Your business may not seem small, but have you ever gone through the SBA standard? It may be eligible to opt for the small business set aside GSA contracts. General Service Administration (GSA) is the special agency of US federal Government which is tasked to support the small business companies especially those are owned and operated by the minority group of individuals. Owing to the fact that small businesses are the building blocks of the state economy structure, the US government is looking forward to survive the financial downturn by uplifting the small business standards. Set aside contracts are the special awards offered to these federally approved small businesses to help them get a greater exposure of federal market.
However, lets take a look at the history of the General Business Administration. In the year of 1985, Congress enacted the Small Business Act to help the disadvantaged business companies, especially those are lagging behind due to social or economical challenges, in obtaining the federal contracts. As a result, the large portion of federal contracts and funds are set aside for the small businesses. The Small Business Administration (SBA) has been assigned to regulate the task. The GSA advantage is good for the small American businesses indeed but the downside is that a pretty lengthy process is there to go through for doing business with the federal government.
So, how the General Service Administration defines a small business! In the simplest term, a small business concern is that which is owned and operated independently and is not dominant in its field of operation. Thus the Small Business Act includes those businesses to their list which in general would never be considered as a small one. In fact, the definition of small business actually varies with the types of industries and their market status. The basic reason of such variance is that some industries are larger than the others. However, all agencies participating in the government market with GSA contracts must use the standards of SBA size to determine if a business qualifies for the Federal Government contracting purposes.
As per SBA standard, the small business should be at least of two years old. There is a vendor registration process that every participant company has to go through. The first step of registration is acquiring a DUNS number and the very next step is to get registered in the Central Contractor Registration (CCR). After that you can check on acquiring a GSA Schedule. In order to evaluate your business standard and know if it can really qualify for the GSA contracts, you can opt for the professional assistance. There are many GSA consultants out there offering comprehensive guidance for the federal small business development programs. You can either hire them in person or can download the guidebooks from their official site. Either way it is good to get the support to eliminate stress out of the process. So, what are you waiting for? Just get online and find support for your small business venture.
Steven Brown is a professional internet marketer. To know more about gsa schedule gsa contract , doing business with the federal government or government market Government contracting visit gsaschedule.us.com
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