Every business plan requires a proposal to explain the idea in detail to interested parties, such as investors, potential clients, or colleagues. Proposals serve to provide the necessary information to make decisions about investment, partnerships, or funding. Proposals can also be used to convince interested parties that the business is viable and reliable.
Business proposals can be made at various times depending on the goals and needs of the business. For example, when you are planning to start a new business. when a person or group wants to start a new business, it needs a proposal to be presented in order to convince investors to fund.Other than that, business proposals are also needed when you want to expand the business. If you wish to add a new product or service or expand into a different market, a business proposal can be used to convince decision-makers to fund the expansion.
Business proposals can also be submitted when a business wants to work with other companies or individuals so that they are interested in joining the project and can help the funding from external sources. And also a business proposal can be done to obtain contracts, be it contracts from the government or large companies.
In all of the above circumstances, the business proposal must be updated regularly to reflect changes in the business and market. Business proposals should be submitted to parties that are in accordance with the objectives and type of business to be developed. Business proposals can be made by various people related to the business, depending on their level of involvement in the project or business plan.
Proposals can be worked on by business owners or team leaders, who have the vision and business plan and will be responsible for its implementation. Managers or supervisors, are the people responsible for coordinating and executing business plans. Business staff or team members, who will be involved in executing the project or business plan. It can even be submitted by more professional parties such as business consultants or professional business proposal writers, they can provide assistance in market analysis and financial projections and have the ability to write and create effective and professional business proposals.
If you already know your business plan and are ready to work on a proposal, then there are several things that can be included to make a business proposal attractive, some things to pay attention to are:
Identify goals: make sure you know the goals of your proposal and who will accept them.
Title and executive summary: provide a brief description of the business proposal, including objectives, product or service, and target market.
Research: conduct research to determine market needs and competitors.
Product or service description: explain in detail the product or service that you will offer, including its history, vision, mission, and benefits and advantages of the product or service.
Market analysis: an explanation of how you will market the product or service you are making and how much you are expected to generate. Then show the results of market research that supports business feasibility, including demographic data, market trends, and competitors.
Financial structure: provide details about the budget and financial projections. Provides revenue and expense forecasts, including profit or loss projections, cash flow, and balance sheets.
Action plan: describe how to execute the business plan, and who will be responsible for each task.
Professional format: Make sure the proposal looks professional and easy to read.
Reference list: provides a list of sources used in research and business proposal creation.
Attachments: in the form of supporting documents that may be required such as financial reports, feasibility studies, and others.
Review and revision: Review and revise the proposal before sending it to interested parties.
Want to be able to make a business proposal? Have an idea to grow your business but don’t know where to study? Learn more about creating business proposals with Microsoft Skills for Jobs! Guided by a tutor who understands the business world, you will easily understand it. To access the material, click the link https://sfj.biji-biji.com/id. This program is free of charge, then you will also get a certificate after completing the lesson!