Advice needed!!!

[KnownUnknown]

I want to find out what it takes to sub under a larger firm. Federal client(s), IT Security work, and I'll likely have to go it alone since I cannot find anyone willing (and presumably qualified) to join forces.

Not sure if I am biting off more than I can chew, but I am doing far more on my contract than my company signed me up for, and they don't seem terribly concerned with offering me a better salary, even as my experience and qualifications have improved, and the client is pleased with my work. So, I'm thinking, instead of my company earning $200/hr (my best guess) off my back, and I only make a small fraction of that, I want to make more.

Please, any reasonably advice is needed. We all say that we need more black businesses, well um tryna do it for myself.

PS: I don't wanna go too hard where i burn bridges in the process though. I still got bills, whether this is successful or not.

 

[KnownUnknown]

bump

 

[KnownUnknown]

No advice? Nothing folks?

 

[Temujin]

Normally a company is not going to sub out a job they can hire someone for unless they save money on either management or risk.Do you have your own insurance? Do you or your company have security clearance.

If you want to have your own company first step is setting up your company and marketing yourself as a company. As long as you market yourself as an employee that's what you will get.

Why want to be someone's sub when you could be a prime. Set up your own company get 8a certified and you can bid for those contracts just like anyone else. The reason the company makes 200hr off you and pay you a fraction of that is because they pay for insurance, taxes etc. They get the contracts which entails work. If you are willing to do that yourself great. But even to be a sub your going to need to incorporate.

 

[water]

Online Courses for Government Contracting

Understanding government contracts and knowing how to obtain them can be very helpful to a small business owner. We have provided several free online training courses so you can familiarize yourself with government contracting.
About these Courses

Several free online courses are offered by the SBA to help prospective and existing entrepreneurs understand the basics about contracting with governmental agencies. These self-paced courses are easy to use and understand. Each one will take about 30 minutes to complete. You can, however, exit a course at any time. Because most of the courses offer audio explanations, it is recommended that your computer speakers be turned on.

Before entering a course, you will be prompted to complete an online registration form. The registration process is simple, asks only a couple of questions, and will take less than a minute to complete.


Available Free Courses

A Veterans’ Guide: How to Win Federal Contracts

Winning Federal Contracts: A Guide for Women Entrepreneurs

Recovery Act Opportunities: How to Win Federal Contracts

Business Opportunities: A Guide to Winning Federal Contracts

INSIGHT: Guide to the 8(a) Business Development Program

Government Contracting Workshop





http://www.sba.gov/content/online-courses-government-contracting

 

[KnownUnknown]

Thanks for these responses so far gentlemen. I do know I need to become a business and not an employee, and pointers are what I was looking for. I also do recognize that my company pays a lot for me in terms of benefits etc.

I'm searching around for information regarding pros and cons, and how others have successfully done this.

 

[Temujin]

Thanks for these responses so far gentlemen. I do know I need to become a business and not an employee, and pointers are what I was looking for. I also do recognize that my company pays a lot for me in terms of benefits etc.

I'm searching around for information regarding pros and cons, and how others have successfully done this.

I know of several brothers personally that have gone from start up companies to multi-millionaires through the 8a program and almost exclusively on government contracts. Your biggest investment is time. If your serious you need to find a mentor. Many times companies that are 8a certified but their certification is running out will look for young companies that they can groom to be primes but they do all the work as subs.

I know a few brothers that just exclusively shop their certifications. They are 8a certified,veteran certified, woman or minority owned business with security clearance and insurance but with just one or two employees they scout RFP's looking to bid on contracts knowing that they are subbing out almost 100% of the work but they are getting their cut off the top.

You don't have to quit your job to start the process you just have to do the paperwork. Being skilled at getting government contracts is about research and paperwork. Getting all these certifications for your business takes time and a large amount of paperwork. But if you are dedicated and you take the time to network you now profit off the company that didn't invest the time you did to get the certifications.

BTW IT security work is one of the BIGGEST growth markets as far as government contracts. Getting the requisite certifications in IT security can make you a very rich man. A lot of the older IT companies aren't as focused on it as the younger companies but it is a huge niche in both federal and state spending.

 

[KnownUnknown]

I know of several brothers personally that have gone from start up companies to multi-millionaires through the 8a program and almost exclusively on government contracts. Your biggest investment is time. If your serious you need to find a mentor. Many times companies that are 8a certified but their certification is running out will look for young companies that they can groom to be primes but they do all the work as subs.

I know a few brothers that just exclusively shop their certifications. They are 8a certified,veteran certified, woman or minority owned business with security clearance and insurance but with just one or two employees they scout RFP's looking to bid on contracts knowing that they are subbing out almost 100% of the work but they are getting their cut off the top.

You don't have to quit your job to start the process you just have to do the paperwork. Being skilled at getting government contracts is about research and paperwork. Getting all these certifications for your business takes time and a large amount of paperwork. But if you are dedicated and you take the time to network you now profit off the company that didn't invest the time you did to get the certifications.

BTW IT security work is one of the BIGGEST growth markets as far as government contracts. Getting the requisite certifications in IT security can make you a very rich man. A lot of the older IT companies aren't as focused on it as the younger companies but it is a huge niche in both federal and state spending.

My man! <insert Denzel pic here>

Thank you sir. This is the type of info I'm looking for. I need to figure out how to go about finding a mentor and researching companies who are looking for subs.

I just peeped the 8a cert info, but need to dig into it more.

Keep the feedback coming fam, I appreciate it!