How to Write Perfect Mission Statement for Business Plan Assignment?

Have you received a business plan assignment and thinking how to write the perfect mission statement for it? Don’t worry; you are in the right place.

This article brings the key points that you must keep in your mind while drafting your business plan and writing an apt mission statement to gain impressive marks. But before that, let’s understand what a business plan is?

A business plan is a written document that defines the company’s way of strategizing marketing, finances, promotion, product development, human resource planning, and budgeting. 

There are broadly two kinds of business plans:

· Externally Focused Plan: This plan considers the concepts of the business that are essential for the external users of it like stakeholders, government, etc. This plan only includes the data about the business itself and talks nothing about that of competitors. Like profits of past years, dividend distributed, tax paid. It generally talks about the success of the business.

· Internally Focused Plan: This plan considers the concepts of the business that are essential for the internal users of it like the management. It highlights the strategies adopted by the company to attain its external goals. It evaluates business both positively and critically.

Here comes the section in which most of the students need business plan assignment help.

THE STRUCTURE

Below we have mentioned for your reference some of the elements that must be mentioned in your business plan.

Note: There is no defined format that you must follow to prepare your business plan. All that are mentioned here are just some elements that you can choose whether to mention or not to mention in your assignment. 

These are:

· Executive Summary

· Company Description

· Market Analysis

· Organization and Management

· Service/Product

· Marketing and Sales

· Finances

· Funds Required

Now coming to the section that probably is the most important element of your business plan- The Mission Statement.

Make sure that your mission statement is able to answer the following questions for your business.

· What is the problem that your business wishes to solve?

· What is the kind of solution that the business wants to propose?

· What is the size of the market that the business belongs to?

· What is your target audience?

· How are you going to make money by promoting this business?

· What is your competitive advantage?

· How will you manage the risk that comes with the business?

· What are the resources that the company already has?

Also, consider the financial history of the company and how do you plan to bring in more money through more investors or your product/service that you are providing to your customers.

This comprehensive article is all that you need to prepare the mission statement of your business plan. So refer to this to excel in your class. All the best!

Summary:

This article highlights the ways in which a student can structure the mission statement of their business plan assignment.

Author's Note

The author is a full-time academic writer working with Global Assignment Help for the past 8 years. She has developed advanced skills in this field and has helped hundreds of students with their writing work. Other than this, she loves to dance.