Although Mission Statement and Vision Statement are vital components of any company that often together, they are by themselves distinctly different. From a little research, what I’ve found is that a mission statement focuses on today and what the company is trying to achieve and how to achieve it. Vision statement on the other hand, should focus on where the organization sees itself in the future; what is the goal and ambitions of the company that will attract people and how will those contribute to society. Although both are quite abstract, mission statement is often more specific in talking about the do’s and how’s whereas vision statement is about hopes, goals, and changes. As I look at these two from these perspectives, I came up with some ideas for mission and vision statement for my business idea company. These ideas really have to do with thinking about what I really wanted the company to do, what kind of scope am I envisioning it, and what values are important to this type o
Being a service-based business, there aren’t that many things that are considered intellectual property that need to be protected. The only thing that I can come up as being closest to needing intellectual property is the copyrights to the business’s website code. The code is used to create the business’s property and is part of the company’s property. Although not directly belonging to the intellectual property zone, securing a domain name that closely resembles the business name is also a must we are trying to run our service orders through online website. As far as the business model goes, it is a market full of similar service, hence similar business models. Getting a copyright to a business model that everyone knows about is not very beneficial. However, I think the business will have a good number of trade secrets including distribution methods, customer profiles, and advertising methods. As the business aims to gain reputation through advertising agreements with local stores