If you haven’t got on board this train, you should at least explore the viability of government contracts. While most small businessmen and women usually see the government as a regulatory burden, others see it as a source of revenue.
The Small Business Administration (SBA) announced that the federal government exceeded its small business federal contracting goal for the sixth consecutive year, awarding 25.05 percent in federal contract dollars to small businesses totaling $120.8 billion, an increase from the previous fiscal year of nearly $15 billion. Take a look at sba.gov and see how to apply if you’re interested.
Like a private sector business getting graded by the Better Business Bureau, the government also hands out marks. Overall, the federal government earned an “A” on this year’s government-wide scorecard, with eight federal agencies receiving an A+ rating on FY2018 Small Business Federal Procurement Scorecard. “I’m happy to report that for the first time in history the federal government has awarded more than $120 billion in federal contracts and marked the sixth year in a row exceeding our target milestones for small businesses,” said Acting Administrator Chris Pilkerton. The prime contract goal achievements by dollars and percentages for all categories are as follows:
While the overall report card is very good, there are certain segments that would like to see the government do a better job. According to Gloria Larkin, president of TargetGov, which contracts with the federal government and also provides advice for other businesses looking to get government awards, “For women-owned small businesses … it’s not so good.” Perhaps one reason for this is the lack of a major supporter, like the Department of Veteran’s Affairs, who champion the military.
Maybe Larkin needs to get the National Organization for Woman (NOW) on board. However, this would cut into their 24/7 rabid lobbying for abortion and transgender rights. NOW is the antitheses of what businesswomen need, actually. NOW portrays women as victims, unable to compete in the workplace. These aging feminists are coercing the young into a socialist mindset, where they posture that your inalienable rights include free abortions, free college, and a lifetime supply of birth control. Oh well, you have to pick your battles.
If we drill into the data a bit, we find out who the winners and losers really are. The Departments of Education, Commerce and the Treasury led the pack of 24 agencies that were evaluated, each earning an A+ and meeting over 130 percent of the established goals for small business contract awards. On the downside, the Office of Personnel Management, Department of Health and Human Services, the Agency for International Development and the National Science Foundation failed to meet their small business contract goals, with NSF achieving the lowest score at just over 85 percent of their goal.
A key takeaway from the numbers is that woman should utilize these programs if at all possible. Five percent of the pie is given to women, a large number, which women should try to get a piece of.