DCAA Compliance Blog

Your Source for DCAA News and Information for Contractors

ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance.  From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.  

In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.

We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!  


 

Small Business Finance and Government Contracts

Posted by Mike Anderson on Fri, May 24, 2013 @ 01:08 PM

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.

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Topics: Business Strategy, CFO, Government Contracts, Financing, Small Business Finance