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hello everyone Welcome to our Channel today we are going to talk about one of the most important business analysis tools SWOT analysis if you are running a business or planning to start one then you must have heard about SWOT analysis in this video we will explain what SWOT analysis is how to perform it and why its important for your business SWOT analysis is a strategic planning tool that helps businesses [Music] thank you weaknesses [Music] opportunities and threats [Music] by analyzing these factors businesses can make informed decisions and develop effective strategies to stay ahead of their competition now lets dive into each of the four elements of strength this refers to the internal factors that give your business an advantage over your competitors selling proposition loyal customer base strong brand reputation experienced Workforce and proprietary technology identifying your strengths will help you capitalize on them and use them for your advantage [Music] weaknesses these a