Old Town Monrovia Businesses Are Important

By Christine Young


Monrovia is a bustling city in the state of California. In the United States of America, California plays an important role. It is the richest state in America. It also has one of the highest populations in this part of the world. America needs California due to a number of reasons. The economy of California has been on an upward trajectory over the last few years. That has led to the rise of many local businesses including Old Town Monrovia businesses. Entrepreneurship is a noble endeavor. The world is in need of more smart entrepreneurs.

Monrovia just as many cities in the state of California is a center of business and commerce. The local economy of this city is worth millions of dollars. Commerce is the lifeblood of a city. The engines of commerce make the world to go round. Without commerce, the global economy will come to a grinding halt. That will be a state of chaos.

Entrepreneurship is not a luxury. It is a basic need. The importance of entrepreneurship in the modern day society should never be underestimated at any moment in time. It needs to be given the seriousness that it deserves. Businesses in California make it possible for Americans to obtain products and services that are needed for basic survival. Actually, people in America have basic needs.

There are entrepreneurs who deal with supplying consumer goods. These are considered as basics. There are three basic human needs. They are water, food, shelter, and clothing. These are usually supplied by enterprises. A person can only survive a few days without water. One needs to eat so that to be able to do anything. Clothing is used to cover nakedness.

Businesses are also important because they create new jobs. Every year, American businesses normally create millions of jobs. That is the reason why the United States of America has one of the lowest unemployment rates in the world. In America, it is easy to find a well paying job. That is a reality that many Americans are aware of.

A California business will also pay taxation to the state as well as the federal government. There are a number of taxes that entrepreneurs usually have to pay. Corporate taxation is usually paid on the profit that is earned at the end of the financial year. Withholding tax is a tax that is usually levied on the dividends that are paid to shareholders.

Taxation is not a burden. It is a responsibility. Every American citizen and business is responsible to pay taxation. So that to continue enjoying the benefits of peace and stability, a government requires taxation revenue. This revenue is used to pay the police as well as the armed forces of the United States of America. It also pays elected officials.

Life is about decisions. On one hand, there are good decisions. On the other hand, there are bad decisions. The decision to start a business is one of the wisest decisions that a person can make. This decision will lead to profit. An entrepreneur, who constantly makes a profit, will become a millionaire or a billionaire after some time.




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