Many people confuse the business proposal and business plan. Are you also confused about these two terms? And if so, then get rid of this confusion because these are two different terms. The primary purpose of the business proposal is to increase the number of sales of your product instead of finding an investor to invest in your business.
Let’s take a brief look overall at the business proposal!
What is a Business Proposal?
A business proposal is a contractual agreement written by one company and then given to another company to secure an agreement between them.
Types of Business Proposal
There are mainly two types of a business proposals.
#1. Solicited Business Proposal
This proposal is requested by the forthcoming customer. When one company fails to solve a problem, it asks for a recommendation from another company to solve its problem.
#2. Unsolicited Business Proposal
In this, you access a potential client and offer him a proposal personally to your business.
How to Write a Business Proposal?
There are the following steps about how to write a business proposal.
#1. Start With a Title Page
Always take a start with the title page, and this should include some essential things like your full name, the full name of a person to whom this proposal is submitted, the full name of the company and the date at which this proposal is submitted.
#2. Make a Table of Contents
Then create a table of contents depending upon your business proposal’s length, which is added after the title page. If you are inserting it in PDF, then after each section, you must put anchor links for easy access to each area.
#3. Explain the Executive Summary
Then make a good executive summary that includes the description of the products you want to sail in your business and tell why your company is best.
#4. Describe the Problem
You state the problem faced by your customers and show them that you clearly understand their situation and what type of products they want to buy.
Then you propose the solution for solving your customer’s problem and describe steps you make to fulfil the needs of your customer.
#6. Explain Your Qualifications
Explain to your customers your qualifications, like are you qualified and expert to solve their problems, why they should believe in you, and why the company hires you for this job.
#7. Include the Cost Options
In this, you would mention some tricky things like your product price remaining fixed, you would not make any changes in this fixed-price, or you can add a table with options of different prices.
#8. State Your Terms and Conditions
In this, you tell your customers about your terms and conditions, like what happens if they accept your proposal?
#9. Add a Signature Box to Sign the Agreement
Include a signature box; if the customer accepts your proposal, then make a sign here.
Hopefully, you will understand much more about the business proposal in detail. If you are willing to write the best business proposal, then SYNERGY company will help you in this case and if you are interested in business proposal writing service, then contact Synergy Strategy!