Monday, July 24, 2006

Federal Fiscal Year End = Use It or Lose It

We have now entered the fourth quarter of the federal fiscal year. Are you taking advantage of this timing to bring in summertime business and sow the seeds for next year's (which starts October 1) business?
The federal government spends over 50 percent of the year’s budget between July 1 and September 30 because of “use it or lose it” requirements. This means that government spending is at its yearly high right now and vendors can take advantage of this spending by knowing who is placing the orders.
It is your job as an informed vendor to research the budgets and know what the agencies are planning to spend. In addition, it is important to market your company to the appropriate people within each individual agency so that they know what you offer.
When is the fiscal year end for federal government agencies?

For Full Story Click Here: http://www.targetgov.com/Content.asp?id=2325

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