A write up on external forces PESTEL (identifying opportunities and threats) that may have positive and negative impacts on new business entrants (MSMEs) amid the covid19 pandemic. Do you want to receive updates - FREE to your inbox? . Subscription Link Political Threat: The political factor determines to which a national or local government influences a certain industry. The government tax policies and sanctions affect the revenue-generating structure of any MSME. The ongoing forced community lockdowns,  whether it be enhanced, general and modified lockdowns places pressure on the finances of medium to small businesses.  Unlike with the bigger and established companies that can absorb losses over a long period of pandemic lockdowns, the overhead expense of medium to small business continues to pile up in spite of government bailouts. These bailouts are very limited and impossible to cover all the costs due to long sanctions imposed by the government. In the city of Baguio ,...