Studio Compound

    I'm beginning to plan construction of a new Studio compound. I have numerous component of this that I have designed over the years, but lately I have been strongly believing that Image of the Mind Studios needs to be settled into another facility with room to grow. The present location has limitations that are becoming increasingly apparent. Of course the real issue here is that I have already had twelve different studio spaces, all of which were adapted spaces. For many years I have wanted to build a studio space (compound) and as a process of moving in that direction, I have designed assorted building/ground plans for "The Theatrical Development Centre". 

   Now, I thought that the present location would be my final resting place in this regard, but, as much as I hate to even think it, I'm believing that a new mission in this regard is appropriate. Why would I say that? I've spend many years setting up this studio and thusfar I have not achieved the goals I set for this studio setup. I'm believing that I will not be able to achieve those goals, because numerous circumstances point to complexities that are prohibitive. 

   So, keeping this in mind, I believe that a restructuring of the business operations would best serve the long-term  survival of IMS. There is a well thought-out structure that is part of the Business Plan and I now believe that introducing the construction of a new facility into that Business Plan, along with the Board of Directors management is the best approach. I say this because I need to start getting serious about passing Image of the Mind Studios onto the next generation of management. The operation needs to pass from a Proprietorship onto a Corporate operation. There are numerous reasons for this, which I will in detail discuss later, but suffice it to say that the Development end of things works better without the larger complexities of managing a corporation. 

But here we are facing a restructuring which works better under a corporate umbrella and along with that, the larger mission of facilities development can better serve the corporate management activities if the environment is newly prepared for that corporate departmentalization.

  All of these thoughts will be addressed in detail in the expanded Business Plan, but one factor that is a absolute is that the Board of Directors (in fact, more than one Board) will be based on a "Buy-in". As it stand now 42% of the shares in Image of the Mind Studios will be sold to six board positions. Divisions will be funded separately and structured under the larger umbrella.

   I will discuss this with interested parties, understanding that the Buy-in to the Board involves seven figure numbers at minimum.

  I have a private blog whereby I am beginning to transfer the existing plan Business Plan, so this can be easily available for review. 

AG