When was the last time you properly evaluated your current business position? Not getting the desired results in your business? It’s about time you did with BDA- the process will enable you to pull together a SWOT analysis, which for the uninformed, is an identification of the Strengths, Weaknesses, Opportunities and Threats that may affect your business strategy and result in a lack of focus when implemented.
This involves knowing what you do well and what you do not so well, and needs to take into account your business performance, your resources and your capabilities:
- Firstly, you need to ask yourself how well you perform – how much do you produce? How much do you sell? What is your customer life cycle? What share of the total market do you service?
- Next, we’ll look at your physical resources – the buildings, plant, machinery and equipment. Are they sufficient for what you are trying to achieve? Are they up to date? Are they being fully utilised?
- Then we’ll look at your financial resources. How much capital do you have? Is your cash flow sufficient to carry you through? Do you have access to enough funds to meet your growth potential? Is lack of financial backing preventing you from operating to maximum capacity?
- Finally, we examine your human resources. What experience, expertise and personal qualities do you and your employees possess? What skills need to be developed in order that your human resources perform to the best of their ability?
On completion of the S.W.O.T. analysis you will be in a position to tackle the other aspects of your business strategy and we will work with you to determine exactly how you can get the greatest results from your business.
WHY USE BDA
The level of analysis BDA will undertake in your ‘Business Review’ will ensure no stone is left unturned. Over the years we have assisted many businesses harness their strengths, identify their weaknesses and grow exponentially- let our team of highly qualified consultants assist you in doing the same.
