This document provides guidance on conducting a SWOT analysis for a business idea. It explains that a SWOT analysis involves identifying the strengths, weaknesses, opportunities, and threats of a business idea to determine if the planned products or services will be successful. It then lists tips for conducting an effective SWOT analysis, such as being realistic about strengths and weaknesses, distinguishing between the current and future state, keeping the analysis specific and short, and recognizing that it is subjective. Examples are also provided of a personal SWOT analysis and categorizing observations into the different SWOT elements.