Step 3: Identify opportunities
A quotation often attributed to Thomas Edison says, “We often miss opportunity because it’s dressed in overalls and looks like work.” (Of course, nobody can find any verified citation of Edison ever saying this prior to a 1962 attribution in a Forbes magazine article. Since Edison died in 1931, the attribution is debatable, which seems to be a theme in this article.)
The point is, there are generally opportunities all around. Finding those opportunities depends on individual personality and desire. Positive people tend to see more opportunities than negative people. And people who are less ambitious may not recognize an opportunity unless it hits them over the head.
As you fill in this section of the SWOT template, look for opportunities such as:
- Is there a new technology that you can learn that will help you reach your goals?
- Can you find help from others on the Internet?
- Is there an open position within your company, or outside your company, that more closely matches your skills and strengths?
- In what ways is your industry growing, and what can you do to help it grow?
- Can you volunteer to take on a task or project that nobody else wants to do?
- Are the seminars or classes that you can attend to improve your skills?
- Is there a need that nobody else is filling?
As you work through this section, look at your weaknesses to see if there are any that can be turned into opportunities. For example, you may not think of yourself as a very good project lead, but how can you know if you don’t jump at the chance to lead a project when it comes up?
Step 4: Be aware of threats
In this quadrant of the SWOT analysis template, take a look at possible stumbling blocks or situations that impede you from meeting your goals. Ask yourself:
- Who is your competition?
- Are you and other co-workers trying to get the same job or promotion?
- Is there new technology that your position requires? Can you get up to speed quickly, or will the time required to learn a new technology stop your progress?
- Are you seen as too old or out of touch with current trends?
- Are your skills obsolete?
- Are your personality traits holding you back?
Performing this self SWOT analysis can help you put things into perspective and point out the most important things you can do to improve your chances to grow in a chosen job or career.
When should you perform a personal SWOT analysis?
You can do a SWOT analysis whenever you want to. Are you thinking of changing careers? Do you want a different opportunity in your current organization? Getting ready for a job interview? A self-analysis of your strengths and weaknesses for any of these situations can be beneficial. You can view a personal swot analysis example here.
When you do the analysis, think of yourself as the product that needs to be sold.
For example, let’s say that you struggle writing performance reviews because you don’t think that anything you do is exceptional. You feel like you are just doing your job. Consider using a SWOT matrix to:
- Identify your strengths that were beneficial to your team or organization. Did an innovation improve performance? Did you meet every deadline or complete tasks early?
- List the weaknesses you want to improve so you can be a better asset. Do you need to attend training to improve writing skills? Are you current on HTML5 programming skills?
- Write down the opportunities or goals you want to work on in the coming year to improve your position in the department or to move into a new role.
- Identify the threats that may be in your way as you work toward your goals. Present ideas and a plan to help you overcome these threats.
Performing a self-analysis in this way can help you get that raise or promotion that you deserve.
How can Lucidchart help?
Lucidchart has several SWOT analysis templates you can choose from, or you can easily create your own document in just a few minutes with our SWOT analysis generator. Any document you create can be accessed at any time from anywhere as you need it. If you are looking for feedback on your personal SWOT analysis, you can very easily share it with family and friends so they can add notes and comments to help you improve your assessment.
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