This Acronyms Used in a business cont

swot-strenghts-weakness-opportunities-threats

ext, it helps you carve a sustainable niche in your market. Used in a personal context, it helps you develop your career in a way that takes best advantage of your talents, abilities and opportunities . Each Aspect have a big related with you business in future . you will need it all if you really want to starts you Own Business

To carry out a SWOT Analysis, you need to answer or at least think all about it :

Strengths:

* What advantages does your company have?

* What do you do better than anyone else?

* What unique or lowest-cost resources do you have access to?

* What do people in your market see as your strengths?

* What factors mean that you “get the sale”?

Weaknesses:

* What could you improve?

* What should you avoid?

* What are people in your market likely to see as weaknesses?

* What factors lose you sales?

Opportunities:

* Where are the good opportunities facing you?

* What are the interesting trends you are aware of?

Useful opportunities can come from such things as:

* Changes in technology and markets on both a broad and narrow scale.

* Changes in government policy related to your field.

* Changes in social patterns, population profiles, lifestyle changes.

* Local events.

Threats:

* What obstacles do you face?

* What is your competition doing that you should be worried about?

* Are the required specifications for your job, products or services changing?

* Is changing technology threatening your position?

* Do you have bad debt or cash-flow problems?

* Could any of your weaknesses seriously threaten your business?

Refer all tha question , i think you can get some thread and Conclution

Strengths and weaknesses are often internal to your organization. So you can answer it if u supposed that you already start you own business, so you can answer all the information that needed . Opportunities and threats often relate to external factors. For this reason the SWOT Analysis is sometimes called Internal-External Analysis and the SWOT Matrix is sometimes called an IE Matrix Analysis Tool.

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