Finding Opportunities

Focus on Growth

Public Sector Contracts – Finding Opportunities

Portals provide information on contract opportunities, valued at billions of pounds each year. This week for example 501 opportunities.

The sectors include:

123 opportunities with values over £1,000,000. Therefore, are Small and Medium Sized businesses growing into these contracts?

Repeating Opportunity Searches

It is strange how as a business with direct sales employees there is an expectation that contract sizes and complexity continue to grow. Contrast that with Public Sector Tender Opportunities, the experience repeats itself, the same contracts, same value and little difference in delivery.

Consequently there is a growing issue! Experienced Medium Sized Companies compete with micro and small businesses for the same market share. Failing to use the experience gain to fuel business development and growth.

Contract volume – the number of similar contracts is an indication of atrophy, both financial and development.

Create the Strategy

Develop the ratio approach. Every three small contracts generates interest in one new contract double the size. For example, three contracts valued at £75,000 pa amount to £225,000 turnover, therefore adding a new contract at £150,000pa is a reasonable step.

This method applies is the small contracts are £15,000 in annual value – the principle remains the same lay the trifold foundation and continue to grow.

Create Economies of Scale

Winning Contracts from the incumbent provider is easier than businesses realize because there is a failure to accept the need for reduced infrastructure costs. As each new contract is added the core costs necessarily reduce, however, businesses tend to leave the costs where they are. Pay attention to the detail.

The example that springs to mind linked to the HR costs of a cleaning company, the rate for the first 24 employees is fixed, from 25 to 100 again the rate is fixed. So the company paid £1,000 to the HR consults per month for the first 100 employees. However, the real cost of employees reduced as new staff were recruited. Therefore, the hourly rate failed to reflect that reduction.

Be clear with the bid or tender writing team on cost centres, consequently, these minor economies of scale win contracts, increase margins and keep the content fresh.

Conclusion

  1. Expand the knowledge of opportunities.
  2. Increase the value
  3. Find the economies of scale – every penny counts
  4. Keep opportunity selection at the heart of the business development strategy
  5. Grow with confidence

Contact

Public Tenders

Competitive Public Tenders cause so many headaches for business.

Experience in the EU demonstrated that UK Business had not prepared. Small Business took time to capture a real market share.

Now there is an opportunity to shape the Public Tenders for your business.

Competitive Public Tenders

The idea that special skills are required to secure contracts is a misstatement. Winning all competitive work is down to a combination of events. Therefore, prepare well, understand the competitive approach the buyer is looking for and ensure you have enough time.

What makes tenders competitive?

  1. Lean – ensure it doesn’t carry unnecessary content!
  2. Accuracy – state facts by all means but ensure they are correct!
  3. Compelling Content – style counts, winsome words win contracts!

How do you improve the chance of winning?

  • Understand the competitive approach – know the buyers strategy
  • Prepare every response as though it is the first
  • Work at the content all of the time – add real value to a tender by improving and updating content
  • Never stop trying to improve on the last one – get your scores, especially when you win

Know when to Employ a specialist

Not every tender requires a bid writer or a writing team, for example why pay to get on to a framework if you were already success in a previous competition. Take the template and work with the formula.

Yes I’m a tender writing specialist but if you don’t require my support I will let you know. Paying £1,000 for something you can do the bulk of yourself is throwing away good money. So discuss the tender, chat for half an hour and work out what is really required.

Stay lean, remain agile and be competitive that ensures winning Public Tenders is never accidental or a surprise.

Call me or contact via email if you want more information or to join the next Workshop Public Tenders – Introduction to Winning

Business Growth Tools

Focus on Growth

Three keys to Business Growth

Business Growth Tools and Market Development require continuous change, however, we all take comfort in familiarity. How can we balance comfort and growth in our business?

Every networking event attended, every marketing email sent, every penny invested in a website indicates that we want our business to be known, either we are buying or more often selling.

Therefore, we understand the basic principles, however, the real challenge is to achieve the right action which creates the opportunity.

Understanding Growth

Growth for growth’s sake is often a distraction, with bodies chasing everything and winning new business. The foundation of the business does expand, too wide and it strangles productive growth.

These 3 pointers are for those who want to understand when to choose No!

Progression Training

Old wood isn’t deadwood! There never comes a time when you need to stop investing in your team, no matter how experienced.

Consequently, design an annual training and events program that develops the skills and that challenge the individual.

Plan the progress you need them to make and spice it up with a little of what they want to learn.

To achieve the best result, know your staff and then know your marketplace. The cycle of change and progression is then embedded in the development of your business.

Creative Solutions

Don’t reinvent the wheel, or design a new feature. Gadgets and gizmos attract for a while the art of longevity in business focuses on understanding the developing needs of your marketplace.

Creative solutions need to save time, reduce stress and encourage activity. The critical element in developing a creative solution is listening beyond what is said. Ask questions that enable your market development.

Business Planning

Dynamic business planning acknowledges that your guiding document remains alive. The main purpose of a business plan can be to placate the bank or investors.

However, all that work and planning offers the core reasons for your business working. Treat it like actual cash flow when compared with projected income.

Be prepared to set goals for 8 years, 5 years and 3 years. Plot the journey and then decide the pace of travel. Your share of market growth remains dependent on the business infrastructure.

Borrowing too much too soon cripples small businesses. The solution is often in the people you know.

Mark P Trotter

We know our Business Growth Tools are effective because our challenges change with every new client, with every tender opportunity, with every crisis we are invited to resolve. Our experience shows us that planning, investment, and simplicity are at the heart of sustainable business growth.

Other Services

Bid and Tender Writing Services offer the following:

  1. Business Health Check
  2. Comprehensive Business Policy Review
  3. GDPR and Information Security support
  4. Strategic Planning and support, Bid v No Bid
  5. Bid and Tender writing
  6. Submission support and Document Reviews
  7. Templates and document management tools
  8. Training and Development
  9. Quality Improvement in Social Care
  10. Voluntary, Charity and Social Enterprise Governance

Specialists in Health and Social Care working in association with KKS Management Ltd