Steps to achieving greatness in business.
1. Define your Vision
Vision Statement
Vision statement helps to stay inspired and on the right track. It serves also as a source of inspiration for staff.
To grow vision, it must be built on mission. Mission gives information about the purpose, what the business does and what the business hope to achieve.
Company’s Values
Pre-guiding principles of how business should operate.
Personal Principles
Common beliefs and attitude of the owner and staff.
Strategic Goals
They are stepping stones to reach the vision. To get desired outcome for next 3 to 5 years,specify what need to be done to reach the vision.
Operational Objectives
They are stones required to reach each step. Ensure the objectives are SMART.Specific,
Measurable, Attainable,Relevant and Timely.
State business goals in terms of: Market/Industry,Finance,Physical resources,Productivity and innovation.
Do your SWOT Analysis.
Strength, Weaknesses, Opportunities and Threats.
Mission ,values and goals are ingredients to build the vision.
The company’s mission and values serve as the basis of its identity.
Company’s may grow and diversify. Market and industry may evolve,but the company’s identity will remain the same.
Know Your Business first before deciding where it should go. Destination may change but the company’s in the journey will not change.
