Saturday, September 6, 2014

How to Write a First Class Business Plan Proposal

A business plan proposal outlines your business, your market and how you want your product or service to be delivered to potential customers. Think of it this way: It is a mix of both a business plan and a business proposal. While a business plan is used to sell your business to investors, a business proposal caters to a client. Ultimately, they are both used for sales. Much like a sales document, it is designed to persuade the client to hire your company instead of a competitor. The business plan proposal addresses a specific need of a specific client. These require careful attention. 

Getting started: 
The first steps of writing a business plan proposal involve introducing your company. This is quite similar to an executive summary, where you outline what you do and who you are. Here, you should focus more on establishing credibility, and how your business can fulfill the client's needs. It is also a good idea to let the client know about your history and what you've done before.

Researching and planning is always a pre-requisite. Spend some time and effort in researching what the client's actually needs in order to tailor your proposal according to what the client wants.

Paying attention to logistics is an absolute must. The client should be well informed beforehand on how, where and when the product will be delivered. The same case applies to a service delivery as well as a direct sales company. This clears up any confusions, and lessens the changes of lawsuits being filed when a client feels he has not been fully satisfied.

There is usually no hard and fast format specified for a business plan proposal, so feel free to tweak it a bit. Some of the areas that you must cover are the goals of your proposal, the time and cost requirements for the whole proves and the benefits the client will receive by taking up your recommendations. It should highlight the company's strengths and dispel and reservations the client may have.

At the end stage:
You can apply the finishing touches to your business plan proposal by making sure the information is arranged in a proper manner. You should also have someone proofread the proposal to catch spelling and grammatical errors. If you keep all of these pointers in mind, you will soon have lots of clients thanks to the best business plan proposal ever drafted!

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