Mission Statement In Business Plan

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Take away the mission and other key elements will fall apart.

Your mission also has the power to attract other like-minded individuals and entities to your cause.

Of these three, the mission is the most important.” – Ajaero Tony Martins Now what has a mission statement got to do with building a business?

What’s the impact of a mission statement on an entrepreneur undergoing the entrepreneurial process?

Of course, without a destination, you can’t plan a route.

Before we discuss the steps involved in developing a mission statement for your business, let’s look at the components of a mission statement and why you really need a mission statement for your business.If the mission is strong, your spirit will be strong towards the pursuit of your goal.“The IKEA spirit is strong and living reality. Simplicity and humbleness characterize us in our relations with each others, our suppliers and our customers.” – Ingvar Kamprad3.Your mission statement is the bond binding you, your team, employees and your customers to the business.A vision This, simply put, states the impact you envision your business having on the world in years to come.You can have more than a single statement in here, but don’t go beyond three.All you have is just a profit making venture that will soon be wiped out with time.2.The entrepreneurial spirit is found in the mission statement.The reason is that people with the same mission align together; more like birds of the same feather flocking together.4.With a strong mission, your business will weather any storm.A mission statement helps you plan your business effectively.It provides the destination for your journey to business success.