It’s important to create a SWOT analysis for any business or venture. Why? SWOT analysis can help you see where your industry has room for advancement and it helps you identify potential obstacles ahead of time.
I might have lost some of you at SWOT so let me dive in to what those letters mean.
S = Strength W= Weaknesses O = Opportunities T = Threats
Every industry has it’s advantages & disadvantages and if you’re going to be successful you have to look at everything as a whole. I created a basic SWOT pertaining to the drone (UAV) industry above. I could dive in and get more specific for each industry but my goal for this was to be all encompassing. Thanks for reading!