Tuesday, September 1, 2015

The Varied Types Of Businesses In Belize

By Daphne Bowen


The exchange of goods and services, keeps the world moving. Commerce is an important thing in any country. That is why there are different types businesses in Belize. These help to boost the economy. They contribute to the GDP. They also employ millions of people. Enterprises also contribute to the national coffers. They pay tax on profits. This tax is called corporate tax. They are also taxed on dividends. Companies offer monies that sustain local, regional and national economies. Through Corporate Social Responsibility (CSR), businesses contribute to social causes such as poverty eradication and environmental conservation.

There are big and small enterprises that offer crucial services to Belizeans from all walks of life. Service enterprises are needed in any economy. Those in the transport sector ensure the seamless movement of supplies and human beings. Products need to move from where they are produced to where they are in high demand. Everyday, employees have to attend work and they use buses and taxis as their means of transport. There are businesses that manage fleets of vehicles which facilitate local and cross-border movements.

Some businesses in this country can be labeled as financial firms. This deal with an important aspect of daily life: finances. Everybody works to earn life sustaining money. Business income is quantified in the form of money. The management of this resource is crucial. This service is offered by some firms. Banking business is an important one. The risk of holding cash necessitates the need to have banks. These institutions also connect those who want to earn interest for their money to those who urgently need finances for business or personal use.

IT firms are indispensible in the present day world. This is because of the rise in new technologies. Some of the companies in this industry facilitate the distribution and sale of important technologies. Users need to be well enlightened about underlying aspects that is why some market players are in the business of technology education. The actual production of a piece of software is the primary concern of some enterprising individuals. Software is big business nowadays because society is going digital and as a result, the world has become a global village.

Another type of business is health business. This can be dealing with manufacturing of drugs, selling of drugs or dispensing of treatment to patients. A healthy nation is a wealthy nation. Therefore, it follows that for any country to develop, there has to be enterprises that are offering health care services.

Real estate business is booming in Belize. This is concerned with buying and selling of properties. The enterprises concerned do more than just facilitating property transactions. They connect potential buyers with lenders and also offer consultation services.

There are many businesses in this country that deal with consumer goods. Some are concerned with the sale and distribution of basics such as food and clothing. Others are in the luxury sector. Luxury good include watches and expensive furniture. There are also enterprises concerned with production issues. Farming produces enough food for human consumption. Production of cement and other building materials facilitates the growth of Belizean cities.

Society can simply not do without business. Enterprising behavior is a basic human instinct that has guided human beings for millennia. Belize has more than one type of business. Some offer services while a good number offer physical goods. In most cases, profit is the main goal of enterprising.




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