Government Contracting Can Be Very Lucrative For Businesses Of All Sizes
When most people think of government contracting, they probably envision large businesses working on major projects like building a new bridge or constructing a new highway. However, government contracting can actually be quite lucrative for businesses of all sizes. In fact, according to the Small Business Administration, small businesses make up about 23 percent of the government contracting market. While large businesses may have an easier time landing major contracts, small businesses can often compete more effectively for smaller contracts. Moreover, many small business owners find that government contracting is less risky than other forms of marketing because the government is typically a more stable client than private companies. As a result, government contracting can be a great way for small businesses to grow their revenue. Check out Government Contracting Jason White for more information.
Getting started in government contracting can seem like a daunting task, but with a little know-how it can be surprisingly easy to get your business registered and obtain the necessary D-U-N-S number. The first step is to register your business with the proper authorities. This can be done online, and you’ll need to provide some basic information about your company. Once you’re registered, you’ll be able to apply for a D-U-N-S number. This is a unique identifier for your company, and it’s required for doing business with the government. You can apply for a D-U-N-S number online, and it’s generally quick and easy to obtain. With these two things taken care of, you’ll be well on your way to getting started in government contracting.
Once you’re registered, you can start bidding on contracts that are a good fit for your business. The government offers a wide variety of contracting opportunities, so it’s important to do your research and bid on the contracts that are the best match for your company. To get started, review the list of current contracting opportunities on the government website. Then, click on the solicitation that interests you and read through the qualifications and requirements. If you feel like your company is a good fit, you can submit a bid. The government evaluates all bids and awards the contract to the company that offers the best value. By bidding on government contracts, you can expand your business and tap into a new income stream.