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4. understanding external change whether youamp;#39;re planning a global business or a local startup itamp;#39;s important to know there are things you can and canamp;#39;t control it can help to think of external factors as market trends while trends themselves are often out of your control your ability to understand trends and how they could affect your business is not the challenge is to use trends to your advantage by learning to anticipate and quickly respond to them to understand the concept of external change letamp;#39;s go back to our simple example of pennyamp;#39;s lemonade stand for penny winter is coming and the lemonade stand is not doing as well as it used to some changes you make might fail but some will succeed itamp;#39;s your job to adjust and develop your business ing to whatamp;#39;s happening around you new ideas wonamp;#39;t always work so introduce changes on a small scale as quickly and as cost effectively as possible before you commit to larger more ex
