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Want to start a business? 20 questions to ask yourself first.

Blogged By: 
Jason Bowser, Featured Startup Business Expert

Opportunity
Being your own boss can be rewarding, but it certainly isn’t for everyone. Sure, to some degree, you have more freedoms working for yourself than you do working for someone else. But often young entrepreneurs find that the workload and the stress of having to continually perform to keep their young business viable can be too much for them. It's true that, statistically in the U.S., more new businesses fail than succeed. You shouldn't let that discourage you but if you're thinking about starting your own business, there are some important things you should think about before making your decision.

People start businesses for a lot of reasons, not just because they have some great idea that can change the world.  In fact, many small businesses do very well marketing others' products and services.

Self-sufficiency
Have you ever felt trapped in a job working for a company? That happens to lots of people and many of them dream of one day starting their own business and working in a way that gives them more control over their worklife such as hours, pay and overall job security--hey you're not going to walk into your own office and fire yourself unexpectedly one day, right?
 

8 traits of successful entrepreneurs--Do you have what it takes?

Blogged By: 
Jason Bowser, Featured Startup Business Expert

Starting a business is a lot of work. Anyone who tells you it's not is either lying or has never actually started one themselves. The hours are long, sacrifices are great and you are assulted with new problems and challenges every day with seemingly no end.  If you don't have the constitution to weather these things, your business could implode on you faster than it started.

Clearly, entrepreneurship is not for everyone. But how do you know whether it’s for you? You should start by asking yourself what it takes to be a leader because, for the most part, you'll be doing a lot of the work up front by yourself.  If you can't lead yourself through startup, chances are you won't likely be able to lead your business and future employees through growth and on to success.

What is e-Buy?

Blogged By: 
MBDA


E-Buy is an online Request for Quote (RFQ) tool designed to facilitate the request for submission of quotes for a wide range of commercial services and products offered by Multiple Award Schedule (MAS) contractors who are on GSA Advantage!.

E-Buy, a component of GSA Advantage!, allows federal agencies (buyers) to maximize their buying power by leveraging the power of the Internet to increase Schedule contractor participation in order to obtain quotes which will result in a best value purchase decision.

Strategic Partnership can Make a lot of Sense

A strategic partnership can make a lot of sense, but only after all parties agree on some basic rules and protocols

Small companies, squeezed by the pressures of internal growth and the economic uncertainties of mergers and acquisitions, are increasingly turning to strategic alliances for competitive advantage. The problem, however, is that the majority of business alliances fail. In fact, Vantage Partners, a Boston-based consultancy, has done research showing that 60% of alliances fail midway through their expected lifetimes.

Establish an "executive sponsor" in both your organization and your partner's. If the alliance concept is just the idea of a visionary manager, it will become dependent on the personality of a single champion. Identifying an executive sponsor of the alliance emphasizes that the alliance resulted from a collaboration that will keep it going. Executive sponsors must be kept informed of alliance activities (good and bad) and pulled into the discussion only when needed to show priority for the alliance relationship, or to emphasize corporate commitment and resource allocation.
 

Public Hearing: Task Force on Federal Contracting Opportunities for Small Business

Blogged By: 
MBDA

On June 28, 2010 at 1pm EST, the Task Force on Federal Contracting Opportunities for Small Business will hold a public hearing at the auditorium at the Department of Commerce located at 1401 Constitution Ave., NW, Washington, DC 20230.

To pre-register for the meeting, please email your name, organization or small business that you represent, along with the contact information to SB_TaskForce_Comment@sba.gov.  You should also include the topics you are interested in discussing (see below). Those interested in attending should register by June 21, 2010 due to security and limited seating.  Please put “registration” in the subject line of the email.

Did you know...

MBDA Minority Business Centers helped clients secure contracts totaling $6.9 billion during the last 5 fiscal years.
Graph for Dollar Value of Contracts

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