When a business begins, many people are affected. Obviously, the business owner will do anything to make sure the business is successful. If they don’t, they would lose their business, their job and a lot of money that they put into the business. Others who might be affected by a business are the employees. If the business fails or sales go down, then they may either lose their job or are less likely to get a raise.
Finally, another group of people who are affected by the success of a business are the shareholders. If the stocks go down for the business, then the shareholders would not make any money. They may need to pay money. The competitors of the business would not be considered to be stakeholders of a business.