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These are external indications of unfavorable

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(These are external indications ofunfavorable situations leadingbusiness to problems and otherdifficulties that will put profits intorisks.)Bear in mind these simple rules for successful SWOT analysis.a.Be realistic about the strengths and weaknesses of yourbusiness when conductingSWOTanalysis.b.SWOT analysis should distinguish between where your businessis today, and where it could be in the future.c.SWOT should always be specific. Avoid any grey areas.d.Always apply SWOT in relation to your competition i.e. betterthan or worse than your competition.e.Keep your SWOT short and simple. Avoid complexity and overanalysisf.SWOT is subjective.
32Activity # 4:Refer to your SWOT Sheet and make further analysis. This time theultimate task is make decision whether to pursue the proposed businessidea or consider other alternative businesses. There are two possible facetsafter the final decision will be made. First, pursue the business because theSWOT reveals more positive indications than negative ones or, second,disregard the business idea because there are more negative indications.Consequently, try another business idea and subject it to the same processof analysis.Make a presentation of your task and be proud to inspire others thatyou now have chosen a viable agri-crop related business idea chosen fromthe opportunities obtained from the data generated by the simplecommunity mapping we did.Activity #5:Since you have chosen one viable agri-crop related business idea, it isjust-in-time to develop an impressive Business Plan. Refer to the guide givenbelow and read the sample business plan provided. Your own plan must notbe limited to a few pages only, as the example is presented. All data andinformation must be given in order to come up with a completely sound andimpressive business plan.THE BUSINESS PLANA business plan refers to the intention of aspiring or experiencedentrepreneurs which precisely defines their business, identifies their goalsand objectives, a current and pro forma balance sheet, an incomestatement, and a cash flow analysis. A business plan can help so much inthe proper allocation of resources, initially handle and counter forecastedcomplications, and make the right decision for the business operations. Agood business plan contributes to the approval or rejection of any loanpackage because it provides specific and organized information about yourWhat to reflect on and understandNow it’s about time for evaluation as we analyze and discuss the data we gathered fromthe presentations of our resource persons.What to transferWhy don’t we act like a real farm consultants? We shall hand downthe final recommendations to our focus resource person.
33proposed business and how you will repay borrowed money. A business planis equivalent to a business resume.

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