Nurture Your Wealth

Are You Trying To Fail: Lack of Vision/Mission Statement

  If you plan to start a successful project you without a doubt have thought about writing a vision or mission statement. They are essential pieces to any business, either for profit or non profits. I am going to explain why any and all business should have a vision and mission statement.

• First of all you need a vision and mission statement for financial purposes.
    If you are running a non-profit a vision and mission statement is part of your grant proposal. A grant proposal is a solicitation to the government for a cash donation to help fund your endeavors. 99% of the times a grant proposal will ask for a budget, details about the money and where it is spent, and last but not least what your company is about. Your company’s about me page is your vision, mission, and values statement.
    If you have a for profit corporation or even small business/sole proprietorship you will need a vision and mission statement as well. For profit companies all require a business plan/portfolio when applying for a loan. When going to the bank for a loan your business plan/portfolio will include the vision/mission statement even if it isn’t headed as one. You will undoubtedly explain what your business is about and what you plan to do with the money. Which can be reworded into a mission and vision in 5 minutes.

  Secondly, when you begin to hire and train employees you will need to create guidelines and rules for the employees. The employees should have a sense of belonging within the company and help work towards the end goal of the company(vision). The employee will be striving for the vision through the mission statement.

•    Creating a vision and mission statement really isn’t as hard as some may think.
  Mission Statement 1- Company’s Purpose
  Mission Statement 2- Company’s Product
  Mission Statement 3- Company’s Objectives
  Vision Statement 1- End Goals
  Vision Statement 2- Hopes to Become
  Vision Statement 3- Realistic Aspirations

   Now you know why you need the vision and mission statement. I hope this also helps in your first steps towards creating your vision and mission statement.

So now ask yourself, Are You TRYING to Fail?

Related Posts:
Nurture Your Wealth’s Vision and Mission
Does your Company have a Vision/Mission Statement

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