Veterans Business Resources

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Risk vs. Reward

Our investment broker approached me about investing in a highly speculatively venture.  He warned that I could loose 100% of my investment or I could hit it really big!  Those were the two options.  Those were the two extremes.  The final decision was mine and mine alone.  Take it or leave it.

As in life, those willing to take the biggest risk generally get the biggest reward.  We’ve all heard “to the victor go the spoils.”  Now that we all already understand Risk vs. Reward, let’s apply that understanding to federal contracting.

The government wants to minimize its risk and reduce its exposure.  But, what does that look like?  It looks like solicitations that come out everyday.  The government searches around to find the person or company with the most compelling response, cost, delivery, schedule or whatever is most important to them at the time.

The company willing and capable of taking on significant risk and relieving the government of that burden gets to partake of significant reward from the government.  That reward typically comes in the form of contract awards and healthy paydays.  When will you get your reward from the government?

 

See you on the high ground!

 

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Filed under: Government Contracting, Proposals, Woods Consulting Group, ,