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MWBE Business Course: Deadline December 11





Benjamin Franklin said: "An investment in knowledge pays the best interest." At a certain point in the life cycle of a business, an investment in a business course, or coach, or combination of both will aid in growing your business. These professional coaches or programs are often pricey—you get what you pay for!—and no surprise, this may be a difficult expense to incur; especially for a sole proprietors. With so many workshops, webinars, conferences, programs, and businesses…




New York City Spends $1 Billion with MWBE Firms





It’s a good (and lucrative) time to be a minority-owned or women-owned business in New York City. Recent reports indicate the City has spent $1 Billion with MWBE firms, a $400 Million increase in just two years. The bigger picture indicates there is a tremendous opportunity for MWBE firms looking to sell their services or goods to the City in the future, for years to come. This is validated by Mayor de Blasio’s commitment to award $16…




5 Tips to Generate a Six-Figure Income with Discretionary Spending





As a small business owner or “solopreneur,” a lot of effort is required to balance the books—and a lot of strategy is needed to generate a six-figure income. One such strategy is to work with government agencies with discretionary purchasing authority.   What is a discretionary purchase? A discretionary purchase is a type of purchasing that enables government agencies to purchase goods and services through a simplified acquisition process. Many government agencies are using discretionary purchases—i.e. discretionary…




Do 20% of MWBEs Win 80% of the Work?





I recently reviewed the results of the New York State Disparity Study—and without surprise—it reveals that doing business with the government can still be a challenge for MWBEs. What I found most interesting was that in a lot of circumstances, the study reported that contracts are awarded to the same, prime contractors and MWBEs—despite their size and industry. These contracts were repeatedly awarded to the same firms over and over and over again. This reminded me of…




5 Tips to Increase Proposal Win Rates with Government Agencies





A large part of my business is advising folks on how to win proposals from government agencies. As mentioned in my last article, government agencies are typically the largest purchasers of goods and services throughout the United States. There is much business to be earned. I hope my tips below will propel you to win proposals from these agencies. 1. Market Research In order to increase win rates with government agencies, it is imperative that you do market…




Government Contracts for Minority- or Women-Owned Businesses in New York City





New York City Mayor Bill de Blasio made a commitment to award $16 billion of government contracts over 10 years to small minority- or women-owned business enterprises (MWBEs). At this year's Procurement Fair, he reiterated this promise. The importance of this commitment is that it creates opportunities for small businesses. These kinds of contracts are very important because government agencies are typically the largest purchasers of goods and services throughout the United States. (more…)




How to Get Paid As a Subcontractor





It has been my experience that subcontracting can be an excellent way for MWBE firms to increase market share while gaining valuable experience and past performance that is often required to do business with government agencies and large corporations. That said, when I suggest subcontracting to my clients, I am often met with resistance and hesitation.   One of the most common reasons that small MWBE firms are reluctant to subcontract is because of concerns about getting paid.  …




Are You Talking Yourself Out of Your Next Big Deal?





Last week I was on a coaching call with a client, sharing several new bids that came up in an emerging market.   Although the bid descriptions were not a direct match for the business, it was an opportunity to introduce the business and get in on the ground floor of an emerging market.  As we talked this client presented a laundry list of all the reasons why she could not pursue the opportunity. I won’t go through…




Why are you bidding on Projects You Are NEVER Going to Win?





Here is a simple tip about doing business with the government. Government agencies are risk adverse – they are not going to take a chance on companies that don’t have a proven track record of experience with contracts/projects of similar size, scope and complexity. Similarly, government agencies will not do business with companies that don’t have adequate resources to support contracts.   So, stop taking shots on contracts you are not going to win, and focus exclusively on…




NYS MWBE Program is Targeting Professional Services





Would it surprise you to know that 53% of New York State’s overall spending is on professional services? Well, it’s true – New York State spends more on professional services than any other category and there lots of opportunities for small MWBE firms. In fact, NYS recently announced a new initiative called Supply & Demand: Opportunities for MWBE Growth and Strategies to Increase MWBE Participation.   For information about the program, see the link below http://esd.ny.gov/MWBE/BusinessDevelopment.html#Supply So –…