How To Conduct SWOT Analysis
This project guide helps two Sky’s the Limit members work together through three meetings as they collaborate to achieve a specific milestone.
Meeting 1: Strengths and weaknesses
Before this meeting:
-
Make sure that you’ve had an intro meeting. If you need help navigating your first meeting, visit this Guide to Your First Meeting.
-
Review: What is SWOT Analysis article, especially the Strengths & Weaknesses sections.
In this meeting:
-
Discuss your business’s strengths.
-
Discuss your business’s weaknesses.
-
Use the SWOT Analysis Template in the article to take notes.
After this meeting:
-
Review your list and add anything you think of after the meeting to your template.
-
Note any agreed-upon next steps.
Meeting 2: Opportunities and threats
Before this meeting:
-
Review: What is SWOT Analysis article, especially the Opportunities & Threats sections.
In this meeting:
-
Discuss your business’s opportunities.
-
Discuss your business’s weaknesses.
-
Use your SWOT Analysis Template to take notes.
After this meeting:
-
Review your list and add anything you think of after the meeting to your template.
-
Note any agreed-upon next steps.
Meeting 3: Opportunities and threats
Before this meeting:
-
Review your SWOT Analysis Template
In this meeting:
-
Identify your main Strengths, Weaknesses, Opportunities and Threats and add them to the last page of your SWOT Analysis Template.
-
Explore possibilities for new efforts or solutions to problems.
-
Discuss the best path for your business.
-
Determine possible changes.
After this meeting:
-
Take action: Let this analysis guide your decision making. Adjust and refine pas needed. A new opportunity might open wider avenues, while a new threat could close a path that once existed.
-
Be sure to mark your project complete, update your business tracker, and start a new project!
Want to talk to someone who can help?
Sky’s the Limit members are connected to a community of volunteer business mentors, more free tools and guides like this one, and exclusive funding opportunities.