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Business Damage, SWOT Analysis Example

Pages: 1

Words: 545

SWOT analysis

In this current life, it is pertinent for any individual to embrace business with the relevant technology, is a vital activity that facilitates life. It was about six in the morning when I received a call from one of my neighbor at the business site. Without much expectation what could be happening he broke the news. Consequently, my efforts to rush to the place of the scene were futile because of the long car queue on the road. Following this, event in mind is when a boutique was burnt down, and the fire course of the raging fire was not established up to date.

However, despite the fact that the incident took place some three years ago, the memories of the scene are still vivid in my minds. Notably, this was one of the bitter experiences in life since my expectation were abruptly ruined. In addition, the incident still hurts much because due to the ignorance, I had not insured the shop against disaster and so, the loss incurred was maximized on one person. Apparently, my memories of the tragic scene are fresh in my minds because even though the cause of the fire is not clear, my next competitor is a suspect since. Rumors have it that he did burnt he incorporated the burning of his shop with mine so that he may get compensation form the insurance company. On the ground that his shop he had insured the shop against fire and unfortunately it, was not doing well, therefore, the only way to get compensation was to burn it down.

The following event did affect my goals since the long awaited destiny has been doomed. In addition, I was affected psychologically prior to the pain instilled in my brains unexpectedly. Despite of the continued oppression of the minds, it is evident that the incident did add value on my personality. Values like dignity, self-control, and self-motivation a sense of life acceptance build itself in me. Thus, despite the five years planned future being ruined in a couple of hours I still can move on with life. Consequently, after the bitter incident, a lesson is well learned that, it is vital not to ignore life-serving institutions as the insurance.

The above experience had both positive and negative impacts on the overall health. It is pertinent to note that health fitness does not only involve the nutritional part, but also the mental. On the negative side, the burnt store did cause mental torture, where it was mandatory to think for a new way of surviving to counter the present situation. Again, still on health, the shop did act as the source of food; therefore, since it was no longer in place, source of the food was unstable. Following the above, nutrition level in the family went down. As a matter of facts, situation has its advantages and disadvantage. Here, the positive impact was that it instilled some knowledge in mind that insurance can help restructure a fallen source of income. To add on that, the situation also helped in the widening of the minds in that it is not wise to put all the hopes in one place. Therefore, for business-oriented individual, it is worth to note that diversification is highly recommended. This will guarantee the surveillance ability.

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