I continue with my little obsession for using geometric figures like circles, triangles, squares, rectangles, rhombus etc.?
Whether one believes in the theory of birth & re-birth or not, one has to understand that both Life & Money get transferred / transmitted, after our life ends in this form ??♂️
That’s the ultimate truth
Everyone knows this truth but majority behave as of it’s not going to happen. Another truth ?
Bottomline…
Succession planning is so critical yet many fail to implement it. Even for those few souls who execute the same either during their life time or plan to, after their life…it’s embrolied in so many complex structures that it’s difficult to manage the transmission in a smooth way.
How can we overcome these challenges?
The legal / regulatory / government policies & laws are to be dealt in any case but what do we do for a possible internal family conflict or for sustainable wealth generation after generation
Ensure to have 2 things laid out in clarity & try to raise the children with –
Chromium solid Principles
&
Diamond studded Values
If we get these 2 bases right in their place, the Succession of family Assets falls in place automatically.
The right way, a million rupees in succession can get to a billion for the subsequent generation / or atleast it’ll not be destroyed
but
If we don’t get it right…give a billion in succession & it’s going to get destroyed in no time ?
Get the bases right, the top line will take care of itself