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Category: Business Advisory Services

Love Can’t Be Blind: Preparing for a Business Transfer to Children or Insiders

August 15, 2022 by The Trust Company of Tennessee

Successful business owners do a lot of things well, and they make it look easy. This is often a sign of well-running processes and years of discipline. However, it can also be a trap for successful business owners who intend to pass their businesses … [Read more...]

How Much is Success Worth to You?

June 9, 2022 by The Trust Company of Tennessee

Running a successful business requires incredible amounts of effort, ingenuity, and capital. And when it comes to planning for the business’s future—both with and without the owner—many business owners ask, “What will this cost me?” Let’s look at the … [Read more...]

Getting Personal in Business Planning

May 24, 2022 by The Trust Company of Tennessee

It’s not uncommon to hear the phrase “Don’t take it personally” in terms of business decisions. But when you own a business, it’s difficult—if not impossible—to not take business decisions personally. After all, it’s likely that you, your family, and … [Read more...]

Keeping the Family Business Running and the Business Family Happy

April 27, 2022 by The Trust Company of Tennessee

Running a successful business is complex per se. Adding the element of “family” to a business often creates more complexities, especially as the business grows. Lifelong family bonds and expectations can run headlong into business realities and … [Read more...]

The Common Element Among Unique and Successful Businesses

January 25, 2022 by The Trust Company of Tennessee

Successful business owners may face a conundrum as they pursue success. “Though my competitors do something similar, they don’t do it the way I do it. So, how do I know the right way to achieve success, especially if I don’t do things their … [Read more...]

4 Improvements That Can Position Owners for Greater Success

December 27, 2021 by The Trust Company of Tennessee

Success is rarely linear. As a business owner, it’s important to both acknowledge that fact and create plans that can provide short-term results while having long-term impacts. Today, we’ll show you four areas in which strong planning and realistic … [Read more...]

Planning Is a Team Sport: Which Teammates Do You Need?

November 23, 2021 by The Trust Company of Tennessee

Talent wins games, but teamwork and intelligence win championships. –Michael Jordan You are a talented business owner. It’s why you win in your market. But when it comes to long-term planning, having an intelligent team to support your talents can … [Read more...]

Protecting Yourself Against Employee Risk

November 4, 2021 by The Trust Company of Tennessee

Successful business owners constantly strive for growth. And when everything’s humming along, it can be easy to think the good times will last forever. However, it’s crucial to protect yourself, your company, and your future against employee risk … [Read more...]

What’s the Point of Asset Protection?

September 24, 2021 by The Trust Company of Tennessee

As a successful business owner, you know how important asset protection is. However, many business owners look past an important question when protecting their assets: “Why am I doing this?” A cursory glance at that question might make an owner say, … [Read more...]

Connecting Your Personal Financial Plan and Business Continuity Plan

August 6, 2021 by The Trust Company of Tennessee

Owning a successful business is a constant exercise in planning. Many successful business owners have already committed to personal financial planning, including investing and providing financial security for themselves and their … [Read more...]

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