How to Write a Business Proposal

You have a great idea for a new product or service. Before a bank or investment firm will lend you money to get off the ground, you'll need to craft a solid business proposal. Follow these relatively simple steps to get your foot in the door on getting enough mullah to survive the arduous task of developing your product and making your dream a reality.


Instructions

Difficulty: Moderately Challenging


Step1 Talk with somebody who has written several successful business proposals. Ask what worked and what didn't.

Step2 Outline a two-part proposal. The first part will describe the business opportunity and your plans to take advantage of it. The second will present financial data - tax returns, a balance sheet and a summary of your operating plan.


Step3 Write the proposal. Limit the first part to 10 pages. Make it concise and clear. When describing the market opportunity, cite sources.

Step4 Explain what makes you and your company different from competitors. Perhaps you have special skills and experiences. You might have a new technology. Talk about your achievements in the industry.

Step5 Describe the segment of the market you will pursue. Discuss what you will do to take market share away from competitors.


Step6 Identify prospective customers. Explain why you are targeting them.

Step7 Summarize your marketing plan. Offer details, but be brief.

Step8 Discuss any regulatory issues your company might have to deal with.

Step9 Identify the management team. Who are the top three people in the company? Give brief biographical sketches.

Step10 Describe your expectations regarding revenue and cash flow for the first year. Discuss how much money you think you will need to get started, how it will be used, and where you plan to obtain it.