Farming is a journey with the inevitable ups and downs, smooth roads, pot holes, straight stretches and the odd blind corner.
The process of succession planning, on the other hand can lead to a destination, be it good, bad or ugly.
The last model relies on an environmental form of management to build state change. It is also longer term and rarely instant. Individuals and companies can work on state change by altering any of the three inputs to state.
In many situations this is entirely possible.
When small business owners dispose of active business assets, they may be entitled to disregard some or all of the capital gain by utilising the available Capital Gains Tax (CGT) concessions.
Jump to state model
It is absolutely possible to instantly change your mood (state).
Just consider the last time you felt amorous toward a partner, and it turned cold when they started discussing the neighbours, the news or your finances. Instant change.