Good afternoon all!
A few things to remember when starting a business,
Make a list of your businesses strengths and weaknesses which are internal factors. The goal here is to build and enhance your strengths and resolve and reduce your weaknesses. Then start turning your weaknesses into strengths; this will ensure that your weaknesses will not hinder your opportunities.
Businesses are subject to opportunities and threats that are external to your organization. Being aware of these will help you operate within these constraints. Exploit and expand on your opportunities; avoid and prevent threats.
These internal and external factors are always subject to change – keep your analysis up-to-date and relevant so that you can maximize your success!
