Small-business special report | Focus, partnership and know-how drive success

Skim the headlines of the Fast 50 portion
of the 2008 Small-Business
Special Report and you'll get some
insights into what it takes to succeed in the
government market.

The annual Fast 50 list recognizes the
fastest growing small businesses in the government
market, and this year's winners boast
five-year compound annual growth rates that
start at 64.14 percent for the No. 50 company,
Trusant Technologies LLC, of Columbia, Md., to
275.59 percent for the No. 1 company, ESCgov
Inc., of McLean, Va.

For small businesses in the government
market, success hinges on their focus on core
capabilities, an ability to form partnerships
that deliver results, and an understanding of
customers' problems and how to help solve
them.

Also, executives warn about an overreliance
on small-business set-aside programs.
Although good tools for gaining entry into the
government market are available, they don't
guarantee success.

"I've learned the hard way: You get 8(a)
status, and you think all of a sudden the
floodgates will open," said Sanjay Agrawala,
co-founder and chief executive officer of
Vector Consulting Inc., of Duluth, Ga. "It
doesn't happen that way. Make sure you're
there for the long haul." The company ranks
No. 20.

Furthermore, in this feature package, we
highlight the Top 25 8(a) small businesses, and
for the first time, we separately rank Alaska
Native Corporations and tribally owned companies
that participate in the 8(a) program.

We also examine two groups dedicated to
fostering the growth of small businesses. One
encompasses the small-business offices at federal
agencies. Directors of several of them offer
tips on how to approach their agencies and
what tools and knowledge small businesses
need when talking to agency procurement
officials.

The second organization is the American
Small Business Coalition, a four-year-old
group that started as a forum for small
businesses to share tips and ideas about
winning contracts. It is gaining a reputation
for bringing large and small businesses
together to form partnerships.

The coalition has 350 members, some of
which are anything but small, such as Cisco
Systems Inc. and MasterCard.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts

  • How Do You Support the Project Lifecycle?

    How do best-in-class project-based companies create and actively mature successful organizations? They find the right mix of people, processes and tools that enable them to effectively manage the project lifecycle. REGISTER for this webinar to hear how properly managing the cycle of capture, bid, accounting, execution, IPM and analysis will allow you to better manage your programs to stay on scope, schedule and budget. Learn More!

  • Sequestration, LPTA and the Top 100

    Join Washington Technology’s Editor-in-Chief Nick Wakeman as he analyzes the annual Top 100 list and reveals critical insights into how market trends have impacted its composition. You'll learn what movements of individual companies means and how the market overall is being impacted by the current budget environment, how the Top 100 rankings reflect the major trends in the market today and how the biggest companies in the market are adapting to today’s competitive environment. Learn More!