Writing a Business Proposal
Business Proposals are very important for every business, whether new or old, it helps you to really understand and to see a more clear picture of what or where you are in. It is also a requirement by banks or investors to lend you money to get your business funded. So it is important that you really spend time in doing your business proposal follow these basic guidelines:
- Interview different people who have done business proposals before, it’ll really help you get a more realistic feel in writing the proposal.
- Divide your proposal into 2 main parts. One will be the opportunity that you’ll be tapping and how you will take advantage. While the second will be the finance part of the business.
- Business Proposals have to be brief, having the first part up to 10 pages max. Make sure that it’s still clear for others to understand.
- USP – Unique Selling Point. Tell them what makes your company different, is it you and your skills? Is it an untapped market? Can you improve what competitors currently do?
- Segment your market, and discuss how you will compete for your market share
- How’s your target audience? How? and Why?
- Briefly detail your marketing plan
- Who’s your team? Talk about the team members that will make the company, tell them who each is and why they are great for the business.
- Show your Financial Projections, from Initial capital to how you’re going to spend it and how and when you’re going to profit.
More on How to Write a Proposal:
- Finding and Creating Opportunities for Writing a Business Proposal
- How to Write a Business Proposal
- The Key Forms of Business Writing: Proposals
- Writing a Formal Business Proposal : Formal Business Proposal Report Introduction
- Business Proposal Template