SWOT Analysis – If you are starting a new project, venture or business, it is very important to do a Strength, Weaknesses, Opportunities and Threat Analysis.
Most people are in the habit of doing it mentally. It is very important to have a written document about it which can be referred later on.
Also, while doing it , people think about their personal circumstances and not about the Team and Others involved which is a drawback. The attached image shows in a nutshell how should a proper SWOT look like and how should it be done.
Pl. refer to my posts & updates for ideas to improve planning.