Is Doing Business with the Federal Government a good idea?

Has the idea of doing business with the federal government come to your interests

? Perhaps you have had a dream about telling your friends as well as your clients one day you have made business with the government long ago?

If yes, then now could be the time for you to widen your understanding on the idea of doing business with the federal government. There are many wonderful stuff that you should know about this business endeavor.

Federal Government: World's Biggest Customer

In case you are toying with the idea of doing business with the federal government, then you ought to know of their spending behavior. The International Association of US Government Contractors states that the government's regular federal expenses are at a whopping $530 billion. Moreover, stimulus spending amounts at $787. When you add both, you will be astounded by that the federal government actually spends over $1.3 trillion! That's the size of the market you could explore. And that makes the government the biggest customer on the planet.

Moreover on the spending pattern, there's another dose of great news you have to know and it is another worthwhile reason why you should start doing business with the federal government. The federal government allocates 39% of the $1.3 trillion for small enterprises. This means that it is giving small enterprises the chance to gain benefit from the government - without allowing them to compete rigidly with the Big Boys.

Afraid of Red Tape?

With the excited and interesting said above, you still may be doubtful of a few things. And one of them could be there's much red tape involved. The Federal Government, as the mother of every other local government unit, perhaps would take you five months to go in. Or, they will need to let you complete 100 pages in order to bid for a school board project. Or you could be scared to approach them because you do not have any political contracts. Also, as they have all the ability in the world, you are concern that they'll be slow to pay and could knock off smaller businesses like yours easily anytime.

You should be aware that doing business with the federal government is but a fairly simple move to make. The aforementioned are all myths. In fact, it's the very unit of government that's so easy to deal with when referring to business.

If you are interested, you may sign up for free at www.ccr.gov. Upon registration, you'll be able to bid for government projects immediately. Politics are certainly not involved. Perhaps, politics might be present for larger projects, however for those ranging from $25,000 to $500,000, there's nothing to worry.

So, is doing business with the federal government a good or a bad idea? Is doing business with the biggest customer on the planet worthwhile? Is doing business with a customer that allocates 39% of its overall spending to small organizations profitable? The reality aforementioned could fairly answer you- be the judge!

Is Doing Business with the Federal Government a good idea?

By: Chip Ellis

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