Do startups and other businesses these days use bartering during their initial phases?

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My answer to Do startups and other businesses these days use bartering during their initial phases?

Answer by Ken Larson:

Yes, but the term has been expanded a bit to compass “Bootstrapping” and industry teaming.

Synergism is paramount in teaming with any size company, whether in a lead or subcontracting role. There should be technical, management and market segment similarities between you and any company with whom you are considering teaming. Your prospective team member ideally will not be a direct competitor; rather a business in a related field with whom you share a mutual need for each other's contributions in pursuing large-scale projects.

Relationships must be developed with primes and other small businesses that can help you, team with you and keep you in mind as they search for success.

For more on Bootstrapping and Teaming please see the “References” Box and the content of the article at the below link. Both are free.

SMALL BUSINESS TEAMING IN GOVERNMENT CONTRACTING

Do startups and other businesses these days use bartering during their initial phases?

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About rosecoveredglasses

2 Tours in US Army Vietnam. Retired from 36 Years in the Defense Industrial Complex after working on 25 major weapons systems, many of which are in use today in the Middle East. Volunteer MicroMentor. I specialize in Small, Veteran-owned, Minority-Owned and Woman-Owned Businesses beginning work for the Federal Government. MicroMentor is a non-profit organization offering free assistance to small business in business planning, operations, marketing and other aspects of starting and successfully operating a small enterprise. You can set up a case with me at MicroMentor by going to: http://www.micromentor.org/ key words: "Federal Government Contracting"

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