Hi entrepreneur!
Welcome to a new Elevatorfy session.
In today’s class we’re going to see the SWOT analysis.
What should you know after this class?
SWOT analysis.
- It is a simple yet powerful tool assist in developing your business strategy when building your startup.
- It’s super basic, but there is a reason, it’s taught in every business school all over the world, it’s a true evergreen and it works.
S ➡️ strengths.
- Things your startup does well.
- Qualities that separate you from competitors.
- Innovate product or services.
- Internal resources.
- Tangible assets such as intellectual property, capital, or technology.
W ➡️ weaknesses.
- Things your company lacks.
- Not enough brand recognition.
- Things your competitors do better than you.
- Resources limitations.
- Unclear unique selling proposition.
- Unclear business model.
O ➡️ opportunities.
- Underserved markets for specifics products.
- Few competitors in your area.
- Emerging needs for your products or services.
- Press/media coverage of your company.
T ➡️ threats.
- Tough competition or emerging competitors.
- Changing regulatory environment.
- Supply chain challenges.
- Negative press / media coverage.
- Changing customers attitudes toward your company.
Responses