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FEATURED ARTICLES, GovConChannel, SOURCE

Small Business Spending More – What About Winning? | Founders’ Weekly Update

One of the articles making it to the GovConChannel this week reported the results of a survey by American Express OPEN for Government Contracting. The survey found small businesses7049258_ml-money-down-toilet spending 72% more on federal contract pursuits in FY2015 than they did in FY2013. The average spend, based on a blend of time and money according to the survey results, amounted to $148,124.

Needless to say, that’s a significant jump in outbound effort and dollars. I wonder what the resulting ROI was for that massive increase in spending?

Source: The American Small Business Coalition – Founders’ Weekly Update

About Editor-in-Chief Visionary

Guy Timberlake is the Editor-in-Chief Visionary of GovConChannel and oversees the creation and curation of relevant and timely 'News And Information That Matters To Small Government Contractors.'

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