How do you avoid common pitfalls and biases in SWOT analysis?
A SWOT analysis is a useful tool for evaluating the strengths, weaknesses, opportunities, and threats of your business idea or plan. It can help you identify your competitive advantages, address your challenges, explore new markets, and avoid potential risks. However, a SWOT analysis is not a magic bullet that guarantees success. You need to avoid some common pitfalls and biases that can undermine the validity and usefulness of your SWOT analysis. Here are some tips on how to do a SWOT analysis effectively and objectively.