Actual small business owners (past or present) only…
Right now, I'm in the beginning phases of starting a small business. I want to know how many entreprenuers think a mission statement is very important to their success. I have a bachelors degree in Finance from a respected school so we did discuss them but I still remain unconvinced of the mission statements importance. I already made one for my business in like 10 minutes. Personally, I find people who really highly value mission statements as yesmen (or yeswomen) who are probably happier in the corporate world anyways. What's your take?
To No One Answerer…good point on the fact that Wal Mart and Ikea got one.
If curious, my business is to acquire and rehab abandoned commerical centers in urban areas and turn them into indoor flea markets (aka bazaars) and ballrooms and banquet halls. The actual business won't be up and running til Summer of '08. Here's my mission statement I came up with…"a company dedicated to the revitalization of urban properties to enhance neighborhoods and strengthen communities through the power of local commerce. "
Very. If you're not basing on a founding principle. You're not going to get very much done for your employees won't know what the company is about. Communication couldn't be more important than in business. It's almost like the military. You set an objective, and then you carry it out, or if it becomes compromised, you set another set of orders middrift and you continue until your objectives are complete. Without a mission statement that type of "company purpose" idea is only a gray area, and the job becomes less motivational, and somewhat less professional, to the employees, who will then only do their jobs as a 9-5 drudgery, instead of feeling true purpose as if they're making a difference by doing their jobs, helping people and bettering the world, which is a natural feeling that people like to have about their employment. Besides Ikea, Wal-mart, and Microsoft have mission statements, and that to me is more than enough reason to have one myself.