2006 July

As entrepreneurs we know that a SWOT analysis is the basis for competitive advantage. Lately, I have been seeing another ‘t’ in lower case or parentheses at the end of this acronym — SWOTt or SWOT(t). Trend is the new addition. The RH Question: Does analyzing the market trend provide further overview of a firm’s

Five segments of the general environment:– Macroeconomic– Sociocultural– Political/legal– Technological– Global The macroeconomic segment can affect a small business due to changes in inflation, interest rates and currency exchanges. For example, a business processing mortgages can experience a decline in mortgage applications when the interest rate is high and an increase when the interest rate

Is a good idea a good investment opportunity?A good idea requires certain fundamental factors. It relates to market factors, competitive advantage, economics, management capability, and fatal flaws.A good opportunity represents a product or service that must meet a real market need as it relates to its function, quality, durability, and price.Source: Small Business Management, Longenecker

Welcome to The RH Biz Blog. Here, I will post news and business information that impact virtual assistants and the clients we serve. Please feel free to post comments on any topic of your interest. The goal is to share information that will help promote the virtual assistance industry as well as provide beneficial resources