How To Write An Effective Business Proposal
A formal suggestion to be able to partner with another party to sell, buy or supply goods is what is called a business proposal. There are many other terms that mean a business proposal, like a marketing as well as a grant proposal, one common factor of them all is that they require collaborative efforts to make them a reality. A business plan and a proposal mean two very different things. A business proposal is all about attracting shareholders to come and invest in your already established and clearly articulated business idea that has already been put together in a business plan. One should understand that the main focus of the business plan is the idea and the business to be developed while for the proposal it is the potential shareholder. I would like to refer to this party as “the customer”. The following steps are instrumental towards the writing of an effective business proposal
The first step towards an effective proposal is to clearly identify and itemize its objectives so as to ensure the purpose of the proposal is not derailed. Specifying early the objectives of the proposal tells the customer exactly what you intend to achieve and whether or not they can identify with this objective. One has to make sure that the objective is measurable, realistic, time bound, as well as specific for it to meet its purpose.
2. Source All the Information You Will Need before Starting: Gather all information you can before starting. Lets assume that one is writing a marketing proposal, it would be important to gather all the information regarding government policies, customer demographics, the buying patterns of the customers among other things. the importance of having this information at hand is that it will help you in addressing all the issues that may happen before hand.
The customer is supposed to know that you are attentive to details and this can be achieved through making sure that you validate the information you have. The first step towards building customer loyalty is through presenting trustworthy information. One should make sure that any analysis, material, ratio used is examined accurately to make sure that what is presented is objective.
The other step is making sure that the information gathered above is correctly grouped under different headings.
A business proposal is made upon assembling all the information collected and grouped under one final document. All that one does here is to make sure that the information is categorized under different headings and subtitles. Keep in mind that all the titles and subtitles are in the correct sequence.