The document discusses realities and opportunities in government contracting. It provides an overview of the federal market, how the government purchases goods and services through various methods such as competitive bidding and contract vehicles. It covers why the government purchases, realities such as the competitive environment and investment needed. Opportunities include working with small businesses and diversifying clients. The document provides tips on market entry strategies, basic first steps, using GSA schedules, and concludes that government contracting is a lucrative but fierce market requiring partnerships, knowledge, time and money.