Free SWOT Analysis

Answer a few simple questions Print and download instantly It takes just 5 minutes

Create Your Free SWOT Analysis

  1. Answer a few simple questions
  2. Email, download or print instantly
  3. Just takes 5 minutes

SWOT Analysis

Company Opportunities


Company Opportunities

What opportunity does the company have?What does "opportunities" mean?Opportunities are external factors that can help your business succeed.

Consider the following questions when listing the company's opportunities:
  • Do your competitors have any weaknesses that you can benefit from?
  • Are there opportunities for partnerships or affiliates?
  • Are there emerging trends that your company can capitalize on?
  • Is there sufficient demand to expand your market share?
  • Are there changes in technology that your company can take advantage of?
  • Are there any government policies that could positively affect the business?

Examples of common company opportunities:

  • - Demand for new products
  • - Interest in affiliates or partnerships
  • - Evolving market trends
  • - New technology and digital platforms
  • - Availability of skilled workers



Your SWOT Analysis

This document preview is formatted to fit your mobile device. The formatting will change when printed or viewed on a desktop computer.
Page of

Company: ______________________________

SWOT ANALYSIS

26 February 2024

STRENGTHS

WEAKNESSES

  • ____________________________

  • ____________________________

OPPORTUNITIES

THREATS

  • ____________________________

  • ____________________________

©2002-2024 LawDepot.com®

Last updated January 31, 2024

Written by


Reviewed by


|

Fact checked by



What is a SWOT analysis?

SWOT stands for strengths, weaknesses, opportunities, and threats.

A SWOT analysis is a strategic planning or project management tool companies use to evaluate internal and external elements of their business. They consist of four lists of the company’s strengths, weaknesses, opportunities, and threats. Its purpose is to allow a company to evaluate itself, overcome challenges, and determine new strategies for the future.

The “strengths” and “weaknesses” sections typically look at the internal factors of your business. The “opportunities” and “threats” sections analyse external factors that can help or harm your company.

The document should be an objective view of the company where everyone involved in making the SWOT can speak honestly about the state of a business.

Why is a SWOT analysis important?

SWOT analysis is valuable because it helps you pinpoint your company’s internal areas that are performing well or need improvement and external factors that can grow or harm your business. You can perform a SWOT before committing to any company action.

A SWOT analysis encourages you to take a bird’s eye view of your company, which can help make complicated issues more manageable.

SWOT analyses are typically part of a bigger Business Plan.

How do you perform a SWOT analysis?

To perform a SWOT analysis, start by gathering a team to analyse the company. The more unique perspectives you have, the more well-rounded your SWOT will be. You don’t want to leave any stone unturned.

Next, determine the goal you want to achieve with your SWOT. You can use the document to take a macro-level view of your business or focus on a particular area. There’s no limit on the number of SWOTs a company can make, and your circumstances may warrant making more than one to cover multiple areas of your business.

Once you have a goal, create a list of questions related to your overall objective that you want answers for in each section of your SWOT. You can then use those questions to guide your research for relevant data on your company or competitors. 

For example, if your company is a retail store, you may want to look into which items are selling well and poorly or maybe analyse your competitor’s marketing strategy. The information you gather will likely help you determine your company’s strengths, weaknesses, opportunities, and threats.

Once you have a pool of relevant information about your company, you can create your SWOT analysis.

How do I create a SWOT analysis?

You can easily create a SWOT analysis by filling out LawDepot's questionnaire. Using our template will ensure you complete all the necessary steps:

Step 1: State the type of business

Start your SWOT analysis by stating whether the company you’re analyzing is a new or existing business.

Step 2: Include the company name

Include the company’s name in your document. You can do a SWOT analysis for any company, whether it’s your own or a competitor's.

Step 3: List the company’s strengths

Make a list of your company’s strengths. Consider internal factors that can help your business grow or elements of the business currently succeeding.

Some questions you can ask yourself when making your list include:

  • What does my company do well?
  • Is my product or service unique or different?
  • Do I own any intellectual property rights or proprietary technology (e.g., patents or licences)?
  • Is the location of my business ideal for my target market?
  • Is my pricing competitive?
  • Do I provide exceptional quality?

Step 4: Create a list of the company’s weaknesses

When brainstorming your company’s weaknesses, consider internal factors that can cause your business to fail. Also, consider things your competitors may do better than your company.

Some examples of weaknesses may be:

  • Cash flow problems
  • Outdated technology or facilities
  • Limited distribution channels
  • High staff turnover
  • Poor customer service

Step 5: Brainstorm a list of the company’s opportunities

Make a list of opportunities your company can seize. These are external factors that can help your business succeed.

Consider any emerging trends your company can capitalize on or competitor weaknesses you can use to your advantage. Maybe there are opportunities for partnerships with other companies or technology that you can use to your advantage. Perhaps there are government policies that could positively affect your business or areas of the market that are currently underserved.

Step 6: Make a list of the company’s threats

Think about some external factors that can cause harm to your business and list them in your SWOT analysis.

Some questions you can ask yourself when making your list include:

  • Are my suppliers dependable?
  • Can new competitors easily enter my market?
  • Can larger competitors undercut my pricing?
  • Is there a risk of new taxes?
  • Will uncertain weather conditions or natural disasters significantly affect my business?
  • Is there an economic decline that could affect customers' spending habits?

SWOT Analysis Example

Hillfort House Goods is a family-owned company that offers a wide selection of high-quality home goods, such as small furniture, kitchen and dining items, linen and sheets, storage solutions, and decors. Hillfort House Goods has been proudly serving the city of Bristol and surrounding areas since 2010.

Here is what its SWOT analysis looks like:

SWOT Analysis Example filled out template

Related Documents

  • Business Plan: Outline a business's challenges and opportunities as well as its marketing, financial, and management details
Create your free SWOT Analysis in 5-10 minutes or less
Know someone who could benefit from free legal forms? Pass it along:
This document preview is formatted to fit your mobile device. The formatting will change when printed or viewed on a desktop computer.
Loading ...
Loading ...

Note: Your initial answers are saved automatically when you preview your document.
This screen can be used to save additional copies of your answers.