The assignment requires me to create a PESTLE analysis for a business idea that I created...

The assignment requires me to create a PESTLE analysis for a business idea that I created which is basically a coffee shop with drawing activities.

Entrepreneurship

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Expert Solution

Political	Economic	Socio-Cultural
1. Regulatory pressures	1. Fixed costs	1. Customer preferences
2. Labour and Union laws	2. Variable costs	2. Tea/other beverage drinking population
3. Taxation policies	3. Currency rates	3. Workstyle of consumers
4. Political nature of region/countries where sourcing is done	4. Tax slabs	4. Population
5. Legalities about what can be drawn and what not (eg- Countries like North Korea and China have posed restrictions as to what cab be considered as art)	5. Prices of different drawing items	5. Cultural interpretations of drawing

Technological	Environmental	Legal
1. Using free wifi to attract customers	1. Environmental policies and rules	1. Law of the existing country of operation
2. Emergence of new technologies in agriculture (for coffee beans)	2. Policies in sourcing coutries/regions	2. Food related laws if any
3. Different payment modes	3. Disposal of waste resulting from coffee business as well as from drawing sessions	3. Trade laws where sourcing is done
4. Using tabs/notebooks for drawing instead of actual pen and paper	4. Water wastage

keosha answered 2 hours ago

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