Company’s Purpose Is Not Its Vision
Business means conducting trade, this simply means physically buying and selling between two people. Nowadays, technological advancement has made it possible to start a global business just by opening up a PC. This advancement consequently opened up the world of business to a wide range of people, from teenagers selling things to senior citizens trying out some of their uncharted water before kicking the bucket.
But whether it is a small scale, sole-proprietorship business, corporation, or limited partnership businesses, it is important to carefully set out a business purpose, which roughly translates to writing down your reason for starting a business into one or two sentences and mobilizing all necessary resources around it. As a matter of fact, research shows that companies with properly defined business purposes have 50% more chance to expand successfully to new business than those without a poor business purpose. Also, 58% of businesses with clearly defined business purpose record…