Putting Your SWOT Analysis Together

Ready to move on to the next step with your Small Business SWOT Analysis?

Now that you have analyzed your strengths and your weaknesses, and identified all of the opportunities and threats in the market, it is time to put your swot analysis together.

By now, you should have quite a list of actions on your action sheet.

Sort through them and identify any that are similar or that would impact on a particular area of your operations, and look at them again.

At this point your SWOT Analysis is virtually done, and the resulting action list will feed into the development of your strategies and objectives for your business plan.

Re-Assessing Your Business Model

Now that you have your SWOT analysis and actions, it is time to take another look at your business models and the assumptions you made at the beginning of the process.

Given your strengths and weaknesses, are you going to be able to achieve your business model or does it need to be adjusted?

Have you identified any opportunities that could allow you to expand your product offerings, or maybe you should change direction all together.

Do any of the threats that you identified change your thinking about your business model?

If you answered yes to any of these questions, you will need to take another look at your small business model before you move onto the next step.