A Billionaire Businessman on the Importance of Trust
A billionaire businessman on the importance of trust
Trust is essential for politics and business, but there isn't enough of it, said Jon Huntsman Sr., a billionaire businessman and philanthropist, while touring an addition to his health care center in Utah. He talked about a number of topics, including the importance of cancer research and the need for the rich to put their money to work. "If enough people, not only the billionaires and millionaires, gave according to their means, our country could dramatically change without tax increases," he said. The Salt Lake Tribune (Utah) (10/27)
Business money mistakes to avoid at all costs
Using personal credit cards to finance your business is a mistake that can lead to a number of negative consequences, writes Tom Gazaway of Hawkeye Management. "When you use personal cards instead of the right business credit card, you hurt your FICO scores, damage your credit file and miss out on the chance to separate your personal and business credit," he writes. Other common small-business financing mistakes include putting up too much collateral and failing to seek financial advice, he writes. Small Business Trends (10/26)
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