8acertification

The 8a business development program is open to the businesses those are at least 51% owned or operated by socially and economically backward individuals. This 8a certification process helps this group, like women, minorities, veteran, disabled people, LGBT and other businesses that are specially considered disadvantaged due to their business location, sizes, access to a larger business economy in the US. These backward business owners can bid for government contracts, partners with other certified business holders and take proper advantages of special re courses offered by this program. 8a business development program was created by the US SBA to open the marketplace to small, disadvantaged businesses. Business in this 9 years program has good access to the sole-source federal contract, which means there are no other competitive bids, of up to almost $6.5 millions in manufacturing and other $4 million in general goods. The program also gives increased visibility to small ventures tr

The federal government’s aim is to award at least 5% of all federal contracting dollar to the woman operated small business every year. 8a certification is a primary process to the venture of 8a small business. The federal government limits competition for certain contracts to businesses that participate in women contracting program in order to offer a better leveled acting field for women business owners. These contracts are basically for industries where women-owned small businesses are underprivileged. Some contracts are chiefly restricted further to socially and financially backward women-owned small business. Here 8a certification plays an important role in 8a small business . Joining women’s contracting 8a certification program makes your business eligible to compete for the federal contract set aside for the program. Requirements for Women contracting program eligibility: It has to be a small business It needs to be at least 51% owned and operated by women who are US ci

When you are applying for 8a certification there are a lot of questions that arise in the minds of people. We have prepared a list of questions that are frequently asked and other information related to it. These questions will help in making your application easy as they will guide you to determine your eligibility criteria and also help gather the required documents. What is the biggest hurdle that we have to cross to apply for 8a certification? Well, this is a frequently asked and the answer to it is that your business should have functioned for a time period of two years. Unless and until, it has that amount of maturity you cannot apply for it. No doubt, there are exceptions to this  as sometimes a business is allowed before two years to apply, after it has completed several other formalities that include tax return, annual income and experience of owner. Another major hurdle towards 8a certification is that the owner must be able to give 40 hours per week to the work. The b

While there are many lucrative aspects of getting an 8a certification, it is no denial that there are some problems that are faced by people who hope to get 8a certified. Here we have listed out some of the commonly faced problems: Firstly, people are unaware of the eligibility criteria and are not able to recognize their eligibility. Being disadvantaged owner does not only pertain to a bias narrative but there are many other formalities that need to be fulfilled in order to go through the application process, successfully. It is suggested that one goes through all the criteria and also gathers all the related documents that will be attached with the application and evaluated by SBA officials. A complex application form makes it difficult for people to fill in all the details. The length of form runs to around 30 pages with people taking about a month to put together all the details and send it. After that, there is additional 3 months taken by the SBA to go through the applicati

Procuring 8a certification does not guarantee to get 8a contracts in the federal market. The struggle is half done in fact wasted if not able to procure federal contracts as the participants for the program is only for once in a lifetime. So, to get over the dilemma of not getting contracts, the best strategy is to do correct marketing for the 8a certification which the company owner has procured after plenty of effort and hard work. It is a known fact that the federal market is very different from the commercial market and so the way they perform varies a lot. Marketing in the federal market means to let know of the existence of the company which is the new arrival in the government marketplace. There are different ways and strategies to get the job done. So instead of wasting time in designing the strategies, the companies can hire the consulting firms who guide the companies with 8a certification to announce their arrival. Well, if the company does not want to spend on these

The application for 8a certification undergoes a lot of analysis by the SBA as they want only the eligible and qualified firms and companies get the acceptance to the program. The minority program which is also known as 8a program is the direct aid provided by the federal to the companies who suffer from racial discrimination and other disadvantages. The SBA program is intended to pull them out from the crisis by offering them the opportunity to do trade with the government and its agencies directly. The 8a certification proves that they are qualified for the program and have the potential to meet the federal standards and norms. What are the consequences if the application for 8a certification is submitted incorrectly? The application will be rejected right away and may be penalized for not allowing it for further re-applying. However, no applicant commits the errors intentionally, yet there are instances where a silly issue or error has caused the rejection or denial. The com