Mitigating External Threats to your Business

External factors are constantly threatening to impact your business negatively. Such threats may include:

· Changing customer base

· Closing of geographic markets

· Technological advances

· Changes in government policies

· Tax increases

· Change in population age

· New distribution channels

 

You may have noticed some of these factors could present either an opportunity for new sales or a threat to your business. Carefully identify some external factors threatening your business, and develop a strategy to mitigate them.

 

Threat Strategy for Mitigation

External Threats Table.PNG
Robyn Hounjet