A situation analysis is the assessment of operations to determine the reasons for the gap between what was or is expected, and what has happened or will happen.

For more on how to deliberately analyze your business, consider running a SWOT analysis.

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Bplans GlossaryBplans Glossary

At Bplans, it's our goal to make it easy for you to start and run your business. The Bplans glossary of common business terms will help you learn about key small business and entrepreneurship topics.