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Factors
Factor Origin
Factor Effect
SWOT
Detail
Limited Service Lines
Weakness
Only focused on basic handmade soaps - no variety or specialty items.
Increased Competition
Threat
Potential for a nation-wide soap brand to enter the local market.
Marketing Deficiencies
Weakness
No online presence or marketing strategy.
New Technology
Opportunity
eCommerce platform to sell handmade soaps online.
Adverse Political Changes
Threat
New regulations on ingredients, requiring reformulation of soap recipes.
Staffing Issues
Weakness
Lack of skilled soapmakers to meet demand.
No Dominant Competition
Opportunity
Only handmade soap store in the neighborhood.
New Services
Opportunity
Artisan soapmaker with unique soap designs interested in joining the store.
Competitive Advantage
Strength
Strong relationships with local suppliers of natural ingredients.
Reputation
Strength
Highly regarded handmade soap store with a loyal customer base.
Adverse Demographic Changes
Threat
Shift in local population demographics towards a preference for commercial, mass-produced soaps.
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