by Leif Jensen | Nov 19, 2025 | Running a Business |
At one of my networking events, I was talking to someone who described their business as owning a job and not a business or a career. They were discussing what will be the survival rate of the business, meaning what is the survival rate of industry rivals. Finally,...
by Leif Jensen | Nov 17, 2025 | Running a Business |
I was reading an article that highlighted the following as issues concerning their financial stability. Lack of Funds Nothing can hold a business back like money problems. This is even more true for small businesses. While most larger companies have enough cash flow...
by Leif Jensen | Sep 24, 2025 | Running a Business |
For S corporation (S corp) owners who are actively involved in their business operations, paying themselves a “reasonable salary” for the work performed is a requirement. The Internal Revenue Service (IRS) defines this reasonable compensation as an amount...
by Leif Jensen | Sep 15, 2025 | Running a Business |
Businesses save money primarily to ensure financial stability, manage unexpected costs, and support growth opportunities. Here are the key reasons why businesses save: Financial Cushion for Emergencies and Unexpected Costs Businesses face various uncertainties such as...
by Leif Jensen | Feb 10, 2025 | Advertising, Running a Business |
The optimal Return on Ad Spend (ROAS) for social media ads can vary widely depending on factors like industry, business model, and company goals. While a ROAS of 4:1 or higher is generally considered strong, what constitutes a “good” ROAS can differ...
by Leif Jensen | Feb 3, 2025 | Running a Business |
Illinois and Chicago have specific requirements for sexual harassment prevention training: Illinois State Requirements: All employers in Illinois must provide annual sexual harassment prevention training to all employees. The training must cover: Explanation of sexual...
