Saturday, 14 September 2013
So you have a great idea - time for a SWOT analysis!
SWOT - stands for: Strengths, Weaknesses, Opportunities, Threats!
How to approach each section: Some suggestions.
1. What are my Strengths
What can I do better than anyone else?
What resources do I have?
What's my unique selling point?
2. Weaknesses
What should I avoid?
Where do I lack skills?
What might hinder my sucess?
3. Opportunities
Does my idea tap into any trends?
Are there any emerging technologies that could help my idea?
Has there been anything in the news related to my idea?
4. Threats
Who's my competition?
Does changing technology affect my idea?
Good luck - and would love to hear your feedback on your business plans!!
The Agile Non-Exec
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