Stengthsof a Company

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The proposed web design and development business will provide new and exciting technologies to their customer base. With such services as development, templates, and monthly maintenance as required, our company has many different skills and services that give it strength. It is important to note, also, any weaknesses within the business that can be adjusted to create a better company. Along with the assessment of strengths and weaknesses, the evaluation of opportunities and threats of the company is also significant to analyze. After evaluating the strengths, weaknesses, opportunities, and threats, determining the potential customers, and stakeholders of the business help to analyze the business’ sustainability over time. This analysis is also valuable in that it can be used to show investors that each aspect, positive or negative, have been evaluated thoroughly (Hui, 2007).
Some of the strengths our company has are the cost advantages of hosting a web-based business, unique services in monthly website maintenance, and a customer-centric design. Another strength is having two business partners: one that is focused on design, and one that is focused on programming. The design structure of the company shows that both areas of website development will be superior because each part, the design and the programming, will be completed by a professional in the area. Because there are no other web development business in the area that provide monthly maintenance, more customers will be willing to pay for this service to be provided to them. The cost of possessing a web-based company, rather than a store-based one is much lower, making the company easier to start and maintain. Finally, the company has developed a customer-centric design, g...

... middle of paper ...

... Business partners that have a specialization
• Unique services
• Customer-centric design
The weaknesses are:
• Lack of reputation
• Lack of accreditations
• Minimal marketing knowledge
The opportunities are:
• Being a web-based company opens the doors for a larger market
• High demand of e-commerce
The threats are:
• Website businesses are easy to start up, creating many competitors
• Changing of business needs
• Vulnerability to recession and other economical pitfalls

Works Cited

Analyzing Customers in Your Business Plan. (n.d.). Retrieved from http://www.growthink.com/businessplan/help-center/analyzing-customers-your-business- plan#

Hui, J. (2007, February 1). Analyzing Your Business's Strengths, Weaknesses, Opportunities, and Threats. Retrieved from http://www.cbsnews.com/news/analyzing-your-businesss- strengths-weaknesses-opportunities-and-threats/

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