If you’re like the majority of small business owners, you’re attracted to the thought of government contracting, but don’t know where to begin necessarily. Don’t be fooled. While there can be some advantage to being a little business, especially one possessed by users of certain historically under-represented groups, government contracting is not an easy row to hoe.
The pursuing questions cover some cornerstones you’ll want to ensure form a good part of your base before you start building your business in this competitive market. Are you a recognized business? Government entities are risk averse. They want to know that your business is viable, responsible, and able before awarding you any funded work publicly.
We’ll discuss the ability part shortly, but to begin with the fundamentals, this means your business should be certified to do business in the state where the government entity you’re soliciting resides. Your personnel will need to have any necessary licenses or qualifications to execute the task you’re proposing to do. You ought to have all proper insurances set up, including liability, workers’ compensation, and automobile.
If required in your field of practice, you may want to acquire surety bonding, so would have to have that romantic relationship founded already. You’ll should also have the infrastructure in place, like a good computer system, the correct software to take care of any documents or reporting that might be asked of you, and a high-speed web connection. You’ll be likely to meet cyber-security requirements as well – an extremely …Continue reading