Defense cuts create small business opportunities

Top Navy official encourages small biz innovations

In an ironic twist, a top U.S. Navy official says that major defense cuts could mean new opportunities for small business and that they should continue to innovate.

The government will need to rely on small business in new ways because things will need to be accomplished more inexpensively, Defense Under Secretary Bob Work told Navy Opportunity Forum attendees on June 6, reports DefenseNews.

One of the most significant challenges ahead is a military engaged in the war on terror as cuts are made, which is why feds want “to capitalize on [small business'] ability for quick adaptation,” said Work, according to the article.

Reader Comments

Tue, Sep 20, 2011 Tim Bennett

Military planing and running a business are often very similar in that in order to succeed in business one need targeted small business opportunities and in war, precision targeting is also needed. Small businesses are very open to integrating into government planing as they are flexible and can quickly adapt to changes. I love small business. Tim

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