Does 8a Certification help a small business?

 

 

8A certification is a very well-known term for small business owners in the US. This certification is a diverse certification by which US Govt. helps the small business owner in an effective way to spread them to the world. This business development program generally provides some sort of training, consultation, marketing strategies, counseling also some technical assistance, etc. This certification process is specially designed for the socially and economically backward business of the US. This certification plays a major role in the case of the service which is provided by the development program.

 


Key Point

  • The 8A certification will help to enlarge the scope of the GSA schedule.
  • If any business wants to get their certification then it takes almost 45 days to complete the whole process.
  • A company who is applied for 8A certification then the company’s 51% owned and controlled by the US Govt.
  • This certification is more beneficial for those companies who face drawbacks economically.
  • A company should have a gross income of 350k dollars or less than 350k dollars in assets.
  • A strong character or an effective potential character to perform on contacts for this certification system.
  • If a company owners think to apply for GSA certification then 8A certification is mandatory at the initial stage
  • In the US approximately 24 million small businesses are enlisted but approximately 9000 have been certified by the 8A or business development Program.
  • A company that is going to apply for the certification should have direct ownership otherwise any kind of different firm trust is not entertained.
  • Those who are going to apply for the certification process must belong from either a mini or small company structure.


Advantages of 8A Certification

This certification process provides a better opportunity and a better perspective to those small businesses who are applying for the 8A certification. Training will help those businesses to get and clear idea about the market; counseling will help them to determine their faults, their weakness, their market, their targeted audience, etc. These four terms are very common but their importance in a business is extreme so small businesses will start to flourish when they will get the proper training or they will get a proper mentor. This 8A certification is one of the best opportunities for the small and medium scale business owner who wants to see a long figure in their gross income.

 

 

 

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