SWOT

How To SWOT Your Resolutions And Goals For 2020

We have just started the New Year 2020. You have probably made some resolutions and are full of enthusiasm to implement them. Wait. Check for a couple of things which may speed up or impair this process. To do so, you need a tool: SWOT.

Why It Is Important To Do the SWOT of your Goals and Resolutions?

Planning without a strategy is like walking in the haze trying to find your destination. You need smart resolutions and smart way of working on them, otherwise, your motivation will plummet very quickly.

I know that this post is published after Jan the 1st. I have done it deliberately so that you have a couple of days to test your goals/resolutions and you will be able to conduct the proper analysis shortly.

How To Prepare A Right Strategy

Just use the SWOT technique for each goal/resolution you have made for this year. Do the analysis in writing so that you can check your progress later and have it as a guide.

Strengths

Answer the following questions to find your strengths:

  • What resources necessary for accomplishing of this goal do you have? Money? helpful people? Skills?
  • What kind of experience which will help you to achieve this goal do you have?
  • What are you good at personally?
  • What skills which help you to get the necessary resources do you have?

Weaknesses

Now the time has come to define your weaknesses. Again answer the questions below:

  • What skills necessary for the achievement of this goal do you lack?
  • What resources do you lack? money? helpful people?
  • What are your personal challenges to work on your goals (e.g. lack of self-discipline, low motivation after a while)?
  • What is not your strength while achieving your goals (e.g. dealing with people)

Threats

Now list everything that can be a danger on the way to your goal:

  • External factors (economy, natural disasters, lack of funds, unexpected events)
  • Your personal unexpected issues (e.g. health and financial situation deterioration)
  • People around you who may deteriorate your endeavours
  • Personal challenges (temptations)

Opportunities

Finally, list what good luck may bring you:

  • Helpful people
  • Auspicious external events
  • Unexpected resources that can help you to achieve this goal

Analysis And Updates

Once you have finished your SWOT, the time has come to analyse the information you have gathered. In order to succeed, you need to maximise your strengths and minimalise your threats. Therefore, ask another couple of questions:

  • What can I do to make the most of my strengths? Look at each strength listed in your analysis and think about how you can use more than now, how to make it even stronger.
  • What resources can I use to minimise threats? they are beyond your control, but you definitely have tools to minimise them.
  • What is my Plan B? Sometimes you have to modify your goal in the case of unexpected challenges.

It can often happen that after the SWOT analysis, you need to update your goal so that it will be realistic. It happens because now you have found all the pitfalls to avoid or minimise. You can come to the following conclusions after SWOT

  • My goal/resolution is too difficult. I do not have enough strengths
  • My goal/resolution is too risky.
  • I do not have enough skills and resources to pursue it.
  • I have taken too much at a time. My goal/resolution is too complex.

In each case, modify the goal or resolution, focusing on polishing your strengths, maximising opportunities and minimising threats.

In a Nutshell

Today you have learnt how to do the SWOT of your goals for the coming year. Good luck with pursuing them.

Victoria Herocten

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