August 28, 2024

The Day Silicon Valley Bank Died

On this episode of the Gross Profit Podcast, James Kennedy sits down with Julia Leask, a seasoned Fractional FD/CFO at Leask Advisory Solutions. Julia shares her firsthand experiences and valuable insights from the collapse of Silicon Valley Bank, discussing the vital lessons learned during that tumultuous period.
The Gross Profit Podcast
The Gross Profit Podcast
The Day Silicon Valley Bank Died
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Show Notes

This week James Kennedy speaks with Julia Leask, a seasoned Fractional FD/CFO at Leask Advisory Solutions. Julia shares her firsthand experiences and valuable insights from the collapse of Silicon Valley Bank, discussing the vital lessons learned during that tumultuous period.

About Julia Leask: Julia Leask brings over two decades of financial expertise, primarily aiding innovative businesses in navigating complex financial landscapes. As a Fractional FD/CFO, Julia has a proven track record of enhancing financial management and strategy for a diverse range of companies. Her experience spans several industries, providing her with a robust understanding of financial crises management, strategic planning, and risk mitigation.

What You’ll Learn:

  1. Crisis Management: Julia’s account of managing financial stability during the collapse of Silicon Valley Bank and the immediate actions taken to safeguard client assets.
  2. Importance of Cash Management: Discussion on the critical role of effective cash management and contingency planning in times of financial uncertainty.
  3. Spreading Financial Risk: Insights into the strategies for diversifying financial risk across multiple institutions to prevent significant impacts from unexpected financial disruptions.

Episode Highlights:

  • “Julia, can you walk us through the scenario planning that took place during the Silicon Valley Bank crisis?”
  • “What are some key strategies you recommend for businesses to manage cash flow effectively during a crisis?”
  • “How important is it to spread financial risks, and what practical steps can companies take to mitigate these risks?”

From Julia’s Perspective: Julia emphasizes that understanding financial data profoundly and preparing for potential financial disruptions are crucial. Her expertise has enabled numerous businesses to not only survive but thrive by implementing robust financial strategies and maintaining flexibility in their financial operations.

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The Gross Profit Podcast

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