SWOT – stands for Strengths, Weaknesses, Opportunities, & Threats.
In business, this is a tool that is utilized to assist in making decisions. However, it can be beneficial to use this process when making important personal decisions. It helps us work through the decision making process without adding emotion into it. As emotions are temporary, it can be detrimental to base our decisions on them!
- What are your strengths? (These are helpful internal things to your progress)
- What are your weaknesses? (These are internal things that get in the way of your progress)
- What are your opportunities? (These are external things that can help your progress)
- What are the threats? (These are external things that get in the way of your progress)
