Are you looking to propel your company to new heights of stability and financial success in an incredibly short period of time? Keep in mind that nothing is impossible when you’ve got the ability, plan, and execution. In your situation, you can profit from a lucrative method available to small-business owners, called 8a certification, that can help you to stabilize your finances and put your company on the path to success within a matter of months. All you have in order to get the certification 8a that, in turn, is a small-business development program run through the SBA (Small business administration), an agency that is part of the government of the United States. Through the years, 8a certifications have assisted many small-business owners in expanding their business from scratch, and today they’re reaping the rewards of their work. You can too make progress and be able to enjoy success soon as a business owner. However, to make that happen, you need to begin now. Before you begin, discover the three main misconceptions that are prevalent when you have an 8a certificate.
In this article, I’ve discussed three myths you need to be aware of prior to filling out your application in the hope of obtaining the sought-after 8a certification.
You cannot become certified 8a if any member of your family is already certified by SBA 8a. SBA 8a authorities.
This is not the whole truth! This is only true if both addresses for business are in the same place and they are owned by the same owner(s) from both companies have greater than 51 percent ownership of both companies. If not, there’s no issue with 8a approval to members belonging to the identical household if they own separate companies that operate from different locations located in the same or different territories or states in the same or a different market.
You can’t obtain approval for 8a certification qualifications from the SBA unless you have at least two years of experience in the marketplace.
It is not the case in all instances. There are some common requirements to be able to use this waiver the 8a-compliant firm. A few of them are:
As the sole proprietor of the business, you need to have an extensive understanding of the field of work and also the company that you’ve applied for.
* Your company must provide proof in SBA SBA of having successfully performed at least one federal contract in the time since the beginning of your company.
* Your business must provide at minimum one tax return which you have provided to the authorities before submitting your application to earn 8a certification.
You can’t receive an 8a approval if you have been denied by the same organization before.
However, this isn’t the case! A study has shown that the Small Business Administration (SBA), which examines the process of approval for the 8a certification qualification, disapproves 70% of the completed applications over the course of a year. There’s no reason for you to be discouraged. Learn more about the various nuances of the application for 8a from an 8a expert and apply for a new application next year. If you’re using SBA, there’s always a new time.
Conclusion After you’ve discovered these three major misconceptions about 8a certification and certification, it’s the perfect time to begin your journey with a positive attitude. I strongly suggest that you seek out an experienced 8a consultant agency to assess your eligibility and then follow the consultant’s advice to get your sought-after small business accreditation from the SBA. I wish you the best of luck!