Looking to launch a new business venture or acquire a new business? The first step in doing so should be to use a SWOT analysis template Word document. SWOT stands for strengths, weaknesses, opportunities and threats analysis, and this easy-to-use Microsoft Word spreadsheet will lay all four topics out in an easy-to-read format.
This SWOT analysis template Word document is recommended to anyone who is looking to take the first steps down a new business path. This extraordinary SWOT analysis template Word document can be downloaded instantly for free right here.
SWOT Analysis Template Word: Filling out the Template
The SWOT analysis Word template is broken down into the four aforementioned categories: Strengths, Weaknesses, Opportunities and Threats Analysis. There is a set of questions for each category and you will log responses for each question for your company and two of your competitors.
For example, under the strengths category in the Microsoft Word document, some of the questions asked include: What are the advantages your business has over competitors? What are the core skills of your business? What areas are the most profitable in your business? And in what areas are you excelling?
When it comes to answering the questions, it can be done one of two ways. You can either type in your responses directly into the Microsoft Word template, or you can print off the sheets and input your responses by hand. There’s no restriction on the number of downloads, so you can take as many as you need.
In addition, the template is completely customizable. While it comes with a number of pre-loaded questions for each category, you can add and subtract from the template as you see fit. If you would like to analyze more than two competitors, simply add another column to the template. If you only want to analyze your company, you have the option to completely delete the competition. You can also change the font or color scheme if it makes using the template easier.
The SWOT analysis Word template document is just one of the hundreds of templates, spreadsheets and calculators available on this site that are designed to make the lives of business owners and entrepreneurs just a little bit easier.
Download: SWOT Analysis Template Word