How to write a business proposal .


Tips: How to Write a Business Proposal


You have a great idea for a new product or service. Before a bank or investment firm will lend you money to get off the ground, you'll need to craft a solid business proposal. Follow these relatively simple steps to get your foot in the door on getting enough mullah to survive the arduous task of developing your product and making your dream a reality.





                    1.
Talk with somebody who has written several successful business proposals. Ask what worked and what didn't.
    • 2
Outline a two-part proposal. The first part will describe the business opportunity and your plans to take advantage of it. The second will present financial data - tax returns, a balance sheet and a summary of your operating plan.
    • 3
Write the proposal. Limit the first part to 10 pages. Make it concise and clear. When describing the market opportunity, cite sources.
    • 4
Explain what makes you and your company different from competitors. Perhaps you have special skills and experiences. You might have a new technology. Talk about your achievements in the industry.
    • 5
Describe the segment of the market you will pursue. Discuss what you will do to take market share away from competitors.
    • 6
Identify prospective customers. Explain why you are targeting them.
    • 7
Summarize your marketing plan. Offer details, but be brief.
    • 8
Discuss any regulatory issues your company might have to deal with.
    • 9
Identify the management team. Who are the top three people in the company? Give brief biographical sketches.
    • 10 Describe your expectations regarding revenue and cash flow for the first year. Discuss how much money you think you will need to get started, how it will be . how it will be used, and where you plan to obtain it.




Comments

Post a Comment

Popular posts from this blog

How to Raise Start-Up Capital

Image
One of the aspects that entrepreneurs find most daunting is raising start-up capital. Gone are the days of pitching investors with hot new technology ideas. Today, entrepreneurs are much more likely to dive into their own pockets and hunker down for a battle to start up and stay alive. But if you don't have the cash in your wallet, what do you do?  Luckily, there are still options for funding new companies but finding and securing the cash will take careful research, good negotiating skills, and, above all, an unflagging commitment to launching your new business. Start your capital search with a good business plan that shows investors and lenders your company's potential. Follow that up with a thorough knowledge of the resources available and a determination to make your business a reality and you should be on your way to uncovering a source that fits your new business's cash needs.
Read more

COPYRIGHTS

Image
The copyright laws sever to create property rights for certain kinds of intellectual property, generally called works of authorship. Copyrights laws protect the legal rights of the creator of an original work by preventing others from reproducing the work in any other way.   Kind of intellectual property   Modern copyrights laws serve to protect a variety of intellectual property ranging from songs and jingles to computer software and proprietary databases. The intellectual property under copyright laws can be classified as follows.   Literary works   These cover published works, including books, articles, journals, and periodicals, as well as manuscripts. Even adaptations, translations, and abridgments are taken as original works and are protected under copyright law. Very importantly, these also cover computer programs and computer databases.   Dramatic works   A dramatic work means a work capable of being physi...
Read more

INCREASE YOUR FINANCIAL IQ

Image
  Money Is Not Evil One of the greatest failures of the educational system is the failure to provide financial  education to students. Educators seem to think that money has Some sort of quasi-religious or cult-like taint to it, believing that the love of money is the root of all evil. As most of us know, it is not the love of money that is evil—it is the lack of money that causes evil. It is working at a job we hate that is evil. Working hard yet not earning enough to provide for our families is evil. For some, being deeply in debt is evil. Fighting with people you love over money is evil. Being greedy is evil. And committing criminal or immoral acts to get money is evil. Money by itself is not evil. Money is just money.   Your House Is Not an Asset The lack of financial education also causes people to do stupid things or be misled by stupid people. For example, in 1997, when I first published Rich Dad Poor Dad and stated that “Your hou...
Read more