This lesson helps learners understand their current business reality so they can plan operations that are realistic, achievable, and aligned with their capacity.
SWOT is used here not as a theory exercise, but as a practical planning tool.
Learning Objectives
By the end of this lesson, learners will be able to:
- Understand the four components of a SWOT analysis
- Distinguish between internal and external factors
- Conduct a simple SWOT analysis for their business
- Use SWOT insights to inform operational priorities
Why This Lesson Matters
Many founders plan based on:
- What they wish they had
- What they think they should be doing
- What others are doing
This often leads to:
- Overstretching time and money
- Poor execution
- Burnout
SWOT brings honesty into planning.
It helps answer:
- What can I realistically do right now?
- What do I need to improve or avoid?
- Where should I focus my limited resources?
Part 1: What Is a SWOT Analysis?
A SWOT analysis is a tool used to assess internal and external factors that affect your business operations.
|
Category |
What It Looks At |
|
Strengths |
What you do well |
|
Weaknesses |
Where you struggle or lack capacity |
|
Opportunities |
External factors you could take advantage of |
|
Threats |
External risks or barriers |
Internal vs External
- Internal factors → Strengths & Weaknesses
(skills, experience, resources, systems) - External factors → Opportunities & Threats
(market trends, competition, customer behaviour)
Part 2: SWOT Example – Artisan Coffee House
Business Idea: Small independent coffee shop
|
Strengths |
Weaknesses |
|
Skilled barista |
Limited startup funds |
|
Unique coffee blends |
No business experience |
|
Good location |
Not confident with tech |
|
Opportunities |
Threats |
|
Growing support for local businesses |
Strong competition |
|
Rise in takeaway culture |
Rising supplier costs |
|
Online ordering demand |
Large coffee chains |
Part 3: Analysing Your SWOT for Action
SWOT becomes useful only when you act on it.
Ask the following questions:
|
SWOT Area |
Planning Question |
|
Strengths |
How do I build on these? |
|
Weaknesses |
How do I reduce or work around these? |
|
Opportunities |
Which ones can I realistically pursue now? |
|
Threats |
How can I reduce the impact of these? |