Govcon Giants

They Lost a $45M Contract! Here’s the Crucial Lesson for You!


Listen Later

In today's episode, Lynwood Owens talks about the difficulties his business faced after obtaining an 8(a) status in 2018. The stakeholders considered his company as a risk since they were not a prime contractor, and had no capital and fast forms to show for it.

However, in March 2019, he won his first prime contract as a product award, which started a chain of prime contracts for his company. He now faces the challenge of sustaining his business as the period of performance for some contracts is one to four years long.

His new challenge? Retaining customers and contracts, looking at the cycle of the contract, and aligning with competitors. Tune in to this episode to know how these challenges will make you level up in the Government contracting space.

Hope you enjoyed this episode of the Daily Wind Up. See you tomorrow.

...more
View all episodesView all episodes
Download on the App Store

Govcon GiantsBy Eric Coffie

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

101 ratings


More shows like Govcon Giants

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,790 Listeners

The Cardone Zone by Grant Cardone

The Cardone Zone

3,913 Listeners

The Secret To Success with CJ, Karl, Jemal & Eric Thomas by The Resonance Network

The Secret To Success with CJ, Karl, Jemal & Eric Thomas

6,404 Listeners

Game Changers for Government Contractors by RSM Federal

Game Changers for Government Contractors

60 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,052 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,345 Listeners

Millionaire Mindsets by Xavier Miller

Millionaire Mindsets

1,451 Listeners

Earn Your Leisure by EYL Network

Earn Your Leisure

7,803 Listeners

My First Million by Hubspot Media

My First Million

2,616 Listeners

Market Mondays by EYL Network

Market Mondays

4,011 Listeners

Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Acquisitions Anonymous - #1 for business buying, selling and operating

243 Listeners

Winning Government Contracts by Rick Porterfield

Winning Government Contracts

37 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,304 Listeners

GovClose | Start Winning Government Contracts by Richard C. Howard

GovClose | Start Winning Government Contracts

93 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,358 Listeners