As many of you know I have planned on making some changes to this blog during 2007. I plan on discussing more issues relating to: Accounting, Taxes, Finance, Downtown Fort Wayne, Small Business, etc.
I plan on holding off on this somewhat until I become a CPA.
Tax season has begun and I will be spending more time working then I have in the past few months. My wife and I put in as many hours the first 4 months of the year as we do in the last eight months of the year! This is typical for many accountants...
I received an email today from a new blog called "The Great Lakes Small Business Blog." The email was a request for me to answer 20 questions about our small business. I filled out the questionnaire and then went and checked out The Great Lakes Small Business Blog.
The blog is new and I liked it. I offered to be a contributor to that blog and its owner accepted.
I hope that you visit "The Great Lakes Small Business Blog" and check it out! You can find it here:
<http://greatlakesbusiness.blogspot.com/>
Mike Sylvester
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Several people have asked me what I think will happen in the next few months. I am going to give you my opinion on how I think things will g...
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With all the attention on the Presidential race I have slipped and not kept pace with the lower offices. Obviously I'm supporting Libert...
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4 comments:
Thanks for the free marketing! I look forward to absorbing some of your finance knowledge as we progress.
Mike, thanks for the tip, I went over and checked out his blog. He does a nice job.
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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