Home Electrical Contractor Free Electrical Contractor Business Strategy Questionnaire 1.1 Mission Statement. Questionnaire
What is the Mission Statement and why is it so important in a business plan for a small business like Lights On Electrical, Inc.?
You never get a second chance to make a first impression is a very common saying and that applies to business plans as well. The first item of a business plan that is read by either lenders or potential partners is the mission statement. This is where a a small business owner tells the world just why they are in business, using the simplest language he or she can find.
A mission statement must indirectly answer the following questions:
Is there any ideal Mission Statements that small business owners like Andy Powell can use?
There is no such things as a ideal mission statement, but there are complete and incomplete mission statements. In our opinion the mission statement must leave the reader of the business plan with a clear strong first impression of exactly why a small business like Lights On Electrical, Inc. is in business. It must be assertive and have the confidence that is required for the business to succeed in real life.
Any good Mission Statement is also incomplete without a specific mention of how it plans to serve its clients which after all is the only reason that they are in business. This is where words like Integrity, trust and commitment come into play. Your mission statement is not just a statement about why you are in business but also a promise that you make to yourself and to your clients about the quality of work they can expect from you. Make sure your mission statement captures your values as well as your vision for your business.
What are examples of some really good mission statements that can be used by small business owners like Andy Powell?
We have included mission statements from small businesses as well as some of the world most prominent companies and you can see that all the mission statements have the key element of simplicity and telling the reader why the business exists. In the case of the mission statement from Google, you can see that it is very short and too the point and yet it conveys everything that the company wants the reader to know about why it is in business.
Take some time to think through your mission statement - it is truly the first and sometimes the last thing that the reader of your business plan will remember about you. You could have a fantastic business plan and a weak mission statement, and that could affect the image or impression you make in a very significant way. On the other hand, you could have a very weak business plan but an excellent mission statement and that may win the day for you!
The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!
The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.
Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.