Before you start a business, you need to sit down and craft a detailed business proposal before you present your business ideas to a potential partner or investor. There are simple guidelines you need to factor in when writing a business proposal. If you wondered how to write a business proposal, here are few tips:
- You will need to identify who will do the work and who will manage what work. You also need to specifically set out the duties and responsibilities for every one so that everybody is accountable for the work done
- Identify the needs the business will be fulfilling – this is what needs to be done. Identify the target market segment, what the customers expect and how much it costs
- Identify where the work will be done from and where the customers will be
- Identify how services or products will be delivered, how they will be managed, how you will achieve full quality and customer satisfaction, how long will delivery take and how it will benefit the customer
- Identify when you expect to start, when will a certain project be complete and when the payment is due
- Identify and explain why you have chosen the approaches you have and why the customer should choose your product or services. You should make your products and services as irresistible as possible for the customers and partners
After you have identified all this, you should then present the proposal to a potential partner or customer. Here are some guidelines to go by when you are presenting the proposal.
- Once you have identified the potential investor or partner, you should do thorough research on their background, to make sure that their mission matches yours and identify whether your services will give them a new edge in competition and find out how they make decisions
- The business proposals should be as persuasive and convincing as possible that they cannot refuse the offer. Do some research about the competitors and come up with a realistic offer that gives you an edge against other businesses
- Most investors are looking to gain more profits, when presenting the proposal, explain how they will benefit if they partner or invest with you. Give facts and well versed predictions using current market statistics and other data
- Personalize the business proposal. Most partners are conformable working with someone who understands who and what they are about, so as you present your proposal emphasize their values
- Build a relationship with a potential partner or investor. Investors find it easier to work with someone they already know even before they receive the proposal. This also says a lot about you and your business even before they get into business with you
Not winning all the bids is a part of business process. But the best winning deal is something that matches your company’s rules where there is a win and win for both the dealers. Remember, you have a very limited time than other buying companies. Writing a business proposal that is mutually beneficial is sure to fulfill your future requirements. So be quick when you take a decision in balance with a right decision.