Seize the day
“the great moderation” that is the term that economists have dubbed the current period of reduced economic volatility (Ahead of the Tape, The Wall Street Journal, 12/18/06, C1). Apparently things are pretty stable in the US and around the world, economy wise. The problem is none of the great economic minds around the world are quite sure. They have theories from technology to good central bank planning to luck and back again. What does that mean for entrepreneurs?
It means that it is a good time to start a business. The level of general risk associated with the economy is stable and predictable for the near future. By their actions the general population of the US is saying things are pretty good for me right now. Considering all the trouble in the American auto industry and the discomfort with outsourcing that is a remarkable thing to be able to say. Maybe people have gotten comfortable with the new way the business world works. Because of the general level of reduced risk now is a favorable time to go out and do it!
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POSTED IN: New Ideas
1 opinion for Seize the day
Ken Larson
Dec 19, 2006 at 6:06 pm
There are many good points in your article. I would like to supplement them with some information.
For an all-volunteer site, dedicated to small businesses who wish to succeed in federal government contracting, please see the below site:
http://www.smalltofeds.blogspot.com/
The federal government will contract in excess of $80B to small businesses in the next fiscal year.
There are over 50 agencies or “Departments” in the federal government. Each of these agencies has a statutory obligation to contract from small business for over 20% of everything it buys.
Contracting officers must file reports annually demonstrating they have fulfilled this requirement. Not fulfilling the requirement can put agency annual funding in jeopardy. Small business has a motivated customer in federal government contracting officers and buyers.
Large business, under federal procurement law, must prepare and submit annual “Small Business Contracting Plans” for approval by the local Defense Contract Management Area Office (DCMAO) nearest their headquarters. These plans must include auditable statistics regarding the previous 12 month period in terms of contracting to small businesses and the goals forecast for the next year.
The federal government can legally terminate a contract in a large business for not meeting small business contracting goals. Approved small business plans must accompany large business contract proposals submitted to federal government agencies. Small businesses have motivated customers in large business subcontract managers, administrators and buyers.
There are set-aside opportunities available for small entities,veterans, disabled veterans, women and minorities. All it takes is navigating the system, persistance, asking questions, registering, marketing, teaming and working hard.
Small Business America is good at that.
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