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Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas 75220 thecmiteam.com 855-939-9500 Royalyn B. Reid President and Co-Owner Consumer & Market Insights (CMI)

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Page 1: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Identify Your Target Market for Federal ContractingPoint Your Arrow at Your REAL Target!

June 26, 2012

2351 W. Northwest Highway, Suite 2200Dallas, Texas 75220

thecmiteam.com 855-939-9500

Royalyn B. ReidPresident and Co-Owner

Consumer & Market Insights (CMI)

Page 2: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Agenda

• Learn the Culture• Three Common Road Blocks• Use Available Resources• Create a Winning Plan• Fundamentals of Success• Question & Answer

Page 3: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Welcome & Introductions

• About Me – Royalyn Reid• About You

– Why are you here?– What do you want to get out of this session?

Page 4: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Learn the Culture

• Purpose• Structure• FAR (Federal Acquisition Regulation)

– www.acquisition.gov

“How Do I Simplify the Process?”

Page 5: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Learn the Culture

“How Do I Simplify the Process?”

Set Asides Certifications• Full and Open• GSA Schedule• Set Asides * Small Business 8(a) * HUB Zone * VOSB/SDVOSB * WOSB

• SBA 8(a)• SDB• HUB Zone• WOSB• VOSB/SDVOSB

Page 6: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Three Common Road Blocks

• Failing to use available resources• Failing to create a winning plan• Failing to prepare effectively

Page 7: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Use Available Resources

• Don’t try to do it alone!• View key resources as an extension to your business• Recommended resources

– Minority Business Development Agency (MBDA) Centers– Procurement Technical Assistance Center (PTAC)– Small Business Administration (SBA)– Small Business Development Center (SBDC)

“Leveraging Your Resources to Work for You”

Page 8: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Create A Winning Plan

• Determine who buys what you sell• Identify your target agencies• Narrow the playing field

“Identify the RIGHT Agency”

Page 9: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Create A Winning Plan

• Three Primary Sources– Online– Conferences– Outreach Sessions

“Find the RIGHT Opportunities”

Page 10: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Create A Winning Plan

• Online Sources– FedBiz Opps– CCR– PTAC Bid Matching– Deltek GovWin IQ

“Find the RIGHT Opportunities”

Page 11: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Create A Winning Plan

• Local Conferences– Alliance Texas– American Express Open– Government Procurement Conference

• Washington, DC Area Conferences– Office of Small Disadvantaged Business Utilization (OSDBU)

Conference (April)– SBA National Small Business Week Conference (May)– MBDA MED Week Conference (September)

“Find the RIGHT Opportunities”

Page 12: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Create A Winning Plan

• Local Outreach Sessions– Agency specific through OSDBU– www.osdbu.gov

• Matchmaking Sessions– Conferences– Business Matchmaking– www.businessmatchmaking.com

“Find the RIGHT Opportunities”

Page 13: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Create A Winning Plan

• Go where your future clients are• Identify true small business champions• Be prepared to do your part in the relationship

“Build the RIGHT Relationships”

Page 14: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Create A Winning Plan

• Be open to learn and grow• Be willing to make the necessary adjustments to your

business model• Be prepared to follow through• Be prepared to do whatever it takes

“Do the RIGHT Things”

Page 15: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Key to Government Contract Success

• Learn the culture• Build relationships• Team• Bid responsiveness• Persistence!

Page 16: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

Questions & Answers

Page 17: Identify Your Target Market for Federal Contracting Point Your Arrow at Your REAL Target! June 26, 2012 2351 W. Northwest Highway, Suite 2200 Dallas, Texas

For more information, please contact me at:Royalyn B. Reid

President and [email protected]

855-939-9500thecmiteam.com

Dallas OfficeDallas Office2351 W. Northwest Hwy

Suite 2200Dallas, Texas 75220

Washington, DC OfficeWashington, DC Office444 Capitol Street NW

Suite 445CWashington, DC 20001