Before you decide to pursue funding opportunities, be certain you have the time and desire to dedicate to your proposed project.
Is there enough time to prepare a competitive proposal based on a well thought out research hypothesis?
Do you have enough time to obtain and complete proposal documents and approvals before the deadline?
If the proposal is funded, do you have the time to complete the research and meet the reporting requirements?
If the project is hospital-based, is the facility able to provide the allocation of time and resources in order to successfully execute the project? Did the CEO/CFO give approval to apply?
Regulatory Compliance – are there regulatory compliance issues, such as the Institutional Review Board (IRB)? If so, do you have time to meet those requirements? IRB information can be found here: Institutional Review Board.
Other institutions – if applicable, do you have time to properly engage your collaborators?