The Small Business Administration has a formal Mentor – Protege Program where a small business can learn from an experienced government contractor. Protégés can get valuable business development help from their mentors in several areas, including:
- Guidance on internal business management systems, accounting, marketing, manufacturing, and strategic planning
- Financial assistance in the form of equity investments, loans, and bonding
- Assistance navigating federal contract bidding, acquisition, and performance process
- Education about international trade, strategic planning, and finding markets
- Business development, including strategy and identifying contracting and partnership opportunities
- General and administrative assistance, like human resource sharing or security clearance support
Mentors and protégés in the All Small program can form joint ventures. These joint ventures would qualify for set-aside contracts that the small business is eligible for, including contracts set aside for veteran-owned, women-owned, and HUBZone businesses.
Before applying for the Mentor-Protégé program let The Catalyst guide you through the steps of finding an appropriate Mentor and completing all the necessary requirements in qualifying as a protégé.