Succession

Succession planning however should begin as early as possible. Succession planning isn't just about the future. It can add real value measured in present day dollars and increase liability protection providing a peace of mind about securing your future and your legacy. Aligning your investments with your social and environmental values. Realize your vision for the future requires a careful crafted plan and the knowledge, guidance, and resources for a structured and experienced result. Investing involves risk. There is always the potential of losing money when you invest. Past does not guarantee the future. Perhaps you started the venture as a sole proprietorship and entity. Agreements were never prepared or fully executed. Without them the fate of your business could be determined by your will a prenuptial agreement or the laws of your state. Critical succession planning should you consider designating fiduciaries.. Such as trustees with business experience to oversee the following alongside members or investors to implement. If you have to keep the investment in the family or you're an entrepreneur with a sale or IPO as the end game. Its going to take time to identify nurture and establish future endeavors. Add the complications of investors dynamics, the needs of other stakeholders and the importance of documenting changes in your plans and the process may become very involved. Giving the time and care it deserves. All of this before you expanded or even you contemplated an exit. The sale of a company is more like a marathon than a sprint. Sketching out my personal goals. Create a succession plan tailored to your circumstances. 1) provide general information 2) ideas 3) strategies 4) individual facts/circumstances. "Does an artist think about the price they will sell a painting for when they create their work?". You started it---you manage it every day. Now make sure you're prepared for tomorrow. Running your own investment is often more than a full-time job. So-called business hours, demand focus on your product world-production-people-customers-, while the rest of the day--and overnight--is devotion. Thoughtful management can help your business thrive right along with your personal life. Following authors and their candid streamline of writing. To get new releases, updates, plus improved recommendations. Creating something out of nothing and sustaining its demands, courage , hard work, perseverance, personal sacrifice and financial risk. Tax consequences of different sale structures. Years of careful planning go into making a company a success. To investors its simply a labor of love. Trust is not exactly the same as faith which is the gift of God. Ephesians 2:8-9 trusting is what we do because of the faith we have been given. Trusting is believing in the promised of God in all circumstances, even those where the evidence seems to be to the contrary Hebrews 11 talks about faith. The practical consequence of faith in God is trust, which we prove by living out our full acceptance of Gods promises day-by-day. It is by trust that we are promised peace. "You will keep in perfect peace these whose minds are steadfast because they trust in you (Isaiah 26:3). The classic verse regarding trust is Proverbs 3:5. Trust in the Lord with all your heart and lean not on your understanding. First it is the Lord in whom we are to trust, not ourselves or our plans and certainly not the worlds wisdom and devices. We trust in the Lord because He and He alone is truly trustworthy. His word is trustworthy. Psalms 93:5, 111.7, Titus 1:9. His nature is faithful and true. Deuteronomy 7:9, Psalm 25:10, 145:13, 146:6 and his plans for us are perfect and purposefully. Isaiah 46:10, Jeremiah 29:11. Because of Gods nature we are to trust in him with all our hearts committing every aspect of our lives to him in complete confidence. Finally we-are-not to trust in ourselves because our understanding is temporal, finite, and tainted by our signatures. Trusting in ourselves is like walking confidently across a rotten wooden bridge over a yawning. Chasm thousands of feet deep. Disaster inevitably follows. The man of God never stops trusting in God completely. His faith maybe knocked, he may stumble or he may fall into the foulest of sins but "though he stumbles, he will not fall, for the Lord upholds him with his hand". Psalms 37:24. The man of God knows that though trials will beset in this life, his trust will not waiver because that trust is based on faith in the promises of God. The promise of eternal joy with the Lord and the promise of an inheritance that " can never perish, spoil, or fade", 1 Peter 1:4., 1 Corinthians 16:7. For I will not see you now by the way; but I trust to tarry a while with you, if the Lord permit. 2 Corinthians 1:9. Yes, we ourselves have had the sentence of death within ourselves that we should not trust in ourselves, but in God who raises the dead. So, let's preserve and enhance the values of "investments" and our legacy. A chasm is a deep crack or fissure in the earth's surface. Like a gorge or a large difference between things or people. So you can refer to a gap in continuity or a breach in investment relations. We live to tell a tale. We borrowed from the Greeks the word khasma. Meaning "yawning hollow, gulf. A deep ravine. Its a physical opening in the earths surface. But it also describes a significant divergence in opinions beliefs or interests between people or groups panels, authors significantly. Its also s break or interruption in something such as chasm in time. It can describe a sundering or separation in a relationship as a result of a disagreement or conflict, like successions. A chasm is a division between two things in the Bible parable of the so-called " rich man and Lazarus" the, abyss "chasm" represented this division --one that could not be crossed. Quota. Hebrew conjugation tables --Pealim. The concept is the idea that a deep divide impedes the transition from the initial market to the mainstream market as seen in the market penetration of new products and technologies in the technology world. This keyword appears in marketing consultant Geoffrey A. Moore's book Crossing the chasm (1991). The "chasm theory," a marketing theory for the technology market, attracted great attention when it was first published. Innovators (2.5%) early adapters(13.5%) early majority(34%) late majority (34%), lagarde(16%), this is the law of critical mass. They are not interested in new technology or trends, new products and are unwilling to accept them. The most conservative demographics. So let's preserve and enhance the value of the "investments" and your legacy. Authenticity but having the sensation of your creations and knowing that artistry will be passed down and traits will be used for teaching far more educated professionals enhancing global communications. Follow your heart.