Start Saving with a U.S. Bank® Visa® Business Card
Give your small business more buying power with the U.S. Bank Visa Business Card. It's more than a credit card; it's your business management tool. New U.S. Bank Visa Travel Rewards Cardmembers receive 0% APR** for the first six months on purchases and a great variable rate even after the introductory rate expires. Apply today!

Check 21: What Does It Mean for Small Business Customers?
In October 2003, President Bush signed into law the Check Clearing for the 21st Century Act, also known as Check 21. The law goes into effect for the entire United States banking system on Oct. 28, 2004. The intent of the law is to increase the efficiency of the nation's check clearing system by permitting banks to remove original paper checks very early in the settlement process, and make electronic processing of checks much easier.
Find out how Check 21 will affect you.

Coming Soon: Image Technology!
U.S. Bank is paving the way to providing greater service and convenience to small businesses with state-of-the-art image technology. Beginning in August, our small business customers can choose to receive a formatted page of the front of cleared checks in their monthly statements. The new format is crisp, easy-to-read and makes organizing cancelled checks simple. Learn more about image technology or find a U.S. Bank team member to help answer your questions.


Succession Planning: Who Controls the Key to Your Company's Future?
Many business owners neglect an important step in the long-term planning of their business: ownership transition. Business succession planning may be one of the most crucial elements to the long-term survival and continued success of your business. Only 35% of successful family businesses survive through the next generation, so it's important to plan carefully for the inevitable transition.
Get details.

Economic Update
by John Mitchell, Ph.D., U.S. Bank Economist

The late spring of 2004 has seen a surge in employment including a 248,000-job gain in May and upward revisions to the already strong numbers in April and March. The April to May job net job growth was widespread with all sectors gaining except government. The GDP growth rate for the first quarter was revised up to 4.4%. Leading indicators, the Institute of Supply Management indices and low inventories, suggest that the growth will continue.
Get the whole story.


 
How to Avoid Common Decision-Making Mistakes
Recently, the Small Business Administration (SBA)* published an article with information to help small business owners become better decision-makers. One of their tips was identifying common decision-making mistakes and how to avoid them. By learning about these pitfalls now, you will be able to avoid them in the future.
  • Relying too much on "expert" information. Remember, experts have biases and prejudices just like the rest of us.
  • Overestimating the value of information received from others. People have a tendency to overestimate the value of certain individuals in our society and underestimate the value of others.
  • Underestimating the value of information received from others. Whether we realize it or not, we also have a tendency to discount information we get from individuals such as children, low status groups, women, the elderly, homemakers, blue-collar workers, artists, etc. If you find yourself discounting the information you receive from anyone, ask yourself "why."
  • Only hearing what you want to hear or seeing what you want to see. If we have expectations or biases that we are not aware of, we tend to see what we want to see (or not see what we don't want to see). The key is remaining open to everything that comes your way.
  • Not listening to your feelings or gut reactions. This is your body talking to you. By tuning into your intuition, you'll make much better decisions in the long run.

*We've also found another site that provides helpful small business and financial information. By clicking on this link, you will leave usbank.com. U.S. Bank is not responsible for the content of or products and services provided by this site nor does it guarantee the accuracy of information contained in this site. The link will direct you to another Internet site containing information that may be useful to you. This site is not controlled or endorsed by U.S. Bank.

**0% introductory APR effective on purchases for the first six months, variable rate thereafter. As of 6/2004, the variable APR for purchases is between 7.9% and 13.9% (depending on your credit history). 14.9% variable cash. Fixed 23.99% APR for delinquent balances. See application for complete summary of terms and disclosures.


At U.S. Bank, protecting your privacy is our priority. For your safety, we will never request your personal information, such as IDs, passwords or pins via email and recommend that you do not share this information with others. Sharing this information gives the recipient full access to your account. If you receive an email like this, please forward it to fraud_help@usbank.com or call our Fraud Liaison Center toll-free at 1-877-595-6256.

View the U.S. Bank Privacy Policy. Our Web site address is usbank.com.

U.S. Bank
EP-MN-BB1R
2751 Shepard Road
St. Paul, MN 55116