Entrepreneurship is the process of designing, launching, and running a new business, typically characterized by the creation of a product or service to meet a specific market need. It involves taking on financial risks in the hope of profit while also managing various aspects of business operations, including market research, strategy, financing, and marketing. Entrepreneurs are individuals who identify opportunities, innovate, and mobilize resources to establish and grow their businesses. Through entrepreneurship, individuals contribute to economic development, job creation, and technological advancement. The entrepreneurial spirit encompasses qualities such as creativity, resilience, and the ability to adapt to changing market conditions, making it a crucial driver of economic progress and change.
The UK government raised the self-assessment tax threshold from £1,000 to £3,000, relieving about 300,000 taxpayers from filing forms with HM Revenue & Customs. This change aids Britons earning extra…