If You Think You Understand Proposals, Then Read This
November 21, 2017
Business Proposal
A formal suggestion to be able to partner with another party to sell, buy or supply goods is what is called a business proposal. A business proposal means many things ranging from a partnership proposal, marketing proposal or even a request that mainly involves cooperative actions of many people to make it a reality. A business plan and a proposal mean two very different things. The main difference between the two terms is that; a business plan acts as a guide towards the establishment of a business idea while on the other hand, a proposal is that document that aims at luring another person to join hands with you in order to make sure that the established idea is executed. A business plan focuses more on the business itself whilst a business proposal focuses more on the expectations of the party to whom the proposal is being addressed. More to this is that according to this article, the person to be addressed is the customer. The following steps are instrumental towards the writing of an effective business proposal
The first step towards an effective proposal is to clearly identify and itemize its objectives so as to ensure the purpose of the proposal is not derailed. This also ensures that the customer identifies early with the objective at hand early enough so that if they do not meet their needs they can know early. One has to make sure that the objective is measurable, realistic, time bound, as well as specific for it to meet its purpose.
2. Source All the Information You Will Need before Starting: Gather all information you can before starting. If an individual intends to have a marketing proposal, it would be important to write down all the information regarding this like the customer preferences, buying patterns of the customers, government regulations related to this if any among other factors. the importance of having this information at hand is that it will help you in addressing all the issues that may happen before hand.
One should make sure that the information presented to the customer is validated because it shows how attentive to details one is. having validated information is the first step towards building customer loyalty too you. This further means that any rratio or analysis that a decision is based on has been accurately examined.
The other step is making sure that the information gathered above is correctly grouped under different headings.
The final document is all about presenting all the information collected and put under different subtitles under one document. All that one does here is to make sure that the information is categorized under different headings and subtitles. Titles and sub titles must also proceed in a logical sequence.
