WHAT THEY DONT TELL YOU ABOUT GOVERNMENT CONTRACTING!
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- čas přidán 13. 11. 2023
- Ever wondered what they DON'T tell you about Government Contracting? Look no further! In this must-watch video, we spill the beans on the insider information and hidden truths that can make or break your success in the world of government contracts.
📈 Discover the untold strategies for navigating the bureaucratic maze and landing lucrative contracts. From the hidden pitfalls to the golden opportunities, we've got you covered.
🗣 Government Contracting Course is HERE!! Click the link below!
www.Sheenapreneur.com
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I’ve worked with dozens of contractors making millions and was awarded the 1st & 2nd contract I bid on! I want to help you get to $1 million!
If you’re ready to unlock the keys 🔑 to your GOVERNMENT CONTRACTING success, drop a key 🔑 in the comments!
Your government contracting, local contracting, corporate contracting business starts NOW! Treat yourself to a six figure business. Follow the steps and become a WINNER - it’s that easy! 🗣
I am Sheena Parker, the creator of GovConNOW Contracting Course. I am your Government Contracting Authority. I teach people how to become 3-tier contractors and maximize your chances of winning Federal Government Contracts, Local Contracts and Corporate Contracts.
Sheenapreneur.com
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THIS VIDEO: • WHAT THEY DONT TELL YO...
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Listen, I work 2 jobs in tech and I set my llc up today. I have capital AND I have the drive to fulfill some of the work myself as I grow. Your videos are highly inspiring to a woman like me. I was a stripper 2 years ago and now I’m a cyber security consultant. Keep the posts coming. I will watch them all over the next 4 weeks while my filing completes. Finding your channel feels like confirmation after FINALLY making a needed step towards my million dollar year.
+@polescodes wow good for you! Keep pushing because you will get there if you are intentional and focused! thank you for sharing your story
What was your stripper name?
Love your story. Could you share as of what you did to become a cyber security expert? Thanks
Lots of good nuggets here. Especially the funding part.
This was the exact video I was looking for. The organization BEFORE you start.
Thank you sis for all of the great nuggets and content! May God continue to bless you and your business in Jesus Name Amen 🙌🏽👆🏽🙏🏽
Here for it 🙋🏽♀️
This was great advice, thank you!
Thank you for all of this detailed information What a true Blessing you are!
Great advice!
Great information
Thank you for sharing
I used my Affirm credit to kick off my government contracting business lol. Seriously, that 10k credit that I randomly got approved for a few years ago and never used/forgot about came in clutch. Used that as a buffer for the time between purchasing/delivering goods and the agency issuing a check. Did all this while working full time as a retail manager. Even doing this part time and nit picking smaller contracts, I made $47k last year thru my sole proprietor/employee LLC that Im running out of my house. Unless Im making mid six figures, I wouldn't think about hiring employees (and the insurances that comes with that)
+@mugshotmarley Congrats to you for finding a way in! You know what works for YOU!
This makes perfect sense.
Great information t lady
Thank you sooooo much ! GOD BLESS YOU I NEEDED THIS SO MUCH!
Thank you
Thank you for the great information. God bless you!
You are so welcome!
This is good!
+@djraston Thank you! 🙏🏾
🔑 count me in please!. I’m a young mother and wife and I have a lot of time on my hands. I need and want to work for myself and this seems like something that would be a GREAT opportunity!
Feel free to shoot me an email and we can get started!
Sp@sheenapreneur.com
Thanks Queen I have a question do you have any information on creating a contact/module for the government
Be mindful once you have employees there's EMPLOYMENT TAXES along with Filing & depositing requirements for entity type. You are subject to taxes fines fees for late or non filing. You need more than quicbooks or similar 3rd party software & most of all trustworthy employees!
+@shexycoins4994 yes, in addition to QuickBooks or another service, You also need a qualified accountant!
First off. Great video.
Next, the veteran connect you have, do we have to sign up for your course in order to know about it?? Thanks for the info tho!!
+@IronMayne Hey there! I’ve done a couple of videos about Veteran specific content! Feel free to look through the channel! 😆
How does factoring work?
First thing one need is Capital. if you don’t have capital or ability to be able to get capital. You can forget it.
Partially true. I didn’t have capital. Also, if you start off as a sub you may not need capital. Or if you ask your contractors to wait for payment
30 days is the norm, but asking a sub to wait 60, maybe a red flag for them. Im going to apply for a line of credit. I do have some capital. I will try for the smaller contracts for now. Thanks for the reply.
Very true! Line of credit before you need it is always preferred.
You can start a government contracting business with nearly zero capital I am living proof. You just need to pick certain products with vendors that give you net terms. It’s very tricky but it’s how I got started
@@joeytuneznice! How long did it take you from starting out to getting good at it?
🔑
That’s my biggest concern: organized book keeping.
Check out my accountant video!
Hire a CPA, it's worth every dollar.
Sheena, you are so pretty. I am a small business owner in Park Forest, IL. I'm a government contractor specializing in facilities support. I can't wait to meet you at an event or something here in Chicago. I would love to form a small to small joint venture... just to get a chance to work with you.
Can you have 1099 contractors instead of hiring employees that you have to do taxes for, etc?
Can you tell me the name or the law that was passed about changing how many funding streams in your business? I believe you stated it can’t be just Federal Contracting revenue.
www.acquisition.gov/far/subpart-7.5#:~:text=7.503%20Policy.,performance%20of%20inherently%20governmental%20functions.
Subpart 7.5 - Inherently Governmental Functions
Parent topic: Part 7 - Acquisition Planning
7.500 Scope of subpart.
The purpose of this subpart is to prescribe policies and procedures to ensure that inherently governmental functions are not performed by contractors.
www.acquisition.gov/far/subpart-7.5#:~:text=7.503%20Policy.,performance%20of%20inherently%20governmental%20functions.
Hi Sheena, I would like to start off doing middleman. It’s hard to secure contracts without having certifications . Most certifications require experience. Do you train on how to provide services as the middleman of so how long does it usually take to secure contracts as a middleman.
I don’t teach “middleman”. I have a video on my channel sharing my thoughts about it. Also, you can easily secure contracts as a small business without certifications.
You can email me to discuss further. Sp@sheenapreneur.com
@@sheenapreneur Are you single?
Hello ma'am, this has been a blessing I am new to business. Im a disabled Navy vet and i need advice can i email you to? @sheenapreneur
What about nonprofit organizations
What is your question?
Thank you for all the knowledge nuggets and info! So if I want to bid on a contract valued at say 250k I gotta make sure I have that amount in my biz bank account? If not then Im even more confused haha...bcoz if I got into this biz with 10k how am I gonna supply gov with 250k worth of product?
+@ckhalifazada Great question. When it comes to products, it depends on how they agency wants it delivered. If they want it all at once, then yes you may need to have that amount of money or at least have a credit line with the company you are getting the product from.
Many times the product company will allow you to get the goods without pay as long is you have established credit with them OR bring them proof, you have a large order! Buttttt the relationship SHOULD be built before your first awarded contract!
Why do a lot of “government contracting gurus” say you’re guaranteed to win a contract or it’s easy to get one” it’s sickening and very misleading.
+@Motivationofften it’s definitely not easy but it can be done
Great info, any details on what the new regulation can be found? I would like to read up on it. I googled it already and nothing related to what you said came up
Remind me which regulation 😬
@@sheenapreneur the regulation that states 100% of your business can not be reliant on Government contracts.
@@jimmy291846mentioned it may be pending
www.acquisition.gov/far/subpart-7.5#:~:text=7.503%20Policy.,performance%20of%20inherently%20governmental%20functions.
Subpart 7.5 - Inherently Governmental Functions
Parent topic: Part 7 - Acquisition Planning
7.500 Scope of subpart.
The purpose of this subpart is to prescribe policies and procedures to ensure that inherently governmental functions are not performed by contractors.
How do I get in the community
+@fredfoster3345 Please check the description
Are there government contracts they don't have an idea for yet?
+@johnsaltzohuigin6660 New inventions! You can go through the SBIR program.
What are you referring to when you say- “new regulation is coming out that 100% of your businesses can’t come from Gov contracts?”
Can’t find anything on that. Can you point me to that regulation please?
It hasn’t come out yet.
@@sheenapreneur where is this being previewed ?
I need assistance !! I luff to email you 😊
Sp@sheenapreneur.com
can non us citizen participate in sam gov?
Do it in your own country. We dont need u
Yes
Is there a discount for non veteran’s. Lol
Send me an email and we’ll talk 😉
Sp@sheenapreneur.com
Hi new to the channel! What’s your email?