
  • We offer package pricing rather than “mysterious never ending consulting fees

 

 

EXIT STRATEGY

Are you building a sale-able business, or will your business stop when you do?  Encompass can help in the following areas:

  • Asset Protection
  • Insurance
  • Exit Strategies
  • Retirement
  • Pension / Profit Sharing
  • Agreements / Contracts
  • Strategic Partners
  • Generate options
  • Partnerships
  • Phasing out
  • Positioning / Preparing for exit
  • Is your business salable?
  • Funding your retirement

 

Real Estate Services

Sale of business

Office space leasing / representation

Sale and purchase of residential real estate

Negotiations

Leasing

Sale & Purchase of Commercial Property

Adding Real Estate to Your Portfolio

1031 Exchanges

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1st Step – Contact us to arrange an appointment to “tell your story“

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase
  • We offer package pricing rather than “mysterious never ending consulting fees

IMPLEMENTATION

Wouldn’t it be nice if you could go to one place where you could access an experienced
“Board of Advisors” and find the resources to run your business more efficiently and profitably?

 

Encompass can help with the resources and accountability to take your action plan from start to finish with you in control.

 

We can help implement the appropriate actions and resources necessary to assist and support development and promotion of your business with the help of specialists.  With the EN-Compass alliance, you can affordably grow your business and begin enjoying the benefits of business ownership with the confidence of having your own professional “board of advisors” all under one roof. You only have to tell your story once.

 

1st Step – Contact us to arrange an appointment to “tell your story“

  • We will analyze all the components of your business
  • Prepare written recommendations for a plan of action
  • Estimate the cost of each implementation phase
  • We offer package pricing rather than “mysterious never ending consulting fees