Apr 7, 2023
Small Business Qualification to Compete for Government Contracts?
Government contracts render tremendous business opportunities for small businesses as the US Government is the largest customer in the world, and it buys diverse services and products in different quantities. To compete for these Government contracts, contractors must request proposals, evaluate bids, and qualify themselves in the first place. Let us discuss how small businesses equip themselves to compete for Government contracts. How do you Qualify as a Small Business to Compete For Government Contracts? Recognizing and qualifying as a small business by the SBA offers several advantages at the local, state, and federal levels. The following are the requirements to qualify as a small business and to compete for government contracts. Before bidding on Government proposals, the company should get a UEI ID, a unique alpha-numeric valve of 12 characters. Companies should register with the SAM( System for Award Management) and generate the UEI for their business. Registering with the website helps the government with easy entity identification and validation, making the entire process easy. The NAICS (North American Industry Classification System) classifies businesses based on the services they offer or the products they supply. Small businesses should match their products and services with this code and might sometimes […]
Mar 20, 2023
Reasons IRV Gotti his Masters for $300 Million
Veteran American DJ, The co-founder, and CEO of Murder Inc. Records is in the news for making some huge bucks. IRV is known for supporting and guiding talents such as JA Rule and DMX. The seasoned hip-hopper created a sensation with $300 million with Iconoclast by selling his Master. IRV Gotti is famous for producing numerous terrific records for, Jennifer Lopez, Ashanti, Ja Rule, and many more. After associating with the achievement of Jay-Z and Def Jam, Russell provides Gotti with his possessing label under Jam. Besides, Gotti decided on the logo Muder, Inc as his label Muder, Inc kept for his murder while IRV desired to keep out his musical hit records. In an interview, IRV revealed that he raised $ 5 million to shoot a movie for himself and used his music catalog as collateral. Further, he added that his Dear friend Zach Horowitz former CFO of the Universal Music Group called IRV and asked whether he is interested in selling his catalog. As Gotti needed money. He continued the discussion with Zach regarding selling. IRV added that Zach already knew Oliver Chastan and he is one of the best and top-paying dollars in the industry. IRV decided […]
Mar 14, 2023
Effectively Conducting Market Research on Government Contracts
Bidding on government projects can be much more profitable and motivating for small businesses. But a lot gets into bidding on government opportunities. Small companies have to take a lot of time to enhance the process of their contract proposals and perform adequate market research on government contracts before they dive into the bidding. Conducting sufficient market research will help understand the proposal and improve the chances of winning the contract. How to Effectively Conduct Market Research on Government Contracts? All businesses regardless of size and nature should conduct proper market research. This will help the company to make informed decisions about the products and promotions. Some tips that will help to conduct effective market research on Government contracts are as follows, Before bidding on the opportunity, the bidding company must get familiar with the agency it is doing to do business with. It will be appropriate to collect information about the company and with which it is familiarized through its website. Knowing about the company before bidding helps tailor the proposal according to their requirements and enhances the chances of winning the bid. Learning about the other companies in the industry in which you are bidding can give an […]