Four Things To Do After Winning An RFP

After submitting a winning bid for a request for proposal (RFP), it’s important to hit the ground running. Be proud that your team has presented a clear and compelling vision for your product or service and secured a new client, but now the next phase begins!

Why RFPs Need A Human Touch

With artificial intelligence (AI) transforming a variety of industries, many people in the world of requests for proposals (RFP) are asking if the bidding industry is next. AI may be on its way to changing the world, but it is not yet ready to take over the world of bidding. Cutting-edge technology can help your contract proposal operations reach their full potential, but experienced (human) experts are still needed to deliver a winning bid.

Prepare For A Recession By Selling To The Government

With the complexity of navigating many of the compliance requirements associated with today’s business environment, many small business owners can barely think beyond their next payroll cycle. Long-term thinking is not only crucial for small businesses to compete with their larger counterparts, but it can also prove to be a competitive advantage.

How To Price Your Bid

The majority of RFP processes include opportunities for bidders to submit questions. Whether the RFP includes a bidder conference or simply a contact person available to respond to inquiries, this is your opportunity to gain clarity for your bid. You should not simply ask what price your bid should be, but ask clarifying questions about the requesting organization that will inform your proposed cost.

How To Invest In Meaningful RFP Efforts

For businesses committed to reaching new heights, responding to requests for proposals (RFP) is a strategy too lucrative to ignore. RFP opportunities decide billions of dollars in funding across all industries, but what is the best way to tap into such a valuable and competitive ecosystem?

Seven Ways To Cut Expenses Going Into 2021

If you’re a business owner, this year has probably brought its fair share of challenges. As the pandemic rages on, consumers face high unemployment and a reduction in their disposable income. Especially for companies in heavily hit industries like foodservice and hospitality, finding creative ways to improve the bottom line without the support of additional revenue is top of mind.

How To Set Objectives During Times of Uncertainty

Like many business owners, you’re most likely heading into 2021 with a sense of uncertainty. How will you define “success” after persevering through the challenges of 2020? You might need to significantly redefine your company’s goals and objectives or, if you’re lucky, simply apply a few minor adjustments to account for the new reality created by the pandemic.

Switching Your Business Focus From Growth To Profit In 2021

Prior to Covid-19, most companies had the resources to take on projects that didn’t immediately show a high return on investment. In 2021, however, these same companies will need to shift their focus to business operations and process optimization in an effort to recover from revenue losses and budget cuts brought on by the pandemic.