Non financial factors play important role in making meaningful decisions related to buiness . So such aspects should be considered by entrepreneur before commencing any buiness venture. So below are the following such non financial factors :
- Climate or weather conditions - before starting business the company should take into account the weather conditions and make products and services and provide the same to its customers to gain profit .
- Customer satisfaction - customer is the king of market so the business should take all steps to provide customer satisfaction and ensure it's long term growth and survival.
- Government regulation - an entrepreneur must consider government rules and regulations before investing in a particular business venture and accordingly prepare strategies for business.
- Human factor - availability of manpower is important for conducting business operations so a firm should ensure sufficient availability of manpower before starting entrepreneurial venture .