Forbes published Business Plan, Mission or Vision? – Have All Three, discussing the importance of having, and the differences between, a Business Plan, Mission, and Vision.
A financial plan simply describes the finish line (or the lap marker) and provides sign posts along the way. A vision, on the other hand, tells you the kind of vehicle you’ll use, how you’ll navigate the course, what you’ll do when you get there. And a mission tells you why you’re making the journey in the first place.