October 10, 2007
My business consists of collecting and hauling scrap to the scrap yard. My target market from a selling point is local scrap yards and from a purchasing point anyone who may have scrap metal, which could be anyone from governments officials to single mothers. My strategy is to use my knowledge of scrap metal and recyclable materials assist me in the purchasing, sorting and selling of scrap metal as well as the physical resources I already have such as a truck, trailer and other odd tools used for processing different types of metals. A “SWOT” analysis will help my business by identifying my any ways I may be able to make my business more successful and as well how I out do my competition in terms of quality of work, price of work, and convenience. I have completed research by means of many websites concerning scrap metal prices and future demand for metals particularly in China. The purpose of this report is to identify the strengths, weaknesses, opportunities and threats to my business as well as my place in the market. This report contains research and facts collected by myself to help complete a “SWOT” analysis.
My physical resources would be considered a strength and they consist of a truck and trailer as well as various tools such as cutting torches, grinders, air compressor and various air tools, chisels, screwdrivers, ratchets, wrenches and many other.
My financial resources would be considered a weakness and are little to nil at this time but should hopefully be better in the near future.
My human resources are a strength and are myself (as it generally only takes one person) and a few others who knowledge of scrap metal. I have the strength to handle the labor aspect and the others I can call on whenever needed, if at all.
My information resources are a strength and are myself as well. I have a vast knowledge of...