Capability and core competencies - Owners and employees should have a skill set which makes them unique from their competitors., Time constraints - Managers need to prioritise tasks in accordance with deadline dates, Financial constraints - A budget should be set in terms of money is available in each stage of business setting up, Potential stakeholder influences - Have a direct influence over the business., Access to physical resources - Make sure that the equipment/products that are supplied can be sold in accordance with health and safety measures, Availability of IT - Internet speed, cost of technology, suitability of technology., Environmental influences - Legislation, economic climate, consumer trends, location of premises, Internal risks. - Staff performance and motivation, internal computer system, supply chain, equipment and materials used., External risks. - Supply of goods required, political influence and natural factors.,
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Recap Factors and Internal/External Factors
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