Building a co-operative requires a lot of planning and development of documents, policies, and procedures. These steps can be a bit tedious, and even boring. However, early planning stages will require shareholders to think big about what they want the co-op to be. Creating mission, vision, and value statements can be one of the more engaging steps in co-op development that often allows shareholders their first tangible contribution to the co-op. This tool helps clarify the purpose of mission, vision, and value statements.
The mission statement simply explains what your co-operative does. This statement should be concise and serve as a one-line overview of why the organization exists. It should convey a clear purpose and direction for the organization, offering something to work towards. Everything the organization does should be in service of this mission.
The vision statement is less direct than the mission statement and is usually more aspirational and inspirational. For many organizations, a vision statement captures an ideal outcome or a societal goal that we need to work towards together.
A values statement may contain multiple values that demonstrate the priorities for the co-operative and identify how it will conduct business. The vision statement speaks to the nature of the co-operative and should be reflected in the work that it does.
Need a business plan? Start here. The Biz Plan Creator is an easy-to-use and helpful tool. Designed to guide you through the process, the Biz Plan Creator offers a user-friendly platform and clear advice at every stage. Plus, it includes a secure account and customized branding of your plan. So, you can leave and come back to your plan as needed. And when you’re done, a branded PDF business plan ready for investors and financiers is your reward.