Federal Compass - Waypoints

In this episode of the Bourbon & Proposal podcast, we delve into the crucial role of human resource (HR) solutions in empowering small businesses to thrive in a dynamic and competitive landscape. We explore the importance of strategic HR practices, the challenges faced by small businesses, and the transformative impact that effective HR solutions can have on their growth and success.

Throughout the episode, we offer practical tips and actionable insights and explore how HR solutions can be a game-changer for small businesses, enabling them to overcome challenges, attract top talent, and unlock their true potential in today's ever-evolving business landscape.

For smaller federal government contractors, winning larger, more lucrative contracts is front of mind. This means there needs to be an in-depth understanding of how to implement an effective proposal development methodology. One of the most widely acclaimed methods is the Shipley Method - a comprehensive framework that guides contractors through the complex process of winning government contracts.

 

Used by a large portion of the top Fortune 100 companies, the intricacies may be far more complex than what your smaller team is capable of. If this is the case, this post is designed to help break down elements into more manageable steps to maximize your chances of success.

"In an era where federal contracting businesses are seeking to establish a competitive edge, Federal Compass emerges as a beacon of guidance, offering seven effective strategies to significantly improve the success rate in securing government contracts.

What is your capture management process? If you are like most government contractors, you identify opportunities, add them to your pipeline, put a strong bid together, and hope for the best. Not a bad process. Sometimes all you can do is hope for the best. While this process has worked for some, and maybe you, there are areas to vastly improve upon.

 

For smaller, less-established contractors, processes look relatively similar to one another due to budgetary and resource constraints. This leads to multiple people wearing multiple hats. The biggest problem...who wears which hat and what happens when they get too heavy?

 

Identifying opportunities is typically the business development (BD) person's job while the person or people putting the proposal together are the proposal managers. Easy to identify. Still, what happens in between is where many contractors struggle. The actual capture management process. Handing over data to another team that is accurate, up-to-date, relatable, and actionable, is often a struggle. Many teams use Post-Its, emails, or spreadsheets because they are cheap, relatively effective, and can work. While it would be easy to point out the issues with each of those methods, the goal is to help you improve your existing capture management process. 👍

 

The United States Geospatial Intelligence Foundation (USGIF) is hosting its 20th annual GEOINT Symposium at America's Center Convention Complex in St. Louis, Missouri from May 21-24, 2023. This is widely considered to be the largest annual gathering of geospatial intelligence professionals in the nation with more than 4,000 government, military, industry, and academia, expected to attend this year's symposium. We, Federal Compass, will be exhibiting and we hope you can stop by booth #1231 to learn more about us!

 

Everyone has their own definition of success. According to Merriam-Webster, success is defined as a "favorable or desired outcome" or "attainment of wealth, favor, or eminence." With a lot of room for interpretation, no wonder different people define it in various ways. In a study conducted between men and women and how they define success, women defined it as having a good life balance and good-standing relationships while on the other hand, men defined it as having more material items. While gender is not the only factor that should be taken into account, age, personality, and experience should also weigh heavily into the definition.

 

If you were to ask a college student what they thought success is you would probably get an answer about how they would get a high-paying job in their field and be able to retire young. If we could go back and ask ourselves at 18 what success is we would surely get a much different answer than we would give now. And to think I thought journaling was useless.

 

As a federal contractor, how would you define success? Not specifically for yourself and your team, but for someone new to the marketplace? Would your definition be close to where your current market position or would it raise some eyebrows and make you say " I think we need to make a few changes to do x, y, and z"?

Have you ever wondered how well-known businesses achieve that notoriety? In business, expansion is necessary for survival. Whether that expansion involves customer acquisitions in the same market or new markets or adding or changing products or services - businesses must change to accommodate the market's needs. For those in a government contracting business development (BD) role, continual growth and company expansion are imperative, not only for the company but for job retention. Even though you may order (too many times a day) from Amazon, they still have competitors trying to infringe on their market share.

Everyone brings something unique to the table. Maybe it is knowledge or expertise of a specific subject, an outgoing personality, an innate ability to strike up a conversation, or an analytical and data-driven mindset. No matter who it is, that person brings some sort of value to the table. While value differs in the eyes of the beholder, it is defined as having relative worth, utility, or importance. How it satisfies your team's needs is up to you.

As the largest procurer of goods and services in the world, the United States Federal Government opts to outsource its needs rather than satisfy them internally. Why? Because of the unique and technical specifications, they require in order to accomplish their missions. With the government turning to federal contractors to satisfy their needs, they require anyone who does business with them to abide by their strict guidelines and regulations. If you have ever seen the movie War Dogs, this is why guidelines exist and compliance matters.

Creating an identity as a business and adhering to it is an extremely difficult task. You want to provide a wide range of services, but you know that straying too far from your core competency can weaken your ideal offering. So you adopt a gradual expansion of your offerings and dip your toes into new markets. After several years of implementation, are you the same company you were before? Do you have a new company identity? Have your initial goals been met and are your new goals the right ones?