When you are on the verge of establishing your own business, it is definite that you will find some kind of support in order to bypass the possible hassles. And none other than the minority business certification plan of federal government can provide such a prospective opportunity that take the venture few steps ahead. In fact, not only for the start up ventures but many established brands also look for the ways to get 8a certified in order to generate more revenue through potential clientele. So, how does the Hubzone Certification program benefits a business process?
When your business gets the Hub Zone Certification, it becomes eligible to avail all the opportunities offered by the federal government. It is obvious that with the 8a Certification program the primary benefit is the prospective federal contracts. However, apart from that there are plenty of other benefits that drive the SBA 8a program towards a definite success.
SBA 8a small business development program has actually been developed by the US federal government to provide minority owned or disabled veteran owned business development support, such as financial assistance, procurement assistance, mentoring, business counseling, training, surety bonding and other business set up management and technical assistance. The goal of Hub Zone certification program, however, is to prepare small disadvantaged firms for procurement and other business opportunities in the federal and commercial market.
Service disabled veteran owned small business award assists such companies in gaining access to competitive and sole source 8a set-aside business contracts. 8a contracts can be designated as 8a set-asides, meaning only 8a companies can compete for those contracts. With such objective, federal certification authority levels the playing field for these companies. The eligibility criteria is stringent but is not unreachable. You can easily get 8a certified presenting all the needed official documents. According to the recent report, business contracts of around $16 billion has been awarded to the 8a certified disabled veteran owned business processes.
Selling services or products to the federal agencies is comparatively easier than making business deals to the open market. Indeed, there are prospective purchasing officers who will choose to buy your product or service simply because you are a minority business certification owner. But, still you must keep the fact in mind that, your business quality should beat the others so that you can worth the expense the federal agencies will be making on you. Once the federal contracting officers see the valued expenditure of keeping incumbent 8a companies, there will hardly be any better ally for your company. Those prospective contracting officers will do what they can to work with your company, and will utilize your 8a certification status completely for their business development.
So, we can conclude that, the federal Certification is just another arrow in the quiver. Even with the federal recognition and assistance an 8a certified company will need to work at acquiring sales and contracts; they have to compete with the able competitors.
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