Which factors that affect businesses are completely out of the control of the entrepreneur/ business owner?

[Trush Jodie]

There are several factors that affect businesses that the business owners have no power to change them. One typical example is economy. The business owner has no control over how economic policies are made and how they affect businesses??
Which other factors that affect businesses that are outside the direct control of business owners?

 

[Kera]

The strategies that the competition would use is out of the control of the business owner. The entrepreneur just needs to respond.

 

[King Belieal]

One of such factors is prevailing interest rates set by the central bank for borrowing. A business owner can't control that.

 

[Laurentta]

One of these factors are economic factors such as recession, inflation.

 

[eLdavis]

One major factor that affects business that is usually beyond the control of the entrepreneur is the issue of cost of production.

 

[Augusta]

One factor is the customer need if a person doesn't need what you buy then you can't easily bend or convince them.to buy

 

[Suba]

There are many factors that can affect a company but cannot be controlled by the entrepreneur, especially external factors such as competitors, markets, government monetary policies, technological developments, etc.

 

[Kross]

The biggest factor here is technological development. The business just has to respond to it. And responding wrongly can ruin the business.

 

[Augusta]

Sometimes production itself. As a wholesaler you might not be able to control.the activities of production. You only sell what's being produced

 

[Stardom22]

For instance this goes to the businesses that deals with some imports. When the government for example imposes certain policies on the control or ban for some products, the entrepreneurs are really out of that bracket to control that for sure

 

[Springtime]

There are many external factors which may affect the business. To name a few, poor economy, pandemics, government regulations may all affect the profitability of a business.

 

[Augusta]

These are forces that arise outside the company's immediate sphere of influence, like economic conditions, technological advancements, government policies, and even natural disasters.