Swot Analysis
Strengths
Weaknesses
Opportunities
Threat
There is a lot of demand.
I have a lot of experience with skateparks.
There isn't any competition in Ottawa.
Large start-up cost because I'd need to buy or rent a whole skate park.
Other people might have the same idea and become my competition.
Possibility of starting a franchise and opening up several skate parks across different cities.
Chance to sell food in the skatepark.
Memberships available for purchase.
People can have birthdays in the skate park.
Companies, etc. might run competitions in the skate park.
We can get paid to have sponsors in the facility.
Recent increase in minimum wage means larger expense.
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I wouldn’t have to hire too many people (not a lot of people are required to run the facility).
Possibility of less interest than expected.
Possibility of people not liking the Skatepark.
Increase of minimum wage even more then now.
Large expenses (hydro) due to a big size of building.
There aren’t many weaknesses due to the idea being full-proof and most likely successful.
In Ottawa, the weather stops people from using skateparks for approximately half the year, forcing them to go to an indoor one.