Friday, October 13, 2006

LNB #024: Without Vision, the People Perish

Not having a clear vision and mission will add unnecessary complexity to your business. It will be harder to stay on track and to determine quickly whether a new opportunity is consistent with your business model. However, the concepts of Vision and Mission have become obscured with consultant-speak (yeah, we did it).

Here's a simple way to plan these two important factors into your business plan.

  • Vision: include your target market, niche, products/services, territory, scope, productivity level, and other key factors.
  • Mission: use as few words as possible to convey why you're building the company you're building.

Get these resources:
The One Page Business Plan for the Creative Entrepreneur
The One-Page Proposal: How to Get Your Business Pitch onto One Persuasive Page

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