The chart below will help you identify your strengths and weaknesses and will give you a better idea youre ready to become a small business owner. Examine each of the skills areas listed in the chart. Ask yourself whether you possess some or all of the skills listed in the parentheses. Then rate your skills in each area by circling the appropriate number, using a scale of 1-5, with 1 as low, 2 as between low and medium, 3 as medium, 4 as between medium and high, and 5 as high.
Worksheet - Strengths and Weaknesses Analysis
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Weakness FAQ
To perform a personal SWOT, divide a paper into four quadrants (one each for strengths, weaknesses, threats, and opportunities). To fill in each area, try answering the following questions: Strengths (don't be modest): How do your education, skills, talents certifications, and connections set you apart from your peers?
Examples include competitors, prices of raw materials, and customer shopping trends. A SWOT analysis organizes your top strengths, weaknesses, opportunities, and threats into an organized list and is usually presented in a simple two-by-two grid.
First, create two lists. Before you use any outside sources to help identify your strengths and weaknesses, I'd recommend that you spend about 30 minutes alone creating two lists. Talk to people you trust. Take a personality test. Try new things.
List your relevant strengths. Strengths are your skills, abilities and qualifications. Review your relevant weaknesses. Define any opportunities available to you. Understand any potential threats. Make an informed decision.
Strengths and weaknesses are internal to your companythings that you have some control over and can change. Examples include who is on your team, your patents and intellectual property, and your location. Opportunities and threats are externalthings that are going on outside your company, in the larger market.
Determine the objective. Decide on a key project or strategy to analyze and place it at the top of the page. Create a grid. Draw a large square and then divide it into four smaller squares. Label each box. Add strengths and weaknesses. Draw conclusions.
A personal SWOT analysis can do the same for an individual in pursuit of their career goals. It provides insights based on your personality strengths and weaknesses, what challenges you see ahead of you, and what opportunities are present around you now and in the future.
If you look at yourself using the SWOT framework, you can start to separate yourself from your peers, and further develop the specialized talents and abilities you need to advance your career and help you achieve your personal goals .
Identify your Strengths. Identify your Weaknesses. Identify your Opportunities. Identify your Threats.