5 Reasons to Avoid the Middleman Trap: 5 Tips To Follow
Dr. Curtis Merriweather, Jr. is addressing the negative impact of the middleman strategy in government contracting. He has evidence to support their claims and are urging listeners to be thoughtful in their approach. Dr. Curtis discusses five reasons to avoid this strategy which does not include the guidance outlined in the federal acquisition regulation (FAR). He emphasizes the importance of long-term planning, risk management, stakeholder engagement, costing, and HR management. Dr. Curtis also stresses the need for legal protection through well-crafted documents and understanding how to accept, avoid, mitigate, and transfer risk. Dr. Curtis aims to help listeners build a solid, reputable, repeatable, and scalable business in government contracting.
Chapters:
00:00:00 Short-Sightedness Perspective and In Philosophy
00:05:48 The Negative Impacts Of Middleman Strategy
00:07:16 Importance Of Legal Counsel in Government Contracting
00:15:54 Importance of Legal Counsel and Legal Documents in Government Contracting
00:21:57 The Importance Of Entrepreneurial Finance in Government Contracting Entrepreneurship
Key Takeaways:
1. Approach government contracting with the end in mind
2. Understand the risks inherent in government contracting
3. Develop a strong team and manage stakeholders appropriately
4. Develop strong accounting processes and procedures to manage cost (pricing) effectively
5. Develop processes for effective human resources managment
Curtis was named a Game-changer by the White House Policy Advisor for Entrepreneurship and Innovation in 2020. He has secured more than $1B+ in contract ceiling. Curtis will provide practical techniques, tips, and tricks that you aid your entrepreneurial journey on this channel.
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Please feel free to follow me on other platforms:
Follow me on Instagram (IG):
https://www.instagram.com/cmerriweatherjr/
Follow me on Medium to read my blog posts: https://medium.com/@cmerriweatherjr
To take a government contracting class, please use the following link:
http://www.8figuregovcon.com/
To go directly to our course store library, please use the following link:
http://www.8figuregovcon.com/store
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This YouTube channel is a news reporting and educational site covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended.
#governmentcontracting #middleman #govcon #federalcontracting #drcurtismerriweatherjr
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