Mind the Gap, LLC
  • Home
  • Engagement
  • About Us
  • Contact Us
  • Steve's Blog

7 Questions to Ask Yourself Before Bootstrapping With Government Contracts

3/27/2012

5 Comments

 

by Steve Hannon

New companies I advise often bring up the prospects of bidding for federal or state contracts. They see Government Contract dollars as a way of bootstrapping themselves to achieve their vision without having to find investors to support their early developments, key demonstrations or growth.  While I understand the interest in such a path, I advise against it for most of my clients. 

Prior to Mind the Gap, LLC, I worked for 20+ years in companies that focused a majority of their efforts on bidding for and winning Government research and development (R&D) dollars. We were pretty good at it, winning a sizable percent of the jobs we bid. However, the problem with the Government Contracting path is that it generally ‘over damps’ critical market response and feedback for your technology or product. I like to say that the highs are lower, the lows are higher, and the time required to achieve success or failure is drawn out significantly. 

Often, Government funding overdamps feedback.
Of course, there are times when Government Contracting is the very best way, even the only way, to go for your business or product. So, how do you know when it’s right for your technology or product?


The following are 7 Questions I ask to determine whether or not Government Contracting is a wise path to pursue.  

Read More
5 Comments
    Picture

    Steve's Blog

    Check here to hear what Steve is fired up about.

    SUBSCRIBE


    About Us


    View Stephen Hannon's profile on LinkedIn



    Steve's Bookshelf

    Archives

    July 2013
    April 2013
    March 2013
    February 2013
    January 2013
    October 2012
    August 2012
    July 2012
    May 2012
    April 2012
    March 2012
    February 2012

    Categories

    All
    Books
    Bootstrapping
    Culture
    Customer Ecosystem
    Customer Service
    Decision Making
    Devil's Advocate
    Disruptive Innovation
    Disruptive Technology
    Entrepreneurial Style
    Ezog
    Government Contracts
    Innovation
    Introduction
    Leadership
    Learning
    Learning Opportunities
    Lidar
    Lidar News
    Market Disruption
    Market Positioning
    Networking Opportunities
    Pain Of Adoption
    Rod Frehlich
    Shelfari
    Startup Genome Project
    Success And Failure
    Tim Tebow


ph 720.299.7353   |   fx 303.421.2960   |   Info@MindtheGapLLC.com

© 2012 Mind the Gap, LLC | 15295 West 72nd Place | Arvada, Colorado 80007


Powered by Create your own unique website with customizable templates.