by Leif Jensen | Sep 6, 2016 | General |
Ok, you made the decision to start your business, or the decision was made for you. Either way you have a business. After the initial start-up phase you went into the growth phase of the business. You have acquired those initial clients and grew your business from...
by Leif Jensen | Aug 31, 2016 | General |
I sit and have sat on numerous Boards of Directors (BOD) in my lifetime. I also know a number of people who do or have done the same. An overriding concern of being on a BOD will always be the liability issue. Being on a board does contain legal responsibilities the...
by Leif Jensen | Aug 30, 2016 | General |
I recently went to the Sage Summit. It was suggested to me that heavy usage of the Summit app could garner prizes, fame and fortune. When I went to download the app, it was demanding access to very and all aspects of my phone. Why would an app for a three day event...
by Leif Jensen | Aug 29, 2016 | General |
I don’t believe that the commercial property market has ever recovered from the economic downturn. I base this on a couple of findings. Close to home, my complex has a number of open for sales units. When I moved in all were filled and active. But as time...
by Leif Jensen | Aug 24, 2016 | General |
I was reading a WSJ OpEd piece that hit home for me. Robert Wilmers of M&T Bank had the stats that I suspected but pulled them together. According to the Bureau of Labor Statics, since 2009 the pace of small business start-ups has fallen to the lowest...
by Leif Jensen | Aug 23, 2016 | General |
I have run into a number of situations where an individual should be promoting themselves, yet seem to be promoting the company wrapper they currently have about their shoulders. I know a realtor form a networking group, when I was a member of the group he...
by Leif Jensen | Aug 22, 2016 | General |
A hundred years ago, when I started this business, I met with an entrepreneur who told me in no uncertain terms to lose the Hotmail e-mail address. If I wanted to be treated as a professional I should present myself as a professional. Like I said, it was a hundred...
by Leif Jensen | Aug 17, 2016 | General |
According to Kiplinger the Republicans are starting to position themselves for the “goring of the bulls” tax plan that I was informed would occur for 2017. Kiplinger is attempting to present this as a positive, but if the details that were shared with me...
by Leif Jensen | Aug 16, 2016 | General |
According to Kiplinger the Republicans are starting to position themselves for the “goring of the bulls” tax plan that I was informed would occur for 2017. The plan that Kiplinger lays out would have C-Corporations pay tax at a flat 20% rate, down from the 35%...
by Leif Jensen | Aug 15, 2016 | General |
I was having a chat with a banker who was rolling his eyes when we were talking about some start-ups that were looking for loans and lines of credit. Now he is an aggressive banker who is always looking for new clients and enjoys assisting clients get those loans and...
by Leif Jensen | Aug 10, 2016 | General |
Typically people use a single financial advisor. For most people the use of a financial advisor is recommended, let alone multiple advisors. I also don’t mean a husband and wife team as two advisors. I mean a financial professional from whom some guidance can be...
by Leif Jensen | Aug 9, 2016 | General |
I have written about being busy versus being productive. In my mind the way to make sure that your time is productive instead of being busy is to plan. Do you plan out your year, with a budget, projection or cash flow? Do you set your goals and measurable and...
by Leif Jensen | Aug 8, 2016 | General |
I was attending a presentation by a financial advisor and the question was asked what keeps you up at night, or better yet what wakes you up in that cold sweat in the dead of night with the tightening grip of fear in your chest. Where are running short of...
by Leif Jensen | Aug 3, 2016 | General |
Is there a dumb phone revolution in the making? I have been hearing more and more about people wanting to unplug from the system and giving up the smart phones for plain generic old flip phones. With the computer revolution switch by some industries away from...
by Leif Jensen | Aug 2, 2016 | General |
I was having lunch with a client the other week and he mentioned that he wanted to buy a business within the next 5 years. I found this to be an intriguing thought because it was suggested to me by another client earlier in the year to buy a business for one of my...
by Leif Jensen | Aug 1, 2016 | General |
Death has an immediate impact in more ways than most think. I wrote that a friend and client passed away recently. Beyond the immediate impact on his family or on me personally. I think the biggest impact was on the company he worked at. He was the sole IT...
by Leif Jensen | Jul 27, 2016 | General |
As I was discussing over lunch with a financial advisor; there are times when clients have special needs or requests. Beyond the fact that all clients have their preference on how they interact with us, or the similarities of the requests. Our wealthier...
by Leif Jensen | Jul 26, 2016 | General |
In my continuing quest to learn the answer, to the question how can I further assist my clients better, I stumbled over these statistics. They seem odd to me. Seemingly 22.7% of the profits realized in the US come from the financial services industry, I am including...
by Leif Jensen | Jul 25, 2016 | General |
Surprise the IRS and the courts are sticklers on allowing business mileage write-offs. In a recent case a taxpayer used his personal auto in his business of marketing petroleum properties. For some activities, he kept a meticulous log with the exact miles...
by Leif Jensen | Jul 20, 2016 | General |
In another case an insider trader does not get a tax write-off for the forfeiture of his profits. A former executive was convicted of insider trading and sentenced to jail. He was also forced to return the stock sale gains that were derived from his crime, the...
