Your Business Vision and Your Ability to Stick to It

Posted by Cash Miller on June 8, 2010 under Business Planning, Entrepreneurship | Be the First to Comment

Entrepreneurs must have a vision for their business. Vision is without a doubt one of the most crucial pieces of the puzzle when it comes to building a business. But when I talk about vision I’m not talking about a business plan or a strategic plan or even financial goals that you might set for the business. What I’m talking about is your vision of what the business will become when it is all grown up.

What do I mean by all grown up? Well lets put things in very simple terms. When you first start your business it starts off by trying to crawl. And once the momentum begins to build some and your making some progress, say between 6 months and one year old it starts to walk on its own. Then right around the two year mark your business might just be able to start jogging. And finally somewhere around the 4 or 5 year mark it’s able to get out and go for a good solid run. Well your vision of the business really starts to matter when it’s out on its own running. But that vision begins to form while your still in the crawling phase.

Vision is one of those things that is constantly on my mind. What do I want the business to be able to do when it’s all grown up? And it’s something you should regularly think about as well. But also remember that you can be a part of that vision as well.

I’ll give some examples to get you going. What kind of a civic partner do you want the business to be? Do you want to take an active part in member organizations such as your local chamber of commerce? Do you want to contribute part of your profits to charitable organizations. Would you like to fund your own nonprofit organization that can help others. Would you like to become a model employer that is able to offer the best benefits in your industry. Or maybe you want to make sure your business is strong enough to survive without you. Maybe you want your business to be your legacy.

I’ll share with you a vision that I have for my own business. I hope to one day be able to use a portion of our profits to start a business incubation program that can help other entrepreneurs get their own businesses off the ground. That’s not my whole business vision but it is one part of it.

So if you have your own business or are looking to start your own business keep what I’ve said in mind. Having a business vision of your own is not just about what you want your financial numbers to look like at the end of the year it’s about what you hope to accomplish by owning a business in the first place.

Regards,

Cash Miller

Editor

www.SmallBusinessDelivered.com

Originally posted 2010-04-06 03:22:39. Republished by Blog Post Promoter