Government contracts may be an untapped revenue stream for your small business. A common misconception is that they’re only awarded to large businesses and corporations, but smaller companies have as good a shot as anyone else. It comes down to understanding how government contracts work — and where to find them. Getting into this market could change the trajectory of your business.
What are government contracts?
The U.S. government is a massive entity with lots of different agencies. Like any large organization, it has practical needs in terms of logistics and operations. Small
For the vast majority of Americans, work and family have long stood as two distinct spheres, coexisting in uncomfortable isolation and connected by the frail string of a commute. Once clocked in, workers were expected to leave their personal obligations at the office door and focus on their professional to-do lists. Conversations about kids and families were limited to brief water-cooler chatter; leaving work to care for family members was allowed grudgingly, if at all. The United States is one of just a few countries that doesn’t mention the word “family” in its Constitution -- and in our
If the healthcare sector aims to produce healthy people and communities, its success cannot be measured by the number of patients treated or the length of their hospital stays. Instead, it should be measured by the industry's ability to keep patients healthy over their lifetimes.
This means that patients should not only be making fewer trips to doctor's offices, hospitals, physical rehabilitation centers, and other healthcare facilities, but they should be spending less time there as well. This is the goal of value-based care, to make healthcare more proactive rather than reactive. While
The COVID-19 pandemic has brought about a paradigm shift in our professional and personal lives, forcing us to adapt to new ways of working, learning, and socializing. The pandemic has also had a significant impact on mentorship, a vital aspect of career development and personal growth. Traditional forms of mentorship, such as in-person meetings and networking events, had become challenging or impossible due to social distancing measures and remote work arrangements. As a result, mentorship programs have had to evolve to meet the needs of mentees in the current context.
However, instead of
With rising inflation causing significant price increases on goods and services, shopping for new suppliers has been top of mind for many small business owners. But cost isn’t the only factor you should consider while weighing your options.
Whether you're a new entrepreneur searching for your first supplier or a seasoned business owner looking to make a switch, these factors should play a role in your decision.
The relationship you have with your supplier should be a reliable one. You want a supplier you can count on to get your products to you when you need them. It’s
As a leader at your organization, you have a responsibility to constantly achieve the goals you set for improving your company's bottom line. How do you go about this?
Traditionally, you might have a micromanager who overworks their employees and pushes them to meet incredibly unrealistic deadlines. Their mindset is progress over people, since it's the work that ultimately impacts the bottom line. In this sort of environment, competition between workers is encouraged, even if that competition looks less like a healthy, harmless rivalry and more like Roman gladiators battling it out in the
Every corporate leader stands to hone their interpersonal skills and become a better person by lending a simple hand to those in need.
Consider America’s corporate titans as examples. Microsoft co-founder Bill Gates created a foundation with his now ex-wife, Melinda, to improve public health and eradicate poverty worldwide. Warren Buffett gave $2.9 billion of his personal fortune to nonprofits just this year -- and plans to part with all but one percent of his wealth over the next few decades. Michael Bloomberg, the majority owner and co-founder of Bloomberg L.P., regularly supports complex
If you had to identify one hurdle preventing you from achieving your career goals, what would it be?
If you list productivity as a dominant weakness of yours, you have something in common with more than half the workforce. Over 50 percent of employees struggle with staying on task at work. Technology is partly to blame. All of these employees admit that their smartphones are a curse to their productivity. But then there's all the other factors that contribute to ineffectiveness: boredom, burnout, and lack of on-the-job training, just to name a few.
Productivity is such a shared struggle