THE MISSION STATEMENT:

A mission statement is what separates one business from all others within the same industry.  It gives the company a unique identity. In generally, the mission statement answers who you are, what you do, and where you plan to be in the future.

Below identifies the two main components which are necessary in developing a mission statement.

1)    Defining what business your organization is really in;
2)    Defining your long-term objectives.

Let's look at each component separately.

BUSINESS INSURANCE

The types of business insurance certainly depends on the nature of the business.  To best determine your business insurance requirements, please consult an insurance agent and/or insurance broker.  Below offers various examples of business insurances.

General Business Insurance (Liability)
General liability covers negligence causing injury to clients, employees, and the general public.

C)   Licenses, Permits, Inspections and Taxes:

102. Does your product meet all government standards? What standards apply, if any?

103. Are you required to charge municipal, state/provincial, and/or federal sales taxes?

104. Have you contacted the approximate government entities to acquire the necessary tax forms for registering?

105. Does your business require any special tax, licenses, permits or inspections?

BEHAVIORISTIC VARIABLES:

Behavioristic Segmentation divides the market into groups based upon variables such as occasion, benefit sought, user status, user rate, loyalty rate, readiness stage, and consumers attitude. Below depicts examples of Behavioristic Segmentation Variables. Which Variables apply to your particular product/business/customer?

Purchase occasion - Regular occasion, special occasion.

Benefits sought - Quality, service, economy.