Are you struggling to grow your contracting business in the federal marketplace? You’re not alone. When I was just starting out, I was in the same position and earned only $23K in one year. Fast forward 18 months from there, and my business skyrocketed to $7M. Here’s how I did it and how you can too!
1. The Blueprint:
The first step was creating a detailed plan. This blueprint allowed me to streamline my processes, identify high-value contracts, and focus my efforts on the most profitable opportunities.
2. Overcoming Bonding Issues:
Bonding can be a significant hurdle for many contractors, especially in construction. I tackled this challenge by building a strong financial track record and finding alternative bonding solutions that fit my needs.
3. Crushing Cash Flow Challenges:
Cash flow is the lifeblood of any business. By implementing strategic financial management practices, I maintained a healthy cash flow, ensuring my business could take on new contracts without financial strain.
4. Profitable Partnerships:
One of the biggest game-changers was building strong partnerships. Collaborating with the right partners opened doors to larger contracts and allowed us to share resources, leading to increased profitability.
5. Managing Contract Increases:
As my business grew, so did the number and size of contracts. Effective project management and resource allocation were crucial in handling this increase without compromising on quality or service delivery.
Growing a contracting business in the federal marketplace is challenging but entirely possible with the right strategies. By following this blueprint, overcoming bonding and cash flow issues, building profitable partnerships, and managing contracts effectively, you can achieve similar success.
Want to learn more? Download my free checklist and discover how you can go from $23K to $7M in just 18 months: https://feliciastreeter.com/keys/
Check out my video where I share more insights and tips on how to duplicate my system:
Let’s turn your contracting business into a million-dollar success story!
You’re just one contract away!!
Felicia Dupree
FREE GIFT – 5 KEYS TO YOUR MILLION-DOLLAR YEAR
If you need help making your move to contracting with the federal government, grab my free guide “5 Keys to Your Million-Dollar Year” here. Quickly determine the biggest gaps that may prevent you from reaching your million-dollar year. https://feliciastreeter.com/keys/
FREE VIDEO TRAINING: GET GOVERNMENT CONTRACTS
If your goal is to scale beyond six figures to seven figures, secure contracts with the federal government, hit the million-dollar mark, and ultimately million-dollar contracts, watch my free video training “Get Government Contracts” and Prepare Your Million Dollar Roadmap here. https://feliciastreeter.com/accelerator/
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