Going Green Can Help Cut Business Expenses


Staten Island business bank says greenbacks pile up as discards diminish


STATEN ISLAND, N.Y.  – Although it has become socially correct to embrace environmentalism, the hard reality is that its precepts can save money for a small business.

In advocating the profit incentive, Victory State Bank, Staten Island's business bank, sees benefits for owners who need merely to make small adjustments in how they minimize what goes into the trash.

In fact, the federal Small Business Administration promulgates what Victory considers to be sensible quick tips for owners to save a potential bundle.

Being “green” or environmentally friendly, the SBA says, is probably not a new idea to you as a small business owner. In the last few years especially, the discussion of green business practices, services and products has become so prevalent that it’s often no longer the exception – but expected – to run a more earth-conscious operation. Consider these ways to green your business and, in the process, reduce unnecessary spending.

Reduce travel with virtual meetings

Do you find yourself traveling for business or to meet clients? Consider reducing the number of in-person meetings you might do and go virtual instead. You’ll reduce your fuel consumption, which is good for you and the environment. Plus you’ll save money with all the free online conferencing tools available. A number of free and low-cost web-based sharing sites have features that allow you to video conference, share screens, use text chats, upload documents, simulate a white board and more. An added bonus? Think of the time you’ll save by not hitting the pavement.  

Ditch the disposables (cups, cutlery, etc.)

Did you know that in just one year, the average American office worker goes through around 500 disposable cups? It has also been reported that Americans throw out enough paper disposable cups, forks and spoons every year to circle the equator 300 times. 

Instead of supplying the office with paper and plastic goods for coffee and lunches, switch to cutlery you’ll keep. Sure, you might spend a few more dollars up front establishing a stock of cups, plates and silverware, but you’ll make that money back and keep more trash from landfills. Looking for an even better deal? Visit a discount or thrift store to score your new kitchenware for less than you might pay otherwise.

Save energy – with paper!

Sure, you’ve heard about using sleep modes for devices and unplugging when electronics aren’t in use. But did you know that your business's paper use is another area to save energy? 

Use double-sided printing and copying. Even better – distribute or reference documents electronically instead, if possible. When making your paper purchases, select products with a high recycled content; then continue the trend and recycle as much of it as you can when you’re through.

This is just the beginning of what you can do to have a “greener” business operation. For more tips and insight, check out SBA’s energy efficiency and green business guides. From energy savings calculators to industry-specific materials and more, you’ll find a wealth of information about being an environmentally responsible small business owner, the SBA says.



About Victory State Bank

VSB Bancorp, Inc. (OTCQB: 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.

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