“SMALLTOFEDS” By Ken Larson
“This discussion addresses meeting the unique aspects of federal government contracting, yielding a successful plan and more importantly a successful execution of that plan in the federal contracting venue.
When visiting the SBA website on business planning, there are major topics in the business planning process which, when addressed in a plan, will insure the success of an enterprise and assist in determining and supporting the amount of funding needed. SBA Write a Business Plan“
“Marketing, advertising, competitor analysis and financing must be addressed. Free articles on strategic planning and developing a marketing plan are at the “References” Box Net Cube at the top right margin of this site: https://www.smalltofeds.com They address evolving an operations vision for an enterprise showing its potential to present to a banker or to an investor.
Here is a site with free business plan samples:
It may assist in visualizing business growth to look at an example of how someone else addressed a given topic.
Product entrepreneurs all face the same challenges. Those who succeed recognize they need to visualize themselves in the product development business, structuring an enterprise, generating a business plan, protecting intellectual property and then seeking industry partners and investors to bring the product to market.
In the process, copyrights, patents and royalty issues may come into play and development and distribution agreements are formed. Pricing is finalized based on cost and expense projections and competitive factors unique to the company as negotiation results are achieved with industry teaming partners, developers, manufacturers and distributors.
Service contracting to the federal government is a natural venue for small business. It does not require a product with a niche market or capital intensive manufacturing facilities. Service contracting does require skilled management and labor resources capable of performing a scope of work for which the government has identified a need and for which outsourcing to an industry contractor has been selected as the means to fulfill that need. The venue demands strong human resources management, industry teaming and an enhanced business system to price, account and bill on a job cost basis under government service contracts.
Utilize the below link to register your company. It provides excellent guidance and background, as well as access to the PDF file on NAICS Codes which are critical for you to choose before you begin the registration process. Give these some careful thought when selecting them. If there is a chance your firm may wish to be involved in a field, put the code in your registration. No one will question your qualifications at this point. That comes later during proposals.
When you have completed your registration at the link below you will received a Government CAGE Code, uniquely identifying your firm and its location as a government contractor.
As a small business becomes known in the federal government contracting community, successful marketing of sole source or group-designated business becomes easier, but it is always a challenge due to the need for taking early action in windows of opportunity.
Find those windows and communicate capabilities to the decision makers and industry team members who can help you.
If you are eligible for set aside designations make small business set asides or sole source procurements key elements in your marketing plan.
Be straight-forward and honest with industry teaming partners.
Do not violate share arrangements, teaming agreements or non-disclosure agreements. Such violations are a death knell for your reputation in the business.
Do not become known as a resource raider by hiring away from other firms with whom you have teamed.
Give it a best shot as a prime or a sub but involve the government contracting officer to resolve industry teaming disputes that may damage a past performance record.
Exclusivity is the practical way to go on any given program. Team early and exclusively and be a winner.
Reputation is key, ethics count and customers as well as the industry are observing.
BUSINESS SYSTEMS DEVELOPMENT
Waiting for a contract award to achieve a government contracting business process is not advisable. A win may not happen at all without addressing the structure and process requirements in your proposal to convince the customer his business environment is understood.
If one is not prepared in advance and one is fortunate enough to win, then in a very short time frame one will have to evolve a business system to perform on the contract and submit a billing
This article will discuss a framework for a small enterprise to develop a business system in service contracting, which is the most frequent venue utilized to enter the government market.
Government contract proposal preparation is time consuming and can be costly. Meeting the agency Request for Proposal (RFP) requirements with a responsive proposal can be well worth the effort if a winning strategy can be formulated. When considering submitting a proposal to a given government solicitation, conduct a bid/no bid exercise.
By going through that process a company begins formulating your win strategy or it will discover that it should not bid this job for lack of such a strategy. The elements of the process are discussed below in the form of questions to ask against topics for key consideration
This article offers guidance as a template to apply marketing operations for accommodating federal government contract proposal preparation. Proposals are special, sometimes exhausting projects, but a necessary part of doing business with government agencies. Like many other aspects of business, the more proposals that are prepared, the more that is learned and the more one can borrow from past practice for the next one.
Strategic thinking must be applied to structuring a government service contract project management capability in your company. It must involve long term planning and designing a business system as well as establishing rates and factors to bid new work and control it while interfacing with the customer.
When one plans in detail to define the product or the service one reduces performance risk.
The project management challenge is not to launch significant and costly resources before the specification for the product is sufficiently defined, obviating the need for costly revisions or abandonment, yet knowing when the product definition and plan are suitable for release.
Good project management starts early.
Consider the advice herein when developing and maintaining your business plan. Overlay approaches unique to the company against the guidance offered and place it in the standard format for business planning. It will yield a road map for success and can be further evolved for growth.
For additional details on these topics and other important information in developing and executing a government contacting plan, download the free books and supplements available in PDF format at the “Box” in the top right margin of the below site.”