Question

After 7 years of working for a company that installed underground sprinkler systems for homeowners, terrance was ready to venture into his own business. As he prepared his swot analysis, he evaluated where he stood at this time. He was fortunate to have $120,000 financing to get the business under way. He knew of three skilled installers who were willing and interested to work for him, and he was aware that new construction was at an all-time low, with several residential properties being foreclosed. In reviewing his list, you would categorize these events as.

Answer 1

In reviewing his SWOT analysis, Terrance, who was ready to venture into his own business after working for 7 years as an underground sprinkler installer, has two strengths and one threat.

What is a SWOT analysis?

A SWOT analysis is a framework for analyzing a company's competitive position to enable the development of competitive strategies.

A SWOT analysis includes Strengths, Weaknesses, Opportunities, and Threats.

Thus, for Terrance, he has two strengths ($120,000 financing and three skilled installers who were willing and interested in working for him) and one threat (low construction activities) with increasing foreclosures.

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