One vision for the group or each business should have a vision?

The Business group is a great way to meet your business to business target market. I have observed 3 common reasons for why so many groups fail. 

Number One: Bad leadership is probably the primary reason for the failure of a group. Unless the leadership is ethical and results driven, the group will eventually wither away and die. Number two: clique formation within a management team. Number three: Conflict or lack of vision within businesses. These business group are formed to increase sales and grow rapidly but unfortunately on a majority it’s not the case.

Your vision for your company should not be so restrictive that it limits your team’s imagination.

Often after the success of start-up many companies failed in establishing a successful group of companies. You do need to develop an overall vision for your company -- one that is strongly supported by a more targeted strategy at each business that falls under your umbrella. The two things are not mutually exclusive, but complementary: One should not override the other.

 Starting up a business is always an adventure, and not everything comes together for every entrepreneur in the same way. As you face the challenges of keeping your business going, you may find that your vision for the company needs to be adjusted as you go.

Looking back, your goals should change and expand over time, but there is a key element that should be common to all of those businesses. The strategy varies in most instances - by offering better prices, improved products, great service or by raising awareness of key issues -- but ultimately businesses should bound together by this common purpose.

The fundamental to achieve continuous success is to remain extremely focused on your vision.

When you are establishing a group of businesses, you must avoid imposing control from the top. I experienced that If you will stifle your management teams, preventing them from establishing truly differentiated businesses, each with its own strong sense of purpose and distinctive vision.

 Instead, you must learn to delegate since there is no way you will be able to keep on top of each business’s particular challenges. During my work tenure, I learned to delegate some control to teams. If you delegate some control this has enabled you to focus on the bigger picture while teams ensure that they maintain focus on providing great quality service and achieve results.

Key Note

* Need to develop an overall share vision for your Group

* Differentiate businesses, each with its own strong sense of purpose and distinctive vision