SWOT analysis part of a business plan, template and strategy example

Take my full business plan and entrepreneurship courses:

https://www.udemy.com/course/how-to-start-a-business-go-from-business-idea-to-a-business/?referralCode=39682B31DCA89BD13A15

https://www.udemy.com/course/how-to-write-a-business-plan/?referralCode=D66A2AFD0CC9CFC4278F

My popular business plan book on Amazon:
https://www.amazon.com/Business-plan-template-example-business/dp/1519741782/ref=sr_1_3?keywords=business

For more business help, check out my apps, books and courses for entrepreneurs: http://www.problemio.com

In this tutorial I explain what is a swot analysis in a business plan. Many people find this foreign sounding word to be confusing and intimidating, but it is quite simple really. Swot stands for strengths, opportunities, weaknesses, and threats. It is a nice way to examine the pros and cons of a particular business direction. When you decide on a business strategy, you can do a swot analysis to help you determine whether it is something that will be truly beneficial to your business in the short and long term.

Let’s go over an example of performing SWOT analysis for a business strategy decision of my own business. Let’s say that the decision is to start a YouTube channel for my business. At the time of writing this, I have already started and ran a YouTube channel for over a year so this is a decision that I already made. So let’s go over the key points I considered (or SWOT analysis) when I made the decision to start my YouTube channel.

The strengths of this decision were that I already help entrepreneurs, and my videos would be on topics that I already know a lot about. Another strength was that I was going to be able to get my YouTube channel to grow if I funneled my app users to subscribe to the channel, and watch my videos. The weakness was that I would dis-focus my efforts and stress my resources even more than they were already stressed. The opportunity was that I would get exposure to potential hundreds of millions of YouTube users, which is quite amazing. And the threat is that I fail, waste time and have this project hurt my business.

Below are more tutorials to help you write a business plan.

Business planning playlist:
https://www.youtube.com/watch?v=pTKvgsUrLGE&list=PLAgq5S6WQmzGEfMPCPuxa7P_VC1NywXTR

Business plan for a fashion business or clothing line:
https://www.youtube.com/watch?v=wqcjxFEBFYI

Business plan for a day spa:
https://www.youtube.com/watch?v=LYOZUyVTe1c

Business plan for a boutique
https://www.youtube.com/watch?v=dtz4Wgq6VOc

Lawn care business plan:
https://www.youtube.com/watch?v=vhrm36lfSrI

How to plan and start a personal assistant business:
https://www.youtube.com/watch?v=siXbQar05Hk

How to write a business plan for a carpet cleaning business:
https://www.youtube.com/watch?v=x1cwvbzjnKg

How to open a pet store:
https://www.youtube.com/watch?v=5m64WBOhbtQ

How to open an animal rescue shelter:
https://www.youtube.com/watch?v=IBJi1TmROZs

How to start a home painting business:
https://www.youtube.com/watch?v=miGuNt_nRNw

How to open a coffee shop:
https://www.youtube.com/watch?v=D5bibcEpOn4

How to write a business plan and open a barbershop:
https://www.youtube.com/watch?v=aiG-h0N4wvY

How to open a nightclub:
https://www.youtube.com/watch?v=-mGhuq52Yow

How to start a computer repair business:
https://www.youtube.com/watch?v=VZ9XvEwDT0k

How to write a business plan and start a daycare business:
https://www.youtube.com/watch?v=mquu8No8phw

How to write a business plan and start a residential and commercial cleaning business:
https://www.youtube.com/watch?v=Zy2KGGCStdQ

How to start a handyman business:
https://www.youtube.com/watch?v=rkwxkhfO_wI

How to write a business plan and open a hookah lounge:
https://www.youtube.com/watch?v=C5iLGwsvpT8

How to write a business plan and start a snow removal business:
https://www.youtube.com/watch?v=azhoBziW9dk

How to plan and start a photography business:
https://www.youtube.com/watch?v=4KTacErtNkQ

How to become a life coach:
https://www.youtube.com/watch?v=JVJPo4HRIDU

Moving company business plan:
https://www.youtube.com/watch?v=gHjNoSSTexQ

Business plan competitive market analysis: know your competition
http://youtu.be/0B42j_7bdFQ