Week 4 29 July 2024

Question

Starting a Business

Name of business :
Topic :
SWOT analysis :

1.1 Give at 4 years reasons why you have decided to start a business .

2. Do a SWOT analysis at your business to find out if your business will succeed or not

Answer all questions in 1 short sentences

Answer 1

Name of business: Eco-Friendly Packaging Solutions
Topic: Sustainable packaging products for businesses

SWOT Analysis:

• Strengths: Innovative products with strong demand for sustainability.
• Weaknesses: Higher production costs compared to conventional packaging.
• Opportunities: Growing market trend towards environmentally friendly products.
• Threats: Competition from established packaging companies and potential regulatory changes.

1. I have decided to start a business to pursue my passion for sustainability, meet demand for eco-friendly products, create job opportunities, and generate a positive impact on the environment.

2. The SWOT analysis indicates that my business has significant strengths and opportunities, but must navigate weaknesses and threats to ensure long-term success.