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Iowa Diamond TalkShop Video Transcript

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Man sits at desk, slowly lifts diamond with tweezers, holds up to magnifier positioned directly in front of eye. Text, Chuck Kuba, President of Iowa Diamond, U.S. Bank Customer.

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We follow the philosophy that if you do the same thing that everybody else does, you should expect the results that everybody else gets.

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U.S. Bank presents hashtag talk shop. words spelled out in perfectly aligned round diamonds

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My name is Chuck Kuba, I'm president of Iowa diamond and a U.S. Bank customer.

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Glass door swings slowly closed, Iowa Diamond, Suite 215

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Iowa Diamond's different because we don't have a showroom.

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Young couple seated across table from man in tie, several diamond rings in a presentation case between them.

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We had competitors saying we wouldn't last three months, and we've been in business now 20 years.

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Man wears double magnifier around forehead and over eyes, holds diamond ring with long tweezers. Text, Find a good financial partner.

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It is impossible to run a business without a good financial partner. I needed to get a laser welder. I talked to U.S. Bank, and they got the ball rolling within 24 hours.

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Text, Know the business you're getting into.

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If you're thinking about getting into a business, make sure you're going into a business that you know. Don't try to learn on your investment. Learn and then get the investment.

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Man with magnifier holds side of ring to spinning polishing wheel as Kuba watches

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I don't think that there is a business today that the most important element isn't cash flow.

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Text, Manage your cash flow.

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We could go a month or two months where it seems like nobody's showing up. That takes cash flow.

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Text, success is loving what you do.

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If you get up in the morning and your job satisfaction is coming from what you do, not by how much you make, you're probably going to be extremely successful at it.

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Kuba holds diamond close to eye. Logo, U.S. Bank, the power of possible. Equal housing lender. Credit products are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association, Member FDIC

How Iowa Diamond took a different path to business success

A jeweler talks about beating the odds

Tags: Business loans, Cash flow
Published: November 28, 2018

Iowa Diamond has always done things differently. Forgoing the traditional showroom, competitors said they wouldn’t last three months. After 20 years in business, Chuck Kuba says that success starts with knowing your business and loving what you do, but it goes further with managing cash flow and having a good financial partner.

 

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