Still trying to decide if government contracting will be worth your effort?
In this video, I'm sharing highlights of government contracting,
and then you can decide for yourself if it will be worth the effort to you. Hi, I'm Felicia over
feliciastreeter.com where I help small business owners, just like you, win government contracts.
And if you've been hanging out here for a while, what are you waiting for? Don't you think it's
time for us to partner together on your government contracting journey? So make sure you subscribe,
turn on the notification bell, and go ahead and like this video.
I have people asking me all the time, should I get into government contracting? Will it
be worth it to me? Is it hard work? And here's the deal. Could I answer that question for you?
Of course. Will I? No. I believe it is better when you come to your own decisions and conclusions.
All right. So let's get into information to help you in determining if government
contracting will be worth the effort to you. In 2020, the federal government spent
over $145 billion with small businesses. Contracts are set aside for woman owned small businesses,
service disabled veteran owned small businesses, minority owned small businesses,
hub zone small businesses, and then small businesses in general, too.
Even this fiscal year, which started back in October for the federal government,
they have already set aside contracting dollars that they plan to spend with
small businesses this fiscal year. And let me tell you, they have been exceeding
their goal of how much they want to set aside for those various categories over the last
few years. It's been quite a few and I haven't even been tracking it,
but it's been a while. They've been exceeding that goal. The government even has long term contracts
that stretch over multiple years. Before I get into some questions you need to ask yourself,
I want you to comment below. Do you think government contracting will be worth the
effort to you and for your business? Comment below, yes or no. No or yes. So let me tell
you what my motto is. My motto is always make the decision and then make the decision right.
I even have a t-shirt that says that. I should have been wearing it, but I wasn't prepared.
But I'll put the link down below, make the decision and then make the decision right.
Here's what I know about government contracting. It's time consuming. It's a lot of work.
And it's worth the effort. Now, I'm talking from personal experience. Inside my Government
Contractor Accelerator, in phase one, we have a big focus on certifications and set asides.
So remember I said the government has long term contracts? Well, they also have large contracts.
I'm talking about $100,000 contracts, a million dollar contracts, even billion dollar contracts.
So the money is there set aside, waiting for you as a small business
to take advantage of the opportunities they've set aside for you, for us, as small business.
The question is, do you want to win government contracts? Yes or no? No or yes? The second
question is, will you do the work necessary to win a government contract? Remember I said, it's
time consuming and it's a lot of work. So are you willing to do the work? Will you do the work?
So let me paint a picture for you. I want to lay out a scenario and it's actually a real scenario,
but I want to lay it out for you in the hopes that it will help you decide whether it's a yes
or no for you. You win a five year contract with the government. You're invoicing the government
every month. So what does that mean? You know you have income coming into your business
every month. You can project that. You can budget that. You can plan with that, right? You can
create your own forecast. Say, you're receiving a payment every month for $15,000, $50,000,
or even $100,000. And I've known companies where it's even over $1 million. How cool would that be
to have that coming into your bank account on a consistent basis? It's like every month, you know
you have a transfer coming into your bank account like clockwork, consistently and on time.
Here's what you'd be able to do. I mean, think about it. You'd be able to pay your bills.
You'd be able to expand your business, hire more employees. Maybe you need to get more equipment.
Maybe it'll help you make payroll where you can even forecast that. And then also hiring more
people, which means now you can take on more projects, right? More people, more projects.
And then of course, you need to have the money to float projects until they can float themselves. So
now you have money built up to where you can take on more projects, multiple projects at a time,
and you have the cash flow to float the project until it can float itself.
So what do you think? Will getting into government contracting be worth the effort to you?
I can't answer that for you. You have to answer that. So just remember,
make the decision and then make the decision right. So there you have it. Information that
you need to know that you can take, think about it, and help you decide if getting into government
contracting will be worth it for you. No one else can answer that question for you. One of
the parts of being a business owner, stepping into that CEO role of your business is you have
to make those tough decisions. Now, if you need help in getting into government contracting,
making that transition from private sector, commercial, corporate, whatever you are doing,
and you want to expand into the government market and you'd like help, I can definitely help you
inside my Government Contractor Accelerator Program, where we help you position, perform,
partner, profit, and pace. The five components that you need to be
successful as a government contractor. So if you want to learn more about that,
I'll put the link down below. It's the governmentcontractaccelerator.com.
All right. Don't forget, if this is your first time here or if you've been hanging out and you
haven't subscribed yet, go ahead and do that. Turn on the notification bell, so you get notified when
I drop new videos and when we go live right here on the channel, and then like this video.
And remember, you are just one contract away. Bye for now.