In the realm of government contracting, goal setting is not just a strategic advantage—it's a necessity. Whether you're navigating federal procurement or bidding on local city contracts, establishing clear, achievable goals is crucial for success. This article explores why goal setting is so vital in government contracting and the broader business landscape, covering regulations, reliability, and the potential pitfalls of failing to meet commitments.
Does your client base primarily consist of companies in the private sector? Are you considering expanding your reach into the public sector with a focus on securing government contracts?
Working with the government can be a rewarding opportunity. If you invest the time to learn the "ins & outs" of what it takes to be successful, it will be worth it. Many articles highlight the benefits of bidding on government contracts and may make it look easy. However, only after being fully prepared will the process become less confusing, allowing you to operate with a more straightforward approach.
You have decided government contracting will be one of your revenue streams. That is a great choice… if you can achieve sustainability. Many companies win a few contracts but never figure out how to win contracts consistently and, more importantly, profitably.
Are you currently working with the government or considering joining the ranks of successful businesses that do? In both scenarios, you're likely curious about how much the agencies spend and how much of that "spending pie" is allocated to your area of service. After all, if there isn’t enough funding for contractors in your category, it’s best not to waste time pursuing those contracts.
"Follow the money" is a catchphrase popularized by the 1976 docudrama film All the President's Men, suggesting that political corruption can be exposed by tracing financial transactions. While this term gained prominence in the 1970s, the underlying principle has been around for centuries. The Latin phrase Cui bono?, meaning "to whom is it a benefit?", encapsulates the idea of understanding who gains from financial actions.
Are you a contractor seeking to grow your business and stay ahead of the competition? Did you know that monitoring government spending trends can expedite your road to success?
If you’re proactive in government contracting, you’re likely aware that the fourth quarter is crucial, with more federal contract dollars (historically 31%) being expended than at any other time of year
A mission-driven approach can set your government contracting business apart, aligning with federal priorities and gaining a competitive edge. To delve deeper into how this philosophy can transform your business, watch our exclusive interview with Keith Scott. He shares insights on building a mission-driven enterprise and leveraging opportunities in government contracts. Don’t miss out on valuable tips and strategies—check out the video now!
Navigating the government contracting landscape can be complex, but understanding the steps to find opportunities at federal, state, and local levels can significantly benefit your small business. This guide provides a detailed, step-by-step approach to discovering and securing government contracts, ensuring you can effectively pursue and capitalize on available opportunities.
On December 27, 2021, President Biden signed the FY22 National Defense Authorization Act (NDAA) into law, authorizing nearly $800 billion in defense spending.
The national defense total in the 2022 omnibus spending bill is $782 billion, reflecting a 3.9 percent increase over the administration’s request for 2022 and a 5.6 percent increase over the 2021 appropriations. This total includes $13.6 billion for emergency military and humanitarian aid for Ukraine as Russia’s conflict with the country continues.
Securing government contracts can be a game-changer for your business, opening doors to substantial federal procurement opportunities. However, tapping into this market requires a strategic approach and a thorough understanding of government acquisition processes. Here's why becoming government contract ready is crucial and how it can benefit your business.
Use our checklist download to quickly assess your business to be contract ready.
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Only 22% of federal contracting dollars are awarded to small businesses. Our goal is to be an agent of change by helping businesses owned by women, minorities, and veterans to get their fair share of the opportunities in the government market.
