Innovation Is at the Heart of an Entrepreneurial Mindset and Important

question 16

Essay

Innovation is at the heart of an entrepreneurial mindset and important to success. However, what if a person does not tend to be creative? Should that person not consider forming an SME? What approaches can follow that will likely enable such a person to be more innovative than would otherwise have been the case?

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Definitions:

Local Government Revenue

The income generated by local governments from taxes, fees, and grants to fund public services and infrastructure.

Taxes in The U.S.

Various compulsory financial charges imposed by the government on individuals and organizations to fund public expenditures.

Proportional

Characterized by a constant relationship in degree or number between two variables.

Average Tax Rate

The proportion of total income that is paid as tax, calculated by dividing the total amount of tax paid by the total income.