Go To Life Insurance Home | Add to Favorites
Win Federal Contracts For Your Small Business
Copyright 2005 Robert Moment
The United States Federal Government spends more than $600 billion dollars each year on buying goods and services from the private sector. The federal government is the world biggest consumer of goods and services, and advanced technology systems. The government purchases an array of products and services in nearly every category. The federal government spends billions of dollars yearly on training and development, information technology, telecommunication products, law enforcement, fire safety, management consulting, medical services, environmental services, just to name a few.
Are there real federal opportunities for your small business? I can’t tell you with certainty that it does but I can tell you that federal policy actively encourages agencies to give procurement preferences to small, small disadvantaged and women owned firms by establishing annual procurement goals. The enormous federal marketplace offers potentially lucrative business opportunities.
The Small Business Administration negotiates annual procurement goals with each agency to ensure that small, minority and women owned firms get their fair share of federal procurement contracts.
Example of Federal Procurement Contract Award Goals for Fiscal Year 2005
23 percent of prime contracts for small businesses
5 percent of prime and subcontracts for small disadvantaged businesses
5 percent of prime and subcontracts for women-owned businesses
3 percent of prime and subcontracts for HubZone small businesses
3 percent of prime and subcontracts for service disabled veteran owned businesses
Under the Small Business Act all federal government contracts under $100,000 must be targeted to small, small disadvantaged, small women-owed and small service disabled owned companies. This federal law creates very distinct marketing advantages and business opportunities for small, minority, and women owned businesses seeking to to business with the federal government.
The Federal Government provides small businesses with procurement resources within Federal Agency Offices and Specialize Programs.
Here are some of the Small Business Procurement resources:
Offices of Small and Disadvantaged Business Utilization (OSDU) within federal agencies is responsible for promoting the use of small, small disadvantage and special status businesses.
Small Business Administration’s Office of Government Contracts administers programs and services designed to help small businesses meet the requirement necessary to compete for and receive contracts.
Mentor-Protégé Program is designed to encourage federal prime contractors to form a partnership and provide technical assistance to Small Business Administration certified women-owned, small disadvantaged and small businesses owned and controlled by service disabled veterans.
WomenBiz.gov is an online gateway for women owned business seeking to do business with the federal government.
Minority Business Development Agency which is part of the United States Department of Commerce offers assistance to minority owned businesses.
The Federal Government is a major and growing marketplace. With over 2500 buying offices nationwide and expanding budgets buyers are waiting to hear from your small business. The financial rewards are well worth the time and efforts. Don’t sit on the sidelines recession proof your small business and start marketing your products and services to the federal government. Get your slice of the $600 billion dollar federal contracting pie.
About the author:
Robert Moment is an author and business strategist. Author of "Six Figure Federal Contracts for Small Businesses". Sign up for his FREE e-course on how to successful register your small business in federal procurement system. Visit www.federalcontractsforsmallbusinesses.com
Source: Article Directory
Business Disaster? Won't Happen To Me Copyright 2005 Denise OBerryAs fast as you can say business disaster, your business can go up in smoke. That's what happened a while back to Castle Carpet One. Gone were thousands of dollars worth of equipment and carpet, plus two smaller businesses that were housed in the same building. Luckily the owners, Larry and Diane Cox, had plenty of business insurance to cover their physical losses. But they lost their most important business asset - customer records - ...
How A Decision Can Save Your Life Mr. Galen Litchfield, the manager of Asia Life Insurance, was in Shanghai when Japanese troops invaded. This was in 1942, after the invasion of Pearl Harbor.A Japanese Admiral was sent to liquidate the company’s assets. Litchfield was ordered to assist in this liquidation. He didn’t have any choice. He could either cooperate or face the grim consequences of certain death.He was ordered to compile a list of the company’s assets—but there was one block of securities worth $750,000, which he left off the list becau...
Getting A Small Business Loan Are you in need of financial resources in order to start or even maintain your small business? Most of us are. The fist step is to take a look at the vast number of commercial loan sources that offer help in this area such as Chase, Citibank, etc. Also, with the Small Business Administration (SBA), you should be able to arrange a connection with one of these banks. This is one of many organizations that specialize in loans to small businesses.Contrary to the belief that bankers actually look for reasons to turn down prospective clients in need of a loan, they are in the business to lend money. This means that every time a banker is sitting in front of a potential client, they are hoping to make the deal work just as much, if not more than the client wants it to work. A bank’s primary role in the...
|
 |
 |
 |
What Factors Determine Term Life Insurance Rates Term life insurance policies provide a limited coverage period, which is determined by the policy owner. Term life ins... |  |
| It's Time To Get All Strategic - Small Business Marketing Stategy Copyright 2005 J D MooreSo what's your small business marketing strategy? I'm willing to bet that close to 85% of the people reading this are scratching their heads now. Many small business owners fail to create a marketing st... |  |
| Is Incorporating Your Small Business Best For You? There comes a point in time when every small business personcontemplates on whether to incorporate their business or not. Alot of times small businesses start out sole proprietorships,and then become incorporated a... |  |
| Six Steps To Guarantee Your Business Success Many of us slave away for years for one uninspiring company after another and dream of the day when we can sack the boss and go it alone. If you’re contemplating starting your own business then I’m here cheering you on from the sidelines because the best decision I ever made was to walk away from my well paid but oh so frustratingly boring job and start my own business from scratch.I’d always believed in Bob Dylan’s definition of success - “a man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do.” And it was these words and this sentiment that drove me to seek out business success on my own.While I was in the planning stages of things I read around a lot and discovered that there are six main ... |  |
| Build Your Own Insurance Business With Insureamerica Dallas-based InsureAmerica Management Company has released a new Internet site, www.byoib.com, to aid in recruitment of nationwide health insurance agents. Complete with commission examples, earnings potential breakdowns and an income potential calculator, interested health insurance agents can get a good look at the opportunity InsureAmerica has to offer.The new website is part of the company’s aggressive growth and expansion plan to further extend its national reach.“We know we have a business opportunity and a system that health insurance agents and agency owner... |  |
| Sba's 8(a) Program Can Help Some Companies Compete Q: A friend told me that as a woman of Native American descent I might be eligible for a special SBA program that will help me... |  |
| Auto Loans: Don’t Dig A Money Pit In Your Garage Choose the wrong auto loan and you might drastically increase the chances of defaulting and losing your car. Find out step-by-step how to avoid a money pit.Car loans are certainly less costly than home mortgages, student loans, or other kinds of loans. So why do so many people end up defaulting and losing their cars? Find out these hidden dangers:Bigg... |  |
| You May Have Found The Best Advice Regarding Life Insurance. You may have found the best advice regarding life insurance. When you are trying to find top advice concerning life insur... |  |
| Newspaper Printing Transcending Time Newspapers have been a remarkable part of human society way back some five centuries ago. Newspapers especially in Renaissance Europe are hand written and then privately circulat... |  |
|
|