Advertising
Advertising

Published on April 2, 2020

What Is SWOT Analysis? 5 Ways It Accelerates Your Self-Improvement

What Is SWOT Analysis? 5 Ways It Accelerates Your Self-Improvement

If I told you that there was one activity that you could do frequently that would dramatically accelerate your rate of self-improvement, would you do it?

SWOT Analysis may very well be the solution to your problems of feeling lost, unproductive, worried about the future, and the general struggle that inevitably arises on the road to personal development. It is quick to carry out, reliable in terms of changing your perspective, and effective in getting you the results that you desire.

So what exactly is this SWOT Analysis? You will find everything you need to know about it below as well as how to do it and all of the amazing benefits that it will bring to your life.

What Is SWOT Analysis?

SWOT Analysis is a business term that has steadily made its way over into the world of personal development due to its effectiveness in getting things to improve — whether that be a company or, more recently, a person.

S.W.O.T. is an anagram that stands for Strengths, Weaknesses, Opportunities and Threats. When assessing these four key pillars in life, it gives a very good picture of which direction you should be heading in and even highlights some of the best ways to do it.

All in all, it is a great way to reflect on past actions and to decide on the best way to move forward.

How to Do a SWOT Analysis

Carrying out a SWOT Analysis is relatively simple. The best way is to take out a pen and paper and write down four columns: Strengths, Weaknesses, Opportunities, and Threats. From there, you can begin to fill out each one and apply it to whatever situation you find yourself in.

If you are considering expanding your enterprise, you might want to write down the current strengths and weaknesses of your business as well as the opportunities that you could possibly move into and the threats that you might need to minimize.

If you are an individual looking to improve yourself, you can carry out a SWOT Analysis either on the micro or macro level. A micro example would be focusing on one specific area of life. For example, you could write down your strengths, weaknesses, opportunities, and threats when it comes to dating, productivity, or changing your job.

Advertising

You can also take it to the macro level. You might simply write down your current strengths, weaknesses, opportunities, and threats across all areas of life — or simply the areas that you want to focus on for now.

SWOT Analysis is very easy to do and is excellent for the bigger picture stuff. Here is a rough template with a few questions across various areas of life that you can use for your own personal development purposes:

Strengths

What professional qualifications do I have that make me stand out from everybody else?

What do I exceed at where most people are either average or below average?

What achievements have I been awarded?

What struggles have I overcome in the past that give me hope for the future?

Weaknesses

Where do I fall short where others seem to excel?

What bad habits do I have?

What thoughts tend to hold me back?

Advertising

Opportunities

Is there any significant advancement happening or about to happen that I can take advantage of?

Is there a new position in a company that maximizes my skillset?

Is there a gap in the market that I could potentially fill?

Is there an opportunity that is low-risk (i.e. I can fail fast and decide if I want to keep pursuing it)?

Threats

What competition do I face in a certain area?

What is the most likely thing to throw me off course? Is it me?

If there was an economic downturn, would I be in a position to survive? Could I even turn it into an opportunity?

Benefits of SWOT Analysis for Self-Improvement

Now that you know what it is and how to do it, you may already start to see all of the benefits for your personal growth that can come from a SWOT Analysis. If you haven’t already started to think about how to use it in your own life, here are a few ideas to get you started.

1. It Gives You an Actionable Plan

One of the most obvious benefits of doing a SWOT Analysis is the fact that it gives you an actionable plan. It is rare for someone to actually sit down and write out their strengths and weaknesses as well as the opportunities and threats they are facing, so you will be getting well ahead.

Advertising

More importantly, taking the information from all four of these areas allows you to create an effective plan for yourself going forward — whether that be doubling down on your strengths, a plan to overcome your weaknesses, or how to leap at one of the opportunities in your life.

SWOT Analysis is designed specifically to drive actions and decisions — it is not simply a discussion exercise that you put to one side once you are finished with it.[1]

2. It Allows You to Zoom Out

Far too many people are so trapped within their day-to-day activities that they forget to see the big picture. Not being able to see the forest for the trees is one of the things that hold many people back from reaching their full potential.

SWOT Analysis allows you to take a moment of reflection, see the big picture, and then to make an informed decision about what your everyday tasks and activities are going to be, rather than the other way around.

It is important to be able to zoom out from time to time to make sure that you are on track with whatever your objectives are in each area of life. SWOT Analysis is the best way to do just that.

3. It Helps You Recognize New Aspects and Patterns

One of the unique things about SWOT Analysis is that it manages to combine different areas of your life and lets you see patterns, opportunities, and much more that you wouldn’t have otherwise seen.

An example would be the combination of your strengths and your opportunities. When you look at both of these side-by-side, you get a good idea about where the crossovers are, and, as a result, you get a clear picture of what opportunities are worth pursuing based on your strengths.

Another example would be looking at your strengths and threats next to one another. When you have a decent idea about what your strengths are in a certain situation, you can start to see how those strengths might come in handy when it comes to mitigating certain threats that you might face.

The truth is, any combination across SWOT Analysis creates a unique perspective that will be extremely useful for your own self-improvement.

Advertising

4. It Minimizes Risk

Branching out from the previous point, a SWOT Analysis is carried out to help minimize risk [2]. Although this is primarily a benefit from a company’s standpoint, it can also be helpful from an individual’s perspective as well.

On a personal level, risk can come in a variety of forms. It might be an imaginary risk that feels real, like asking your crush out or asking your boss for a raise. It might be an actual risk where you are thinking of expanding your business or entering a new market where you have little experience. Either way, seeing the threats you face as well as the strengths, weaknesses, and opportunities you have allows you to go down the path that minimizes risk and maximizes gain.

5. It Can Marks Stages of Your Path

An interesting way that companies use SWOT Analysis is that they carry it out every month or every quarter in order to reset and recalibrate their destination. It can be used in a similar way by you as well. Just like there are certain times when businesses use them, there are certain times when you should use them.[3]

Every month or every couple of months, take the time to do a SWOT Analysis to see how you are progressing. What strengths have been added? What weaknesses have been discovered? What opportunities have revealed themselves or been lost? What new threats are you facing and which have been removed from the picture?

Not only will carrying out a SWOT Analysis on a frequent basis accelerate your self-improvement by helping you see where you want to go with less distraction, but it is also nice to see how things change and, hopefully, get better.

It is also worth looking back at your SWOT Analysis from the start of the year when you reach the end of the year to see how far you have come.

To Wrap Up

So there you have it. SWOT Analysis might just be the tool and technique that you have been waiting for to truly take the next step in your self-improvement journey. It is practical, easy to carry out, and effective in terms of planning your next moves.

Whether you do it on a consistent basis to ensure that you are moving in the right direction or you only do it when you feel lost, SWOT Analysis will always be right there waiting to help.

Featured photo credit: Kyle Glenn via unsplash.com

Reference

More by this author

Daniel Riley

Daniel is a writer who specialises in personal development and helping others become the best version of themselves.

9 Ways to Build and Keep Healthy Personal Boundaries How To Be Perfect If You Feel Ashamed of Your Flaws What Is SWOT Analysis? 5 Ways It Accelerates Your Self-Improvement How to Stop Being Negative About Everything in Life biggest fear 10 Biggest Fears That Hold You Back from Living Your Best Life

Trending in Learning

1 9 Free Language Learning Apps That Are Fun to Use 2 13 Most Practical Skills to Learn Now (For a Better You This Year) 3 How to Learn Fast And Master Any Skill You Want 4 How to Learn Anything Fast? Take These 5 Powerful Steps 5 10 Reasons Personal Growth Is Important No Matter Your Age

Read Next

Advertising
Advertising
Advertising

Last Updated on May 13, 2020

9 Free Language Learning Apps That Are Fun to Use

9 Free Language Learning Apps That Are Fun to Use

Language learning apps are not only useful but also incredibly entertaining and fun. With our current ability to use language tools on the go, this is the golden age of language apps.

While they won’t replace real human interactions, language learning apps are an invaluable resource for learning the basics of a new language or for translating words in real-time.

There are hundreds of language learning apps being launched on a weekly basis, and it can be confusing to differentiate what’s useful from what’s not.

To help you save time, I’ve curated 9 free language learning apps that you should try and experiment with on your own.

1. Duolingo

    Duolingo is one of the most popular language tools out there. It’s perfect for beginners looking to dip their feet into learning a new foreign language. The site’s gamified approach to learning makes it fun to learn vocabulary, grammar, and basic words.

    Get the app here!

    2. Busuu

      Busuu offers a similar language learning experience in which you mix speaking, listening, writing, and reading activities. This helps you acquire a basic understanding of your target language.

      Get the app here!

      3. Babbel

        Babbel is an inexpensive and fun tool that uses algorithms to personalize your language learning experience. It is voiced by native speakers so you’ll also learn the proper pronunciations of words much easier.

        Get the app here!

        4. Ankiweb

          Anki has been around for a while, and its design is unique compared to other free language learning apps. It’s an electronic flashcard tool that makes it easy for you to remember phrases and words in a foreign language.

          Get the app here!

          5. Memrise

            Memrise is one of the leading platforms for memorizing anything. It’s mainly focused on language learning, but you can also use it to memorize words from certain fields and disciplines. You can use it to memorize vocabulary for your SAT exam, biology exam, etc.

            Get the app here!

            6. Tinycards

              Tinycards is an application launched by Duolingo. It’s a free and fun flashcard app that you can take on the go. You can choose from thousands of topics that have been created for you or create your own decks.

              Get the app here!

              7. Quizlet

                Quizlet is another free language learning app that offers more than learning language. It features free quizzes that help you learn just about anything. “Flashcards” is one of their most popular features, but you can also take tests, play games, or create your own quizzes to share with friends.

                Get the app here!

                8. Rype

                rype

                  Rype is a monthly membership site that connects you with fully-vetted professional language teachers for 1/10th of the price of a leading language school. Lessons are as short as 30 minutes, and you can schedule them at any time of the day, and any day of the week. For anyone with the desire to speak a foreign language fluently, Rype is worth checking out.

                  Get the app here!

                  9. Mindsnacks

                    Mindsnacks is another useful but also entertaining free language learning app. It offers fun brain games that you can play to activate your mind while also learning a foreign language. That’s hitting two birds with one stone!

                    Get the app here!

                    Final Thoughts

                    Learning another language gets harder as we age, but this shouldn’t stop us from trying. In fact, it’s much easier now to learn a new language because of the abundance of resources in our time.

                    So, check these apps out and try them for yourself!

                    More Tips on Learning Another Language

                    Featured photo credit: Debby Ledet via unsplash.com

                    Read Next