The Financial Lessons of 2008 and Your Business

Brian Weckman – Chief Financial Officer & Partner, Electric Ease

This week we’re kicking off a blog series talking about the business effects and lessons of the financial crisis and Great Recession of 2008.  If you lived through that period as a business owner, you undoubtedly have a several scars and a few memorable stories that will stick with you for the rest of your life.

In addition to being the Chief Financial Officer and partner in Electric Ease, I also founded my own independent financial advisory firm back in 2001.  My firm was founded with the goal of delivering a high level of financial expertise to small- and medium-sized business owners.  To this day, I enjoy diving into the financial workings of business owners and their family finances.  As business owners, we all know how unique our individual situations are and how difficult it can be in dealing with the financial side of things.

Over the next several weeks, we’ll be talking about some of the issues that aren’t always on the top of your mind as you operate your business, the issues that can have a HUGE negative impact on your business if ignored and some easy tips on how not to get painted into a corner when dealing with banks and credit unions.

Here’s a sneak peek at the topics that we’ll be covering:

  1. Business Lines of Credit & HELOCs
  2. Credit Cards – Balances, Payments & Transfers
  3. Saving & Investing – Inside & Outside of Your Business

If you have any specific questions related to your business, please feel free to reach out to me at brian@electric-ease.com.