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Strategic Alliances: The Power of Joint Ventures in Federal Contracting


Strategic alliances are business arrangements between two companies that involve themselves in a mutually beneficial project while retaining their independence. Strategic alliances are less binding and offer exceptional options for the business to expand into new markets and enhance its product lines. Strategic alliances offer a competitive edge for businesses and allow two businesses to work towards a common goal that benefits both their operations. Strategic Alliances and Joint Venturing – How Do They Benefit the Business The primary objective of joint venturing in most industries is to venture into new markets and use unique technology to uplift their process. It has been estimated that more than 40% of the companies venture into strategic alliances to customize their legal, governance, and operational design. There are a number of reasons why a company may choose to enter into a strategic alliance, and they are as follows. Joint ventures are for those organizations who are waiting to make immediate financial impacts by leveraging the resources of another company. This way, they are also able to improve their short-term position in the market. Some companies may not have the capital to enter new markets. But, they can take advantage of other companies that […]


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Small Business Grants for Women and Federal Contract Opportunities


Small business grants are ideal ways for small and medium-sized businesses and women-owned businesses to seek federal contract opportunities. The federal government has decided to award at least 5% of all its contracts to businesses owned by women every year. This program also offers a level playing field for women business owners. By awarding small business grants for women, the government aims to limit the competition for certain contracts to women-owned small businesses.  Benefits of the Women-Owned Small Business Federal Contract Program Women own more than 33.2 million small businesses in the United States. Though these businesses prove significant economic growth, the women-owned businesses get only 2.1% of the venture capital funding in the US. There are several advantages of small business grants for women, and they are as follows. Small Business Grants are Available for Women Entrepreneurs As more and more women are jumping into entrepreneurship, there is an increasing need for funding and supporting women-owned businesses. Some of the federal small business grants for women are as follows. Women entrepreneurs thus have many grant options at both the state and federal levels to aspire female entrepreneurs to help them find a suitable grant that aligns perfectly with their […]


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Federal Contracts for Minority-Owned Small Businesses through Set-Aside Opportunities


To render a level business field for small businesses, the government offers certain concessions in important contracts to small businesses. It does this by limiting competition in these contracts, which are also known as small business set-asides. These contracts help minority-owned businesses to compete and win federal contracts. Federal Contracts for Minority-Owned Small Businesses The Federal government has been establishing formal goals for small businesses to enjoy a fair share of work. It is worth knowing that every purchase by the Federal government between $10,000 and $250,00 has been set aside automatically for small businesses, as long as two companies offer products and services at a very fair and reasonable price. The businesses that qualify for this special concession by the Federal Government are as follows. Women-Owned Small Businesses In these businesses, about 51% or more of the businesses are owned and controlled by one or more women who are citizens of the United States. The size of the business should also be small and be by the SBA size standards. Small Disadvantaged Businesses These businesses are also known as 8(a) small businesses, and they should be a small business and should not have participated in the 8 (a) program […]


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