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Business Plan Tutorial:
Tools to Help You Launch Your Own Business
Business Mission Statements
Most businesses have some form of mission statement -- whether they know it or not. For example, other names for a mission include: founder's philosophy, statement of purpose, business philosophy. An organization's mission describes its fundamental purpose and overall philosophy. Note: A mission statement (what we are) is different than a vision statement (what we want to become).
Other ways to think about a mission statement as you begin to write one include:
- Answers the question, "What business are we in?"
- Provides thrust and direction to the organization.
- Must be market-oriented (focusing on the problem the business is solving), not product-oriented.
- Should be realistic and attainable... ambitious, but not impossible.
- Should motivate employees and other stakeholders.
Why is a mission statement important?
- Provides thrust and direction to the organization.
- Cornerstone of all strategic planning.
As you begin to work on your company's mission statement, remember that it is best to keep it to an actual statement -- concise and to the point, and something that can be easily remembered.
Here are some sample business mission statements.
Lost? Go to the Map of the Business Plan Tutorial: Tools to Help You Launch Your Own Business.
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