SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.
Strenghts | Answer |
What do you do well? | |
What unique resources can you draw on? | |
What do others see as your strenghts? |
Weaknesses | Answer |
What could you improve? | |
Where do you have fewer resources than others? | |
What are others likely to see as weaknesses? |
Opportunities | Answer |
What opportunities are open to you? | |
What trends could you take advantage of? | |
How can you turn your strengths into opportunities? |
Threats | Answer |
What threats could harm you? | |
What is your competition doing? | |
What threats do your weaknesses expose to you? |