Unit 16 P1 and P5

Task 3a – My Personal and Business Swot Analysis

Personal

Strengths Tangible/Intangible (Internal)

-         Good Communication Skills I know this because I find it easy to communicate with my peers and teachers

-         Good ICT and Computer skills with these skills will help me with basic administration       

-         I am Hard Working and Well Organized

-         I have good attendance and very punctual

-         I have good English and Numeracy skills

-         I’m also kind

Weaknesses Tangible/Intangible (Internal)

-         I am a shy person

-         Mathematics is not a strong point

-         I also do not have enough self confidence

Opportunities (Industrial/Macro)

-         To be able to continue studying and get qualifications, to gain more knowledge and experience

-         Get a job so I can earn a living and prepare myself for the future

-         To be able to get promoted to a higher Point in the business and maybe become a manger in the future

Treats

-         When I am under pressure my work does not have a great quality rather than when I am noy under pressure.

Business:-    State what you are assessing here: Zee’s Blooms

Strengths Tangible/Intangible(Internal)         

Products to start up the business are easy to find are quite cheap when you buy them in bulks, also at specific times of the year more flowers become cheaper and on a higher demand rather than the more expensive flowers.

I have a great interest within the business and I am quiet fascinated by the way in which most people use flowers and make such exquisite bouquets.

This product can be made in many shapes and sizes with also very nice smells that combine to make one.

Weaknesses Tangible/Intangible(External)

§  My main weakness if the fact I have no previous experience from running any sort of business, also it is time consuming to make bouquets and baskets for many particular occasions.

Opportunities (Industrial/ Macro)

§  The location of my shop is quiet local and I have a great opportunity for potential customers.

§  If my business becomes successful during the next few years, I will be able to expand it and open other branches in and outside of London to make more of a profit not only for myself but also fellow colleagues that I work with.

Threats (Industrial/Macro)

§  There are also other well-known florists, that have a great reputations but are also known for the same ideas. For example:-

-         http://www.raysflorist.co.uk/ (Rays Florist)

-         http://www.serenataflowers.com (Serenata Flowers)

-         http://www.moysesflowers.co.uk (Moyses Flowers)

-         http://www.bunches.co.uk (Bunches)

§  They also have very competitive prices that are all similar but stand out with their own offers toward the customer, this means that my service should be the same which would be just right to attract the attention of many potential customers.