What’s the biggest hurdle for small businesses doing business with the government – establishing reliability. Critical to a small business’s success is knowing the essentials of managing, marketing and financially supporting a business effectively.
Are small businesses risks for government? According to government statistics, small businesses are responsible for more than 50% of the workforce across the USA. Don’t believe it? In a downward economy the small business is usually affected first, and over time the impact moves up the ladder to larger corporations.
It’s a natural cycle of progression, when small businesses reduce staff, large corporations see the reduction of sales – manufacturing orders decline and at the end of the cycle is the government, experiencing a loss of revenues in the form of taxes.
What’s it take for a small business to grow and successfully do buisness with the government? It’s not just selling a great idea, or even mass marketing. Small businesses need to consistently reinvent themselves, improving the last product and preparing for the next. These are the values customers are looking for and traits small businesses need to embrace to survive the swings of the market and the economy when doing business with the government.