Want a Government Contract?
You are ready to grow your business and expand your horizons with help from government contracts – but where to start?
The federal government is giving out contracts worth big bucks to a growing number of women owned firms, according to an AMEX OPEN study of more than 1,500 women owners. Results show that two thirds of women whose firms do business with the federal government generate more than $1 million in sales, even though it took an average of nearly two years to land their first contract.
How did they do it? Most started with small contracts which lead to larger opportunities. “Persistence helps, and it’s paying off,” says Susan Sobbott, president of American Express OPEN, which conducted the study.
Here’s more:
Successful contract recipients made sure to get on the General Services Administration schedule which lists approved vendors. Plus, take this quiz to determine whether government contracts are right for you and your business.
Also, check out this virtual classroom on government contracting with resources like upcoming events in your area, webinars and the latest government news.
Team up with other contractors and business owners, complement each other’s abilities and bid on larger federal projects, in order to satisfy customer needs with less hassle and increase your market share, according to Business.gov.
Bonus PINK Link: Becoming a certified woman-owned business can give an edge when competing for contracts. Here’s how.
By Cynthia Good
“Money grows on the tree of persistence.” Japanese Proverb
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