1. Speer 2.0 (Kriegsleiter)manages to organise the german industry, the new ressources beeing focused in a torpedo-bomber project
2. Luftwaffe had the ability to achieve total air superiority, enabeling safe air-transport and support
3. Spain, Vichy France and Italy could be brought in, possibly as a result of a big axis naval victory in the Med or a Oran-like incident
4. German troops where superior in numbers, training, tactics, weapons and leadership to those of the british
5. The germans could risk in the battle of Norway, where they would simply bleed the R.N. dry by U-Boat and airpower
6.Germany had beaten everyone up to that point, including the once mighty french
7. Germany had a strong paratrooper force, wich could have been even stronger
8. DUNKIRK COULD HAVE BEEN A MUCH BIGGER DISASTER
1. A lot of ideas get floated for different German economic planning in the 30s. Nine out of ten of them are, to be frank, complete bollocks. The really good one would be not to build the West Wall. But, really, to decide in 1938 to go for barges/landing equipment instead of fortications, because " when one attacks Poland France will do nothing, France will then fall in six weeks but the British will hold out" would just get laughed at.
2. Curiously enough the Germans could have massively improved their chances in the Battle of Britain by putting long-range fuel tanks on Me 109s. I have never read an explanation of why this was not done.
3. Spain, France and Italy? The contradictions of doing so are legion.
The other option of course is that the Germans do ... NOTHING. No bombs, no threats, they just act as if the war is over. It would be interesting to see what the British would or could do in those circumstances.
In practice of course Churchill could easily have provoked Hitler, who lacked the temperament for such an approach.