5P – 024 – How to Treat People On Your Team

5P THE WORLD’S GREATEST MANAGEMENT METHOD 

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Situation 

Problem: Business leaders working in a professional environment with both genders have only one thing to truly master – how to get the whole team on board with your overall mission. 

  • Genders in the workplace
  • Professionalism in the workplace
  • How to treat people with respect

Mission

On this episode of the 5P Podcast, we will discuss how to treat our fellow people in the workplace in order to bring together the team as a cohesive unit behind a common mission. 

Execution

Commander’s Intent: You the listener will have a better understanding of how …

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The Ultimate Goal For Your Business

What is the ultimate goal for your business? When you get up in the morning and you drive into work, or you’re an entrepreneur and you roll out of bed and get on your computer, what is your goal?

Most companies will answer this with one of the following answers:

  • To be the best….
  • To be the biggest….
  • To be the fastest….
  • To be #1 in….

And then they will take that vision and run to their employees and shout out these visions with passion! The problem is, nobody knows what these look like, and nobody knows how to measure these goals. Because their really is no way to do that because how will you know when to stop or …

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EXECUTIVE BENEFIT PLANNING

Ask yourself…

What would the impact on your business be if a key employee started his/her own business or went to work for a competitor?

Are you making effective use of business dollars to achieve your personal financial security objectives?

 

Objective Issues to Consider
Reward and Retain Key Employees
  • What is the value of your key employees to your business success?
  • Do you have any selective benefit programs to assure the retention and loyalty of your key employees?
  • What types of benefits are important to the people who are critical to your business?
  • Are your current benefit plans meeting these expectations?
Use Business Dollars to Satisfy the Owner’s Personal Financial Needs
  • If you had died or become
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REVERSE DISCRIMINATION OF QUALIFIED RETIREMENT PLANS

Did You Know That… 

Qualified Retirement Plans Tend to Discriminate AGAINST the Highly Compensated? 

The restrictions placed on qualified retirement plans strictly limit the size of the benefits that can be accrued for highly-compensated employees. When compared to the benefits provided to lower-paid employees, these limitations can produce a “reverse discrimination” effect that results in qualified retirement plans replacing an inadequate percentage of an owner’s or key employee’s pre-retirement income. 

Eligible compensation that can be considered in applying these benefit or contribution limitations is capped at $275,000 in 2018 (as adjusted for inflation). 

There is, however, a solution to the inadequacy of qualified retirement plan benefits for owners and key employees…a selective executive benefit plan can be used to counter …

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The Heroes Mastermind Group

The Heroes Mastermind Group contains the resources and structure necessary for taking your personal and professional life to the next level!

Weekly Video Conference

Open, honest and respectful discussions each week with your group of peers and the facilitators.

Accountability

Partnership with fellow group members for continued progress and success.

Monthly Reading

Cover one new self development book per month where we discuss key concepts pertitent to your life.

Guest Speaker

Honor of listening to and interacting directly with a leader in the self development space each month.

“Isolation is the enemy to excellence!” – Aaron Walker, CEO/Founder View from the Top

How do I add value to and receive value from the Heroes Mastermind Group?

Power Seat

Each week

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