Victory State Bank Asks, ‘Is Your Business Ready For Growth?’
STATEN ISLAND, N.Y. – Small businesses experiences problems both internal and external that can prevent them from growing. Sometimes the biggest obstacle to growth is the business itself!
Victory State Bank encourages small businesses owners to look over the following strategies, which can help break through some of the most common barriers to growth of small businesses.
1. Watch the indicators for growth
Before you embark on any growth strategy, step back and take a look at some key business indicators to help you decide whether you are actually ready for growth!
Are you successful in a current market and want to open a new location? Are you about to clinch a big sales deal? Is your sales pipeline full? Is product development success opening the door to new opportunities?
These are all important indicators that will drive growth and should be constantly monitored to ensure you are able to effectively prepare for that growth. Study your pipeline, conversion rates and market trends in dashboard form every day.
2. Keep one eye on your competition, but always think big picture READ MORE
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 .