Build Vision
8 Questions
1. What are your core values?
This is a collection of fundamental principles that guide your organization's culture and behavior. These values should be clearly defined and consistently demonstrated by all employees.
Example:
- Integrity: Honest and ethical conduct in all business dealings.
- Innovation: A commitment to creativity and continuous improvement.
- Customer Focus: Prioritizing customer needs and satisfaction.
2. What is your Core Business?
If core values determine "Who we are?" then the Core Business will help you identify "What do we focus on?
It consists of two elements:
- The reason, the purpose or passion when starting-up the business.
- The niche - meaning the market where your business serves best.
Example:
3. What is your 10-year target?
Establish a long-term, ambitious goal for your business. This vision should inspire and motivate your team.
It can be expressed quantitatively or qualitatively.
Example:
- Become the leading provider of renewable energy solutions in Asia.
- Achieve a market valuation of $100M.
4. What is your Marketing Strategy?
This section is made up of four key elements to identify your target customers and how to reach them:
1 – Target market: Identify the characteristics of your best customers (who they are, where they are, and how they think)
2 – Three uniques: Highlight the three key factors that differentiate your business from competitors.
3 - Proven process: Map out the customer's experience from initial contact to post-purchase.
4 – Guarantee: Clearly communicate the benefits and value your product or service offers to customers.
Example:
- Target market: Urban professionals aged 25-40 who prioritize health and wellness.
- Three uniques: High-quality, organic ingredients, personalized nutrition plans, and certified health coaches.
5. What is your 3-Years picture?
This section is where you create a vivid image of exactly what your company will look like, feel like and be like in 3 years. It contains just a handful of numbers:
- Revenue;
- Profit;
- Measurable(s);
- 5 to 15 bullets that “paint” the picture of your company.
Example:
Revenue: Increase annual revenue by 20%.
Profit: Achieve a net profit margin of 15%.
Measureables:
- Acquire 10,000 new customers;
- Market Expansion: Expand into two new regional markets.
6. What is your 1-year plan?
This is where we start to take the Vision down to the ground.
The 1-Year-Plan defines your objectives for the year, crystallizes your:
- Revenue target,
- Profit target, measurable(s),
- 3 to 7 goals for the year.
Example:
Revenue: Increase annual revenue by 10%.
Profit: Improve net profit margin by 5%.
Goals:
- Product Launch: Launch a new product line.
- Team Expansion: Hire 5 new team members.
7. What are your Priority Objectives for the quarter?
Break down the revenue, profit, and performance metrics from the annual plan to the quarter.
Then, identify and fill in 3 to 7 priority goals that the company must accomplish within 90 days to achieve the annual objectives.
Example:
8. What are your company’s issues ?
Fill in the table with a list of obstacles that may hinder your business from achieving its vision, or things that can help you get to the vision faster.
Example: