Writing A New Business Proposal Made Easy
Viewed: 34664 Times

Writing a new business proposal, does it seem like a challenge? Most business owners would respond affirmatively. The task of writing a new business proposal seems difficult to most entrepreneurs, but it does not have to be. First of all, do not confuse a new business proposal with a business plan. Business plans and business proposals are not the same thing. A business plan is a complex plan you create before launching your business.

Most financial institutions require the presentation of a business plan in order to determine if your company is eligible for a certain startup financing loan or not. On the other hand, you write new business proposals when suggesting a certain venture or business arrangement to another party and want to outline what your project is all about. In some cases, you can write new business proposal in response to a Request for Proposal (RFP). A RPF occurs when a certain private company or even government agency request a certain partnership and service. In most cases, clear guidelines regarding the content of a new business proposal are provided.

As a result, you will need to follow these indications when developing your new business proposal, which can be a complex and time-consuming process. In other situations, a new business proposal can be written as an unsolicited proposal from one party to another, in which case the new business proposal will not be as formal as was the case with the RFP. That does not mean, however, that it should not be clear and detailed regarding all aspects of the new business. When writing such a proposal, you must remember that you are selling the concept behind a proposal to a person or financial entity which has not manifested direct interest in that venture. You need to emphasize exactly why and how you consider that the collaboration you are proposing would benefit both parties involved.

This is not an RFP. You need to convince the person or organization you are submitting the new business proposal to that working with you and your company would impact their business in a positive way. Remember that you do not only want to convince the recipient that working with you would benefit both parties involved, you need to also explain why they would choose you or your company instead of a competitor. After all, you wouldn't want that person or financial entity to simply read your proposal, decide that they like the concept but give the contract to one of your competitors, would you? The newbusiness proposal should also clearly specify the budget needed for your project, a timeframe as far as delivering the services or goods is concerned and the responsibilities of both parties in order to make the collaboration work should your proposal be approved.

Try to come up with a list of the main categories you will be including and the key points you will want to emphasize, and, based on that outline, write the proposal. Try to be as detailed as possible and include any additional information you might have regarding any aspect of your proposal. As a final word of advice, treat the task of writing a new business proposal with the goal of getting an interview in mind, where you will be given the best opportunity of directly selling your services to an already interested party.

 Digg It    Stumble It