The President released his FY 2015 Federal Budget proposal earlier this week. This proposed budget will get reviewed, discussed, negotiated and beaten up over the next 6 months for sure. This year might be a little different due to the Ryan-Murray budget deal. I think it is worthwhile to examine what the White House considers the highlights and also to see if there are any other major impacts to government contractors.
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I have had several discussions recently with small businesses that are concerned with finding ways to fund their small business. Anyone that has started a business knows that certainly is one of the major concerns with starting a new business. But to someone new to this field, it can be a very frustrating exercise. Many people assume that the funding has to come from an independently wealthy founder. While this is certainly a way that some companies are founded but by no means is this the only way. This is part of what is affectionately known as one of the 4 F's for financing an early stage business (Founder, Friends, Family and Fools). Countless businesses are started with one or more of the 4 F's. Most of the time, this type of funding is only sufficient to get the firm started or only take the firm to a certain size. Relying on this type of financing will almost certainly limit the ultimate size of the organization.
With all the threat out there right now from Continuing Resolution to Sequestration to more deficit reduction pressure it is hard to find the positives some times. Certainly, there will be programs cut, there will be contracts terminated and there will be difficulty for many companies that have been doing business with the Federal Government. It is easy to get caught up in all the negativism. My mother used to tell me that need to look for the positives in each situation and only you can control your outlook. I think that is good advice for us all right now.