For the last 4 years I have run a small consulting firm specializing in business development for IT firms selling to the federal
government. I have helped my clients book tens of millions in revenue, and not that I am complaining I have made a better than
average living.
Recently however many of my partners (CSC, LMC, ETC) have approached me about “why don’t you set up an IT firm and work with us rather then
representing new people all of the time?” I have been thinking about this quite a lot lately especially with the prospect that I am sure
that I could get work very quickly.
The issue is as I look at what needs to be done the biggest issue that I am facing is an issue of payroll. When I win one of these
government contracts it is not unusual to have to wait 3 to 4 months after you start work before you start getting paid on the contract.
Although the contracts are long term and great once you get started having the cash on hand to pay those salaries and benefits for the
start up is an issue for me.
Loans are a bit out of the question atm due to a bankruptcy a few years back as a result of Katrina, so here is my question.
I have done a bit of research online looking for potential “investors"but all of the sites that claim to match you up with investors want a
fee, and I realize that although I am quite good at my job, this is a bit out of my area of expertise and knowledge base.
Does anyone have any suggestions of where I should be looking or some things I might want to look into. I appreciate the help in advance.
|