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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.

How to Write an Informal Proposal Sample

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Informal proposal is written to define a project in terms of necessity. It is usually submitted to provide viable solution for the present problem.. It is written by stating a problem and present the steps in order to solve a problem such as providing the process, funding, staff allocation and management procedures. Writing an informal proposal is less complicated than formal proposal.

Here are some steps when writing a proposal:

  1. Stating your purpose. The reader should immediately know the reason of writing.
  2. Provide background information about the problem as well as the propose solution.
  3. Give the propose solution to the problem. Present the suggestion or methods to be used in order to solve the problem.
  4. State the cost of the project. Details the expenses as well as the benefits of your project.
  5. Provide conclusion by restating the problem and proposed solution.

Here are some components of informal proposal:

• Purpose of the Proposal
It contains why the proposal is being written.

• Goals or objectives
It should state the goals and objectives of the proposal as well as the milestone to achieve these goals and objectives.

• Implication
It should state the implications or consequences of the proposal when it implemented.

• Plan of Action
It provides details on how to successfully implemented the proposal.

• Funding
It contains the cost of the project in order to know if it is worth.

• Conclusion
It provides conclusion and summary of the proposal

Elements of Research Proposal

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Research proposal is contains a proposed research project that provides its aims and objectives, methodology to achieve the goals, time frame to finish the project, the results of the research and its outcomes. It purpose is to convince people that you have a worthwhile research project and the problem is significant and worthy of study.

Title
It contains the fewest words to describe the main idea of the study.

Abstract
It is a summary of the whole research. It should be written briefly since it has a maximum word limit. It contains research problem, objectives, methodology, findings and conclusion.

Table of Contents
It provides the list of what topics are included in the research with corresponding page numbers

Introduction
It provides background of the study, statement of the problem, research objectives, significance and scope of the study, delimitation of the study and assumptions of the study.

Review of the Related Literature
It provides the background and context for the research problem. It contains the result of other studies that is closely related to the study being stated.

Methodology
It contains design of the study, population and samples, research instrument, pilot study, reliability and viability of the instrument, method of data collection and data analysis plan.

Legal Consideration / Ethical Issues
It should have inform consent and voluntary participation

Time Frame / Time Schedule
It provides the sequence of activities as well as the product of deliverables that will prepared. It should specify the tasks, deliverables, and schedule.

References
It contains the list of references used in the study.

Effective Proposal Writing Tips

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A proposal is written to propose a plan or suggestion of an idea, projects or products to the prospective clients. There are two types of proposal namely solicited proposal and unsolicited proposal. Solicited proposal is written as request by the client or customer or issue a written request for proposal while unsolicited proposal is submitting a proposal haven’t them asked for you just think that they need to take your suggestion or plan for their benefits.

Writing a proposal do not have specific format unless a request for proposal requires a format. However, proposal should be written in simple form, provides visual aids such as tables, graphs and charts, and easy to read.
Effective proposal should focus on client’s needs. Your product or idea should provide information on how these will help to your prospective clients. Make sure that your proposal will achieve the goals of your client. It should be simple and short but with complete information.

Common mistakes of a proposal are not providing a clear and persuasive document so therefore the proposal has little impact to the client or audience. It is the best to spent time for understanding client’s needs.

Here are some important components to be included in your proposal:

  • Title
  • Executive Summary
  • Introduction
  • Background
  • Methods and Analysis
  • Timetable and Budget
  • Conclusion, Recommendation and Results
  • Appendices

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

Franchising Mistakes

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Franchising is to adopt the business of someone including the products and services offered by the business as well as the name of the business. This someone is called the franchisor who is the owner of the business providing the products and services and assigned this business to independent individual called the franchisees. The franchisee has the right to market, distribute and manage the franchisor’s product or service and use the business name for the period of time.

Most people think that the most easy and profitable business to build nowadays is franchising. They things that you have to to is to invest money without thinking that there is also a need of lot of hard work, marketing and management skills and a lot of perseverance to learn that process of franchising in order to be successful.

The following are some franchising mistakes:

• Wrong location

Settle for the bad location makes your franchising business failed even though your products or services offer is good. Find a location that your business will have exposure and easy access. Looking for right location consumes times and effort but it worth it after a while. Visit your potential location at different days and time to observe if the location is visible and accessible to public. Extra time on the beginning have great impact on your long term success and avoidance of business failure.

• Inadequate capital

If you do not have enough capital for business funding, it is more likely that you will only struggle to endure hard times. Remember that any business either franchising business or traditional business takes a couple of months before beginning to reap the profit.

• Mismanagement

Make sure to hire the people suited to your business. Ensure that the people working for you has the skills and training in order to do the job properly. Also, you have to know how to manage your people.

• Relying on your instinct

Do not assumes that your franchising business will be successful because your see other existing franchisees is profitable and successful. You have to devote your time learning the process of the business. Make friends to other franchisees to get knowledge on to do become successful in their business endeavor.

• Not applying the proven system

The franchisee does not apply the system learn from the franchisor in his franchising business. Does not implementing the marketing plan as well as the franchisor’s training on the business.

Outline for Research Proposal

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Research proposal is a document proposing a research project and request for sponsorship. It serves as an application whether an expertise will be supported or not. The objective of the research proposal is to present and justify the needs to study the research problem .

Before writing a research study, it is good to ask the following questions to serve as your guidelines:

  1. What study do I want?
  2. Why is the topic significant?
  3. How is it vital within the subject areas covered
  4. What are the problems to be solved?
  5. How to expand your study if the research is already conducted on the topic?
  6. What are your plans to do the research and get done in your time frame?

Here are sample outline to be included in your research proposal:

• Title

It should give clear signal of the proposed research approach or key question.

• Background and Rationale

It includes the background of the problems of the proposed research as well as the summary of debates and development of the research study. A short literature review should be included.

• Research Question

It provides issues regarding the proposed research. It should explain the problems why it is worth exploring.

• Research Methodology

It includes the theoretical resources, theoretical framework, research method as the well the limits of particular approach or method.

• Plan of Work and Time Schedule

It contains the timetable for your research study.

• Bibliography

It contains list of references to key articles and text as well the sources of your study.

Proposal Facts

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What is Proposal

It is a written document to encourage the reader for an idea to make action. It is an offer to be accepted or rejected.

What are the characteristics of proposal

  1. A proposal should be persuasive to convince the reader.
  2. It should have a deep understanding of the problem and the proposed solution is clearly address the existing problems.
  3. The goals and objectives of the proposal should be clear and outcome-based
  4. It should contains the list of benefits
  5. Proposed solution or proposed idea should be defined clearly.

What are the types of proposal?

  1. Solicited Proposal. It is when a client request for a proposal. A client may issue a Request for Proposal (RFP) or may ask verbally.
  2. Unsolicited Proposal. You send a proposal without any invitation for the purpose of obtaing a contract or a job from client.

What are the contents of Proposal?

• Objectives
It should states the objectives of the proposed project or ideas.

• Background
It should provides background of the study such as the problem being solved.

• Benefits
It should contains the benefits of he proposed solution to the problem or benefits of the implementation of the proposal.

• Plan and Actions
It should provides the action to be taken in order to implement the proposed project or proposed solution.

• Team or Management
It should provides the people who will behind the proposed project. It includes the qualitification of the people involves in the proposal as well as their training and experiences.

• Cost or Financial Budget needed
It should includes the cost of the proposed project. It can include the cost analysis benefits.

• Appendix
It should contains the supporting information for the 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.