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There are many things you need to know when you are starting or growing your business. One thing that I feel is crucial to the success of your business is the vision that you have for it. Where do you see your business in a month? How about 3 months? A year? 5 years? Running a business is hard and sometimes you need to focus everything on getting through the day. Sometimes, you have to make many decisions quickly to satisfy your users and customers. However, you do need to take time to create your vision and reflect on it.
Why you need vision
Without an overall vision, how do you know if you are making the right decision for long term success? When making short term decisions and plans, it is easy to only focus on what you are currently working on. However, you can steer the business the wrong way if you are not making those plans and decisions while keeping the vision in mind. For example, what if you have created a small time tracking service? You may be receiving hundreds of requests from your customers and users. In addition, you may be facing several problems and reported issues.Without an overall vision, how do you know if you are making the right decision for long term success? Click To Tweet
If you only base your plans on what is immediately requested, you may work on projects that you will have to re-create or throw away later on as you introduce new features. Another example would be if you are running a service business and you are considering adding a new plan or new offering. You should reflect on your vision to see how this will fit into your vision of the business a few years from now. You may discover that this new plan does not align with your goals for the business.
Things to consider when outlining your vision
Now that I discussed why you should have a vision, you may be wondering what your vision should be like and how detailed it should be. The vision isn’t meant to be an exact plan. This is because things may come up later that changes your business model, structure, or plans. However, the vision should be a guiding principle. For example, if you started a nutrition blog, your long-term vision may be to have a large community of people sharing nutrition ideas. This vision will help you make decisions and plans. If you see another nutrition blog start offering a paid service for designing meal plans, you may consider doing the same. However, you will want to consider if this service will help you grow your site into the large community of nutrition sharing people. So, when outlining your vision, keep it simple but consider items such as the size of your business, the size of your audience, and the channels you want to use to acquire and communicate with your audience.
Changing your vision of the business
There will be times when you may consider changing the overall vision of the business. You may see another business offering services that you think will be beneficial to your customers. Or, a user may make a feature request that you feel many of your users will greatly benefit from. After validating your feature or service idea, this is the time to reflect on your vision. It may be beneficial to some of your users, but will it be beneficial to most of them? Will it help you move towards your vision of the business? If so, that’s great. If not, you may want to consider not going that way. However, you can decide to shift your vision in order to begin offering that service or creating that feature. That’s okay. It’s your business and you can shift the vision to suite what you want. However, do not fall for the “shiny object syndrome” where you are constantly chasing the next shiny object. Reflecting on your current vision to see if you should shift is crucial to ensure that you continue down the right path for you and your business.
I would love to hear about the vision for your business! Comment below to share it with everyone.