It’s amazing how an uplifting quote or inspirational story can completely change your day, and sometimes your life. Sign up now to receive an inspiring quote each day!
When starting a business you have to know your strengths, weaknesses, opportunities and threats.
*What can you do well?
* How you can stand apart from your competitors?
*Do you possess strong research and development capabilities?
*What internal resources do you have?
*What kind of tangible assets (capital, credit, distribution channels or technology) you own
*Which areas need improvement to compete with strongest competitors
*What does your business lack?
*Are there any limited resources?
*Is your business in a poor location?
*What opportunities exist in your market?
*How can these benefit you?
*Is the perception of your business positive?
*Had there been changes in the market lately?
*Who are your potential competitors
*Factors to control to prevent the risks to your business
*Is there anything deteriorating your revenues or profits?
*What threatens your marketing efforts?
These pointers are your constant considerations for your business.
Gerri Lewis Yip