The cycle is repeating again as it had during the 1920s. During this recession era several businesses are now being created and coming onboard. With so many companies joining the effort to business ownership they are starting off as a disadvantaged or underrepresented entity.
Disadvantaged or underrepresented businesses are classified as small, local, minority, woman or Veteran owned of at least 51%. According to Francis Maude, a British Politician and Minister for the Cabinet Office “This government is determined to make the UK one of the best places in Europe to start, finance and grow a business – to this end we have cut corporation tax, boosted tax relief to start ups and cut red tape.”
Europe is on a road to creating a precedent in how underrepresented and disadvantaged suppliers meet the needs of the buyers in purchasing Information Technology (IT) amongst other goods. How is your online presence? Is it professional?
Can government buyers find you online whether within the U.S. or abroad? Will you miss out on government opportunities due to not having a business brand? Would you be able to provide your goods abroad?
Just like the UK has Contracts Finder to help suppliers locate government contract opportunities and Open Standards Principles established to streamline the procurement process we have similar system of opportunities within the U.S. Are you a part of the governmental trend within the U.S? If not, here is how you can get your foot in the door with the government:
- Register in System for Award Management (SAM)
- Register in FedBizOpps
- Register at and get acquainted with Federal Procurement Data System – Next Generation (FPDS-NG)
Once you have conquered the quest of how to effectively work within the U.S.
governmental system why not take the lead within your industry and go abroad. With technology as it is today the possibilities are endless. Read more into how the UK is looking at other ways to streamline their process and bridge the interaction between the buyer and supplier.
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