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The Virtual CPA Success Show: Episode 82
Our host and Summit’s Director + VCFO, Jamie Nau, Adam Hale, Partner at Anders CPAs + Advisors, and Paul Rhea, Director + Strategic Growth at Anders CPAs + Advisors, debrief a trending topic in banking news, Silicon Valley Bank (SVB). They discuss the importance for businesses to remember the value of safety and diversification and the importance of diversifying funds and understanding the risk versus return.
Episode Notes:
“Any business, whether it's startup, tech, any business across the board, should really have a strategy of diversification of the funds that they don't particularly need on a 90-day basis to a six-month basis. If they've got that cash flow, let's start to diversify the rest of those funds.” –Paul Rhea
The finer details of this episode:
- Risk vs. Reward: Diversifying funds for optimal returns
- Exploring strategies for diversifying excess cash
- Bank protection strategies for business owners
- Bank security and diversification strategies
Episode resources:
- Summit CPA website – summitcpa.net
- Email us with questions – vcfo@summitcpa.net
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The Virtual CPA Success Show for Creative Agencies 🎙️ by @SummitCPAGroup:
Episode 82 - Silicon Valley Bank: What Small Business Owners Need to Know 👉
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