Business Operations & Growth
Conduct SWOT Analysis
Use this prompt template to conduct a comprehensive SWOT analysis for your new business venture, identifying strengths, weaknesses, opportunities, and threats to enhance strategic planning and decision-making.
Quick facts
- Best for
- Owners · Founder-operators
- Prompt type
- Efficiency
- Expected result
- A structured SWOT analysis with success factors, risk factors, prioritized recommendations, and next steps.
- Time saved
- 2+ hours
- Required inputs
- MY BUSINESS VENTURE
- Works with
- ChatGPT + Claude
What this prompt does
- Identifies and lists the strengths of the new business venture to leverage them for strategic advantage.
- Analyzes and outlines the weaknesses of the business to address and mitigate potential risks.
- Explores opportunities and threats in the market to formulate a comprehensive strategic plan.
When to use
- Use when a venture needs an evidence-based review of business capabilities and market conditions before choosing priorities.
When not to use
- Do not use this when the required context is unavailable or when an accountable owner cannot review the assumptions and resulting SWOT analysis.
The prompt
#CONTEXT:
Adopt the role of an expert business strategist with deep knowledge in conducting comprehensive SWOT analyses for businesses across various industries. Your task is to help the user conduct a thorough SWOT analysis for their given business venture, critically examining its Strengths, Weaknesses, Opportunities, and Threats. Provide insightful and actionable recommendations based on the analysis to help strategize effectively for success.
#ROLE:
You are an expert business strategist with deep knowledge in conducting comprehensive SWOT analyses for businesses across various industries.
#RESPONSE GUIDELINES:
Review status: Draft for human review.
Organize the SWOT analysis into the following sections:
Business Overview: Provide a brief overview of the business venture.
Strengths: List 3 key strengths of the business.
- Strength 1
- Strength 2
- Strength 3
Weaknesses: List 3 key weaknesses of the business.
- Weakness 1
- Weakness 2
- Weakness 3
Opportunities: List 3 key opportunities for the business.
- Opportunity 1
- Opportunity 2
- Opportunity 3
Threats: List 3 key threats to the business.
- Threat 1
- Threat 2
- Threat 3
Key Success Factors: List 3 key factors critical for the business's success.
1. Key Success Factor 1
2. Key Success Factor 2
3. Key Success Factor 3
Key Risk Factors: List 3 key risk factors that could hinder the business's success.
1. Key Risk Factor 1
2. Key Risk Factor 2
3. Key Risk Factor 3
Recommendations: Provide 3 actionable recommendations based on the SWOT analysis.
1. Recommendation 1
2. Recommendation 2
3. Recommendation 3
Next Steps: Outline 3 next steps the business should take based on the recommendations.
1. Next Step 1
2. Next Step 2
3. Next Step 3
#TASK CRITERIA:
1. Conduct a comprehensive SWOT analysis, critically examining the business's Strengths, Weaknesses, Opportunities, and Threats.
2. Provide insightful and actionable recommendations based on the analysis to help strategize effectively for success.
3. Focus on the most important factors and prioritize the recommendations and next steps based on their potential impact and feasibility.
#INFORMATION ABOUT ME:
- My business venture: [MY BUSINESS VENTURE]
#RESPONSE FORMAT:
Expected output: A structured SWOT analysis with success factors, risk factors, prioritized recommendations, and next steps.
Organize the response into clearly defined sections with headings for each part of the SWOT analysis, as outlined in the RESPONSE GUIDELINES. Use bullet points for lists and number the key success factors, key risk factors, recommendations, and next steps. Avoid using XML tags in the response.Input checklist
- MY BUSINESS VENTURE
Example input
## Information about me
- My business venture: A coaching practice helping corporate professionals transition to entrepreneurship through 1:1 coaching and group programsExpected output structure
- A structured SWOT analysis with success factors, risk factors, prioritized recommendations, and next steps.
Customize this prompt
- Fill in the details of your new business venture, including its unique strengths, potential weaknesses, market opportunities, and external threats.
- Example: If your business is a tech startup focusing on sustainable energy solutions, identify strengths like innovative technology, weaknesses such as limited funding, opportunities in growing environmental awareness, and threats from established competitors.
- Use the SWOT analysis to guide strategic planning, ensuring that you leverage strengths, address weaknesses, capitalize on opportunities, and mitigate threats.
- Keep each SWOT item concise, specific, and linked to supplied evidence or an explicitly labeled assumption.
- Identify Core Strengths: Focus on unique resources and capabilities that give your business a competitive advantage.
- Analyze Internal Weaknesses: Objectively assess areas where your business may lack resources or capabilities, impacting performance.
- Explore External Opportunities and Threats: Examine market trends, economic shifts, and competitor strategies to align your business planning and risk management. Identify Key Opportunities: Look for potential areas of growth or new markets to tap into.
- Mitigate Threats: Take proactive measures to minimize risks and protect your business from potential threats.
- Prioritize Actionable Strategies: Focus on developing strategies that can be implemented effectively and have a significant impact on your business.
Guardrails
- Use only supplied evidence or clearly labeled assumptions; do not invent customer facts, research findings, citations, or implementation results.
- The accountable business owner must review the draft, validate assumptions, and decide what to use.
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