Financing Your Company's Growth -- Small Business Options and Public Policy Trends

Posted by Lori Salley Ring

Aug 2, 2016 8:40:04 AM

The great news for small businesses in today’s economy is that the options for financing a business are many. Bootstrapping a business with personal money, using credit cards, and asking friends and family for help are still common ways to start a new venture (75% of entrepreneurs rely on personal finances as their primary source of funding). But, there are a lot more options today for finding capital to pursue your dreams of running and growing a business. As the private sector adapts to the needs of the marketplace, regulators and legislators are watching to ensure that the best interests of small businesses are protected. Consider these financing trends and how they are evolving as you determine the best way to access capital to realize your company’s potential. 

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Topics: small business, capital, finance, banking

10 Tips to Protect Your Bank Account from Hackers

Posted by Lori Salley Ring

Mar 29, 2016 8:30:00 AM

It's hard to imagine a worse nightmare for a small business than having their bank account drained by a thief and finding out there's no recourse, yet that scenario is becoming more common. The FBI reports that Business Email Compromises (BEC) where criminals steal from business accounts using email scams rose 270% from January to August last year.  And, small businesses (1-250 employees) are the most likely targets of phishing campaigns, according to Symantec.   While the law offers some protection for individuals -- if your personal bank account is breached, you'll probably be able to recover the funds after some effort -- business accounts don't have the same legal protections and the banks often won't pay. So, what can you do to protect your company assets?

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Topics: small business, cybercrime, cybersecurity, banking

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FocusData: TECHPol is a blog on technology and business policy issues affecting small and mid-sized companies.  TECHPol’s primary author, Lori Salley Ring, spent 20-plus years working on Capitol Hill, including as the top staffer on the House Committee on Small Business.  FDS is an IT consulting firm providing managed services, office tech relocation, network security, and IT support for businesses in the Washington, DC and Northern Virginia area.

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About the Author

Lori Salley Ring

Lori Salley Ring

Lori serves as Policy Advisor and Communications Specialist for Focus Data Solutions.  Lori spent more than 20 years working for the U.S. Congress, including as Chief of Staff to a member of the House leadership and as the Staff Director for the Committee on Small Business.  Lori also ran a Washington-based non-profit organization between stints working for the Federal government. 

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