Enterprise and Employability

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SMART

SMART- Refers to the objectives of a business. They must be:

S Specific 

M Measurable 

A Achieveable 

R Realistic

T Time specific 

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SWOT

SWOT- can be used at the planing stage of a business 

Strengths

Weaknesses 

Opportunities 

Threats 

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Handy Definitions

Mindmapping- linking ideas together 

Brainstorming- Generating ideas 

Risk/reward assessment- Refers to the risk of what may go wrong and what the enterprise may gain from an activity. It also looks at how big/small each may be. 

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