How to Eliminate Fear and Make Money in the Federal Market
FEDERAL FEAR FACTORS is a new Kindle book I've create to address certain specific issues as to why architects and contractors should examine the Federal Market.
INTRODUCTION
OVER THE LAST TEN YEARS, consistent business has been difficult for many industries, particular construction. Many companies have had a very difficult time surviving.
Ironically, there were companies that actually did quite well during this time period. When these companies are examined, two noticeable traits emerge.
One, these companies are planners, meaning they used strategic, business and marketing plans to give them an organized tactical approach to the market. Their use of these plans often signaled market changes far earlier than their competition who didn’t use the business planning process, as certain key business indicators outlined in their plan were not met raising red flags.
For example, if directors and manager were having difficulty meeting their annual objectives, then something might be happening in the market impacting their business. This allowed their company to react far faster to seek market niches that had signs of stability. There will be more detail on the planning process later, but it’s clear that business planning (does your company have a strategic, business and marketing plan, and was your business and marketing plan updated this year?) is a very important part of the process. As we shall also see, planning is a key component of entering and being successful in the federal market.
For example, if directors and manager were having difficulty meeting their annual objectives, then something might be happening in the market impacting their business. This allowed their company to react far faster to seek market niches that had signs of stability. There will be more detail on the planning process later, but it’s clear that business planning (does your company have a strategic, business and marketing plan, and was your business and marketing plan updated this year?) is a very important part of the process. As we shall also see, planning is a key component of entering and being successful in the federal market.
Second, as we know, many very good providers of AEC services and products are absolutely terrified of the federal-military market, both domestic and International. They’ve heard about the problems, and the paper work, and the hassles, so they leave this market to others.
Consider the following, when one thinks about it, very often, just down the street from a contractor who has “federal fears” is another contractor who regularly wins federal projects. It’s a market they enjoy and profit in on a regular basis. They don’t talk about it much, because maybe, just maybe, it’s their little secret. It’s their competitive advantage.
WHAT’S THE DIFFERENCE? Why are some companies scared of the federal market and others not?
There could be many answers to this question, but it basically comes down to this one CONCEPT; what do they know that you don’t know? The purpose of Federal Fear Factor is to discuss these ideas and concepts so you start to understand that the federal/military market can become part of your corporate strategy.
I was pleased to interview Marc Pacino of Ambiente Federal Services, LLC, Ambiente Federal Construction Group, and Anthem Federal Consulting, LLC with offices in Las Vegas, NV, Ventura, CA, Honolulu, HI, Barrigada, Guam, Tokyo, Bangkok.
As a team
Member with Marc Pacino, COMPASS Consultants collaborates on various planning
documents needed to enter the federal market. Business plans and other
positioning documents are a critical part of the “federal footprint” process. I
include Marc Pacino’s corporate experience here so that you quickly understand
the enormous knowledge base he has, and how together we can help you become
successful.