What is a pestle analysis for an escape room
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Answer:The following information summarizes the SWOT analysis for an escape room business. SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Every escape room business should invest time into completing a SWOT to help ensure success. Strengths Relatively easy entry and low capital outlay. Unique themes Variety of difficulty levels Game masters trained for role-playing and excellent customer service Location is close to customers and relatively far from competitors Regular changes to clues and puzzles Weaknesses Upset customers can potentially harm both business reputations or cause collateral damage by way of online reviews. New to the area and market Brand not well established Limited capital Opportunities Reach a customer geography not yet catered for Growing industry and popularity of mystery rooms Unlimited number of new themes, game, and clues Low barriers to entry Threats Another new entrant or current supplier expansion could potentially hurt market share. While we do have a backup, the website could go down for technical reasons. Sales tied to economic growth. Game mechanism not protected under U.S. intellectual property law Established companies expanding into the City Explanation:
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