Envoy of Efficiency - What is SWOT Analysis?

A SWOT Analysis is a strategic planning tool used to identify and evaluate the key internal and external factors that affect your business or idea. The acronym stands for:

Strengths – What are you good at?
Weaknesses – What areas need improvement?
Opportunities – What external trends or chances can you take advantage of?
Threats – What challenges or risks should you be aware of?

By understanding these four elements, you can make smarter decisions, prepare for growth, and reduce risks.