Veterans Business Resources

a portal for all Veterans and SDV Small Business Owners

Building Strategic Alliances to grow your Veteran-Owned Small Business

A great way to grow your Veteran-Owned Small Business is through forming Strategic Alliances.  Strategic alliances by definition are an arrangement between two or more companies that have decided to share resources to undertake a specific, mutually beneficial project.  This sounds like a prime and sub relationship and it certainly can be.

In a Strategic Alliance, each company maintains its autonomy while gaining a new opportunity.  A strategic alliance could help a company develop a more effective process, expand into a new market or develop an advantage over a competitor, among other opportunities.

How do you arrive at the point of forming a strategic alliance with another company?  You have to get to know people and people have to get to know you.  The absolute best way for this to happen is through Networking.  You have to make yourself available and open to possibilities.

Wrap your mind around and embrace the opportunities Strategic Alliances can offer you and your Veteran-Owned Small Business.

 

See you on the high ground!

 

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Filed under: Government Contracting, Networking, Registrations & Certifications, Research, Woods Consulting Group, , ,

Invest in Your Contracting Education

As a Procurement Consultant, I am often asked many questions about Government Contracting.  Without boasting, allow me to make this statement that we can accept as a given.  “I know my business, period!”  I can answer most questions asked of me without needing to conduct any research at all.  Other questions, however, require research and are in many cases quite intriguing.  They are the questions or situations I am curious about and want to know answers to myself! 

The results are always positive.  I learn something new and my clients receive the information they were seeking.  Everyone wins!  This process continues to refine my skills as a Procurement Consultant, solidifies my reputation for delivering top quality results, all the while ensuring the client’s needs are met and in most cases exceeded.  While both the client and I receive a positive from the exchange above, I believe the rewards to my Contracting Education are greater. 

Every Government Contracting question and every Government Contracting situation that forces you to stop, to conduct research, to think about or to inquire about only serves to strengthen your Contracting Education. 

Are you investing in your Contracting Education?  If so, how?  Tell us what you’re doing and with what results.  

 

See you on the high ground! 

Filed under: Getting Started, Government Contracting, Research, Woods Consulting Group, , ,