Entrepreneurship involves a lot of risk and it is all about taking the risk. No one plans or prays for his/her business to go negatively, as much as we wish everything to go as smooth as possible there is ‘’no sure’’ thing in business and when doing business a lot of things can actually go wrong when starting up a business and another thing is that there is always the possibility of failure. That is why we must however plan to manage and reduce the risk to the barest minimum when starting up a business. A lot of pitfalls […]
Run & Grow
Technological Factors Affecting Business
The trend in which the world is advancing technologically is quite rapid, now virtually every facet of life has been positively or negatively affected you. The growth and development in technology can help improve positively productivity of the labour force, and also reduce drastically the transportation costs, communication costs, distribution costs and production costs. A good example of technological factors that can affect business includes the change that has a positive effect on the production and distribution of a product or services. The introduction of technology into business has helped in a lot of ways even in virtually every […]