You built your business to stick around for decades — not to peak in a few months then die out in even less time. Business isn’t simple, especially when the competition is eager to snatch your customers. But with the proper tools for planning, you’ll maintain the upper hand. Whether that means: Furthering your competitive advantage Building new markets Developing new … [Read more...] about The Best 20 Questions to Ask in SWOT Analysis
external factors
What to Include in a Polished Market Analysis
Your market analysis will cover your industry, brand competitors, target market, the aim of your business, and the external factors which will directly affect the growth of your business. Here’s why they’re necessary in your market analysis. 1. Industry coverage It goes without saying that you’re expected to know your industry inside and out. Ask plenty of questions and … [Read more...] about What to Include in a Polished Market Analysis
Why Business Environment Analysis is the Foundation of Every Business
Ever wonder why a business crumbles? Despite the perfect budget, and laser-focused marketing? And despite the product being in demand? Somehow, success never happens. It’s because the foundation is faulty. And that foundation is internal and external factors, which, left unattended, can rupture and kill a business. Using Business Environment Analysis helps identify these … [Read more...] about Why Business Environment Analysis is the Foundation of Every Business
External Factors that Affect a Business
Operating a successful business isn’t just about working hard, but rather about working smart. This can mean improving on planning, management, and targeting, along with many other things. The first step in actually doing so, though, is periodically reviewing and analyzing where you are in the market, and what you are doing. Looking at the factors that affect the performance … [Read more...] about External Factors that Affect a Business