Starting a small business might be easy but making it successful requires a lot of hard work and effort. As a small business owner, when starting a business, it is important to understand the mission and vision of it. The mission defines why your organization exists, who are your primary customers, targeted geographical location and products/services you are offering, focuses on what you do and how you do.

Building a small business is more than financial projections, spreadsheets and a marketing push. It also requires passion, attention to details and dedication.

There are three types of business statements recommended for small businesses.

●   Mission statement

●   Vision Statements

●   List of Core Values

In this blog post, we will read about the mission of your small business and what do vision and value mean to you. So, let's dive into the post.

Mission Statement

The mission statement of your business helps you keep focus and not forget why you started it all. A good mission statement is easy to remember and helps customers identify with your company. Several huge companies understand the importance of a solid mission statement.

So, before you start with a mission statement for your small business, you need to keep a few aspects in mind.

●   Who are your customers?

●   How are you doing your business?

●   What services are you offering?

●   Where do you offer services—internationally, nationally or local?

The mission statement of your business should be simple, and straightforward. When crafting your mission, make sure it represents your business as a whole. It is something that can help you be clear about what success looks like for your business.

Vision Statement

Vision is a simple statement of how you see your business in the future. Your mission describes your company's roots and its purpose; your vision is the goal it wants to reach. It reflects what your business wants to become. The vision makes sure you and your team have a concrete goal, and everything you do is to achieve that goal.

You need your vision not just to convey a message to your team but also to your customers. Your vision draws a picture of a better future for your team. It makes sure your team puts in hard work and dedication if they want the vision to come true. Your customer who sees your vision understands the goal you are aiming for and makes them part of your journey.

Core Values

Values are your company's ethics, principles, morals, and ideals. They dictate the mission and create paths for your vision. In general, companies have one or two core values, but you can frame more than two. Several companies form acronyms of their values to make them click with people and to make them memorable. It is the company's values that help you make tough choices and follow the right path to achieve your goal.

Conclusion

Mission, vision, and values are the three pillars upon which your business will stand. They are the guiding light in the darkness and will help your business survive in the long run.