Victory State Bank Highlights Useful Business Content Of Southern County Web Site
STATEN ISLAND, N.Y. -- All businesses have a life cycle. If your business operates on or near Staten Island, N.Y., its stages will be no different than an enterprise operating elsewhere in the nation.
As a result, useful business information is bountiful across the United States and available on many local government Web sites.
Victory State Bank came across an interesting Web site featuring the local government of Fairfax County Virginia. The site http://www.fairfaxcounty.gov, describes the progression of a business’s growth as having four stages: Start-Up, Growth, Expansion and Mature.
Here’s what the Web site has to say about the first stage: STARTING UP
Starting a business is described by many as the hardest thing they have ever done. There simply aren't enough hours in the day to complete everything. It can also be the most rewarding.
Starting a business is a daunting task. In addition to identifying your product or service, you must decide upon the legal form for your business, get the required licenses and permits, set up your accounting system, get a bank account, deal with employee and business taxes, find an office or place of business, arrange for appropriate insurance, calculate the cost of your product or service, arrange for adequate financing and learn how to market and advertise.
When you are first starting a business, there are a number of tasks that you must perform.
Listed below are some tasks that should be completed in the start-up phase:
· Evaluate your personal reasons for going into business
· Decide what type of business you want to start
· Set up the legal structure of the business
· Obtain necessary licenses
· Conduct market research
· Research and obtain financing
· Research and obtain necessary business insurance
· Create a business plan
· Plan the strategy for growing the business
· Find an accountant and lawyer
· Open a bank account for the business
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 .
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