It’s been just over a month since the Trump Administration took office, and changes are steadily rolling out. With new Executive Orders, the creation of departments, and budget adjustments, contractors are working hard to adapt. Remember, change is a common theme when a new administration takes the helm. As a federal contractor, it’s crucial to embrace these changes and find ways to thrive. Here are five steps you can take to set yourself up for success:
- Revamp Your Brand and Strategy
Take this opportunity to reassess how you’re positioning your business. Align your strategies with the freshly set goals of the new administration to stay relevant and competitive. - Research Budget and Spending Shifts
Dive deep into the updated agency budgets and plans. Understanding new spending priorities will help you focus your marketing efforts and identify potential opportunities. - Broaden Your Contract Vehicles
With an expected decrease in sole-source contracts, gear up for a shift towards Governmentwide Acquisition Contracts (GWACs) and Best-In-Class (BIC) contracts under the new administration. - Update Your Contracts
Ensure your product/service descriptions, pricing, and terms are current by submitting the necessary contract modifications to align with administrative changes. - Revise Your Proposal Strategy
Adapt your proposals to meet any new evaluation criteria or technical requirements. A fresh approach can make all the difference in securing future contracts.
By taking these proactive steps, you’ll be better equipped to navigate and prosper under a new administration. Embrace the change with strategy and foresight!
I hope this helps! Embrace those changes with optimism and strategy, and you’ll likely find success in the new environment.
