subject: FedBizOpps – Business Opportunities from the Federal Government [print this page] FedBizOpps Business Opportunities from the Federal Government
Fedbizopps is a shortened term for Federal Business Opportunities. These are usually in the form of government contracts, the products and services the Federal Government needs to perform its functions. Currently there are more than 20,000 active federal business opportunities that are available for contractors big and small to bid on.
The Federal Government is currently the biggest buyer of goods and services in the world. It is spending more than 1.3 trillion dollars for products and services. The U.S. Federal Government buys just about any type of product and service and this is the one that create additional business opportunities for government contractors.
There are many opportunities in doing business with the government. The misconception that the government does not need anything because it has all the resources it needs. If big businesses and companies are outsourcing to cut costs, then the Federal Government has already been doing it for years. The fact is to cut operational and production costs the government does outsource most of its operations through government contracts.
There are many opportunities or fedbizopps. It only takes some good searching and the right knowledge to get one. The problem for businesses contemplating in joining the government contracting bandwagon is the myths and fallacies about government contracts. It may be a ploy by existing contractors to prevent new players getting into the mix or simply that the information is not properly disseminated.
There are many myths regarding contracts with the government. One is that government contracting is expensive and that the business will not earn significant profits. The truth is any business can go into government contracting without paying for additional costs or fees. The profits the minimum government contract is worth $25,000 this is awarded to mostly small businesses.
Another misconception is that a small business would have to compete with larger ones to win government contracts. And we all know the resources these large companies have and the difference with smaller companies. The truth is the Federal Government has allotted an amount only for small businesses. Government agencies have already seen this disparity and have set aside about 25% of the total budget to contracts for small businesses. If you own a business and are interested in fedbizopps, you can easily get one.
Consultants are also a major factor when going into government contracting. The truth is there is really no need to hire consultants to help you win government contracts. There are training programs that will give you sufficient knowledge to win the contracts that you want.
There is no shortage of possible contracts; we should grab these opportunities especially in difficult times like this. During recessions, the only one with money to spend is the government.
