Write: Who are you?
It is of high importance for an entrepreneur to be realistic and to honestly answer the question “Who are you?”. The answer to that question gives the right direction in his/her future startups. Many entrepreneurs make the mistake to enter a business domain they don’t really know well or understand, just because the opportunity promise to be big or because the idea seems promising. However, the good practice shows that when an entrepreneur knows his/her strengths it is easier to select ideas and opportunities to explore.
The personal SWOT analysis is an useful tool that help people to realize their strengths, weaknesses, opportunities and treats.
According to Mindtools here are the questions you should answer under each section:
- What advantages do you have that others don’t have (for example, skills, certifications, education, or connections)?
- What is your passion and you do it better than anyone else?
- What personal resources can you access?
- What do other people (and your boss, in particular) see as your strengths?
- Which of your achievements are you most proud of?
- What values do you believe in that others fail to exhibit?
- Are you part of a network that no one else is involved in? If so, what connections do you have with influential people?
- What tasks do you usually avoid because you don’t feel confident doing them?
- What will the people around you see as your weaknesses?
- Are you completely confident in your education and skills training? If not, where are you weakest?
- What are your negative work habits (for example, are you often late, are you disorganized, do you have a short temper, or are you poor at handling stress)?
- Do you have personality traits that hold you back in your field? For instance, if you have to conduct meetings on a regular basis, a fear of public speaking would be a major weakness.
- What new technology can help you? Or can you get help from others or from people via the Internet?
- Is your industry growing? If so, how can you take advantage of the current market?
- Do you have a network of strategic contacts to help you, or offer good advice?
- What trends (management or otherwise) do you see in your company, and how can you take advantage of them?
- Are any of your competitors failing to do something important? If so, can you take advantage of their mistakes?
- Is there a need in your company or industry that no one is filling?
- Do your customers or vendors complain about something in your company? If so, could you create an opportunity by offering a solution?
- What obstacles do you currently face at work?
- Are any of your colleagues competing with you for projects or roles?
- Is your job (or the demand for the things you do) changing?
- Does changing technology threaten your position?
- Could any of your weaknesses lead to threats?