How She Made $1700000 In 12 Months With 0 Experience
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- čas přidán 29. 08. 2024
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Hey Everyone,
In this video, we have special guest with us Kimberly Kidd, who is the president and CEO of Fillmore Contracts, In this episode she revealed her secrets on how she made 1.7 Million Dollars in Government Contracts in less than 2 years, she won work in field where she was not having experience. This chat is full of gold nuggets so make sure to watch it till the very end.
These are some of the following things we have covered in this episode
- About Kimberly Kid
- How she got into government contracting
- Winning Her First Government Contract
- Value of her first government contract
- How to win 6 figure contracts
- People do business with people
- Figuring out government contracting
- Importance of building relationships
- What to do after winning the contract
- Execution of government contract
- Things about federal government paying
- Things she wished she knew earlier
-Working hard on government contracts
- Learning as much as you can about government contracts
- Building relationship with contracting officers
- Advice for government contractors to get successful
- Creating package of opportunities
- Importance of understanding your own business
- How to connect with kimberly kidd
Connect With kimberly kidd
Website - fillmorecontra...
Email - connectwithkim2@gmail.com
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Ohh yeah we know there's more! You want us to pay I bet!!! I hope I'm wrong!
How many bids are you working on and do you have a cage code?
She gave it up and told them truths about relationships that's one of the biggest keys to life literally opens doors!
@KizzyParks hi Kizzy can you give me insight on how to get government contracts. I am set up with Sam dbe and in the process of the wsob
Hey how can I contact you?
I won my first contract. After day 1 my contractors were like so will I be paid today or tomorrow? My bank account has 23$. In it at this time. Through the grace of God, My business credit has $ available to pay these people! Major lesson. Seek funds to pay people before you win. No contractor wants to wait 30 days to get paid! Especially if the work is weekly. Find some funds to pay the contracts ASAP!
Facts net30 or net60
Maybe I just had bad luck that I kept running into bad characters and I refused to step to the dark side. Not sure how she made so much without actual past performance within her company so quickly. Usually they will let you have very small contracts for a long time before giving you a large contract when your company just opened, but good for her. Many good companies have gone bankrupt chasing ghost RFPS.
Where do you seek funds prior to the award?
Wow diversify your business, understand your business first, focus on your back office, don't put all of your eggs in one basket. Thank you great info!
I have my exit plan I am ready!!!! Let's goool Kizzy!!!!
I’m confused. What’s stopping the federal government from just directly reaching out to these companies to provide whatever service or products for them instead of going through a middle man?
Really good I’m looking to get into the contracting space
@@Elite_EmployeeThey can’t. These jobs are required to be contracted using Solicitation Broadcasts. Those only go to registered companies.
Maybe more info on setting up back office, payroll, funding the subcontractors before receiving pay from the government. Contracting the subcontractors, etc. Thank you!
The information shared was practical and easy to understand. She played to her strengths, over time, built a team and stayed open to opportunities outside of her realm. This was such a great interview for players in the field whether novice or veterans. Thank-you!!!
Congratulations 👏 How much of that $1.7 is profit?
Phenomial content Kizzy!!!!!!! I've made a couple of these mistakes myself. This month makes a year since our first bid. We are learning so much in the process. This is so encouraging. Thank you!!
wow! so proud to hear she created the proposal herself! that is a huge weakness for me🙃
It’s easy to turn that into a strength.
Watched this on my break at work, I need to watch this 2 more times. Amazing video
Love this content! Could you make a video on the type of software or tools to help create those back office systems and processes for small businesses as she mentioned?
Would be so helpful!!?
Can you tell us more about how to set up the "back office" and all the things required for a successful back office. What exactly is a back office and whats its function when you get a contract?
Spot on interview. Best questions were answered and this is what makes a podcast 👏 outstanding.
Wowwww... there's so much practical advice that I can begin using immediately. Thank you Kizzy and Kim!
This woman is amazing 😊!! Thanks for sharing
Very informative video Kizzy, thank you. Also thank you to your guest, Kimberly Kidd. Wishing her continued success.
Kizzy thanks for sharing these facts! You are correct most people don’t even have $500 or let alone $1k in their bank account. We are super consumers and love credit! Super true most people in the USA are living a paycheck or two behind a paycheck! Appreciate you spitting out real facts.
🔥🔥 Excellent interview, I really appreciate your content 💯
Thanks for listening
Wow, what a powerful video. Knowledge is Power. Thank you both so much for sharing this powerful video and valuable information. I wish you both nothing but great success.
Thanks Y'all- this helped me reframe how I've been approaching fed contracting for the last 18 months!
Excellent guest! She was easy to follow and informative. Definitely gave me the confidence i need to take the next step. You have yourself a new subscriber
Glad it was helpful!
She was so generous! God bless her!
Yes!
You’re asking all the right questions, very informative
Good high quality interview!
Is commercial property management what she does? Just from the couple of services, she rang off. She's right in my line of professional work. I have over a decade of experience in Complete building services and I want to start to do govt contracts
This was a phenomenal interview
Yes it was!!!
God bless this woman❤ May her riches multiply ever more
This was awesome. Congratuations on Kimberly's success. Thanks Kizzy/Great content!! # Motivation
More explanation on factoring companies would be helpful! Thank you!
Yes This would be great if someone is willing to expound more on this..
Awesome. This is a great place to start.
czcams.com/video/RvuPWUq7WzI/video.html
This was amazing!!
Great interview! Inspiring & informative! Great job!
This was one of the best interviews on this subject I’ve seen in a long time. Thank you!
Now, I’ll have to dig deeper into the nuggets provided. How to write your capability statement when just starting out in a different industry from your past experience?
I really appreciate the factoring advice. So helpful
This sounds like the middle man strategy. I thought it was illegal?
Love the content!
Wow, I Loved this ENTIRE video. @KizzyParks thank you for uploading. This is exactly what I NEEDED. thanks KIM, will be reaching her for the webinar. I would LOVE to partner with her as a Sub-Prime.
This is such great information
VERY INFORMATIVE!!!! THIS IS POWERFUL STUFF. AND I AM EXCITED TO SEE WHAT GOD HAS IN STORE.
This information is gold. Thank you
This was a good one Kizzy 😊
Dr Kizzy, missing those popping curls. You still cute. Thanks for all your energy and enthusiasm and encouragement.
😊 thank you
You’re so nice answering all of these people’s questions that they should research or pay for.. like they’re trying to big on Fed Contracts and don’t know what the FAR is… that’s wild! Lol. Great content!👏🏽
This was very insightful on so many levels. Reassured some of the uncertainties I have had for years but could not touch upon per see. Thank you very much for this content and all the best to K. Kidd.
She is mesmerizing 😊
Hey Ms. Kizzy, thank you for the great content and breaking down the sections in the comments.
I’m terms of subcontracting. And by that I mean, subbing out 100% of the work as a middleman / pass through…
My understanding is that, as long as the contract of for $150k or less, OR the business that you are subbing out the work to is similarly situated - meaning they’re a small, woman owned, or hub zone business - that you can sub out 100% regardless of dollar amount.
Please provide some clarification to this. Thank you very much.
What is FAR and FAA? what do those acronyms mean?
Great interview queens. I really appreciate your valuable input from the inside. I’ve been thinking hard on government contracts for the past few years, but needed the experience of a property manager before I jump into the bidding process. I think I’m ready after hearing the lovely Kimberly Kidd. Amazing encouraging interviews ladies, thank you.
Thank you for the information. Interested to learn more.
Thank you for sharing this was helpful when it comes to federal government contracting.
This is very informative, thanks for sharing !!!!
I will be happy if I can make not even half of that. I have spent 30 years in experience and expertise but now life has changed. I need to get into this. Thank you for your information and sharing. God bless.
Hi! This was so informative. Do you create a new business for the various types of contracts? Or stick to a niche?
This was so very informative. Thank you, Ms. Kidd, for your transparency and nuggets of very substantive information. I currently work in commercial construction and am a partner in a newly formed commercial property investment group.
Government contracting is another arm of business that I have been researching recently and your presentation provided such invaluable resources.
It also helped me to see that I really already have many of the components to execute but hearing your journey further empowers me to get organized and focused on making things happen.
I'd be most appreciative of any workshop or mentoring opportunities you and your team offer. Thank you so much!
Man, that back house. I wish she had elaborated more on that
This was great. Thank you for sharing. 🙂👍
Best one yet!!!
Can you make a video of an A to Z on how you go about subcontracting and their paperwork needed to do the work?
Love your content. I own a trucking company based out of NYC. Im starting to diversify my business investments. Quick question I want to buy a template of a bid proposal or content on how to write a bid proposal.
That was some great information 👏🏾
Great Video, Very Informative!!!
You’re Welcome!
Great interview
Hey Kizzy. Can you explain more about factoring companies? Can you recommend two or three to me?
Very good info. Thanks!
Great content, very informative
Thank you!
Excellent video .Go Girl🎉🎉
Great questions!
Good information you two but it's somewhat vague. You mentioned factor company we thinking as we listen please explain exactly what this is and they're basic functions etcetera thank you both I'm trying to climb out something negative into something more positive i can be proud of.yhank you
Here is a factoring company I used
republiccapitalaccess.com/
Watching this video again. So much helpful info & mail this company’s local. 🎉🎉🎉🎉🎉 Dr. Parks, you’re a national treasure 🙏🏾🤍✨
Lol they make it sound so easy but it’s about your team u need cash flow to pay that company because the government not paying u right away so I know this lady got money plus u need a lawyer a accountant tell the people the real most people look ing at this video don’t have the cash flow needed this is a fact
Big facts
@@KizzyParks How much money from your 401k did you need to use? Also, how long does it take for the gov to give you the money to execute the work?
@@soccersprint The goverment is notorious for taking forever to pay contractors. Make sure you have cash to cover subcontractors, suppliers, payroll- all your overhead until you get paid for the job.
So regardless this requires money to get started..? What if one doesn’t have start up funds
@@KizzyParks9
Thank you for being real!
Always!
Awesome. Thanks for sharing
I’ve been in this process, myself. Thank you for this.
🖐🏾 Hey there, question! WHY did you (Kimberly) go from IT? Why not go after IT? Was there something about that market that didn't resonate? Is it a crowded market?
Great content as always Kizzy. Question about Kimberly's first contract with the HVAC install. I was under the impression you can't source out subcontractors to do all of the work, I thought being a middleman was no good?
Great question! It's called subcontractor limitations under FAR. Each contractor has to perform a certain portion of the work on contracts. That portion of work percentage varies by industry. (Ie: 50/50 for services, 75/25 for specialty contracting, 85/15 for construction) We place our own resources on our contracts, depending on the contract we'll hire direct or purchase all materials and supplies.
@@kimberlykidd5662 thank you for the clarification…have a great day…🙂
@@kimberlykidd5662 Hi Kimberly! Where did you garner help from with reading and understanding solicitations? Do you have a mentor?
@@toscajohnson8498Solicitations are usually written in laymen terms. Have you come across one that is complicated?
Great lecture
Glad you think so!
Phenomenal content
this video is amazing
Thank you!!!
Outstanding!
Brilliant Gentlelady both of You
Thanks Kiz!!
Great information 👍
Hello Kizzy, good videos you're putting out. It's it possible to subcontract a percentage of contracts?
What’s a factoring ???? How do I access it?
If I have a trucking business LLC how am I able to bid on painting, construction, catering contracts, hvac etc…. also? Or am I only stuck bidding on transportation??
You may bid on anything you desire.
Are there any factoring companies that you recommend?
Very informative
36:33 ❤ needed to hear this happens to other women.
Yes
Blessings Queen
Yes
Inspirational
What are packages !? What is the set way of procurement what's the process and red tape 📼!?
Great info
@KizzyParks How do you monitor/evaluate the quality of your contractors’ work, during the term of fulfillment? In other words, how do you ensure that your company’s reputation is advanced by the contractors you use?
Does the work to set everything up in regard to finding subcontractors, proposal, etc constitute your end of doing 51% or whatever it is of the work? Because I’m pretty sure in services like HVAC you have to actually do the work or some of it? Can someone help?
Who said 51% is required.
I always see these numbers is 1,700,000 gross or net and if it’s net how much is profit
Love it!
What back office did you choose or do they use?
Unsure. We have it all in house.
How do I get in touch with this lady? I’m a Native-owned Govt contractor.
@@KizzyParks thanks for providing her company info. I have also been looking to connect with her
Do you create a proposal stating that your going to hire a subcontractor to complete the task or do you make it seem like your completing the task as a prime even through your subing it out if that make sense ?
Check out my new Proposal Master Academy for $447
proposalthatwins.com/
Did she make 1.7M or is that what she was awarded over 12 months/less than 2 years? Either way it's fire just curious.
NOTE: Experience of people.
Hello Kizzy, do you have a step by step course for government contracting?
@@KizzyParks Signed up. A great self paced course will be awesome!
Iam so loss I need guidance this is interesting and I want in.