A Small Business Can Thrive in a Bad Economy
A GSA Contract can greatly benefit a Small Business to Thrive in a Bad Economy. Below you will find 3 Reasons to consider a GSA Contract in a tough economy. With the right approach, a GSA contract can be a valuable tool for any company looking to grow and thrive, even in difficult economic times.
Obtaining a GSA Contract can be a difficult process (GSA Focus is a great solution to make this easier 😊). But the benefits can be numerous and can provide a significant boost to a company’s bottom line, even in difficult economic times. Here are some of the key reasons why a GSA contract can be especially valuable in a tough economy.
1) Financial Benefits
A GSA Contract can provide very strong financial benefits to a company. Through several GSA systems, buyers can contract with GSA-approved businesses. These include Ebuy, GSA Advantage and GSA eLibrary. Close to $40 Billion goes through the GSA Schedule program annually, and this number typically increases every year.
2) Stable Revenue Stream
A GSA contract can provide a company with a stable and reliable source of revenue. Federal agencies are required to make a certain percentage of their purchases through GSA contractors. This can provide a company with a nearly guaranteed customer base (as long as you are competitive, competent, and engaged). This can be especially important in an economic downturn, when businesses may be struggling to find customers and maintain their revenue streams.
3) Credibility and Visibility
One of the primary benefits of a GSA contract is the credibility it brings to a company. When a company has a GSA contract, it demonstrates to potential customers that the company has been vetted and approved by the government, which can be a strong selling point for those looking for reliable and trustworthy vendors. Additionally, having a GSA contract can make it easier for a company to secure business from federal agencies, as these agencies often prefer to work with contractors who have already undergone the GSA’s stringent qualification process.
The GSA also maintains a website that lists all of its approved contractors, allowing federal agencies and other potential customers to easily find and contact GSA contractors. This can be especially valuable for small and medium-sized businesses that may not have the resources to aggressively market themselves to the government.
Conclusion: A Small Business Can Thrive in a Bad Economy
In conclusion, A Small Business Can Thrive in a Bad Economy. A GSA contract can be a valuable asset for any company. But it can be especially valuable in a tough economy. The credibility, visibility, financial benefits, and stable revenue stream that a GSA contract provides can help a company weather economic challenges and emerge stronger on the other side.
If your company is interested in pursuing a GSA contract, it’s important to carefully research the process and be prepared to demonstrate why your company is a good fit for the program.
Additional Reading:
How Small Businesses Can Survive In A Bad Economy (Zen Business)
How Your Business Can Survive And Thrive In A Recession (Brahmin Solutions)
How Your Small Business Can Survive the Recession (American Express)
