In business, good decision is based on business proposal because it helps analyze the potential paths. Using business proposal, decision makers will see the risk and benefits of making changes.
Preparing a business proposal is a lot of work because it requires a planning, researching, analyzing, and answering fundamental questions related to past, present and future of a new business solution.
The past corresponds to the nature of the problems and any difficulties that the company faces. Presents corresponds with the solution while the future is about the long term benefits of implementing the proposal.
The first part of your proposal includes the background such as the problem and difficulties of the company. Then at the second part, you can now present the solution for the problem. You can also include the history or the related literature before presenting the solution being proposed. The solution contains the discussion about the proposal, cost and the benefits of implementing it the company. You can include graph and charts for further explanation.
The last part will include the future which includes the long term benefits such as the changes and impact for their organization.
When writing effective proposal can be complex and simple things since it all depends on the situation. Always make sure that your proposal is a winning proposal, meaning that your proposal has outlined the benefits to be gained by the company.
Business development which required written proposal is avoided by some business people because they believe that writing proposal is tricky. I believe that if you will know the basic steps, it will never be difficult because once you clearly define your plan of action and follow simple steps; you will have a winning business proposal.
The first thing you should do with your business proposal is to clearly define the benefits from the proposed business venture. It should be state visibly how it will benefit for them and how you plan to do it. The next step is to tell them why your company is the best for the job.
Describe the product and services you are offering and state clearly your main objectives that it will be the best solution to their company. Identify the points why your company should be chosen by your client.
Then, carefully identify your financial projections. You can employ professional assistance to estimate your business proposal for your prospective client. Always remember that business is not static entity. Convince them that your offer is the most effective and cost effective. Also, you can research your client’s requirement and make sure that your information is up to date as possible.
Make your business proposal informative as much as possible. Any research done and facts based projects should be included in your proposal. You can use charts and graphs to identify your information where necessary.
Finally, use professional layout and eye-catching cover as well good layout such as bullet points, charts, graphs, financial projections and summaries for quick review by prospective clients. It is essential for your business proposal to create a very positive impression.