by Leif Jensen | Jul 30, 2019 | General |
The mention of mentors and mentoring seem to be on the rise again. There were discussions and articles about 10 years ago, and then they went away. I missed out; in my life I never really have a mentor. My father passed while I was in college and my bosses always...
by Leif Jensen | Jul 29, 2019 | General |
Mangers are those employees that can make or break your business. Especially if you are a serially entrepreneur and have multiple businesses in multiple arenas, the difference between a good and a great manager will greatly impact on each and every one of your...
by Leif Jensen | Jul 24, 2019 | Rant |
There are not many celebrities million or billionaires that I am willing to trust. Most of them seem slimy or out and out @$$holes. In this grouping I am including those who get their names out into the world via every avenue. One celebrities whom I believe and...
by Leif Jensen | Jul 23, 2019 | Rant |
I have argued that I hate partners. Which for the most part is true; whether it’s in a formal partnership, or an S-Corp or a NFP. You are on the hook for whatever dumb or stupid things your partners do. They are also on the hook for the dumb and stupid things you...
by Leif Jensen | Jul 22, 2019 | Franchises |
I admit I am not a fan of franchises. I see them making only guaranteed money for the franchisor and seldom if ever for the franchisee. I do know a couple who own a Chick-fil-a and they seem to be doing well, but the costs were high and it took a tremendous amount of...
by Leif Jensen | Jul 17, 2019 | Investing |
It is not surprising that there are websites that show the best return on investment for colleges. On the first website I investigated https://www.payscale.com/college-roi, surprised me on how many of the top listed where military service institutions. MIT was number...
by Leif Jensen | Jul 16, 2019 | Investing |
It is always interesting when I find myself in a similar situation as my clients. It gives me a guilty pleasure when it involves my kids and my kids are making the right moves and my clients kids are not. My second son graduated college in 3.5 years; he would have...
by Leif Jensen | Jul 15, 2019 | Rant |
Why is anyone surprised by the admissions cheating scandal? Why is this still an issue? Professor Doom believes it is still is an issue because the money was going to the administrators now, where before it went to the colleges. http://professorconfess.blogspot.com/...
by Leif Jensen | Jul 10, 2019 | General |
There are those who believe in renting and those who believe in owning. As a business owner, I fall into the owning category, or at least indirectly. I am currently working with a couple of clients who have been in business for decades and they wish they had...
by Leif Jensen | Jul 9, 2019 | General |
There are those who believe that renting space makes more sense than purchasing business space. There are those who believe in renting because of the concept of flexibility. If they need to grow, they will just move to a larger space. If they need to contract, they...
by Leif Jensen | Jul 8, 2019 | General |
When you start your business, the physical location of that business can get complicated. I know from experience. When I started my business, it was physically located in my basement. It was impossible to see clients in my home. For one I could not legally meet...
by Leif Jensen | Jul 3, 2019 | General |
The new Revenue Recognition standard establishes consistent principles (regardless of industry or geography) to report useful information about the nature, amount, timing, and uncertainty of revenue from contracts with customers. Public companies were required to...
by Leif Jensen | Jul 2, 2019 | General |
The new lease standard went into effect earlier this year. The idea behind the standard is to focus on increased transparency and comparability – providing financial statement users with more information about an entity’s leasing activities. From now on the lessee...
by Leif Jensen | Jul 1, 2019 | General |
Having been married over 30 years and with my wife for 35 years, so I have no idea what is involved with dating in this century and not a whole lot from the last. So, I was more than a little shocked on the statistic that more than 40% of adults say knowing someone’s...
by Leif Jensen | Jun 26, 2019 | General |
As a student of history, I know that there have always been those that have and those that have not, in just about every time period and throughout the world. So, the results of a recent study results are not as striking to me as they were to others, despite how...
by Leif Jensen | Jun 25, 2019 | General |
Long ago, I was working with a NFP that was going through a transition period. They sold their building, shed unprofitable programs and moved to a smaller more affordable space. During all of this transition the BOD requested that one long time employee be retained,...
by Leif Jensen | Jun 24, 2019 | General |
Did you know that you have taxpayer rights? I didn’t think so, most people don’t. But each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. The Right to Be...
by Leif Jensen | Jun 19, 2019 | General |
Surprising one of the mega companies has been bragging about their commitment to individual’s privacy. I know I was surprised. Apparently, Apple has been very vocal lately about its commitment to privacy. This stance is new for Apple, especially as companies like...
by Leif Jensen | Jun 18, 2019 | General |
How do you warn people on a speeding train that is it headed straight towards a wall, and the engineer and conductor have protected only themselves? That is how I feel about Pritzker and Madigan and their approach toward taxes and fees. Apparently, I am not the only...
by Leif Jensen | Jun 17, 2019 | Uncategorized |
100 years ago, when I was in college, I was out with friends and one of them brought an older sibling along. I was working at Jewel at the time and we stopped at a co-worker’s establishment. They had recently purchased an existing business, an Ice-cream shop. The...
