Definitions
The company's image
Brand
Clear communication skills
Soft Skill
What does "S" stand for in SWOT?
Strengths
4 P's of marketing
Product, price, place, and promotion
Gas Money
What is Variable?
The process of starting and growing a company using your own resources, without relying on outside sources.
Bootstrapping
Problem solving
Soft Skill
What does "W" stand for in SWOT?
Weaknesses
Money you have left after paying for business expenses
Profit
Bookkeeping
Hard skill
What does "O" stand for in SWOT?
Opportunities
Total Sales - Total Expenses = ?
Profit
Huge demand in supplies
Scarcity
Sales & Negotiation
Hard Skills
What does "T" stand for in SWOT?
Threats
Legal protection for an invention
Patent
Fast typing skills
Hard Skill
What is SWOT Analysis?
An analysis of a business that shows it's strengths and weaknesses.