SWOT Analysis: Defining Your Strengths

In my last post, SWOT Analysis: Simple Tool to Improve Your Business, I gave an overview of SWOT and talked about a few of the benefits of applying a SWOT Analysis to your businesses or to yourself as a business professional. As I mentioned in my previous post I am part of a small group of business owners and sales professionals who have committed to SWOT exercise for the next four weeks. The format for our SWOT exercise is fairly simple. We meet each week prepared to discuss the current element of SWOT as it pertains to our business or ourselves. We then discuss our findings with the group getting valuable feedback from the other participants in the exercise.  This allows us the ability to further refine our SWOT Analysis.

Today I will review our discussion on Strengths (the “S” in SWOT) as it applies to my business as well as the 15 other small and mid size companies in the exercise. The discussion on Strengths was led by Kerry Klindtworth a realtor with Keller Williams. Kerry started out the discussion with a brief description of SWOT using sites like Mind Tools as references and discussed examples of different strengths from the site. These included the following ideas:

  • What advantages does your company have?
  • What do you do better than anyone else?
  • What unique or lowest-cost resources do you have access to?
  • What do people in your market see as your strengths?
  • What factors mean that you “get the sale?”

Kerry started engaging the participants asking them to share their strengths with group. Once they were complete the group would question, add, and help refine the Strengths of that person. Here is some of the discussion:

  • Paula Sassi, Certified Graphologist and owner of Handwriting Consultants International listed her strengths as; 28 years of experience, knowledgeable, timely response (responding to client requests within 24 hours), very easy to contact, great speaker, and entertainer for special events as well as tradeshows. Kerry added “Paula is an expert in her field”. Rufino Autus, Financial Advisor with Autus Financial Group added “Paula is a straight talker and has a unique business for her market”.
  • Justin Stewart, Customer Service Supervisor with San Diego National Bank listed his strengths as; builds rapport with customers quickly, passionate about what he does, thinks outside of the box to find solutions, privately owned local bank, 11 years in banking, and constantly expanding his banking knowledge. Rufino added “Justin loves what he does”. Jexter Isip, IT Consultant and Principal of Dedicated Network Solutions added “Justin is amazing with followup insuring his customers know he values them”.
  • Cathy Peterson, Insurance Agent with Farmers Insurance listed her strengths as; great followup, vast insurance knowledge, and a personal passion to insure her clients have the right coverage. I added “Cathy not only has great followup, she has great follow thru! Always keeping you up to date with referrals she has received”. Jexter added “Cathy has great communication during and after the process of buying insurance”.

So how did I do in this process? What are the strengths of Alan Underkofler, Blogger for Follow Up Success, Consultant on followup strategies for your business, quickly becoming a go to person in the world of Social Media, Speaker, and soon to be published Author. Like everyone else in the process I took time to really reflect on my strengths in regards to my business. The strengths that I listed were; simple tools, unique solutions, cost effective, ease of implementation, 12 years of marketing experience working with both Fortune 500 companies and brand new at home startups, passion for followup, and enthusiasm to help clients achieve desired results. The group confirmed my strengths and added passion and enthusiasm.

Passion and enthusiasm have been strengths of mine for a long time! Passion and enthusiasm has always propelled me to my next challenge in business. Passion and enthusiasm pushed me to go after clients that everyone said were impossible to get, I was blind and deaf to the reasons they gave me! Passion and enthusiasm pushed me to commit to writing inventory and category management software that was unprecedented in our industry, I was blind to the fact that this was not possible! Passion and enthusiasm is what pushes me now… Right now! Pushing to be a blogger, pushing me to complete my book, pushing me to be a better speaker, pushing me to be a top producer in everything I do! I am blinded by my passion and enthusiasm! For me passion and enthusiasm allows me to be blind to failure and negativity, when you can’t see failure or negativity you can’t fail and you have no choice but to be positive! No choice but to be positive!

Obviously I got a bit more out of this than I ever expected! Hopefully you did too! This last paragraph was not about this post. It was about me and what I needed to hear! So, thank you for being a part of it!  What are your strengths, what inspire your passion and enthusiasm, what propels you to succeed?

Look for next week’s post as we take a closer look at Weaknesses (the “W” in SWOT).

Are You A Multitasking Follow Up Extremist?

In an effort to follow up with new contacts and customer requests I often find myself multitasking, I am sure you can relate! Managing multiple projects and tasks is not new to me by any means. As a Sales Professional either in a corporate environment or as a business owner multitasking becomes an art! I find myself always exploring new ways to get more things done!  I tend to create new habits to squeeze just a few more minutes from my day. As with all new habits and processes we create to achieve more, sometimes it’s good to reflect on the cost these new patterns have.

Yesterday I found myself driving down the road talking on my cell phone, answering a text, switching to my email to respond to a request and just for good measure checking in on Twitter! All of this reminded me of a recent email forwarded to me from Harvard Business Publishing regarding texting while driving!

Is texting while driving really worse than driving under the influence?

A recent study by the RAC Foundation based in London found the average reaction times slowed by 35% while writing or reading texts!  Compare this to the 21% slower reaction from those who had taken cannabis and 12% slower among those who had drunk to the legal limit! A January 2007 survey by U.S.-based Nationwide Insurance suggested 19 per cent of motorists said they texted while driving.  I am sure among my network of friends and colleagues this number would increase to well over 50%!  Are you thinking to yourself…  “this is great but I am an amazing multi-tasker!”? Look at this video of Richard Westcott testing the effects of texting while driving using a simulator.

Take a moment and really think about the urge to read or respond to a text while driving.  Is it really worth the cost?  Can it wait until you arrive at your next destination?  I am all about great follow up and have definitely been known to be an extremist but even I am rethinking some of my habits in regards to multitasking.  Having reviewed the study, I think about a few close calls I have had over the last year while driving on the phone and texting, reading emails, and checking twitter.  For you this might be checking the news, sports, stock market, or the weather.  Whichever other activity you are choosing while driving, hopefully this post will allow you to reevaluate the possible cost!

Take a moment and really think about the urge to read or respond to a text while driving.  Is it really worth the cost?  Can it wait until you arrive at your next destination?  I am all about great follow up and have definitely been known to be an extremist but even I am rethinking some of my habits in regards to multitasking.  Having reviewed the study, I think about a few close calls I have had over the last year while driving on the phone and texting, reading emails, and checking twitter.  For you this might be checking the news, sports, stock market, or the weather.  Whichever other activity you are choosing while driving, hopefully this post will allow you to reevaluate the possible cost!