Holomua Consulting Group, LLC
info@holomuaconsulting.com
(808) 369-1471
  • Home
  • About
  • Services
    • SBA 8(a) Program Services
    • DBE Program
  • News
  • Contact
    • Initial Consultations
  • Our Blog
  • Pilot Course
  • Student Portal

​The Small Business Blog

TIPS * UPDATES * INDUSTRY NEWS

Tips For The Beginning Federal Contractor, Part 1:  Decide What To Sell And Determine If The Government Buys It

7/7/2015

0 Comments

 
Picture
We are constantly approached by individuals (as well as newly formed businesses) that want to get into federal contracting but don't know where to start and/or aren't necessarily sure how to go about doing so.  For a variety of reasons, Federal contracting may not be appropriate for every business and the decision to pursue federal contracts should be well-thought out.  In this series, we will provide a variety of practical, low-cost tips that we hope will be useful to those considering entering the federal marketplace.  
The first thing one should do is decide what to sell.  It seems so obvious, but you would be surprised at how many people we speak with don't have a clear idea of what product they want to sell or service they want to provide to the Government.  Although it happens every day that contractors look at what contracts are out there and then come up with a business to sell that product/service, the better practice is to sell a product or service to the government that you are already selling/providing commercially.  In that way, you will already have experience and past performance which is necessary to getting contracts and/or getting certified through one of the small business set-aside programs administered by the SBA.

On a related note, prospective contractors also need to determine whether there is in fact a federal market for the products/services they intend to sell to the government (and also how big that market is).  While the government does procure a wide variety of things, they don't buy everything.  Thus, market research is an important part of the process and one that should be done sooner rather than later.

We recommend the following as starting points for research:  

1.  FedBizOpps (www.fbo.gov) - FBO has been designated as the single source for government procurement opportunities that exceed $25,000 in value.  The system allows users to search by a number of search criteria, including location, NAICS code, agency, key word, etc.

2.  Federal Procurement Data System/FPDS (www.fpds.gov) - FPDS is the central repository of statistical information on Federal contracting.  It provides detailed information on contract actions over $25,000 and summary data on procurements under $25,000.  This system identifies who bought what, from whom, for how much, when and where.

3.  USA Spending (www.usaspending.gov) - This site provides data on federal purchases (and first tier subcontracts) worth more than $25,000.  Similar to FPDS, this site is helpful for finding out whether the federal government purchases goods/services your business provides and who they are currently purchasing from (or have purchased from in the past).

4.  Dynamic Small Business Search (dsbs.sba.gov) - This search allows users to find information on other small businesses in the area, including their industries, experience, qualifications and whether they are current or former participants in a small business set-aside program.  Note that the information contained on specific businesses may not necessarily be current, as businesses are responsible for updating their profiles.

5.  GSA Schedule (www.gsa.gov) - By searching the GSA schedules, you can get valuable information regarding whether an agency purchases from the schedule for your products/services as well as information on who your competitors are and what their pricing is.  In addition, you can find potential teaming partners that are already on the schedule.
0 Comments



Leave a Reply.


    Enter your email address:

    Delivered by FeedBurner

    Archives

    May 2020
    April 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    March 2017
    February 2017
    December 2016
    November 2016
    October 2016
    August 2016
    June 2016
    March 2016
    February 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    March 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014


    Categories

    All
    8(a) BD Program
    Affiliation
    Affirmative Action
    Business Development
    Compensation
    Conferences
    Contractor Compliance
    DBE
    DFARS
    Employment
    Events
    FAR
    Federal Contracting
    FLSA
    GAO Protest
    General Business Tips
    GovCon Tips
    Government Contractor Compliance
    HR Compliance
    HUBZone
    Joint Ventures
    Marketing
    Market Research
    Native Hawaiian Issues
    NHO
    OFCCP
    Ostensible Subcontractor Rule
    SBA OHA Decisions
    SBA Regulations
    SBIR
    SDVOSB
    Size Protests
    Small Biz Tools
    Small Business Compliance
    Small Business Programs
    Subcontracting
    WOSB

CONTACT US

  • (808) 369-1471
  • info@holomuaconsulting.com
  • P.O. Box 29735, Honolulu 96820

    Newsletter, alerts & updates, promotions

Subscribe
Back to top
  • Home
  • About
  • Services
    • SBA 8(a) Program Services
    • DBE Program
  • News
  • Contact
    • Initial Consultations
  • Our Blog
  • Pilot Course
  • Student Portal
Picture
Picture
Picture
Picture
© 2014 Holomua Consulting Group, LLC.  All Rights Reserved.