How to Write a Proposal
When 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 will 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.
If you are an amateur in this case, you will be useful to read this tips and advices.
If you have an opportunity to talk with somebody who has written several successful business proposals. Ask what worked and what didn't. If no, it is not a problem, because you can find lots of comment on the Internet forums.
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. When you described the general sense of your proposal, start to write the text of proposal itself. Limit the first part to 10 pages. Make it concise and clear. When describing the market opportunity, cite sources. 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. Here you can mention awards of your company, programs, competitions, expositions you took part.
Describe the segment of the market you will pursue. Discuss what you will do to take market share away from competitors. Then you should identify prospective customers. Explain why you are targeting them and what the expected demand is. If you have done research, mention the sources by name. Summarize your marketing plan offering details, but in a brief. It is possible to discuss any regulatory issues your company might have to deal with or plan to deal with in case of successful project.
In the end you should identify the management team. Who are the top three people in the company? Give their brief biographical sketches and also point out awards, experience and personal skills.
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 used, and where you plan to obtain it.
You can even make a short specification of the money spending in details.