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SWOT ANALYSIS
What is it?
Today a business must consider several things when planning their market strategy. First, it starts with identifying the company’s needs. You must know who your target audience, and demographics are.
You must be able to identify your business needs by identifying the SWOT Analysis. What is the SWOT Analysis you ask? Well SWOT stands for the following: S = Strength, W = Weakness, O = Opportunities, T = Threats. You must be able to identify the external and external, and positive and negative factors.
Specific, Measurable, Attainable, Realistic, and Time-Bound. Be specific in your Smart goals by setting real numbers and deadlines, do not just say I want more visitors. You must make sure that your goals are trackable, and do not hide behind buzzwords. You must be able to work toward the goal, and know that you cannot take over the world in one night. Be honest and know what you and your team are capable of, and do not forget any hurdles you must overcome. You must always set a deadline and keep pushing toward the goal that you can hit one day.
What is meant by a weakness, you must know what other companies offer the same type of products and how to use it to your advantage and know your opportunities and the best ways to put them to work for you. A weakness is the internal factors within your company, and knowing the threats outside…