Scaling Up Business with Bill Gallagher

How The SWT Tool Saved My Business In 2008

Dec 31, 2024
Discover how the SWT tool turned a crisis into an opportunity during the 2008 financial disaster. The focus on inherent strengths, weaknesses, and market trends offers a fresh perspective on strategic thinking. Hear how a CEO reimagined their jewelry business, adapting to challenges and thriving despite adversity. This insightful approach can guide anyone looking to navigate turbulent times.
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ANECDOTE

SWT Saves Jewelry Business

  • In 2008, Bill Gallagher's fashion jewelry business faced collapse during the financial crisis.
  • Using the SWT tool, they shifted to creating meaningful, giftable necklaces at a lower price point, achieving significant growth.
ADVICE

Employ the SWT Tool

  • Use the SWT (Strengths, Weaknesses, Trends) tool to navigate turbulent times and update your long-term strategy.
  • Analyze market trends, identify your company's strengths and weaknesses, and adapt to stay relevant.
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