Entrepreneurial Vision: Create a Business Roadmap for Success
Entrepreneurs must have a vision of where they want their company to be in the future. In addition, the entrepreneur must be able to communicate this vision in an exciting manner to employees and investors, so that they share the vision and are motivated to help achieve it.
Unlike a business plan, a vision doesn't provide a specific roadmap for a business. Rather, a vision paints a picture of what the organization strives to become in the future. A leader with a strong vision motivates the team to achieve this picture, regardless of the action plan that will be employed.
Vision provides motivation to both the leader and employees. It gives employees something that they can believe in and rally around. While it doesn't tell the employees what to do to achieve it, having vision instilled in them helps positively mold their decision-making when problems must be solved that don't have clear answers.
A strong vision combined with a strong business plan is critical to the success of a growing venture. The vision motivates everyone to achieve success, while the plan guides them to where they need to go. In addition, the plan is significant in that it documents the vision. By "cementing" the vision on paper, the team gains more confidence that the vision will not be easily changed and that the organization is truly committed to achieving it.
We regularly receive requests from entrepreneurs who want to hire Growthink but cannot afford our consulting fees. For this reason, we have developed a business plan template that allows entrepreneurs to quickly and cost-effectively develop professional plans.
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The Growthink team took our thoughts and ideas and transformed them into a well researched,
operationally sound, top notch business plan. Most importantly, they kept us involved in the
process and challenged us to build a better business model. I have and would recommend
Growthink to any business.
John Gumersell, Jr.
The Growthink team was extremely professional and organized. I was particularly impressed with
the speed at which they learned the intricacies of our business and our target markets.