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Stop Ignoring Business Development—It’s Why Small Firms Fail

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Manage episode 506672849 series 2905206
Content provided by Eric Coffie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eric Coffie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On today’s Daily Windup, I break down the reality behind recent reports on the federal contracting market. While confidence is up thanks to the $2 trillion Infrastructure Investment and Jobs Act, the truth is small businesses are struggling more than ever. We’re seeing 30% fewer small business entrants into the federal marketplace and 40% fewer firms supporting the government compared to just a decade ago. Agencies like NAVFAC are shifting nearly everything into long-term MAC and IDIQ contracts—deals most micro-businesses with under 10 employees can’t even qualify for. The result? A widening gap between small firms and the billion-dollar giants.

But here’s the opportunity: the same reports highlight strategic teaming initiatives, business development, and cybersecurity as top priorities for success. I’ve seen firsthand how critical these are—I’ve even been hacked three times this year, and the government is about to roll out stricter CMMC cybersecurity requirements across solicitations. If you don’t master BD, teaming, and compliance, you’ll be left behind. This episode is my straight talk about the risks, the trends, and the skills every small business needs to survive in government contracting today.

  continue reading

572 episodes

Artwork
iconShare
 
Manage episode 506672849 series 2905206
Content provided by Eric Coffie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eric Coffie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On today’s Daily Windup, I break down the reality behind recent reports on the federal contracting market. While confidence is up thanks to the $2 trillion Infrastructure Investment and Jobs Act, the truth is small businesses are struggling more than ever. We’re seeing 30% fewer small business entrants into the federal marketplace and 40% fewer firms supporting the government compared to just a decade ago. Agencies like NAVFAC are shifting nearly everything into long-term MAC and IDIQ contracts—deals most micro-businesses with under 10 employees can’t even qualify for. The result? A widening gap between small firms and the billion-dollar giants.

But here’s the opportunity: the same reports highlight strategic teaming initiatives, business development, and cybersecurity as top priorities for success. I’ve seen firsthand how critical these are—I’ve even been hacked three times this year, and the government is about to roll out stricter CMMC cybersecurity requirements across solicitations. If you don’t master BD, teaming, and compliance, you’ll be left behind. This episode is my straight talk about the risks, the trends, and the skills every small business needs to survive in government contracting today.

  continue reading

572 episodes

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