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What is a Mission Statement

THE MISSION STATEMENT:

A mission statement is what separates one business from all others within the same industry.  It gives the company a unique identity. In generally, the mission statement answers who you are, what you do, and where you plan to be in the future.

Below identifies the two main components which are necessary in developing a mission statement.

1)    Defining what business your organization is really in;
2)    Defining your long-term objectives.

Let's look at each component separately.

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Competitive Strategies to Increase Sales and Profits

THREE COMPETITIVE STRATEGIES

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Types of Business Insurance

BUSINESS INSURANCE

The types of business insurance certainly depends on the nature of the business.  To best determine your business insurance requirements, please consult an insurance agent and/or insurance broker.  Below offers various examples of business insurances.

 

General Business Insurance (Liability)
General liability covers negligence causing injury to clients, employees, and the general public.

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Operating Issues for Starting and Growing a Business

 

A)  Business Operating Issues:

1. What is a Business Plan and why do I need one?

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Other Important Issues for Starting and Growing a Business

C)   Licenses, Permits, Inspections and Taxes:

102. Does your product meet all government standards? What standards apply, if any?

103. Are you required to charge municipal, state/provincial, and/or federal sales taxes?

104. Have you contacted the approximate government entities to acquire the necessary tax forms for registering?

105. Does your business require any special tax, licenses, permits or inspections?

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Strategic Planning Process

STRATEGIC PLANNING and STRATEGIC PLANNING PROCESS:

In previous sections of the strategic planning process, we discussed the mission statement and corporate objectives.  To date, however, we did not address the relationship each have on one another as it relates to strategic planning.  Nor did we elaborate on how each might be achieved. We will discuss this now by introducing you to a process called strategic planning.

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Example of the Financial Section of a Business Plan - Part 1

PART A.  -   INTRODUCTION TO THE FINANCIAL PLAN

 

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Example of the Financial Section of a Business Plan - Part 2

PART B  - FORECASTED FINANCIAL STATEMENTS

The next part of the Financial Plan involves the Forecasted Financial Statements. You will include the following forecasted statements and analysis in your Financial Plan.  Click on each item below for details and examples.

 

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