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Are you looking for new and innovative ways to reach more customers and increase your profits? If so, online selling may be the perfect option for you. With some research and planning, you can set up an online store that sells your products or services to a global audience. Let’s look at the strengths, weaknesses, opportunities, and threats associated with online selling.
Sari Sari Store, a small business in the Philippines, is facing some tough times. Despite being a well-loved and profitable business for many years, it has begun to struggle in recent months. In order to help the store succeed, its owners have decided to conduct a SWOT analysis to pinpoint their weaknesses and strengths. With this information in hand, they can make strategic decisions that will improve their business. Here we’ll take a closer look at what exactly a SWOT analysis is and how it can benefit Sari Sari Store. Stay tuned!