PESTLE Analysis: You can use this method to consider possible impacts that could affect your business
Political- Taxes and VAT rates
Economic- Inflation rates, foreign exchange rates, interest rates, effect on supply and demand
Social- High/Low employment, culture, age demographics and gender
Technological- Be up-to-date, cost of new equipment/methods, staff training and web developments
Legal- New sector legislation, manufacturing costs, meeting standards
Environmental- Recycling, ethical implications, carbon footprint, ecological influences and regulations