You need to take time to understand your business and know the things that could affect its success. The tool often used to do this is SWOT Analysis or Strengths, Weaknesses, Opportunities and Threat.
The most effective way to understand where your business is coming from is to do a SWOT Analysis. Learn what a SWOT Analysis is and how you can use it for your home business.
It is useful to look at not only your own business, but your competitor’s businesses and the current business environment as well. Learn about SWOT analysis
Do you really know how your business is performing? Meaning more than just sales growth or profitability trends. Have you ever done an in-depth analysis of your business? Here’s how you can.