Small Business Owners - What are the essential parts of putting together a business proposal?
I'll be creating a hub soon about creating business proposals; what do you consider to be the essential parts of such an important document? I already have: Introduction - Executive Summary - Details of Services - Background / Expertise of Staff - Pricing and Timescales - How We Will Work With You - Other Clients. Can you think of anything else please?
I would say projected cash flow forecast, targetted market, return of investment period.
When putting together a business proposal, it is important these days to have every angle covered. The credit markets have thawed out some, but for the most part, they are still tight. A sound business proposal must demonstrate direction. Show that you have done your market research and prove that investors will see a return within a certain time frame. A well thought out budget is always a must. Show what the projected expenses will be and how you plan to meet these expenses. Many small businesses close their doors at the end of one year simply because they did not think about covering expenses. It takes time for a business to grow. Every business that opens its doors is guaranteed instant success. Savvy investors are aware of this and will be looking at the proposal to ensure that they will be paid even during the slow times.
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