Best Government Contracting Tip: SBA 8(a) Program is a Gold Mine! (My Personal Experience)

[@keyquestions]

Dude how are you giving so much value away for free? You're definitely the man

[@amirdarwin6633]

Sorry to be offtopic but does anybody know a trick to get back into an instagram account?? I was dumb lost my login password. I love any assistance you can offer me!

[@gracebay6120]

the information provided is free, but trying understanding is something else ... best luck

[@antoinepowell649]

Because he’s a millionaire he made it no hate in his blood

[@tonyr.254]

Amazing info, I’m looking into this for my father in law, hopefully we get into it. Again thanks for this gold mine, subbed 100%

[@TheLinda12]

Thank you for explaining this in manageable points. Your channel is a wealth of information!

[@GovKidMethod]

Wow, thanks Linda!

[@jasongoodman3546]

Derek you are the 8Mile of Gov Contracting. Thank you for your efforts.

[@kensg]

All I can say is….Wow, thank you Sir🎉

[@ryanmeier8994]

the audit part is kinda confusing for day-to-day operations. Many companies have a registered agent for where their company is located.. but they themselves do not live or go to that office. So I wonder how/if the audit is done remotely

[@crackpot.420]

You are amazing thank you Derek I hope all the information and guidance you give out for free gets returned to you in value in some way God never fails bless up

[@GovKidMethod]

God Bless You! Thank you!

[@imdman118]

My friend and I just registered our company in LLC. Hes a disabled vet hispanic dude

[@GovKidMethod]

Awesome, welcome!

[@MyTechniqueWorks]

@@GovKidMethod Hi Derek how are you doing? Hope all is well. I am just one step away from being successful but unfortunately It seems I cannot find a Mentor for me (Protege)

[@GovKidMethod]

@@MyTechniqueWorksif you are looking, I can mentor in our course/community: GovKidMethod.com/course

[@brandonwill2977]

When doing something like this what would be the description of your company? I mean would you be a contractor or a consulting company?

[@asrickman1]

Thank you for this video! You're god send!

[@josephldit7367]

How do you get around the net worth requirement?

[@SuperAshtonc]

Is there any government programs that can help a new business that just opened. With being able to bid for gov contracts or bids. Not sure if they have anything like that . Thanks.

[@GovKidMethod]

www.aptac-us.org

[@smonelh]

Have you seen people who still have a W-2 job outside their business, qualify for 8a? I’ve been told different things. For example, still being in the Army reserves.

[@GovKidMethod]

Good question. It's been my experience that you have to be working the business full-time, and for 2 years even before applying, so you would not be able to have a W-2 side job.

[@MrManny9677]

You are so helpful. I'm not there yet, but I can tell you're providing useful info for those already set up

[@staywavybaby7485]

What should you do if you are a brand independent courier and express company new that just started this year and want to work with the government?

[@prasantpatel2264]

Great video. Just wanted to ask what you do as a small business?

[@jwest1816]

Hey there, I recently got certified as a WOB, EDWOM, HUBZone, 8a, and I think another... The PTAC advisor said there are contracts available for my industry but I don't seem to find exactly what? Business is Mobile Notary and Loan Signing Company. Ty for any advice!

[@keseanmikell]

Any update on this ?

[@moniquecanada795]

Any updates?

[@buntik1687]

Very useful information! 👍🏿

[@alfredosauce2798]

I’m a veteran and a minority starting a trucking business am I allowed to designate for more than one program?

[@rohitgaur2018]

Thanks for the Info!

[@6a1aRZA]

Can you have multiple mentor/ protege companies to one 8(a)?

[@Gabriela-sp3op]

Question: In regards to the location business opportunity specialist, what if we are UK based but still want a business opportunity specialist assigned to us? Thank you :)

[@michaelw.livingston3375]

Can you get paid being on 8a program?

[@TheWorldDivided]

How many naics codes can you have?

[@GovKidMethod]

You can technically have as many NAICS codes as you want. NAICS codes should be something that are somewhat fluid when you are starting out and finding your way. From 5 to a dozen or so NAICS codes is more than fine to have in your SAM.gov profile. When you bid on a contract you should make sure that code is in your profile. Every quarter you can perform maintenance and take out codes you're not using (bidding under), etc.

[@jiajia.678]

I can’t find the fed biz opps website

[@Haashpack]

Hey man I am trying to get into govt contracting, my company is 4 years old but we didn't do any business for the first couple years because we were working on getting licenses for our industry. I don't have 2 years of tax returns my first tax return was just filed. Do you think that would be fine? or do they NEED 2 years of tax returns. Thank you!

[@GovKidMethod]

They want to make sure you are financially stable so it will likely still be a requirement for the two years. They do workarounds sometimes, so you can contact your local sba if you really want to try. But I highly recommend that you have one year of govcon marketing and bidding under your belt before trying to apply to the program. It only lasts 9 years so you don’t want to waste the time trying to still figure things out.

[@Haashpack]

@@GovKidMethod Thank you for the advice! Very much appreciated

[@barefacedbeauty1014]

Someone from fed biz opp told me I needed to pay 1,200 in order to quailed for contracts.

[@Ave8or]

I wanted more information concerning your personal experience with the $15 mil in contracts. You pretty much just read off the website.

[@Gabriela-sp3op]

Also, if we don't (for the time being) qualify for the 8(a) Program, what program will be best as a starting point?

[@GovKidMethod]

Every business starting out with low or no sales is automatically a total small business. You can start out pursuing work set aside for small businesses. There are no other “programs” comparable to 8a.

[@angelsfightingforus942]

So! To benefit from this specific program It’s a requirement to have at least two years of continuous business operations and tax reports!?

[@lavellnutrition]

My SBA says I can't apply for WOSB because no one owns a non profit. Can I apply for 8a?

[@warmboy504]

Must be a for profit business LLC, S Corp, C Corp, your non profit 501--C3 activities do not qualify.

[@lavellnutrition]

Can a Non Profit Org President apply for 8a status?

[@GovKidMethod]

It’s probably best to ask the SBA again since they run the 8a program

[@lavellnutrition]

@@GovKidMethod No one in the Milwaukee office at the SBA is answering the phone. Any suggestions?

[@frankchambers2114]

I have a question about 8a . I have been doing construction for 21 years for myself. I just start a new company last month in the same line of work. It was made as a government contracting agency. Do you think it's possible to get my 8a with the two-year waver?

[@GovKidMethod]

I don’t have extensive knowledge about the waiver but what I know is it’s all about your ability to prove that you will be successful in the program. I think having the 21 years of experience could potentially help a great deal but I can’t say for sure if it would be a slam dunk. Your local SBA can help you answer this if you want to dive deeper

[@frankchambers2114]

@@GovKidMethod Ok, thank you so much.

[@tylerolson9904]

Is there a database to find mentors in our sector?? Thanks!

[@maureenfaulconer4994]

Do you have a newsletter

[@GovKidMethod]

Hi, Maureen. Thanks for the question. I don't have a newsletter but whoever enrolls at govkidmethod.com automatically gets added to my email list and that's the best way to stay in touch with what I'm working on. I send emails 1 to 2 times per week.

[@ghostofcato3052]

SMALL BUSINESS ADMINISTRATION!!! Get it right!!!

[@GovKidMethod]

Haha, thanks Bruce. Was one of my first KZbin videos I had done, so nerves giving me lazy brain. I also correct myself later in the video. Thanks for watching