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In business, external factors are circumstances or situations outside the business that a business cannot control. These factors include social, political, technological, environmental, legal and economic issues. More »

External factors that may affect a company include the state of the economy, weather patterns, the law and social trends. External factors, which are uncontrollable, tend to affect companies differently. More »

Internal factors are those issues that affect the business's performance either negatively or positively and originate from within the business. These factors may increase profitability or cause loss depending on how the... More »

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Cost control of food involves several different practices and methods to ensure a restaurant or similar entity reduces spending on food purchases in order to maintain the appropriate profit margin for the business. It ma... More »

There is no single reason a business partnership succeeds or fails, but there are certain factors that can make or break a business partnership. Here are three critical ones. More »

Typical start-up costs depend on such factors as the size and type of the business and what assets and expenses are associated with it. For example, a franchise ran out of a home may need only $1,000 to $5,000 to begin o... More »

The decision on whether to buy or rent a space for a daycare business depends on several factors, including available cash on hand, the business model and the starting size of the daycare. Business owners should also con... More »