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Looking into starting an 8A small business. Can I get some guidance and mentorship or share your experience?

Veteran

Ameya Kulkarni Pittsburgh, PA

I am looking into starting an 8A small business and start bidding for some projects. Have been reading up on how project contracts ar awarded. Would really appreciate some mentoring in this area.

2 June 2019 1 reply Small Business

Answers

Advisor

Patrick E Alcorn Arlington, TX

You have to be in business before you become 8A eligible. Learn how at www.bbbc19.com and join the community on Alice at https://helloalice.com/communities/business-beyond-the-battlefield to get connected to prime contractors.

To qualify for the 8(a) program, follow this eligibility checklist:
Be a small business
Be at least 51 percent owned and controlled by U.S. citizens who are economically and socially disadvantaged (veteran)
Be owned by someone whose personal net worth is $250,000 or less
Be owned by someone whose average adjusted gross income for three years is $250,000 or less
Be owned by someone with $4 million or less in assets
Have the owner manage day-to-day operations and also make long-term decisions
Have all its principals demonstrate good character
Show potential for success and be able to perform successfully on contracts

Check out this course: https://www.sba.gov/course/anc-business-guide-8a-business-development-program/

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