93b13bc05b20ada69457977554f9a63c 2 Factors Which Determine the Development of a Business | Reachschools

2 Factors Which Determine the Development of a Business

When the business started to be built, profit earned may not be much. Even in some time, the newly created business may not generate any profit. When a businessman had known this thing, they should not be surprised, because this is the art of doing business. Earnig money from doing business is not easy, it needs hard work.

But rest assured that a well-run business would develop. Business development is caused by two things, namely external factors and internal factors. External factors means factors that are beyond the scope of the business organization, and tend not controlled by the business owner, though in essence is as a result of business activity. These external factors such example is the number of buyers or loyal customers.

Internal factors are factors that arise from within the business organization, or a business owner is actively trying to develop its business. For example, business owners implement business development methods to create and reach loyal customers.

The business owners realize that the development of the acquired businesses because of the power of business increase and hard work. Therefore, he attends seminars or watch business development video. Results of business seminars or watching business tutorial video he applied to the state of its business. This is an internal factor that affect external factor for developing their business.

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