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Actual for You - Creating A Vision and Mission
Don’t get me wrong. I think LLCs, or limited liability companies, are great. At modest cost, they often let you minimize your legal liability. LLCs also give you tremendous tax flexibility, because with an LLC you can choose to be treated as a corporation, an S corporation, a partnership (if there are multiple owners), or a sole proprietorship (if you’re the only owner).In spite of these big benefits, four good reasons exist for not forming a l
Some examples: Pfizer Pharmaceutical’s mission statement: “We dedicate ourselves to humanity’s quest for longer, healthier, happier lives through innovation in pharmaceutical, consumer and animal health products”.
Purpose: quest for longer, healthier, happier lives Business: pharmaceutical, consumer and animal health products Values: Innovation
Dell Computers statement – “With the power of direct and Dell's team of talented people, we are able to provide customers with superb value; high-quality, relevant technology; customized systems; superior service and support;
Archie is our little adopted Terrier dog I rescued a few years ago. Archie goes to the groomer every few months.Last week, it was time once again and I wanted to find a new groomer, closer to home. (NOTE: The groomer I was going to was a commodity that I felt I could easily replace with someone closer).One day I spotted a a banner that said "Arms Full of Love, Grooming." They were close by and it appeared they were new in business.
For any business to succeed, it must know what it is about. It must be able to clearly describe why it is there, and what it is there to achieve. Developing a vision and mission statement is a way of articulating these ideas to yourself, your customers, your employees, and to the world at large.
A Business Vision that Inspires!
If you don’t know where you are heading, then you can make any choice and go in any direction (including backwards). The value in knowing your final destination (your vision) is that you can choose to take the specific paths that lead you there. Your action is intentional and keeps you pointed in the right direction.
Vision statements can take many forms. They answer the question: “What will success look like?” Their main purpose is to articulate the “dream” state of the business. If your business could be everything you dreamed, how would it be? To help you to craft your vision statement, try writing your answers to the following questions:
• Why did I start this business?
• When I move on from this business, what do I want to leave behind?
• What am I really providing for my customers beyond products and services?
• If my business could be everything I dreamed, how would it be?
Here are a few examples of powerful vision statements from the real world:
eHam.net - “To build the largest and most complete Amateur Radio community site on the Internet”
Coachville - Everyone is a coach
Bill Gates - There will be a personal computer on every desk running Microsoft software
Once you have created the long-term vision for your business, it creates the context in which all other decisions are made. Your statement should stretch expectations, aspirations, and performance. Without that powerful, attractive, valuable vision, why bother?
A Clear Mission that describes what you do
For any business to succeed, even a business consisting of one individual, it (he/she) needs to know what they're about - what, precisely, it is that they do. The mission statement describes the "what" of your business. It states why your organization is in business and what you are hoping to achieve.
A typical mission statement contains three components:
1. The overall purpose of your business – what are you trying to achieve, why are you in business
2. What your business does – products and services it provides
3. What’s important to your business – the values your business lives by
Some examples: Pfizer Pharmaceutical’s mission statement: “We dedicate ourselves to humanity’s quest for longer, healthier, happier lives through innovation in pharmaceutical, consumer and animal health products”.
Purpose: quest for longer, healthier, happier lives Business: pharmaceutical, consumer and animal health products Values: Innovation
Dell Computers statement – “With the power of direct and Dell's team of talented people, we are able to provide customers with superb value; high-quality, relevant technology; customized systems; superior service and support;
First let's define Six Sigma in terms we can all understand. It's a quality control process that is data driven What that means is the result is measured in numbers, in particular, numbers of defects . To achieve Six Sigma you should have less than 3.4 defects per million opportunities. Opportunities for what? I guess a million opportunities to screw up.The list of big companies that are utilizing Six Sigma is huge. But is it right for the smal
Vision statements can take many forms. They answer the question: “What will success look like?” Their main purpose is to articulate the “dream” state of the business. If your business could be everything you dreamed, how would it be? To help you to craft your vision statement, try writing your answers to the following questions:
• Why did I start this business?
• When I move on from this business, what do I want to leave behind?
• What am I really providing for my customers beyond products and services?
• If my business could be everything I dreamed, how would it be?
Here are a few examples of powerful vision statements from the real world:
eHam.net - “To build the largest and most complete Amateur Radio community site on the Internet”
Coachville - Everyone is a coach
Bill Gates - There will be a personal computer on every desk running Microsoft software
Once you have created the long-term vision for your business, it creates the context in which all other decisions are made. Your statement should stretch expectations, aspirations, and performance. Without that powerful, attractive, valuable vision, why bother?
A Clear Mission that describes what you do
For any business to succeed, even a business consisting of one individual, it (he/she) needs to know what they're about - what, precisely, it is that they do. The mission statement describes the "what" of your business. It states why your organization is in business and what you are hoping to achieve.
A typical mission statement contains three components:
1. The overall purpose of your business – what are you trying to achieve, why are you in business
2. What your business does – products and services it provides
3. What’s important to your business – the values your business lives by
Some examples: Pfizer Pharmaceutical’s mission statement: “We dedicate ourselves to humanity’s quest for longer, healthier, happier lives through innovation in pharmaceutical, consumer and animal health products”.
Purpose: quest for longer, healthier, happier lives Business: pharmaceutical, consumer and animal health products Values: Innovation
Dell Computers statement – “With the power of direct and Dell's team of talented people, we are able to provide customers with superb value; high-quality, relevant technology; customized systems; superior service and support;
If you're thinking about getting outside or equity capital to help fund your business, there are some things you need to do first, that can make your business more attractive to investors. Follow these simple ideas, and you'll be well on your way to raising the money you need.First, always talk to a qualified business attorney (not your family lawyer). There are a lot of laws pertaining to how equity capital can be raised from the public, and t
Here are a few examples of powerful vision statements from the real world:
eHam.net - “To build the largest and most complete Amateur Radio community site on the Internet”
Coachville - Everyone is a coach
Bill Gates - There will be a personal computer on every desk running Microsoft software
Once you have created the long-term vision for your business, it creates the context in which all other decisions are made. Your statement should stretch expectations, aspirations, and performance. Without that powerful, attractive, valuable vision, why bother?
A Clear Mission that describes what you do
For any business to succeed, even a business consisting of one individual, it (he/she) needs to know what they're about - what, precisely, it is that they do. The mission statement describes the "what" of your business. It states why your organization is in business and what you are hoping to achieve.
A typical mission statement contains three components:
1. The overall purpose of your business – what are you trying to achieve, why are you in business
2. What your business does – products and services it provides
3. What’s important to your business – the values your business lives by
Some examples: Pfizer Pharmaceutical’s mission statement: “We dedicate ourselves to humanity’s quest for longer, healthier, happier lives through innovation in pharmaceutical, consumer and animal health products”.
Purpose: quest for longer, healthier, happier lives Business: pharmaceutical, consumer and animal health products Values: Innovation
Dell Computers statement – “With the power of direct and Dell's team of talented people, we are able to provide customers with superb value; high-quality, relevant technology; customized systems; superior service and support;
Now here is a function that has got the hackles of nearly everyone up at some time or the other. For all of us have had a bad experience with customer service.Let me show you what I mean.We do not have that item. Up front it is understood that a store has the right to stock and sell what it chooses. What is frustrating is when you go to favorite large store, or a large discount store, or any full service store, who give the impression th
A Clear Mission that describes what you do
For any business to succeed, even a business consisting of one individual, it (he/she) needs to know what they're about - what, precisely, it is that they do. The mission statement describes the "what" of your business. It states why your organization is in business and what you are hoping to achieve.
A typical mission statement contains three components:
1. The overall purpose of your business – what are you trying to achieve, why are you in business
2. What your business does – products and services it provides
3. What’s important to your business – the values your business lives by
Some examples: Pfizer Pharmaceutical’s mission statement: “We dedicate ourselves to humanity’s quest for longer, healthier, happier lives through innovation in pharmaceutical, consumer and animal health products”.
Purpose: quest for longer, healthier, happier lives Business: pharmaceutical, consumer and animal health products Values: Innovation
Dell Computers statement – “With the power of direct and Dell's team of talented people, we are able to provide customers with superb value; high-quality, relevant technology; customized systems; superior service and support;
If you are about to buy a business and meet with the seller(s) for the first time, and are wondering what you should talk about with them, what questions you should ask and what you should be looking for in this crucial first meeting, then this article will be a huge help to you. Listen: The thing to keep in mind is you should definitely NOT cut it short. Why? Because what you’re trying to do is get to know the other party, and cutting
Some examples: Pfizer Pharmaceutical’s mission statement: “We dedicate ourselves to humanity’s quest for longer, healthier, happier lives through innovation in pharmaceutical, consumer and animal health products”.
Purpose: quest for longer, healthier, happier lives Business: pharmaceutical, consumer and animal health products Values: Innovation
Dell Computers statement – “With the power of direct and Dell's team of talented people, we are able to provide customers with superb value; high-quality, relevant technology; customized systems; superior service and support; and products and services that are easy to buy and use”. Purpose: provide customers with superb value technology Business: high quality, relevant technology, customized systems Values: superior service and support, easy to buy, easy to use
A well-crafted mission statement becomes the glue that binds the various parts of the business together and drives behavior in your employees. Is it time you had a look at yours?
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