If you're interested in government contracting, know that you can break in and learn how contracting works. There's an opportunity later this week to learn how to crack the government-contracting game -- and it's free. On Thursday, there's a one-hour Webinar being put on by Women Impacting Public Policy and American Express OPEN. Give Me 5 is designed to help more women owners get into contracting, but I don't think they're going to check your genitalia on the call, so feel free to get the learnings no matter your gender.
Many small business owners overlook the government-contracting opportunity. They feel intimidated, they know there's a paperwork mountain to climb, and it just doesn't happen.
But this is a giant pot of revenue that's worth checking out. The federal government hands out contracts for $500 billion in goods and services annually. Last year, small businesses supplied nearly $100 billion of that. Disadvantaged and woman-owned businesses got $33 billion of that pie.
Under Obama, efforts are increasing to get more contracts into the hands of small business owners. The government has a goal of giving 23 percent of its spending to small businesses, with another 5 percent to woman-owned businesses, and keeps falling short. Programs like Give Me 5 may help more small businesses owners win at the contracting game.
Click here to get more details on the Webinar.
What's your experience with government contracting? Leave a comment and tell us if you've done it -- or if not, what's keeping your business from becoming a government contractor.