A formal business proposal is a document needed to submit if you are offering a product or services to a prospective client. These services or products should have benefits such as it should be profitable and helping to solve an specific problem.
The first step in writing a formal business proposal is to introduce the existing problem and its solution. State the task schedule and a budget. introductory paragraph should describe the reason for your proposal such as the background information that support the study. Then state the existing problems. Include your objectives and plan of action for implementing your proposed solution.
Explain the solution that you are trying to propose and how to achieve it. Provide the result of your plan as well as the persons who will be involved on the project other than the investors.
Provides the methods of evaluation of your proposal and how you will prove that it can be successful. Shows the schedules by showing dates so that the investors or bank will trust you and know where to spent their money. You should also explain the budget necessary to carry out the proposed project.
Lastly, provide conclusion as well as the benefits of your proposal. Also, include a list of reference that is related to your study.