Sometimes it seems like the government speaks another language. There are thousands of government acronyms, from agency names to company designations to personnel titles.
In today’s post, I provide a short glossary of government-contracting acronyms.
Phase 1 Acronyms
GSA: This is probably the most basic government-contracting acronym you’ll come across. It stands for the General Services Administration – the government agency that connects government buyers with commercial sellers. If you want to sell to the government,...
As an employer, you can be held liable for actions that occur during or as the result of your company-sponsored social event – particularly if alcohol is being served. It’s a concept known as social host liability, and it is recognized by many courts across the country. While each state’s laws differ, there are some general guidelines you can follow to make sure your holiday festivities are fun, safe and don’t land you in court.
Make sure employees understand attendance at the company-sponsored event is purely...
Manage your long-term goals and the short-term steps to achieve them. Develop measurement and accountability. Optimize your use of resources. Manage your business better. All of these benefits can be part of business planning process, whether you fully develop a formal business plan document, or not.
This is a classic case of keeping it simple. I call it the Plan-as-you-go Business Plan. It's just big enough to manage your business, with no extra effort. I could also call it the 'just-big-enough business plan.' It's not a plan...
Producers, distributors, marketers,
equipment manufacturers, and representatives from just about every area of the
domestic wine industry have embraced social media strategies with plenty of
enthusiasm. What have been the results of this emergence in such accessible
technology that is still new but clearly powerful? And what does it mean for
the rest of us?
Here are five ways you can benefit
from what the online wine world has accomplished. In short, do what they do:
1. Boost your involvement in a trade
group. What could be more
28Number of places in the United States named Plymouth, as in Plymouth Rock, the landing site of the first Pilgrims. Plymouth, Minn., is the most populous, with 71,486 residents in 2008; Plymouth, Mass., had 55,705. There is just one township in the United States named “Pilgrim.” Located in Dade County, Mo., its population was 128 in 2008. And then there is Mayflower, Ark., whose population was 2,231 in 2008.
Where did I find all of those nifty statistics, and much more, about Thanksgiving? I went to Facts for Features &...
Consumers have it easy—they use their Social Security number to file their taxes, open up a bank account, and obtain a credit card. When it comes to businesses, however, things can get complicated; you usually have to use a different number for various purposes.
Here are the numbers you may need to obtain for your business.
Employer Identification Number An employer identification number (EIN) is a nine-digit number used as a business’ federal tax ID number on all federal tax returns. Businesses, such as partnerships and...
During a recent meeting with a partnering Chamber of Commerce President, I was asked if I ever do training for individuals who HAVE MONEY, want to start a business, but don’t know what type of business to start. Well, in this economy that’s a phenomenal position to be in, and as I explained, one we don’t encounter often. However, it is definitely a challenge I would be delighted to undertake, after all, who doesn’t like an opportunity to spend a little money?
To begin to answer the question of what type of business to...
If you travel on business regularly, or even occasionally, you know how important it is to get work done while on the road.
I travel one to two times a month, usually by plane. I've done that for many years, both as a small business owner and previously when in the corporate world. Over the years my 'travel rig' as I call it, has changed. As new technology comes along, I find myself trying out and adopting new solutions. Today these solutions are smaller, more convenient and ... more fun.
I'd like to share a few tips I've...
It takes the right personality traits to be a franchise business owner. It's just not for everybody.
Just like everyone is not cut out to be a US Air Force Thunderbirds * jet pilot, flying around at 1,000+ mph, so it is with small business ownership. Being a small business owner requires certain personality traits on its own.
The business model of franchising brings with it a totally different set of issues. Not only must you be somewhat of a risk taker, but you must have absolute faith in the system you are investing in. Along with...
It’s amazing how many questions within the Business.gov Community focus on selling to the government. It seems as though every other post is from another small-business owner asking, “How do I get started?”.
It’s not surprising, given the shaky commercial economy, that small-business owners are looking for a way to tap into the steady flow of business the government provides to many thousands of companies every year.
And, this makes good business sense. The government spends nearly $589 billion each fiscal...