FY’16 is poised to once again start under a Continuing Resolution, a mechanism that keeps government agencies running, but isn’t the most efficient mechanism for planning. While contractors and their customers are used to the annual CR kick-off by now, what does it really Read more
Federal contractors are encouraged, and often required, to subcontract or partner with other companies to do federal business. Both socio-economic and business development factors drive decisions to team up with other firms. Before your company gets to the altar with a potential partner, though, make sure you know exactly why you’re there and what you’re willing – or not – to do in order to be a good business partner.
The first rule here is to understand your company, what it stands for and what it wants out of government business. This analysis must go beyond “we want to make money” and include the type of image your company will have. This step protects your firm from later contorting itself to pursue an enticing opportunity, but one that may bring more risk and cost than it’s worth. Self-analysis also allows you to tell your business partners exactly what they’re getting when doing business with you.
Don’t get pushed around or talked into doing something that is outside your abilities or ethical standards. It’s not just other contractors that can sing an enticing siren song, either. Government agencies can put significant pressure on a firm to bid on a project in order to be seen as a “good guy” that might help establish your credentials for business later on. Remember that there is such a thing as “bad business” and be prepared to walk away if a specific opportunity may have lasting negative side effects.
While most companies initially go into business with a clear idea of what they are and how they want to do business, this vision can get blurry over time and, left unattended, can result in your firm looking very different from what you wanted it to be. Make sure you take the time to review your business foundations regularly so that your firm keeps a clear idea of its market identity and doesn’t end up as the contractor equivalent of the “Picture of Dorian Gray”.
Loyal reader A. Weiner of New York, NY writes, “My new company wants to sell through our Schedule contract to a state government agency. As a former Congressman, I should know this, but I don’t. Can you help?” There’s certainly some danger here, Carlos. The rules that govern Read more
Does this sound like your sales or on-site support team? Smart contract managers know to “get it in writing” before work is done or changes are made. Sometimes, though, your team is so eager to please the customer that expenses are incurred and actions taken that end up putting your company at risk. What’s a smart manager to do? Call Allen Federal! We can put together a customized training class for you, your sales and marketing people, and other team members that make it clear how to smartly conduct federal business. We can cover everything from why no new actions should be taken till the CO says so in writing to why you can’t take your federal customer to the Palm. Contact Allen Federal today and see what we can do for you! October and November are great months for training. Contact us at email@example.com.
The State Department spends 55% of its total fiscal year budget at the end of the fiscal year, much of it in September. Close behind it are Interior and the Social Security Administration with 48% spent in the same time frame. These three agencies provide great opportunities for Read more