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

Combatting Credit Card Fraud:  The October 1st EMV Deadline

Posted by Lori Salley Ring

Oct 13, 2015 8:30:00 AM

Slowly, the U.S. market has been adopting upgraded credit card technology.  The new technology uses a chip instead of a magnetic stripe to conduct in-person payment transactions via credit or debit card.   The static information on a magnetic stripe can be duplicated and used by criminals fairly easily, while the chip creates a unique identifier for each transaction which if duplicated for a different transaction will not work.  Thus, the chip is more fraud resistant.  The deadline for businesses to adopt chip-reading technology came and went on October 1st.   But, not every consumer has an upgraded card and not all businesses have employed the new technology.   So what does the “deadline” mean?

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Topics: small business, technology, finance

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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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