How to Do SWOT Analysis for Business?

A SWOT analysis is a simple tool for analysis strengths (S) and weaknesses (W) in the business as well as external opportunities (O) and threats (T). This is the best tool to make planning for achieving the goal. Every businessman can use this tool to take required action and lead a business successful in the market. This is a great way to identify internal and external defects in the business and fix those as well.  It helps your business to protect from any type of flaw. The big secret behind every successful businessman is the use of this tool.

swot-analysisIf you are a businessman and you did not use this tool yet to run your business successfully then let us tell you how to use it. First of all, you should know the uses of this tool in the business. The SWOT analysis can be used for:

  • To examine a small business idea.
  • For annual business planning.
  • For marketing action plan.
  • For business contingency planning.
  • To solve a particular problem or business related problem.
  • To make yourself fully skilled to good management of staff.
  • To achieve business goals.
  • For running your business successfully.

One common question in everyone’s mind that how to use this tool in right manner. So don’t worry, we are here to describe the complete use of this excellent tool to get success in business with the following steps:

The first step – Make a chart for SWOT Analysis

Just like a student, create a chart of SWOT analysis to pass the business exam with good marks and high grades. Divide this chart into four parts with the name as strengths, weaknesses, opportunities and threats. Fill the each box with specific reasons like what are your strengths? What is your weakness? Which opportunity is the best for you? What kind of threats are you facing? Be clear with you like a mirror and note down all the factors in these four blocks. Once the table is ready, you can use it to create a business strategy which will boost your business successfully and help you to become a successful businessman.

The second step – Write down questions and answers

A paper and a pen often do such things in your life that you cannot think of. Now take a pen and paper and write down these questions in series.

  • Do our strengths fulfill all the requirements of available opportunities?
  • How can we convert business weaknesses into strengths?
  • What should we do to make the right use of opportunities?
  • How can we neutralize the impact of threats?

Believe me!! By answering all these questions, you will find a better result in your business and then you will be able to recognize all your strengths and weaknesses that will help you to get many good opportunities to get success in the future. It also will help you to fight against all kinds of threats and to get the right solution for it. There are many big examples that show the importance of this tool in business growth. Maximum renowned company uses this tool to find solutions to all their queries.

The SWOT analysis is a great way to use it for business growth. It is beneficial in every sector. It is not important that what is your business size or what are your business objectives, you can use it. Even use of this tool in right way is important.

I wish, after using this tool you will be one of the successful businessmen in future.

Do you know how to start a small business?

Almost everyone wants to start his own business. The strategy of starting a business is almost same either it is a small business or a big business. There are some specific things for every beginner need to know to start a business to stay on the right side of the law, to start a business with the highest potential for success.

Establish your own business can be a big event of your life but before starting it, save your time and money by being familiar with the information about what things need to involve in running a business. Investment of time according to appropriate planning is essential to turn your dream into a reality. Operating a small business is not an easy task, it is not just about working for you or working from home, it is about having the essential skills such as management skills, technical skills, industry expertise, finance management, long-term vision, development and success.

small businessAre you ready to start a small business? So, here we are providing you the complete business planning toolset that will help you in proper planning, exact preparation and good management of your business.

1.  Make business plan

It is important to make a business plan that may include many factors but most common things are market analysis, product or service line, fund, marketing and sales, organization, management and expected profits.

2.  Take training and proper guideline

To expand or reinstate a business, prepare a business plan and take advantage of training and consulting services available for running a business successfully.

3.  Decide business area

Location selection of a business is one of the most important decisions for a small business owner. It requires accurate planning and proper investigation that may include demographic research, competition monitoring, evaluation of supply chain, understands state laws and taxes, stays on budget and more.

4.  Fund for business

If you are in need of fund to run your business successfully then there are government and venture capital firm that can help you to start and run a small business.

5.  Business structure

Make a decision to take the best kinds of possession for you such as Limited Liability Company (LLC), sole proprietorship, cooperative, partnership or non-profit.

6.  Register your business name

Your business name is essential for business branding. You can choose your business name as your personal name or something that you like. A business name is needed to register with the respective government authorities.

7.  Tax registration

It is required for the business owner to pay business taxes that vary in each state. Some local taxes are also compulsory to pay. Therefore, you will have to register your business for paying taxes.

8.  Permits and business licenses

There are some permits and licenses are very required to run a business successfully and legally. So, make a list of such permits and business licenses and apply for those.

9.  Responsibilities of employers

Responsibilities of an employer are different from employees and more, so you should be ready to pay more responsibilities.

10.  Local assistance

Local government bodies and the small business administration are always available to help you to plan your small business. So, get full details of local government assistance may help to run business in the right direction.

These top ten tips will surely help you to start your business with long-term profitability.

Small Business Technology Trends in 2016 [Infographic]

It is no doubt that technology has truly made our lives more comfortable and reduce workload. Aside from our personal life, it has also provided us with a lot of opportunities to better manage our business, regardless of what the size is. Though the large-scale application is more evident to those big companies, small businesses have also learned to leverage the power of technology to efficiently manage their business operations, and at the same time, facilitate a more enticing interaction between the business and customers.

In this infographic, we will show the latest trends in technology that small businesses are likely to leverage this year 2016. From CRM tools, mobile payment options, to virtual offices, these technological tools will certainly give a simple business an upper hand in today’s overly competitive market and reach the sales like it never did before.

Small Business Technology TrendsCourtesy of: The Service Manager

How to communicate better at workplace?[Infographic]

Communication is one of the most important skills at workplace; no matter what is your work therefore it is essential for you to know how to communicate with clients and co-workers. The first and important part of communication is your language tone because the good tone conversation interact more people. The following are some essential ways regarding how to communicate better at the workplace.

  1. Prepared before start your conversation
  • It is important for you to think about what you say before starting the conversation. It means all your points should be clear in your mind before the conversation. This helps to put your points easily and clearly.
  • Some people start the conversation with “I” but it is wrong way to communicate. It presents your attitude so need to start the conversation with “We” because you are one member of the team.
  1. Feel Confident during conversation
  • The confidence is essential during the conversation at the workplace. Feel more positive and confident in the conversation.
  • For perfect confidence level, get rid of nervousness and feel comfortable.
  • Don’t ignore difficult points in the conversation because difficulty is the super way to make you better at the workplace and make good relationship with co-workers.
  1. Concentrate on your conversation
  • It is essential for you to concentrate on your conversation and listen carefully the person who speaks in the conversation. If you listen carefully then you are able to speak your suggestions easily and confidently.
  • Focus on conversation words and ask the question that represents you have listen clearly and concentrated.
  1. Body language
  • Body language is one of the most essential factors for successful conversation. Eye contact is important in conversation so you don’t hesitate to speak anything and speak with eye contact.
  • During the conversation, maintain your body language like sit in appropriate manner, avoid the silly face expression, don’t talk with crossing arms & hands, don’t speak loudly, use word carefully and speak with confidence.
Courtesy of: NetCredit

The 9 resume mistakes you need to fix [Infographic]

Resume is the most important for job seeker who wants to join organization. Your resume is the first impression that secures your place in an interview for the job. So, it is important to make resume perfectly. There are some common mistakes that you do and need to fix in an appropriate manner.

Some common mistakes are fill an unprofessional email address, meaningless line, skill graphs, unprofessional photos, too many pages, unexplained gaps, spelling & grammatical mistakes, inappropriate font’s size, text is big, irrelevant personal information, unnecessary elaborate design, meaningless introduction, lack of evidence, wrong details and some other information. So, need to fix these common problems when you prepare your resume. These mistakes are elaborated in details through infographic.

9 Deadly CV MistakesCourtesy of: Standout-cv.com