Follow these seven steps to write winning business proposals:
As a business owner, whether small, medium or large scale, you will at one point in time have to write some business proposal.
In fact, for some businesses, you may have to write business proposal every week/month
To start with, what is business proposal?
For so many people, business proposal and business plan are both the same thing. That`s not correct. Business plans are the goals you set for your business and the step-by-step plans about how you intend to achieve them.
Business plan is useful for you to maintain focus in pursuing your entrepreneurial aims and objectives and it could be a good document to convince investors that you have a viable business project, so that they will be willing to raise capital for your business.
Business proposal is different in the sense that it`s not written as a goal for your enterprise or a document to negotiate capital. Instead, business proposal is the letter (or document) a business submit to the potential clients or customers with the intention of winning a business deal.
Now you see the difference.
When you`re writing business plan, you`re simply writing goals for your company. You will as well include some sections on the strategies and tactics you plan to use to achieve those goals.
1. Study the Requirements. Writing a winning proposal begins with a clear understanding of the client's requirements. ...
2. Understand the Client. ...
3. Develop a Methodology. ...
4. Evaluate the Solution. ...
5. Outshine Your Competitors. ...
6. Write the Proposal. ...
7. Apply the Finishing Touches.
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