Small Business Government Contracts: Myths and Facts

You've probably heard so frequently already that there are small business government contractsthat one could benefit from

. You've either received this piece of information from governmentconsultants or fellow small business owners. However, of all these knowing, you're still sittingthere and have done nothing.

Why is this?

For their belief that they are not some business mammoth for the government to have timefor them, several establishments don't mind the probabilities in securing small enterprisegovernment contracts. When compared with Fortune 500 companies, these organizations feelthey're so small. To them, it'll be a waste for the government to cater their demands- they've thisfeeling of being very tiny in the industry that they are not worth the government's attention.

Or, these entities think that small business government contracts are impossible to land onbecause they don't have numerous staff - and no one is focused on making contracts for thegovernment.

So let's get straight to the point. It won't be possible for you to land on small businessgovernment contracts in case you believe on of the aforementioned myths. You need a bit morepiece of information though.

The government has allocated 39% of the expenses to small companies. For your information,regular government spending spiked as much as $1.3 trillion lately. Aside from makingthe government the largest customer from this bit of information, they also has the highestpurchasing power.

small business government contracts

If you're worried that the Big Boys of Wall Street will take away your business, then be happy toknow that they can't by any means affect this part of government spending. The explanation forthis is this 39% that is solely for small business. Therefore, this means that there's an allocatedpercentage for big players, and there is another percentage for small-scale business. If this bit ofinformation doesn't keep you on high spirits, then who knows what will?

The facts

In 2008, small enterprises received only 29% of the total allocation for government spendingbecause many didn't grab the chance. Somehow several businesses made it possible to landon a few remarkable small company contracts. But in 2010, the count of entities register to a

whopping 19,658 - every one of them averaging contracts worth a lot more than $25,000.

With all of these pieces of information presented, don't you need to be one of the over 19,000businesses who have grabbed the chance? Well, the most apparent answer is YES. It can bethe best business decision you will ever make. After all, you will be working with the greatestcustomer in the world: the government.

Small Business Government Contracts: Myths and Facts

By: Chip Ellis

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