Myths of Government Contracting: The Big Business Lie

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Myth 3 Are Government Contracts Rigged?
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In this episode, we debunk the myth that government contracts are only for large corporations. Discover how the US government is required to spend 23% of its federal budget, over $150 billion annually, on small businesses. Learn about the opportunities available for small businesses, including those owned by women, service-disabled veterans, and companies in HUBZones. We also unveil an alarming statistic: less than 1% of small businesses actually sell to the government. Stay tuned for our next video where we address whether government contracts are rigged.

00:00 Introduction to Government Contracting Myths
00:22 Small Businesses and Government Contracts
01:41 Opportunities for Small Businesses
02:45 Understanding the Government Contracting Process
02:59 Myth 2: Are Government Contracts Rigged?