Mastering Cost Estimating for Professional Services: Tips and Insights for MWBEs
Cost estimating is one of the most critical aspects of running a professional services business—especially when bidding on government contracts. For Minority- and Women-Owned Business Enterprises (MWBEs), getting this right can mean the difference between securing a profitable contract and facing financial stress. It’s not just about crunching numbers; it’s …
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The Basics of Subcontracting for Construction & Professional Services: Opportunities and Risks for MWBEs
Subcontracting can be a powerful way for Minority- and Women-Owned Business Enterprises (MWBEs) to break into the world of government contracting and large-scale private projects. The benefits are clear: subcontracting offers MWBEs a chance to gain valuable experience, establish past performance, and build relationships that can lead to larger opportunities. …
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Contract to Cash: Financial Blueprint for Scaling Your Service Business
If you had the chance to talk with two of the most successful female entrepreneurs in the country about financial success and scaling through doing business with government agencies and corporate clients FOR FREE…, would you take it? Now that you have scaled your business to that million-dollar threshold, you …
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Why Performance Evaluations Are So Important
An integral part of the contract management process is the conduction of performance evaluations. These evaluations allow agencies to assess and document how well (or how poorly) vendors are managing the contract and mainly focus on three main areas: Quality, Timeliness Of Performance, and Fiscal Administration & Accountability. The evaluation …
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Navigating the Contract Award Process
Are you struggling to navigate New York City’s often lengthy and tedious contract award process? The contract award procedure with the city of New York can be tricky. First, there are numerous tasks to be addressed and completed before the beginning of a contract. Second, it can be difficult to …
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Navigating Opportunities through the City of New York
Over the last year, you may have felt like there was a lack of opportunities available to everyone, but especially for small businesses. And that’s understandable because IT’S TRUE! 2020 was a wasteland of a year in many ways, but we cannot overstate the damage it inflicted on small businesses …
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Best Practices for Responding to and Winning RFPs
If you are looking to add government agencies to your client roster, you are going to have to develop expertise in responding to and winning RFPs. Here are my recommendations for some of the best practices you can follow: Read the Entire Solicitation: Avoid skipping right to the scope of …
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Exciting New Opportunities for Creative Service Professionals
New York City’s goal to award $16 Billion to MWBE firms, combined with the increase in discretionary purchasing authority to $150,000, has created several new opportunities for creative service professionals’ companies that we have not previously experienced before. If you look around New York City, you’ll see several marketing and …
Read MoreMake New York City Your New Customer
Looking for new clients? In fiscal year 2018, New York City purchased nearly $900 million in goods and professional and standard services. New York City purchases almost anything — ranging from food, office supplies, equipment, consulting, creative services, and more. You name it, there is a good chance New York …
Read More3 Investments (Business & Personal) You Should Make in 2018
The New Year presents a great opportunity for new beginnings and better habits in all areas of your life—and your business is no exception. All business owners know: improving is part of growing your business. After all, growth spurts in business are sometimes referred to as “growing pains” for a …
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