Part One: What factors affect a business?

There are many steps and aspects of starting and running a business, let’s take a look at a few! 

1. Technological aspects 

In the modern day, technology continues to grow, and people have become more accustomed to renewed tech. Cell phones, social media use, and artifical intelligence have completely changed the realm of the business field. Developments in technology are required for success and can affect how the business runs. It can impact the marketing strategy, a company's process, and the business's consumer interaction. 

2. Public Health 

Public health concerns can drastically impact a business—for instance, the Coronavirus. Coronavirus completely altered the business field and how companies worked, having to process without face-to-face interaction. Therefore, public health can lead to changes in business markets, customer demand, and consumer connections. 

3. Market Trends  

Consumer trends have affected the business market rapidly, especially recently. The interests of customers, which have been heavily influenced by the presence of social media, impact the outcome of a business’s success. Trends, such as interest in specific clothing styles or music, can change the trajectory of a business’s profits, marketing, and management of employees.

These are only a few of the aspects that influence a business and its success, and we'll take a look at more in the next part!

Source:

https://www.indeed.com/career-advice/career-development/change-factors