Well over a year ago, a friend of mine introduced me to the team at FiscalNote. Their business was just getting off the ground then. They introduced me to their product, Prophecy, and I was sold immediately. Essentially, FiscalNote has simplified, streamlined and reinvented bill research and tracking. It didn’t take me long to realize that every Congressional office should be using FiscalNote’s Prophecy. For many Congressional and government staff, bill research is a tedious task – and, made even more difficult due to a general lack of good research tools. Current tools on the market are expensive, so many offices forgo those tools due to tight budgets. FiscalNote changes the game and provides cutting-edge technology, instant access to information, analytical tools, for a fraction of the cost of other competing products. I am proud of iConstituent’s exclusive relationship with FiscalNote in the US Congress. I am highly confident that the FiscalNote team will continue to develop a compelling product that will eventually be used by hundreds of Congressional offices.
I recently launched a new blog, “Why I Love LA” for former Mayor of Los Angeles, Richard Riordan. The blog provides the former Mayor with a means to easily reach the people of Los Angeles with a positive message about our city. “Why I Love LA” will also feature many guest writers who will share their views on Los Angeles. Our first guest writer is Dr. Ref Rodriguez, one of the founders of Partnerships To Uplift Communities (PUC).
I meet with start-ups all the time. I am always inspired by them; their energy, enthusiasm and dedication to what they believe in is contagious. I call it the “collective mojo:” when a group of entrepreneurs band together and work endlessly, with the belief that they can create something amazing, powerful, disruptive and additive to humanity. According to Merriam-Webster’s, “mojo” means “a power that may seem magical and that allows someone to be very effective, successful, etc.” I want my mojo back.
But, the question is: how do you maintain this drive and entrepreneurial spirit when you’re not a start-up any more? How do you keep your collective mojo?
iConstituent has been around for over ten years now. We have been through many ups and downs along the way. So, how do we get our collective mojo back? – the energy, enthusiasm, and passion to create something new, disruptive and amazing? How do we evolve beyond simple “profit and loss statements, balance sheets and statement of cash flows?” Basic accounting is obviously important – but, how do we transcend simple dollars and cents, and focus on building great things that people will use and love? And, ultimately become wildly successful?
Regaining your collective mojo starts with the belief that your market (no mater what it is) WILL change. Someone is going to succeed. Why not YOU? Look at the hotel and taxi industry; I find myself using AirBnB and Uber these days – all the time. Twelve months ago, I was “old school,” and simply stayed at hotels or fought for cabs. The world is changing so quickly and so dramatically. These two companies have had such a profound impact on the world in such short periods of time. The government/public sector space will change, too. It has been slowly changing for years, and more rapidly so in recent months, thanks to forward thinking people like Vivek Kundra and many others.
So, how does a company get its collective mojo back? First, it starts with the belief that your industry will rapidly change and that there remains an abundance of opportunity for those willing to take chances, think “out of the box.” Who will be the next “Uber” in your space? Next, you must invest in developing your staff and finding new talent. This is the most important step. By empowering and nurturing talent at iConstituent, and finding more talent to augment our already awesome team, our company will grow; the company’s collective mojo will only come through innovation, which is driven by talent. Invest in talent, nurture talent, empower talent – and, you will get your mojo back. On this note, I am proud to announce that two of my staff will take on more responsibility and be empowered to help drive growth at iConstituent: Greg Fickel was recently promoted to Chief Operating Officer and Derek Haller is our VP of Product.
I am honored to speak next week at the Connect14 conference located on the Facebook campus. Should be a great experience. You can learn more about Connect14 here: http://connectsmc.org/
Everyone faces challenges. Everyone suffers set backs. Last week was one of those times for me. However, the experience has increased my determination to succeed – to push harder than ever before. Since last year, I have been working on some very big things at iConstituent – innovation that promises to change the game, give our customers even more power to reach their constituents and level the playing field. The saying “that which does not kill us makes us stronger,” is very true. I will make some exciting announcements soon. Join me on Twitter to hear them first (#bigviola).
On February 8, 2011, Vivek Kundra, then the U.S. Chief Information Officer, released a ground breaking report, “Federal Cloud Computing Strategy.” In it, he states, “Cloud computing offers the government an opportunity to be more efficient, agile, and innovative through more effective use of IT investments, and by applying innovations developed in the private sector.” Now, over three years later, his assessment was absolutely on target. But, the question is: how fast is the government moving in this direction? I believe that it’s only a matter of time before all branches of government adopt the Cloud for their technology needs. With companies like Microsoft , SalesForce and others pushing the Cloud into the public sector, our business is changing rapidly – and for the better. Companies like iConstituent grow and thrive by providing innovation to the government marketplace, but this is hard to do when companies are forced to provide their services from behind tightly held and highly regulated government firewalls. As we move ahead, this will change; public clouds, such as those provided by SalesForce for their public sector customers – now FISMA and FedRAMP compliant, will compel more government entities to switch. Early adopters of cloud technology such as the Dept. of Education and DOJ have set the stage for other government entities to follow suit. Who stands to benefit the most from increased government adoption of the Cloud? Ultimately, American citizens. Why? Because, the government will be in a better position to leverage private sector innovation to reach and service citizens in a more efficient and less expensive way.
We hear a lot about cyber security today. The recent breach of Target’s “Point of Sale” system for credit and debit card transactions is one big example that comes to mind. The fact is that cyber security is something that should concern everyone, from businesses, to government entities, to individual citizens. Small businesses, not just big companies, are at risk of being targeted. At iConstituent, we have learned important lessons about cyber security and how small companies can manage their cyber security risk. We have hired some of the best security experts we could find and made substantial upgrades in our security infrastructure to protect our company’s assets and our customers’ information. Most importantly, we have learned that nobody can guarantee they are absolutely secure, and even small companies need to invest in being as secure as possible.
What can I impart to others who run small companies? A lot. Here is some advice:
First, recognize that cyber security is not just an IT issue. For one thing, the consequences of a cyber attack can be so severe that they demand management’s attention: when the company’s finances, customers, or reputation might be on the line, management must own the problem and the risk.
Management must also lead because the solution to cyber risk is not just an IT solution: managing risk requires the whole company to work together. Management must make decisions about how to allocate resources and must set policies for the company. Human Resources needs to train employees, and employees need to act in a secure way on the company’s network. Legal has to make sure the company has the right insurance and protections in place. Communications supports sending important information to customers and other third parties. The company’s cyber security efforts are only as good as the weakest link, and the solution requires a team effort, so management has to lead and make sure the whole company is committed to cyber security. As CEO of iConstituent, I am ultimately the person accountable for our cyber security and for making strategic decisions about how we manage our risk. It’s the only way this works. So, where to begin?
The second piece of advice is to set priorities. Cyber security can become a big, tangled, never-ending problem if you let it. If you try to protect everything, you will protect everything inadequately, and you may soak up endless budget doing it. This is especially challenging for small companies. Instead, decide what matters most: what information and assets are most critical to protect, and how are we going to protect them? Convene your management team to talk about this, and solicit input from employees across the company, too; these questions may seem like they have obvious answers, but you will be surprised by the different answers you might get, many of which may be different and more accurate than you first thought.
Third, to keep focused on those priorities, it is important to have a plan. For a small company, a 12-month plan helps you plan your budget and set goals that are achievable in a reasonable timeframe. While planning is important, flexibility is, too: cyber security is dynamic, is never “finished,” and requires constant change and effort; so, as you measure progress against the plan each month, be prepared to adjust course as circumstances demand.
As a small company, a helping hand can be important, which brings me to my fourth suggestion: smart outsourcing can be an effective way to cover the basics of technology and staff support to monitor and protect your networks, without the expense of building your own complete, in-house security program. One useful element is a Managed Security Service Provider (MSSP), which can help prevent or mitigate a breach. Other third parties can help you limit your risk if an incident happens. Cyber risk insurance is one example. Of course, the devil is in the details, and you have to be careful about the specifics when outsourcing to reduce risk, for example checking the insurance policy for the right coverage and reasonable premiums. Outsourcing has many benefits for small companies that do not have the size or budget to build their own, in-house cyber security program. But, it is critical to keep in mind that while you can outsource many functions, you cannot outsource ultimate responsibility for your company’s cyber security: the management team needs to oversee the whole program and tie the various pieces together.
Fifth and finally, it is essential to prepare for the worst-case scenario: a successful breach that puts your company’s customers, finances, or reputation on the line. Even the best laid security plans can succumb to an attack, so make sure you have an incident response plan, and practice it together as a management team: do a drill to test the key elements of the plan and make sure each person knows their responsibilities and what to do in a crisis.
Cyber security is a dynamic, challenging problem. Staying secure is especially hard for small companies that have fewer resources and less time to prevent and prepare for attacks. But, it is essential to do your best to keep your company’s network and customers’ information secure. I hope these tips, learned through our small company’s own experiences with cyber security, are helpful to you and help you start down the road of improving your company’s cyber security. Remember: just like running a small business, cyber security is a never-finished job, and the journey is as important as the destination. Good luck!