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Follow on Google News | Create Your Own Economy: Private Sector Success Story And Lessons On How Politics Influence PoliciesBy: Better Business Brokers At the age of 77, Huntsman has given away about $1.2 billion. Donations to his cancer foundation knocked him off The Forbes 400 list last year. But a run-up in his company stock should put his net worth near $1 billion again this year. After losing his mother and to cancer, as well as suffering from the disease 4 separate times himself, the majority of this money has gone to the Huntsman Cancer Institute at the University of Utah, the largest in the world for combined children and adult genetic cancer research. He donates about $120 million each year. Mr. Huntsman has become a leading advocate for private research, proclaiming that public funding is nowhere near as effective as private research, because private research holds scientists accountable. His efforts are much needed; the most recent study from the New England Health Journal showed that between 2007 and 2012, private investments in medical research fell by $12.9 billion in the U.S. In addition to that, there have been multiple budget cuts from within the federal government on medical research (about $1.55 billion). Unlike government bureaucracy, Huntsman says that his researchers are not in a situation to be swept under the rug or sidelined by shortages in funding. Their efforts matter, and so Huntsman makes sure that any specific studies or experiments begun in his research facilities are supported until completion. The same cannot be said about public funding. Time and time again has showed that bureaucratic approaches and public funding to a society’s economic wellbeing are not nearly as lucrative or effective as private endorsements are. The government needs to be run like a business. This is the solution to fixing multiple conflicts our nation is facing. I say this because I am a successful business woman, who first got her start in business when starting my own franchise development company and sold franchises. After selling franchises for a few years, I realized my philosophies were very different from the franchisor I was representing. I was selling tremendous services, training, and support systems that my leader (franchisor) I chose to not represent franchisors, because I could not look myself in the mirror and sell their products and services in good faith, because they were neither servicing nor were they listening to constructive feedback on how to more carefully and effectively operate for the sake of the franchisees’ I now specialize in buying and selling private businesses. I am a firm believer that small business owners are the skeletal structure of the US economy. Therefore, my advice is to go your own way by building something you believe in. Do it with passion and find yourself financially independent. Create your own economy, so you can support and fund the things you believe in. Ultimately, my advice is to get rich now and save the world after. It is the private sector, not the public sectors that will change the world. However, I pray that after you are able to empower yourself that you do the world justice as a great leader, who then works to empower others. That is the key to creating a more sustainable economy; but more importantly it is the crucial factor which would help make the world a better place to live. Isn't that what life is all about? End
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