Small Business Essay Example | Topics and Well Written Essays - 500 words - 1

Small Business - Essay Example de opportunities to take care of the small businesses by women and people with disabilities who cannot compete with the rest, researching on their behalf and then providing the findings that enable them know the opportunities present in the federal government that they can benefit from, teaching them sustainability techniques, acquisition processes and even opportunities for contracts. The HUBZone is a program by the federal government that provides contracting assistance from the federal government to small businesses that are located in the historically underutilized business zones. Before 1997 when the HUBZone was not passed, small businesses were not given contracts to perform their businesses in these historically underutilized business zones hence there was no stimulation of capital in these areas. Following an increase in employment needs, the federal government considered contracting the businesses into these areas. In order to land this federal government contract however, there are several qualifications that need to be complied with which include; the business has to be small, the ownership must be 51% from a US citizen (since these are security sensitive areas), the main office which they refer to as the â€Å"principal office† must be located within the HUBZone ensuring all main activities take place in that area, the employees must be residing in any HUBZone area (at least 35% of them) and finally, the US Small Business Administration has to have certified the business first before the contract is granted. If these conditions are fulfilled, then a contract will be awarded (Dilger, 2011). Smart Pay is a billing system that is online. This system allows for businesses people to send their invoices and other accounting documents, payments and conduct other services electronically without the physical appearance of the business person to conduct all those activities. This online billing services that takes place by the use of an electronic card is