Get All Access for $5/mo

Redefining Your Mission Statement Haven't updated your mission statement since you started your business? Here's how to get started.

Reassessing your mission statement starts with asking youremployees how closely it reflects how the company works. Is itrealistic? Are we living up to it? Is it used on the job? Where canwe do better? This critical look in the entrepreneurial mirror isdaunting, but the rewards are great. You'll connect with youremployees, who will respect you for taking an honest, warts-and-alllook at your company. A staff meeting or a survey are both goodoptions for getting feedback.

If you find dissonance in your mission statement, get rid of it.That may require changing some of your company procedures.Don't leave yourself any wiggle room, either. If you write thatyour company will have "integrity," for example, whatdoes that mean? Your mission statement should define what integritymeans on the job, and how it will be measured in companyperformance. Make sure your mission statement is specific,measurable, attainable, relevant and trackable. You'll increaseits usefulness as a benchmark in staff meetings as well as in yourbrand strategy.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

How to Find the Right Programmers: A Brief Guideline for Startup Founders

For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.

Business News

How Nvidia CEO Jensen Huang Transformed a Graphics Card Company Into an AI Giant: 'One of the Most Remarkable Business Pivots in History'

Here's how Nvidia pivoted its business to explore an emerging technology a decade in advance.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Want to Start a Business? Skip the MBA, Says Bestselling Author

Entrepreneur Josh Kaufman says that the average person with an idea can go from working a job to earning $10,000 a month running their own business — no MBA required.

Leadership

Why Hearing a 'No' is the Best 'Yes' for an Entrepreneur

Throughout the years, I have discovered that rejection is an inevitable part of entrepreneurship, and learning to embrace it is crucial for achieving success.