Augusta
VIP Contributor
When it comes to running a business you should know that you'll be confronted by challenges this challenges could be internal or external challenges. Lots of times people focus moreb on internal challenges but we also have to tackle the external challenges to have you succeed with your business so what are business external challenges they can be divided into these four major points
Political challenge about the rules and regulations that will be emanates from the government and other authorities concerning your business it might affect your business positively or negatively- For example, new legislation.
Economic challenges another challenge we face is economic challenges which could come from inflation or unemployment. - For example, inflation and unemployment
.
Social challenges you will face the social challenge as an external issues for your business this happens when there are changes in taste and fashion
technological challenge.- This comes from the changes in innovation and it will affect the business.
Political challenge about the rules and regulations that will be emanates from the government and other authorities concerning your business it might affect your business positively or negatively- For example, new legislation.
Economic challenges another challenge we face is economic challenges which could come from inflation or unemployment. - For example, inflation and unemployment
.
Social challenges you will face the social challenge as an external issues for your business this happens when there are changes in taste and fashion
technological challenge.- This comes from the changes in innovation and it will affect the business.
