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The Dream is Now A Reality – Thanks to Patience and Preparation

February 27, 2015 | Leadership

Well, this is a dream come true!  My dream of starting my own consulting practice started with a couple of books, an extended vacation and a dream.  I had been working in a couple start-ups in the summer of 2011.  One had been in existence since 2004 and was doing quite well.  We had doubled our revenue between the years of 2009 and 2010 and were on the cusp of submitting a substantial proposal to the Department of Veterans Affairs that would instantly double our size if we were awarded the contract.  Despite the success and momentum of both startups,…

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MYTH: Providing goods and services to the government means you have to wait forever to get paid.

FACT: Many government contracts are subject to the Prompt Payment Act which was enacted to ensure the federal government makes timely payments. Bills are to be paid within 30 days after receipt and acceptance of goods/services or after receipt of an invoice whichever is last. If a timely payment is not made, interest should be automatically paid.

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