Can Your Business Face Down a Government Shutdown?

It's really not magic at all!

“To be successful, you have to have your heart in your business, and your business in your heart.” -?Thomas Watson, Sr., former chairman and CEO, IBM2.

I asked my virtual friend at BingChat "What my government contractor friends might do to protect themselves?" and here is what they had to say and the resources that were pulled:-)!!

A government shutdown can significantly impact contractors that work with the government. Here’s how:

1. Disruption of Services: A variety of government services would be disrupted1. This could affect the operations of contractors who rely on these services for their work.
2. Financial Impact: Shutdowns are inevitably disruptive for federal contractors, but the impact will vary depending on the specifics of their contracts2. Some contractors and their employees could be largely unaffected by a funding lapse. In other cases, contracts might be modified or even terminated, which could reduce the payment that the contractor would otherwise have received under the contract and could result in the contractor’s employees being furloughed without pay or laid off3.
3. Contract Administration: In the event of a shutdown, the government will not be able to award new contracts, issue modifications, or exercise options that are dependent on the funding that has not been appropriated4. Agency personnel may be unavailable to administer contracts, inspect work, approve designs, or perform numerous other tasks relevant to government contracts4.

To prepare for a potential government shutdown, contractors can take several steps:

1. Contingency Plans: Prepare contingency plans to re-assign personnel and resources from impacted government projects to commercial and non-impacted government contracts5.
2. Communication: Communicate and negotiate similar contingency plans with supply chain and business partners5.
3. Employee Preparation: Prepare employees for the possibility of furlough or the possible use of paid leave5.
4. Order Completion: Ensure all orders for materials and related resources have been received and completed6.
5. Financial Preparations: Bills should be paid with clients before the shutdown if possible6.
6. Notification Plan: Start preparing a plan to make the process go smoothly. This plan should include an effective way to notify all the affected employees7.
7. Arrangements for Employees: Make arrangements for employees during a “stop-work” order7.
8. Strategy for Handling Subcontractors: Develop a strategy for handling subcontractors7.

Remember, it’s always best to stay informed and proactive in these situations.

I'm personally planning to help at least five business leaders with tons of FREE resources and tools during this time. If you know anyone who could use a hand feel FREE to have them reach out via direct mail here.

-Coach Powell

Dr. George C. Fraser , James George , Diana Dibble , Norris Middleton , Omar Muhammad , Rebecca Andino , Bernard Mustafa , Ted Adams , Ben Gaither , Janet Simmons , Staci R. , Diedre Windsor , Claude Wood , Lorenzo Downing , George A. Alexander, MD, MG (Ret) , Tony Watson , Patricia Williams , Jo-Ann Rolle, Ph.d. , Charles W. Jones, MBA , Steven Ross , Kenny G. Lassiter Sr , AC Powell, JD, CPS

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