STUDIO UPDATE;
Facility issues are interfering with progress on numerous fronts. Some of these pertain to zoning and municipal management, others are spacial (in that expansion possibilities are limiting) still others are matters of legal manipulation, which can only be circumvented by succumbing to a payoff and accepting falsification by other parties connected to the facility (but not IMS), as offensive as that is, but that issue must be resolved first. We are not free to advance further with studio operations because of these problems.
The best approach to resolving the legal issues is to buy out the parties causing the problems. To do so, I need to gather $1M of working capital. This may happen via Licensing or business loans. I make this point to encourage participation in order to gain the freedom to advance at the present location or begin to build a new facility. Contact me if this applies.
If I cannot solve the problems at this facility (as mentioned) IMS will need to move to another facility and thus absorb the cost in time and money to build, move and setup again. This would be a very costly endeavor and interfere greatly with all the progress that has been previously reported.
Theatrical Development Center
This is a long term project of IMS. It has now become a goal that is tied to selling Image of the Mind Studios. I am now pushing 72 and realistically, I have a limited amount of time to continue with this work. Therefore, I am seeking to sell Board positions in the restructuring of IMS, with one of the goal of restructuring being the construction of a new Studio Compound along with a shift of management into a corporate Modus Operandi. To begin this process I will be building a Seven member Board of Directors, with myself being The Chairman of the Board.
The objective of this Board of Directors is to implement the Business Plan that departmentalizes IMS and takes it operation to a new level of functionality.
More on this subject on the blog IMS Management, to which I will be transferring and refining the Business Plan. I invite discussion with parties capable of buying onto the board with a seven figure number. AG
ARCHIVE:
I'm beginning to plan construction of a new Studio compound. I have numerous components 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