Entrepreneur Plus - Short White
For Subscribers

Uncle Sam Wants Your BusinessGovernment agencies are prime groups to do business with when the budget year nears its end.

With nearly $450 billion in federal discretionary funds available to them every year, government agencies are prime groups to do business with when the end of their fiscal year rolls around. Any unused funds they have at this time aren't rolled over into the next year but instead go back to the Treasury, giving agencies an incentive to spend their loose change. "That's when the government market is attractive for just about anybody," says Mark Amtower, founding partner of consulting firm Amtower & Co. Here are some easy ways to get a piece of the spending pie for your startup.

  1. Promote your services directly to the government.Government agencies buy just about every business service or product. They do this by making micropurchases (any purchase less than $3,000) through the SmartPay program, which is essentially a credit card with a government logo. If your business takes MasterCard or Visa, you can take SmartPay. Download the logo from gsa.gov and display it on your website, marketing materials or anywhere else your credit card logos are shown. "This shows you are government-friendly," Amtower says.
  2. Time your communications.The federal fiscal year runs from Oct. 1 to Sept. 30, and Amtower says you should begin promoting your business to agencies 90 days before the end of the fiscal year. During this period, make phone calls to potential government clients, or send out brochures and e-mails.
  3. Make yourself stand out.Amtower says it's important for startups to "figure out what their differentiators are and clearly enunciate them." Go the extra mile and offer delivery to local clients or establish a guaranteed response time to inquiries. Avoid offering free gratuities, however; while these are common in the B2B world, government agencies aren't allowed to accept them.

Continue reading this article — and all of our other premium content with Entrepreneur+

Join the internet’s leading entrepreneur community! With your subscription you’ll get:

  • Unlimited access, including premium content
  • No ads
  • Subscription to狗万官方magazine
  • Four free e-books a year
  • Subscriber-only events with our experts

Editor's Pick

Related Topics

Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

领导

There Are 2 Types of Entrepreneurs — And This Is the One You Want to Be. Here's Why.

By honing a few strategic leadership abilities, you'll be able to reach new levels — ensuring that your business is running smoothly and ready for whatever comes next.

Innovation

How Tragedy Can Ignite a Passion for Healing — 7 Steps For Those Dealing With Grief

My journey with business success, personal loss, grief and a Fellowship at Harvard

Marketing

How ChatGPT Is Changing Digital Marketing (for Better or Worse)

The current state-of-play strengths, weaknesses and potential of this breakthrough tech, and why owners and other execs should be aware of its capability gaps.

Starting a Business

10 Ways to Create a Startup Dream Team

Get tips on how to form an effective founding startup team, focusing on hiring the right culture fits, creating a flexible structure and fostering a feedback-rich environment.