I remember going to a dog park where a little 4-month-old Boxer puppy ran around jumping on everyone. The dog was not heavy enough to knock most of the adults down. However, it left everyone with muddy pants and the dog was big enough to knock over small children. The owner did nothing to stop the jumping puppy. After all, it was just a small pup. Everyone around her was pretty annoyed at the muddy prints the dog was leaving all over their clothes. That is an owner who will have a problem with her dog jumping on people when it gets older.
A conflicting behavior when you come home—like “sit”—helps enormously. You’ll need to practice your puppy’s “sit” during calm moments first, and then ask for this polite behavior before you leave and when you arrive home. Guests will appreciate a polite “sit” when they arrive, too, as they won’t appreciate your puppy leaping around and mugging them for attention.
Paying attention to a dog only when all four paws are on the floor can work well, if jumping isn’t well entrenched and if everybody who deals with the dog follows the rules. Unfortunately, much of humanity will get busy undermining you. “I don’t mind your puppy jumping up,” they say, while you tear your hair out. Or they get all disciplinarian, maybe kneeing the dog in the chest. That is not only mean but counterproductive, because dogs often respond by trying to appease. Since humans are usually taller than dogs, reaching our muzzles to lick them involves jumping up.