Category: Business Proposal

Business Proposal Creative Ideas

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Due to large number of competitors, it is crucial to make your business proposal to be creative in order to have unique proposal that your prospect client will notice your proposal. Your proposal should be stand out and memorable to close a business deal.

Here are some creative ideas to have stunning business proposal:

• Make an outline


Having an outline make your work organize and get clear on what you are offering to solve the problem of your client. These sections include the introduction, client’s problem, proposed solution, related literature or examples or case studies similar to your proposed solution that have been successful when implementing, project cost, conclusion and recommendation.

• Include testimonials

To get the trust of your prospective client, you can add testimonials to your business proposal. Testimonials help to establish trust and help potential client to find the right person to do the work. You can invite or reach out your previous client to share their opinions about your business and what it was like working with you.

• Make a project statement or project summary

It is a good idea to include a project statement or project summary at the beginning of your business proposal to tell the client the problem you will solve.

• Add an expiration date for your business proposal
Other strategy is to make your proposal available only until a certain date. Explain to your potential client that after the expiration date you won’t be able to offer the same pricing. You can call them after a day or two before the proposal expire and remind them about it to avail the same pricing.

• Include a case study

The best way to showcase your expertise and results is to include a case study. Case study will be the bigger picture if there is similarities between the past and the potential or prospective client.

• Include an Add-On item

Including an add-on item for every proposal you send out. It will help your potential client to see all services you’ve got to offer. These add on item can be free logo design or media graphics for their business

• Include visuals

By adding visuals to your business proposal make your proposal more appealing. The easiest way to do this is to add images such as a photo of yourself and team members or photo of past clients.

• Personalize the covers

Personalize the cover page for each client by including the client’s name on the cover of the proposal.

What is Business Proposal Letter

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Business proposal letter is one of the important parts of the proposal process. One of the role of business proposal letter is to convince your reader to read your proposal and let see the solution presented in your proposal. It is simply a letter that offer your product or service to your prospective client and give good reason of using them.
There are some instances that the client do not have time to read the entire proposal and you have to provide a letter that contains the whole contents of a proposal. It is important to pay attention to the cover letter of the proposal and make it right.

Here are some tips on making a good business proposal letter:

• Pay attention with the format of your business proposal letter. Make sure to know the basic parts of a business letter such as the header, sender’s information, date, recipient’s information, salutation, and signature

• Make sure to provide background information

• Clearly state your purpose of writing a business proposal letter by providing clear details such as giving basic terms of the proposal and emphasize your purpose

• Provides the benefits of your proposed project

• Gives idea on budget if necessary

• Include any supporting documents and denote these enclosurer

Formal Business Proposal

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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.

Sample Proposal Cover Letter Sample

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June 25, 2005

Angelita Agaloos
Finance Manager
ABV Enterprise

Dear Ms. Agaloos:

We will submit an interesting business proposal wherein you will be able to cut the cost of your company by 50 percent. We have done this for our previous clients and would like to spread this message across our potential clients.
We will analyze and review your present system used in your company and find out the loopholes. After thorough study, we will give the solution that can change the system and help you to cut down your current expenses for your printing, stationey cost, overtimes pays and among others expenses. We will develop a system that will transfers all the paper works into electronic medium. In this case, this will save both paper, time and money.

Enclosed herewith is our proposal outline that includes al the steps and process to help you to adapt our proposed system. I even includes the list of our previous clients and contains the successful projects that we have completed for your reference.

I will keep in touch to you later once you go through this proposal. I hope we can work together for the soonest possible time.

Sincerely,

Ericson Salalima

System Analyst

Business Idea Proposal

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Business proposal is written to prospective clients to convince them that the business being proposed is profitable. In case of business idea proposal, it is a proposed concept for the business. It can be  a one page written document that contains the proposed idea or business concept. It is simply a putting business ideas into written words. The most important part about business idea is turning it into a business proposal.

Here are some steps for business idea proposal

  • Make research

Make sure to research for your target market to know if there is enough demand for your proposed business idea and later on can be used this research in your business proposal. Also, your should know your competitors.

  • Get feedback

This is the time of knowing the strength and weakness of your business idea. It is good to listen to the insights of other person. You can discuss your business idea to your partners, friends, potential investor and even to your competitors Their feed backs are important to improve your business ideas.

  • Create business concept

Creating a business concept or business idea is essential and incorporate into business proposal. In this case, you have to gather data and statistics from the market research and how your bsuiness idea put into action. You have to discuss and describe your business idea to a potential investors.

  • Recognize potential investors

You should know who will addressing the business proposal by identifying and recognizing the potential investors. Make a list of potential investors and know their needs and interest so that you may know who will be interesed in your business idea.

  • Finalize your business idea proposal

Once you are determined with your business idea. Finalize your business idea proposal by providing information to your prospective clients including the strengths and weaknesses of your proposal, business background, and among others. You have to convince your prospective investor that you are the right person to execute the project.

  • Prepare for the presentation

After sending your business proposal, you  have to prepare for your verbal presentation that you must likely to do if an investor takes interest in your business idea. You should present a clear outline which includes the financial budget and where this funds plan to spend. In this way, you will turn your business idea into an effective business proposal

Essential Components of Business Proposal

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Business proposal is written to prospective client to obtain a particular job. You can submit a business proposal to obtain business from a large corporation or government bodies.

Business proposal has two primary types namely solicited business proposal and unsolicited business proposal. A solicited business proposal is requested by the potential client to seek an outside company to fulfill a project. Your proposal will be responded to an open bid placed on the market such as request for proposal or RFP. This client will choose the best business proposal that is suited to their needs. Unsolicited business proposal on the other hand is not requested by the potential client. You can submit unsolicited business proposal if you want to do business with other companies. A win business proposal should meet the client’s need.

A successful business proposal has essential components:

• Solutions

Your business proposal should provide presentation that shows the solution that will solve the problems.

• Benefits

It should provide a list of benefits that your business proposal offers. These benefits should meets the needs of the client.

• Evidence

It should show samples and evidence that you can deliver a best job for your client.

• Reliability

Your company should be reliable and trustworthy in order to get the trust of your prospective client. You should have license to operate your business and your team or people are qualified to do the jobs.

• Language

Use simple language that can be easy to understand. Do no use complicated words.

Sample Car Insurance Proposal

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Motor Car Proposal

Here is our proposal for you newly purchase vehicle:

Risk Factors:

Type: Motor Car Insurance
Assured: Ronald H. Santos
Plate No. Brand New
Unit: 2017 Isuzu mu-X 3.0 LS-A 4x2AT BluePower
Participation: 3,000

Coverage

Own Damage/Theft
• Sum Insured: Php 1,598,000.00
• Premium: 15,980.00

Acts of Nature
• Sum Insured: Php 1,598,000.00
• Premium: 7,990.00

Bodily Injury
• Sum Insured: Php 200,000.00
• Premium: 510.00

Property Damage
• Sum Insured: Php 200,000.00
• Premium: 1,320.00

Total Premium: Php 25,800.00
DST: Php 3,225.00
VAT: Php 3,096.00
LGT: 51.60

Total Amount Due: Php 32,172.60

 

For inquiries, please call and look for Ethel at 091645774.

Thank you and best regards,

Business Proposal Outline

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Business proposal is a written to offer particular product or services to potential client. It is consider one of the critical documents because you have to convince your potential client so it is important to make a business proposal outline to use as guide to your writing.

Here is a sample business proposal outline:

I. Title Page

It contains the title of your business proposal, company name, date, etc.

II. Executive Summary

It provides the summary of a problem being solved, proposed solution, market, competition and financial highlights. Keep it simple and brief that your audience will be able to have an idea about your business proposal. It should get the attention of your audience in order to further read other details and make it interesting.

III. Description of Products and Services

Show the problems to you client and describe your proposed solution. Provide the benefits as you define the products you are selling or services you are offering.

IV. Market Analysis

It contains your market such as the type of customer you are looking for as well as the market trends. Describe also the competitors and know if there is still a room for you. It also explain the market trends, market needs, market growth, target customer, future markets, competitors, etc.

V. Strategy and Implementation

It describes the marketing plan, sales plan, location, facilities, technology as well as the equipment to be used.

VI. Financial Analysis

This section provides the projected profit and loss, cash flow tables as well as the assumptions you are making. Highlights the budget need to launch your business proposal. In addition, a balance sheet, sales forecast and break even analysis can be included in this section.

VII. Company Profile

It includes the company history, company vision and ownership. Also, it contains information about organization of your business as well the member of your management team.

VIII. Reference

It provides the list of references used for your business proposal.

Business Ideas for Filipinos

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Everyone should think to have their own business. But of course, before engaging yourself to a business venture, make sure that you know everything about it. You can make feasibility study so that you may know if the kind of business is suited to your place or area and to make sure that your chosen business is profitable.

Here are some business ideas:

1. Food Cart Franchise

Choosing a food cart that suited to your location can be an option to have your own business. It is a budget friendly option compared to fast food franchise.

2. Convenience Store

Convenience store is open for 24 hours a day and you can offers different goods and it can surely profitable.

3. Bakery

As long as have a good area for bakery, it can be a good venture.

4. Water Refilling Station

Water is necessity in human beings. Today, water business is very common. Water refilling station is a good start-up business because it is easy to run, just make sure that you are producing safe and clean water.

5. Fast Food

Fast food chain is very popular nowadays since people are always busy and there is no time for preparing foods. Franchising a famous fast food is surely a success.

6. Coffee Shop

Most Filipinos loves coffee so coffee shop is also a good business venture. Make sure that your coffee shop has good ambiance to attract customer.

7. Grocery Store

Grocery items are also necessity for a living so grocery store is also good investment as long as you find the right location for your store and offers a variety of items.

8. Personal Care

Filipinos is also known as self-conscious so franchising a products endorsed by popular artist or celebrities will be successful business venture.

9. Service type business

Establishing business type business is also good start up business such as establishing a parlor or laundry shop. Check the kind of service needs to make sure that people will patronize your business.

Business Proposal Format

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business-proposalOne of the important part of business venture is a business proposal. No one will invest and take your idea without thorough research on every aspect of your business idea.

Here are an example of business proposal format

Executive Summary

It contains the brief outline of the company’s purpose and goals. You must catch the attention of your reader by writing the most concise and informational summary. It should be fit on one or two pages which includes a brief description of products and services, objectives, description of the market, growth potential, and overview of funding requirements.

I. General Company Description

It provides company’s goals and objectives, business philosophy, and industry description.

II. Products and Services

It includes description of products and services and competitive advantages and disadvantages.

III. Marketing Plan

It should mention first the economic aspect such as total size of the market, current demand for your product, latest trends, and growth opportunity. Identify targeted customers or clients, their characteristics and geographic location. In addition, includes the list of competitors. At the end, you should provide your promotional strategies and budget information.

IV. Sales Forecast

It contains the sales forecast spreadsheets as well as the start up expenses worksheet.

V. Operational Plan

It covers the daily operation of the business, its location, equipment, people, processes and surrounding environment.