How to Do a Business Statement

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A business statement, also known as a mission statement, encompasses the values, goals and purpose of the business. Draw up a business statement for regular reference with advice from a certified public accountant in this free video on starting a new business.

Part of the Video Series: New Business Tips
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Video Transcript

Today's topic is how to prepare a business statement. Also known as a Mission statement. All entities are held by public or private interests. And those interests hold, hold a set of fundamental values. And the purpose of that entity. When they're combined together. You can use those ingredients to form your Mission Statement, in an Expression. A Mission Statement expresses what an entity is in the business of. and the underlying values. So developing a Mission Statement involves exploring and revisiting your entities values, the goals and purposes. And then expressing that in a concise statement. For example, if your company manufactures ThingMagics. And quality is the most virtue value that your interest hold. And your goal is to be the top manufacturer of those ThingMagics, in the world. Then a very concise, meaningful Mission Statement for your company. Would be developing the best widgets for the world.

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