Life Insurance
Life Insurance - All The Information You Need On Life Insurance

 




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




Google




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...