Small Business and the Federal Government

Because federal agencies and their primes are mandated to meet these goals – to spend 23% of their contract dollars with small business, including 5% with SDBEs and WSBEs and 3% with SDVSBEs and HUBZone businesses – there is incentive for them to work with small certified business.

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Overcoming Stereotypes

Overcoming the new MWBE stereotypes in the business community is hard work. Practice transparent diversity yourself – in your work force and supplier base and publicize your commitment to diversity.

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Making Supplier Diversity Work

While the number of small and diverse business enterprises is growing dramatically, companies are consolidating their supply chains as they seek to reduce cost and increase revenue. Healthy economies require strong small and MWBE businesses to create jobs, products or deliver services, so it is necessary to encourage the use of these small and MWBE to build reliable, viable supplier relationships .

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Preparing the Personal Net Worth Statement

In many ways, the personal net worth statement is similar to your business’s balance sheet. It is a snap shot of your financial standing at a particular moment in time. It is used by certifiers to help determine social and economic disadvantage.

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Can’t Get No Information

Bidding government work can be a long, and admittedly sometimes frustrating, process; however, it can also be rewarding. Our willingness to put effort into finding out what our targeted clients wanted from us, using the tips shared here, helped us foster and cement long-term involvement with our government clients.

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Introducing the Women-Owned Small Business Federal Contracting Program

Back in October 2010 the United States Small Business Administration finalized its WOSB Rule to start a new Women-Owned Small Business Federal Contract Program, after a study from the Kauffman-RAND Foundation found 83 industries (based on NAICS codes) where women-owned small businesses were being underrepresented. Beginning Friday, February 4th 2011 the WOSB Federal Contract Program implementation will move forward and it is anticipated the first contracts will be awarded in the fourth quarter of 2011.

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Spotlight on NWBOC

The National Women Business Owners Corporation (NWBOC) was created in 1995 with the stated goal of increasing competition for women owned businesses in both the private and public sector.

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Diversity Value Add

Supplier Diversity as a circle of life construct brings value to government and private clients, business communities, job markets and future entrpreneurs.

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Spotlight on WBENC

Since then WBENC has grown to include fourteen Regional Partner Organizations that certify women owned businesses throughout the United States.

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Maintaining Your Certification

Getting certified is just the first step. Next comes maintenance of that certification. Virtually all certifiers state that they MUST BE notified – usually in writing – within 30 days of any major change in your business.

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