Victory State Bank Lists 4 Ways to Grow a

Small Business

 

STATEN ISLAND, N.Y – When it comes to New York commerce, Victory State Bank knows how important the role of small businesses is to our economy.

For those of you who have successfully started a business and want to further its growth, you will need to consider the type of business you own, your available resources – and how much money, time and resources you are willing to reinvest.

The Small Business Administration (SBA) suggests the following three things to consider when you are ready to take the next step in expansion:

 

1) Open Another Location. This is often the first way business owners approach growth.

2) Offer your business as a franchise or business opportunity. Franchising your business will allow for growth without requiring you to manage the new location.

3) License your product. This can be an effective, low-cost growth medium, particularly if you have a service product or branded product.Form an alliance. Aligning yourself with a similar type of business can be a powerful way to expand quickly.

4) Diversify. Diversifying is an excellent strategy for growth, because it allows you to have multiple streams of income that can often fill seasonal voids and, of course, increase sales and profit margins.

 

 Here are a few of the most common ways to diversify:

 

  • Sell complementary products or services
  • Teach adult education or other types of classes
  • Import or export your own or others' products
  • Become a paid speaker or columnist
  • Target other markets.
  • Merge with or acquire another business. Two is always bigger than one. Investigate companies that are similar to yours, or that have offerings that are complementary to yours, and consider the benefits of combining forces or acquiring the company.
  • Expand globallyTo do this, you'll need a foreign distributor who can carry your product and resell it in their domestic markets. You can locate foreign distributors by scouring your city or state for a foreign company with a U.S. representative.
  • Expand to the Internet. Very often, customers discover a business through an online search engine. Be sure that your business has an online presence in order to maximize your exposure.

 

Victory State Bank reminds you: With an effective growth strategy, your business will succeed.

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

 

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

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Victory State Bank Points to Insurance Scam Warning

 

Victory State Bank would like to provide the following warning from the Federal Trade Commission:

 

Many people are ready to enroll in the Health Insurance Marketplace, allowing them to choose health coverage that meets their needs and budget.

Unfortunately, there are scam artists ready to take advantage of you. They ask for personal information and other details to then take your money.

The Federal Trade Commission has already received reports about scams in which people call to offer discounted health plans and enrollment discounts.

Protect yourself against fraud

Follow these guidelines to protect yourself against fraud and scams:

  • Ignore calls from people who say they’re government officials who want you to verify or give out personal information.
  • Identify the types of calls from scam artists to reject them.
  • Do not respond to calls from people offering to help you choose or enroll in a health insurance plan.
  • Avoid sharing your bank account, credit card or Social Security number to people who say they’re with the Health Insurance Marketplace.

To report a scam or report someone for fraud, you can file a complaint with the Federal Trade Commission or call 1-877-382-4357.

 

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com. .

 

Media Inquiries: 

Relevant Public Relations, LLC

Headquarters: 718 682 1509

www.RelevantPR.com

Mobile: 917 715 8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 


Victory State Bank Points to 4 steps to getting covered in the

Health Insurance Marketplace

 

STATEN ISLAND, N.Y. – Understanding the new health coverage changes can be confusing without help. Victory State Bank would like to provide you with the following guide from The U.S. Centers for Medicare & Medicaid Services:

You can apply for health coverage, compare all your options, and enroll in a plan in one streamlined application through the Health Insurance Marketplace. When open enrollment begins October 1, 2013, you can fill out your application and see the health coverage options available to you.

 

1. Create an account

First provide some basic information. Then choose a user name, password, and security questions for added protection.

 

2. Apply for Marketplace coverage

Enter information about you and your family, including your income, household size, and more. Use this checklist now to help you gather the information you’ll need.

 

3. Pick a plan

Next you’ll see all the health insurance plans and programs you’re eligible for and compare them side-by-side. You’ll also find out if you can get lower costs on Marketplace coverage.

 

4. Enroll 

Choose a health insurance plan that meets your needs and enroll! Coverage starts as soon as January 1, 2014.

If you need help with your Marketplace application, there are people trained and certified to help you understand your health coverage options and enroll in a plan in every state. And remember that you can contact us anytime by phone or live web chat for help with a Marketplace question.


 

About Victory State Bank: 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com. .

 

Media Inquiries: 

Relevant Public Relations, LLC

Headquarters: 718 682 1509

www.RelevantPR.com

Mobile: 917 715 8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

  


Victory State Bank Reminds All To Save For Retirement

 

STATEN ISLAND, N.Y. -- With the average American spending 20 years in retirement, financial security doesn’t just happen overnight. With this in mind, Victory State Bank is reminding business people and consumer alike that saving money is a healthy habit.

 

When it comes to planning for your future, the course of action must include a strategy, commitment and money.

 

The United States Department Of Labor lists the top 10 ways to prepare for retirement:

 

1.Start saving, keep saving, and stick to your goals

2.Know your retirement needs

3.Contribute to your employer’s retirement savings plan

4.Learn about your employer’s pension plan

5.Consider basic investment principles

6.Don’t touch your retirement savings

7.Ask your employer to start a plan

8.Put money into an individual retirement account

9.Find out about social security benefits

10.Ask questions

 

These tips are meant to point you in the right direction, as Victory State Bank reminds you saving money is key to a successful retirement. 

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

 

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Urges You To Take The First       

Step In Protecting Your Child’s Identity


 STATEN ISLAND, N.Y. -- As safety reigns most important to every family, Victory State bank emphasizes proactive parenting to minimize child identity theft.

 

A thief can steal your child’s identity and use it to get a job, government benefits, medical care, utilities, a car loan and even a mortgage.

 

Onguardonline.gov provides several signs that can tip you off about someone misusing your child’s personal information and committing fraud:

 

  • Bills or notices for products or services you didn’t receive including medical care

 

  • Being turned down for government benefits because the benefits are being paid to another account using your child’s Social Security number

 

  • A notice from the Internal Revenue Service stating the child didn’t pay taxes on income or the child’s Social Security was used on another tax return

 

Victory State Bank reminds you it is never to late to take the first step in protecting and preventing your child’s identity.

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

 

Media Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.