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NAVGOVCON43- All Small Mentor-Protege
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In this episode Jenny talks about the All Small Mentor-Protege program and how you can take advantage of it and move your company forward.
Is there a Joint Venture in your Future?
All Small Mentor-Protege
- Similar to 8(a) Mentor Protégé
- SBA, not DOD
- First applications October 2016
- JV inherits socio-economic status of protégé
How the All Small Application Works
- Two small businesses decide to pursue All Small and Joint Ventures
- Online application with SBA
- Online training and certificate upload
- Approval by local SBA office
- Start forming JVs
Benefits of All Small Mentor-Protege
- Less financial risk of being a subcontractor to a small business
- Allows existing teaming relationships to be rolled into peer relationship instead of prime-sub
- Less capital required to form JV
- Reduced complexity of billing/accounting
Why I LOVE Joint Ventures
- Unpopulated Joint Ventures have NO employees
- JV partners perform the work and invoice JV
- JV combines invoices and bills the customer
- Customer pays JV and JV pays JV partner invoices
- JV partners share profits in JV
To contact Jenny W Clark
CEO
Solvability, Inc
Phone 256-882-6276 E-mail jwclark@solvability.com Linkedin Solvabilityjwc Twitter SolvabilityjwcPROGRAMS
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