Small-business owners have been known to describe business plans in the most colorful terms. Since a business plan requires a huge time commitment, it's understandable why you may have heard it ...

Wes Streeting's NHS 10-year plan is not fit for purpose as it lacks a solid strategy for essential staffing improvements.

Your business plan can be used for several things, from monitoring your company’s progress toward goals to enticing key employees to join your firm. Deciding how you intend to use yours is an ...

Related: Why a Purpose-Driven Business Is the Real Key to Success. Passion gets you started; purpose keeps you going. Building a business purely out of passion can be exciting, ...

Despite operating in vastly different markets, each has successfully leveraged purpose as a core business strategy for growth ...

Strategic planning is crucial for a business as it creates a map to follow and course-correct if necessary. The first part of a strategic plan is the business plan that outlines the purpose of the ...

7. Embed a Sense of Purpose Throughout the Organization. A purpose-driven organization is innately inspired to deliver on the future promise articulated in the company's vision and mission statements.

The company says it's part of a restructuring agreement that will eliminate nearly $5 billion in debt and give its creditors ...

The business itself has the same structure — for example, it could still be an LLC or a C corporation — but instead of being owned by individuals or shareholders, it’s now owned by the trust.

This will help you ultimately craft a comprehensive description of your company’s purpose, embed it in your organization, and develop a plan to support it. Make your mission easy to understand.