Tips to Winning a Government Contract
By Debbie Gregory.
Although a lot of work goes into winning a government contract, it can be very lucrative, making the hoops worth jumping through. If you’re wondering where to start, here are some tips to get you started.
All businesses can benefit from networking. No matter what stage your business is in, from just getting started up through well established, building relations and strategic alliances with mentors, other business owners and contractors can only help you. Check out networking events at veteran incubators, military bases, colleges, chambers of commerce, outreach centers, etc.
Make sure you have a team in place to handle what needs to be done. Go for quality, not quantity. Make sure that regardless of how many people you have, they know what their responsibilities are and can get them done correctly and in a timely manner.
If you were buying a house, you would want to begin the funding process before you put on offer in. In the same vein, you want to have your financing lined up before you make promises on deliverability. The SBA is a great resource, so make sure you check out how they might be able to assist you.
Build your performance history. Every company started with that first job, first order, first contract. Now is the time to start establishing your track record. Keep it on track by completing what you say you’ll do, and do it to the highest level.
Toot your own horn. Leverage the internet to showcase what you can do and what you have done. Make sure you keep your website up-to-date and post on your social media platforms.
If you don’t have many employees, remember that not every job has to be done by an in-house person. There are a number of ways to outsource the work on an “as-needed” basis.
If you do your homework ahead of time, you will be better positioned to bid on that government contract when the opportunity presents itself.