Small businesses are the life blood of U.S. business. There are almost 28 million small businesses in the U.S., and together they account for about half of the U.S. gross domestic product.
For years, home-builder John London of Iowa had a pretty neat business formula going. When putting up a house, he would charge the cost of materials to his credit cards, pay the minimum monthly payment for a while, and then pay the cards off in full when the home was sold.
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