How do you count the points in a SWOT analysis?

After conducting a similar analysis, you will be able to make a final decision on your business project with peace of mind. This will not be an easy task. It will require you to be very objective and distance yourself from your own business idea. First of all, you need to think about the characteristics of your venture – whether they are positive or negative compared to your competitors. He can use as a set of such qualities what he

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How do you acquire assets to run a business?

Author: Florian Wierzchowski You can’t run a business without resources, that is, without assets. As I wrote in a previous post, resources can be a variety of things, but basically the resources you need are those that will help you run your business and that will generate money. We usually know what we need, but how do we get it in a way that doesn’t immediately empty all your pockets? For the sake of example, let’s assume that you want

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How to conduct a SWOT analysis?

The name SWOT comes from the English words S – strengths, W – weaknesses, O – opportunities and T – threats, meaning strengths, weaknesses, opportunities and threats. When deciding how to start your business, you should conduct the final analysis precisely in these four variations, that is, according to factors: From such a division, a table of 4 boxes is formed, containing the following combination of these four criteria: SWOT analysis is very often used by well-known companies in the

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How to identify assets when starting a business?

Author: Florian Wierzchowski A very important question that anyone intending to start a business should ask themselves is what assets they have. Assets are tangible and intangible resources that make it possible to earn, i.e. generate revenue. The question therefore resounds: “What do I have that I can start operating with to start a business and make money?” Tangible assets are, in the simplest terms, tools and materials with the help of which, by doing some physical or mental work,

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How do you know the financial health of your counterparty and why should you know it? Part 2

Author: Florian Wierzchowski To find out about the situation of your potential counterparty, you have a whole spectrum of possibilities and means at your disposal. From white intelligence – simple, free, publicly available data – to business intelligence, which will provide detailed albeit paid information. I will discuss a few of these below. The first, although not obvious to many entrepreneurs, method of verifying our counterparty’s situation is to ask them directly for their own information on their current financial

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