"You're In the Spotlight"
SUE's Spotlight seeks to highlight for profits and non-profits that its members would want to do business with. Each month, the AB - Advisory Board highlights one or two businesses.
If you are interested in being a featured business (for profit or non-profit) call our office at 888-482-2426 / or send an email to info@suenet.org
You're In the Spotlight
TIP OF THE MONTH - NJIT- PTAC
Teaming Up For More Opportunities
Teaming with other companies and organizations can be tremendously beneficial in many ways for small businesses. For example, when you have a larger (or more experienced) teaming partner as your subcontractor, you can expand your capacity and geographic footprint, enhance your team's past experience and past performance, get assistance with proposal writing, increase your financial capability to fund awarded contracts, and increase your bonding levels (when applicable).
However, you don't have to be a prime contractor to benefit from teaming. An often overlooked aspect of teaming is the greater number of opportunities your firm may be able to access as a subcontractor. In this tip of the month, we discuss three types of entities you should consider teaming with as a subcontractor to potentially increase the number of opportunities you can pursue and win.
Entity 1: Large Prime Contractors. Large prime contractors well positioned in the government marketplace enjoy a steady flow of opportunities. In many cases, the government also requires these large primes to have subcontracting plans with specific goals and a plan to maximize opportunities for small businesses. However, even without a subcontracting plan, most large primes have plenty of subcontracting work to go around.
Entity 2: Other Small Businesses. Teaming with other small businesses can give you access to set-aside opportunities in socio-economic categories where you don't hold a certification such as 8(a), Women-Owned, Service Disabled Veteran Owned, HUBZone, etc. In this challenging economic climate, you can expect to see more set-asides as the federal government seeks to support and sustain small businesses. Furthermore, you may find that it's easier to team with other small businesses whose owners and managers are more open to connecting and discussing teaming opportunities.
Entity 3: Non-Profits. Many contractors overlook non-profits as a potential source of subcontracting opportunities. However, non-profits receive a good portion of the government's annual spending through grants and contracts. Besides, in many cases (but not all), for-profit firms can't go directly after grant opportunities and, therefore, need to team up with a non-profit to get a share of the grant funding.
The bottom line is this: You may find many more opportunities coming your way if
Teaming with other companies and organizations can be tremendously beneficial in many ways for small businesses. For example, when you have a larger (or more experienced) teaming partner as your subcontractor, you can expand your capacity and geographic footprint, enhance your team's past experience and past performance, get assistance with proposal writing, increase your financial capability to fund awarded contracts, and increase your bonding levels (when applicable).
However, you don't have to be a prime contractor to benefit from teaming. An often overlooked aspect of teaming is the greater number of opportunities your firm may be able to access as a subcontractor. In this tip of the month, we discuss three types of entities you should consider teaming with as a subcontractor to potentially increase the number of opportunities you can pursue and win.
Entity 1: Large Prime Contractors. Large prime contractors well positioned in the government marketplace enjoy a steady flow of opportunities. In many cases, the government also requires these large primes to have subcontracting plans with specific goals and a plan to maximize opportunities for small businesses. However, even without a subcontracting plan, most large primes have plenty of subcontracting work to go around.
Entity 2: Other Small Businesses. Teaming with other small businesses can give you access to set-aside opportunities in socio-economic categories where you don't hold a certification such as 8(a), Women-Owned, Service Disabled Veteran Owned, HUBZone, etc. In this challenging economic climate, you can expect to see more set-asides as the federal government seeks to support and sustain small businesses. Furthermore, you may find that it's easier to team with other small businesses whose owners and managers are more open to connecting and discussing teaming opportunities.
Entity 3: Non-Profits. Many contractors overlook non-profits as a potential source of subcontracting opportunities. However, non-profits receive a good portion of the government's annual spending through grants and contracts. Besides, in many cases (but not all), for-profit firms can't go directly after grant opportunities and, therefore, need to team up with a non-profit to get a share of the grant funding.
The bottom line is this: You may find many more opportunities coming your way if
- You know where your business has the best fit (think subcontracting),
- You know where the money is flowing to the companies in your industry,
- You proactively build relationships with other businesses, and
- You can make your partners better and more competitive.
Eldonie S. Mason, Esq.
Founding Member of Mason Firm, LLC has been selected as a Class of 2019 Grand Marshal for Jersey City Carnival, representing the island of Antigua. Carnival '19 is Jersey City's exciting twenty fourth annual Statewide Caribbean Carnival Parade which will be held on Saturday, July 27th, 2019, starting at 12:00 p.m. from Jersey City's Lincoln Park. The Carnival brings together the music and culture of the Caribbean and last year the event drew over 20,000 people.
Tanisha Garner is the owner of Chozin Designs,
A business developed as a budding entrepreneur that creates custom made jewelry and t-shirts. Her customers range from youth to adults. I am also a recent graduate from Rising Tide Capital in January and I was selected to be part of the “Newark Shops” through the Newark Economic Development Corporation. I had the honor to cut the ribbon and present a speech for our grand opening.
During that week a tragedy took place at John W. Hyatt Court, which is next to Hawkins Street School, which shook our community. We came together and hosted a community talk where we strategized ideas to help keep our youth focused in a positive direction and allowed our neighborhood to heal. On October 20, 2017, in partnership with Newark Fire Department, Newark Police Department, Hawkins Street School, and St Aloysius Church, and The Rock Church. The event was called “Love Where You Live, Live Where You Love”. The goal was to improve self-esteem and self-love through artistic expression which included a Poster Contest. This event gave back to our community. The students also received sponsored tickets from the NJ Devil's and Newark Cityplex12.
How was it created?
Chozin Designs was created through self determination which led me to create my own financial freedom. It’s about self determination and believing in oneself. Chozin Designs is about Confidence and self awareness. I also had a chance to teach at Summer plus Enrichment rogram as a Specialist in Jewelry Making and Newark 350 year celebration at the Passaic River teaching a jewelry class.
Chozin Designs - www.instagram.com/chozindesigns
A business developed as a budding entrepreneur that creates custom made jewelry and t-shirts. Her customers range from youth to adults. I am also a recent graduate from Rising Tide Capital in January and I was selected to be part of the “Newark Shops” through the Newark Economic Development Corporation. I had the honor to cut the ribbon and present a speech for our grand opening.
During that week a tragedy took place at John W. Hyatt Court, which is next to Hawkins Street School, which shook our community. We came together and hosted a community talk where we strategized ideas to help keep our youth focused in a positive direction and allowed our neighborhood to heal. On October 20, 2017, in partnership with Newark Fire Department, Newark Police Department, Hawkins Street School, and St Aloysius Church, and The Rock Church. The event was called “Love Where You Live, Live Where You Love”. The goal was to improve self-esteem and self-love through artistic expression which included a Poster Contest. This event gave back to our community. The students also received sponsored tickets from the NJ Devil's and Newark Cityplex12.
How was it created?
Chozin Designs was created through self determination which led me to create my own financial freedom. It’s about self determination and believing in oneself. Chozin Designs is about Confidence and self awareness. I also had a chance to teach at Summer plus Enrichment rogram as a Specialist in Jewelry Making and Newark 350 year celebration at the Passaic River teaching a jewelry class.
Chozin Designs - www.instagram.com/chozindesigns
Just Remember
Yes Girl Inc, is a non- profit organization whose mission is to empower females ages 14-21 to become leaders and change agents in their community by building self-esteem, embracing inner creativity, and developing positive social capital. Yes Girl offers a series of models and interventions that contribute to the mental, physical and social health of the active participant. Interventions are designed to serve communities, faith based organizations, middle schools, high schools, post-educational academic settings and other non-profits. Services are provided through workshops, seminars and motivational speaking."http://www.pikore.com/yesgirlinc
Again, thank you for this opportunity to make the connection.
Again, thank you for this opportunity to make the connection.
