Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

The SWOT analysis of a business.

M

Medowriter

Guest
Most business fails because lots of people fail to analyze the S-strength of their proposed or existing business, O-opportunities available for them to explore, W-weakness, it is very important for you to identify the major weaknesses in business, T-threat every business has it threats but most don't take out time to check out the likely threats to their business. It is necessary to check all this parameters.
 
Most business fails because lots of people fail to analyze the S-strength of their proposed or existing business, O-opportunities available for them to explore, W-weakness, it is very important for you to identify the major weaknesses in business, T-threat every business has it threats but most don't take out time to check out the likely threats to their business. It is necessary to check all this parameters.


I also agree with you. Most business people always look for opportunities to make more money and forget to analyze the threats that come in with those opportunities.
 
Most business fails because lots of people fail to analyze the S-strength of their proposed or existing business, O-opportunities available for them to explore, W-weakness, it is very important for you to identify the major weaknesses in business, T-threat every business has it threats but most don't take out time to check out the likely threats to their business. It is necessary to check all this parameters.
I think,you are absolutely right.A businessman or any person,who wants to be a successful marketeer,has to analyse everything,before he starts a business.I have read one time on a website,that somebody,who wanted to start his own website about travelling(making reservations and selling airplane tickets)he studied the market for about 6 months.Then he started his website and after a time he had an income of $1000 per month.It might be true,why not?
 
The SWOT analysis is just a basic guide or template when one starts an undertaking like business or future developments that needs to be carried-out. Although, this approach sounds good because you're given a picture of possible future outcomes, however, it doesn't guarantee that what has been analyzed would become the real outcomes.

Managers and directors of companies are fond of using this approach, but, the question is, if this approach is 90-95% effective, why there are still businesses that went bankrupt or managers being fired? Well, the answer is simple. There is still 5% room for error. Maybe, there's a lack of experience on the people analyzing the intervening factors or variables, being shortsighted in dealing the issue/s, analysis made may not be complex or holistic, or perhaps, due to 'chaos theory' that no matter how you control things, there's a point that you can never control them.
 
Most business fails because lots of people fail to analyze the S-strength of their proposed or existing business, O-opportunities available for them to explore, W-weakness, it is very important for you to identify the major weaknesses in business, T-threat every business has it threats but most don't take out time to check out the likely threats to their business. It is necessary to check all this parameters.
Sure,well stated.Swot is like the sole of any business especially for the just started ones.one must look criticaly at the business proposal will it be viable or not,take advantage of your competition weaknesses,withstand threats by looking for the way forward,show consistency and don't relent.
 
I think the same as you. SWOT analysis is really important for starters and for those who already own businesses. Thats the basic business knowledge that business owners should know before starting.So many owners nowadays tend to start without even analyzing .. Its sad but true
 
The SWOT analysis is pretty imperative regardless of the kind of business that you engage in. The industry that you are in does not matter since there are strengths, opportunities, weaknesses and threats that you must consider. What are your competitors doing, what opportunities do you have to boost your business, what are the possible threats and how are you going to mitigate any challenges? Analyzing this is not only important to your business now, but also in the future. This is not a one-off analysis, but it should be continuous. Not doing this will see your business fail before it even picks up.
 
SWOT means strength, weakness, opportunities and threats - this SWOT analyis is usually used by new businesses before start-up to analyse and identify their strength and weaknesses, what are the opportunities available in market, and what threat that they could possibly face from their competitors.
 
The SWOT analysis is very important in business. I learned this back in high but I only started to understand it now that I'm getting involved in business. Especially the threats that come in form of competition.
 
Another thing I think is that maybe you can capitalize your strength on one of these factors and the others will fall into place. All four factors should work in synchrony to your ideal plan.
 
You're right @Moqthar , it is not advisable to rush into a flourishing business without knowing the challenges because every business has it threat or challenges and if one is able identify and mange it , it add to the strength of the business.
 
Most business fails because lots of people fail to analyze the S-strength of their proposed or existing business, O-opportunities available for them to explore, W-weakness, it is very important for you to identify the major weaknesses in business, T-threat every business has it threats but most don't take out time to check out the likely threats to their business. It is necessary to check all this parameters.
The swot analysis is one the best tools that are very vital in today's competitive business World.The business man must those tools at his finger tips all the time,so as not to make a shipwreck of his investments.strengths could mean,physical assets,cash in the banks,experience,well trained personnel,high quality products,opportunity could be large market,connections,fundings,cheap sources of products and it likes,weakness,could be lack of organisation,wastages,poor management,bad account record keeping and there are many in any organisations.The threats are the ones that could be very devastating,it kill or destroy the business,bad policies is also a threat,the pandemic as seen now,the global economist recession as seen now.Any astute business man can through the tools of swot forge ahead and stay afloat.The understanding of the swot tool makes you to stand out and remain committed to success.I use it and when am hit by challenges I do not give up
 
Most business fails because lots of people fail to analyze the S-strength of their proposed or existing business, O-opportunities available for them to explore, W-weakness, it is very important for you to identify the major weaknesses in business, T-threat every business has it threats but most don't take out time to check out the likely threats to their business. It is necessary to check all this parameters.
Woow, l think these parameters are the most essential factors all the businesses around the world should check out for. These factors are really helpful for the to guide them operate smoothly.
 
The SWOT ANALYSIS is actually a good tool to be used when starting a business ,it helps to make the entrepreneur bear in mind what he is bound to face in the business .
 
The SWOT ANALYSIS is actually a good tool to be used when starting a business ,it helps to make the entrepreneur bear in mind what he is bound to face in the business .
Yeah,l think the SWOT ANALYSIS is really helpful to entrepreneurs when they are starting their businesses. This analysis really guide entrepreneurs in their operations so that the business may succeed in the future.
 
I think this swot analysis is very helpful , one thing business should also consider is the profit making quantity , because that will encourage the person to add more passion to the business
 
I think this swot analysis is very helpful , one thing business should also consider is the profit making quantity , because that will encourage the person to add more passion to the business
Yeah, that is also another point a business man should always check out for and l think businessmen do take the profit making aspect very serious when they are starting a business
 
Yeah, that is also another point a business man should always check out for and l think businessmen do take the profit making aspect very serious when they are starting a business
That's the thing they consider first unless they want to run an NGO scheme , because profit making is the motive of any business man
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.