How can you use strengths to take advantage of opportunities

Assignment Help Strategic Management

Reference no: EM133386041

Assignment:

I need help with SWOT analysis for CrossFit Gym.

a) For my business (CrossFit Gym) I would choose LLC. For a CrossFit gym, lawsuits can be flown for injury or equipment damage. LLC will protect my personal assets. It is cheap and helps with the lower tax rates. As well it will make my CrossFit Gym more credible.

b) I would name my business Hunter CrossFit. We would offer CrossFit classes for adults and kids. As well as, Olympic weightlifting clinics. Personal training, nutrition, and PT. Our target customer base is pretty much everyone who is interested in fitness and health, as CrossFit is suitable for all.

c) We serve through our fitness philosophy, facilities, programs, and products to improve the quality of life in the communities and to instill the importance of health and fitness in the lives of people everywhere.

d) You come for fitness and stay for the community. We provide a safe and fun environment for your training and bring health and happiness to your homes.

e) Investors, employees, customers, suppliers, and owners. The most important value for stakeholders will be a safe environment at the gym, social gatherings, gym competitions, and personalized coaching.

Perform a SWOT analysis to strategically plan and make sound business decisions. Use the attached worksheet as a guide to identify the strengths, weaknesses, opportunities, and threats of your current/future business. Post your worksheet and answer the following questions:

Strengths and Opportunities (SO): How can you use your strengths to take advantage of the opportunities?
Strengths and Threats (ST): How can you take advantage of your strengths to avoid real and potential threats?
Weaknesses and Opportunities (WO): How can you use your opportunities to overcome the weaknesses you are experiencing?
Weaknesses and Threats (WT): How can you minimize your weaknesses and avoid threats?

Reference no: EM133386041

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