
New government contractors keep asking the wrong question about money, and it's quietly stalling their business before it starts.
In this Federal Help Center Q&A, Eric Coffie breaks down why reinvestment (not taking profit home) is the only realistic move in your early contract volume, how to delegate with virtual assistants when cash is tight, and why the "starving period" is longer than almost anyone admits.
If you're building a govcon business solo with no team and no cushion, this is the honest conversation you need before you spend your first check.
- Why you can't keep the money yet: how reinvesting your first contract revenue back into help, systems, and business development is the practical path when volume is still slow
- Delegating with virtual assistants: how Eric lists every recurring task, decides what to hand off, and hires online help he's used for 20 years across content and operations
- The real "starving period": why it can run five to six years, why revenue like $500K or even $2M doesn't equal take-home or feeling successful, and the revenue vs. profit trap new contractors miss
- The community advantage: why telling your network you're pursuing government contracts (even a 10-million-follower audience) is what makes people actually help you
- Tracking projects early: how following a contract from release gives you the scope, documentation, and prime relationships that awarded records on SAM.gov will never show you
EPISODE CHAPTERS:
0:00 - Finding federal opportunities across SAM.gov and beyond
0:49 - Building a govcon community where entrepreneurs help each other
1:14 - Hiring virtual assistants to delegate contracting tasks
1:47 - Reinvesting contract revenue instead of keeping the money
3:08 - Telling your network you want government contracts
4:05 - Doing every job yourself in the beginning
5:31 - The real starving period for new contractors
7:27 - Revenue versus profit and the take-home misconception
8:40 - Tracking contract projects before they hit SAM.gov
Mindy gives you the federal opportunities, agency signals, recompete intel, and pursuit briefs that tell you not just what contracts exist, but which ones to chase and how to win them.
Sign up for free Daily Alerts and get opportunities delivered to your inbox before the day starts.
👉 Get your free Daily Alerts here 🔗 https://getmindy.ai
Connect with Encore Funding:Â http://govcongiants.org/funding
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