Wednesday, October 13, 2010

How to Win Government Contracts, Is an 8(a) Accreditation A necessity?

 There are numerous consultancy firms out there who guarantee to help you on how to win government contracts. They are said to be capable of offering you the tools you will need in order for you get hold of a contract with the federal government. The federal government is after all the biggest customer on the globe and has the capacity to spend $1.3 trillion on different products and services every year. However, what is important is that fact that 39% of that budget is allotted for small businesses. This will permit small businesses to have an opportunity to profit from the government.

Given such a lucrative income opportunity, small players should know how to win government contracts. They should be able to know their way towards landing on $50,000 to $500,000 government contracts.

Nevertheless, these small enterprises are not so sure about the probability of them landing a government deal. Since the 8(a) certification is one of the most certain methods on how to win government contracts, small businesses think that this is needed. However, those who have the accessibility to authentic information about acquiring contracts will say that this certification is not a requirement.

The 8(a) certification is evidence that the business proprietors are socially and economically disadvantaged, but in reality you do not really need this in order to win a government contract. In effect, you get to reap the subsequent benefits:

Reserving in Time

Since you do not have to go through the process of obtaining an 8(a) certification, you get to not waste time. Instead of spending months processing your papers to get such a qualification, you can then devote that time making recommendations to the federal government. You can then take advantage of that time creating strategies on how to win government contracts.



Savings in Costs

Another advantage of not availing of an 8(a) certification is savings in costs. If you do decide to get this certification, you will be spending thousands of dollars to government consultants who will take care of your 8(a) application. So if you forego with this paperwork, you can conserve on costs.

Experts recommend that the way to earning profits from government contracts is by jumping in and making recommendations to the federal government. Once you are able to do that, you can then ponder on whether your will get an 8(a) accreditation or not. In the end, only 3% of the 39% allotted for small-scale businesses are dedicated to companies with this kind of certification.

Before you undergo the whole trouble of acquiring this qualification take into account if the 3% is worth everything. If you think it is worth it, then by all methods obtain it. Don't do it in reverse.

In shorter terms, small companies have the right to make profit from the federal government. Keep that in mind and when you've perfected the ropes on how to win government contracts you can now say hello to better business and more income.

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