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Published byAusten Byrd Modified over 9 years ago
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How to Make the Most of a SWOT Analysis
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You’ll discover: What is a SWOT Analysis? How does my business rate? Which areas should I concentrate on first? How to apply the SWOT technique to increase Growth, Profitability and Liquidity in your business
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SWOT Analysis What is a SWOT Analysis?
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SWOT Analysis A SWOT Analysis is a process that allows you to asses all aspects of your business in 4 categories These 4 categories are: - Strengths - Weaknesses - Opportunities - Threats
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SWOT Analysis How does my business rate?
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SWOT Analysis Let’s analyse your business Strengths Weaknesses Opportunities Threats
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SWOT Analysis Which areas should you concentrate on first?
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SWOT Analysis It is often common for businesses to commence a business improvement strategy by addressing weaknesses Our recommendation is to start by first examining your STRENGTHS and ensuring that you have a solid plan in place to maintain success with areas that are currently strong
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It is essential to make sure that your existing processes do not suffer in your attempt to improve other areas of your business or pursue new opportunities SWOT Analysis
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Then determine which items will have the greatest improvement in your business. This may be addressing a weakness, exploiting an opportunity, putting risk measures in place to counter act a threat or even promoting an existing strength further. SWOT Analysis
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How apply the SWOT Analysis to Increase Growth, Profit & Liquidity in Your Business
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It’s now time for you to conduct an individual SWOT analysis on each of these three key areas in your business: 1. GROWTH 2. PROFITABILITY 3. LIQUIDITY SWOT Analysis
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