Month: October 2014
Harvard Business Review: The Five Stages of Small Business Growth
Categorizing the problems and growth patterns of small business growth in a systematic way that is useful to entrepreneurs seems at first glance a hopeless task. Small businesses vary widely in size and capacity for growth. They are characterized by independence of action, differing organizational structures, and varied management styles. Yet on closer scrutiny, it becomes apparent that they experience common problems arising at similar stages in their development. These points of similarity can be organized intoRead More
Take your business to the next level – Business Growth
Business Growth is a major concern, of course, to entrepreneurs everywhere, especially if your business is new. Here you will find some simple suggestions on what you can do to see your small business prosper. You have to, of course, have a good product or service, one that’s in demand, that people really want. Otherwise, even if you successfully opened your business and have incredible traffic, you’re business still may not grow much if yourRead More
Small Business Size Standards and Definition regards
Small Business Definition regards Learn about the definition of – and qualifications for – a small business and why it’s important to know your status. SBA has established numerical definitions of small businesses, or “size standards,” for all for-profit industries. Size standards represent the largest size that a business (including its subsidiaries and affiliates) may be to remain classified as a small business concern. In determining what constitutes a small business, the definition will varyRead More
Small Business Competitiveness Demonstration
Repeal of the Small Business Competitiveness Demonstration Program Effective Immediately The President of the United States signed the Small Business Jobs Act of 2010 (Jobs Act) on Sept. 27, 2010. The Jobs Act amended the Business Opportunity Development Reform Act of 1988 (Public Law 100-656) by repealing the Small Business Competitiveness Demonstration Program. The amendment was effective Sept. 27, 2010, and applies to the first full fiscal year after the date of enactment of theRead More
Small Business Primer – Understanding Small Business Size Standards and Affiliation
This training module describes what size standards are, how they are established, why they are important, how they are used, where to find them and how to determine if a specific business concern is considered a small business. It also describes what is meant by affiliation and how such affiliations can impact the size of a business. See the Government Contracting Classroom for more training options. Duration: 00:25:01 Text based accessible version Workbook BEGIN COURSE
Affiliation
When you calculate the size of your business to determine if you are a small business, you must include the annual receipts and the employees of your affiliates. Affiliation is determined by the ability to control. When the ability to control exists, even if it is not exercised, affiliation exists. The SBA determines affiliation in accordance with 13 CFR 121.103 in its Small Business Size Regulations. Be sure to read the SBA’s affiliation discussion asRead More
Guide to Size Standards
This Guide to SBA’s Definitions of Small Business (usually referred to as “size standards”) will help you understand how SBA defines a small business and how it establishes small business size standards. A small business size standard is numerical and represents the largest a concern can be and still be considered a small business for Federal Government programs. This Guide provides general information on size standard requirements and addresses most typical concerns about using sizeRead More
Size Protests, Size Determinations & Appeals
As you have learned in Small Business Size Regulation and Methodology and Use of Size Standards for Government Procurement, a contracting officer determines the size of the business according to the standards set forth in the Code of Federal Regulations. However, there are instances where a party involved in the procurement does not agree with the size standard set by the contracting officer for the small business concern. Size Protests With regard to procurement orRead More
What are the Small Business Size Standards?
Your business might be eligible for programs that are reserved for small business concerns. To qualify, your business must satisfy SBA’s definition of a business concern, along with the size standards for small business. SBA defines a business concern as one that is organized for profit; has a place of business in the U.S.; operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use ofRead More
Summary of Size Standards by Industry Sector
Small business size standards define the largest that a business concern, including all of its affiliates, may be and yet qualify as a small business concern for SBA and most other federal programs, The SBA has established two widely used size standards – 500 employees for most manufacturing and mining industries and $7.5 million in average annual receipts for many nonmanufacturing industries. However, there are a number of exceptions. For the size standard applicable to any NorthRead More