Let’s do an interesting activity! You write down Strength, Weaknesses, Opportunities and Threats for your business in below table:-
Try to populate the list for each of the above requirement. It’s not as easy to find out things!!
As per well know saying,” The difference between success and failure for a business is, understanding about Strength and Weaknesses.” SWOT Analysis helps you in taking right decision for the same you should have precise data. “Data” helps you process it as information to build knowledge about the business. Eventually, a knowledgeable person is more certain about its action and can take better decision.