SWOT Analysis is a tools for conducting an analysis on your Strengths; Weaknesses; Opportunities and Threats. If it a tool commonly used in conjunction with a Strategic Planning as well as Marketing Planning. If you are new to this, read more about SWOT Analysis here . However, if you already know some basics about this analytical tool then the following case studies could be interesting.

SWOT Analysis conducted for a small business do not require as massive effort as in the case of a big business or in a very competitive market. The scope of a small business in this case study refer to a business which is managed by you alone or with a workforce of less than 10 people. Sales turnover is not taken into consideration because a small workforce or sole webmaster can have a big sales turn over due to today’s internet technology.
Below are the example of the SWOT Factors of a Small Business :-

1) Strengths
1.1) Highly versatile due to less people involvement
1.2) Fast decision making
1.3) Less overhead / expenses

2) Weaknesses
2.1) Limited resources such as funding, manpower etc
2.2) Have constraint in multi project simultaneously

3) Opportunities
3.1) Plenty of outsourcing by big companies
3.2) Emerging of Internet Business

4) Threats
4.1) Competition from big boys
4.2) Competition among small business owners

The key is to recognize the Weaknesses and look for ways to improve it. Example: you can look around for a business grant at for the funding start or expand your small business. Below are some tips about Business Grant

What is a business Grand ?
A Grants is a form of fund and generally it is taken as free money. They are made available by usually government bodies to provide financial assistance like conduct research; build a college, launch of a non-profit organization etc.
However, a Business grants is slight different. They are specifically designed to help in business environment such as to start a green business or even for expansion purpose. The amount of the funding can vary from as little as $500 to as much as $5 million.
source: http://www.businessgrants.org