certification for small business

© 2012 CAPBuilder Network Group All rights reserved

Small Business Certification

© 2012 CAPBuilder Network Group All rights reserved 2

Marc Parham, Radio Show Host, MC/Speaker, Infopreneur


The Facilitator• KIMBERLY GRIFFIN• Owner DBE Consulting LLC• International Flight Attendant• Airport Consultant. 10 Minute Manicure - Opened 10 Airport locations in

US and Canada).• Owner Operator of Traveling Grace Massage & Spa Services, Inc. RDU

Airport• ACDBE, DBE,MBE,WOSB Certified


Agenda• History of Minority Business Enterprise Programs• Minority Certification History• Why get certified? Why Not?• Benefits of being certified• How do I get CERTIFICATION• Which Certification is right for your business?• NAICS Codes• Where do I Start?• UCP – PERSONAL NET WORTH• On-Site Visit


History of Minority Business Enterprise Programs

• MBE- Minority Business Enterprise• HUB Zone- Historically Underutilized Business• DBE- Disadvantage Business Enterprise• SBA- Small Business Administration 8A Program• SDVOSBC- Service Disabled Veteran-Owned small Business• ALL AFFIMATIVE ACTION PROGRAMS• Federal, State, and Local Government Programs


History of Minority Certification Programs

• 1960 JFK “gradual corrective change” at Federal Government level• 1964 Civil Rights Act• 1968 SBA established 8(a) program • 1969 US of Minority Business enterprise was established via Executive order

under President Nixon• 1976 Public Works Bill 10% local set asides for MBEs• 1976 Primes spell out MBE plans• City Of Atlanta becomes the Model and Roles out the “Atlanta Plan”• 1983 MBE program became statutory• 1987 Major amendment * added “WOMEN”• 1989- Supreme Court- Richmond v. Croson MBE unconstitutional


Minority Certification History•Requires state/local programs to be:• Supported by compelling interest•Narrowly tailored to meet compelling interest.•Which lead to Disparity Studies•Rulings did not affect federal programs•1995 President Clinton reviewed and decided to

“mend it, don’t it”


Minority Program History Summary• The purpose of the program is to level the playing

field in a significant portion of the nation’s economy• Two Essential points of INTEGRITY:• - Certification- screen to determine WHO is a

“REAL” MBE/WBE/ACDBEDBE and…•Monitoring- To determine who is really doing the

work.•More emphasis on “Race-Neutral”


Why get certified? Why Not?•City of Atlanta -Disparity study statistics• Hispanics MBEs 3%• African Americans 14%•Women 17%

• TO INCREASE THE NUMBERS•Mentor another small business• Open up more doors• Partnerships• Larger contracts


Benefits of being certified•23% Federal contracts dollars go to Small

businesses•5% Federal contracts go to Women•3% federal go to service disabled veteran-owned

business


How do I get CERTIFICATION

• In addition to meeting MBE/DBE requirements, firms must also meet separate SBA small business size standards for their type of business• Certain groups are rebuttable presumed to be socially and

economically disadvantaged. These include Native Americans, Blacks, Hispanics, Asian-Pacific Americans, Subcontinent Asian Americans, & Women• Each disadvantaged individual seeking certification for his or her

firm must submit a notarized certification of disadvantage and a statement of personal net worth


CERTIFICATION• Ownership and control requirements provide detailed,

specific, clarified standards for determining whether to certify firms• Each state has a Unified Certification Program (UCP) that

certifies DBEs for all DOT recipients in• Requires on-site visit


Which Certification is right for your business?• MBE• LSBE• SBE• WOSB• VOSB• DVOSB• Hub Zone• 8A• Dept. of Health/Dept. of Defense/Dept. Agriculture/ …


NAICS Codes• Private sector certification•WBENC• GMSDC• Requirements•Membership• Renewal• Benefits


Where do I Start?•Unified Certification Application•Document Checklist•Personal Net Worth


UCP – PERSONAL NET WORTH

•Owner’s share of the assets of the business• Income Statement-net sales, gross profit, net profit after tax, dividends/withdrawals•Working capital


UCP – PERSONAL NET WORTH• 1. Add Your Assets

• Cash on hand (checking and saving accounts) Stocks• Retirement accounts IRAs• Current pension values• Cash value of insurance policies (not death benefits)• Certificates of deposit• Vehicles• House• Other real estate properties

• To determine the current market value of your real estate (like your home), you can research recent sales of similar properties in your area, or just consult with a real estate agent. To assess the value of vehicles, check with current market price guides.


UCP – PERSONAL NET WORTH•2. Total Your Liabilities•When tallying your liabilities, include these:•Mortgage remaining• Credit card debt• Outstanding auto and student loans• Income taxes due• Taxes due on the profits of your investments (if cashed)


UCP – PERSONAL NET WORTH•Updates•Net worth expanded from $750K to $1.3 million


On-Site Visit

•Where, Why,


QUESTIONS


[email protected]


HOW TO CONTACT ME•[email protected]•Use the Have Questions Popup on the CAPBuilder Network Site•GOTO: www.meetwithmarc.com•Download my FREE Mobile App•CALL Me 770-634-7231

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