Do you know how to compose a good business proposal that draws all the necessary attention? Do you need a sample of how to come up with a good business proposal ideas that might take you places? Then my best advice for you is to read on.
As an individual with a great business idea but no business proposal ideas, you’ve been through all the necessary research, feasibility studies and crafted a captivating business plan. And you’ve perfectly taken all the initial steps. But you are currently having funding issues. If you happen to be in this category in life you are not alone, as there are millions of others in your shoes. I mean, those individuals with nice business ideas but don’t enough capital to startup. From expert perspectives, the only solution to this problem is third-party funders which could come inform of investors and lenders. Debt financing times could be a dangerous option if not properly handled, that’s the main reason while equity financing appears to be a better option.
Are you confused on how to come up with nice business proposal ideas to grab the needed attention from your prospective investors. Are you strategic steps to guarantee you a contract. Then i advice you read on
Equity Financing is the process of raising capital by selling shares in an enterprise. Aside from that Equity Financing relieves an individual of huge debts that comes from accumulated interest rates, it also goes a long way in reducing your financial risks as you now share them with your investors.Investors don’t just come to you if they don’t have a proper orientation of your business. You need to let them know your business idea, hoping it will interest them.
A good business proposal is a very important document in the corporate world, The sole reason for this is that most big projects, contracts, ventures, fundraising, etc; all commence with business proposals.
What is a Business proposal?
A business proposal is a content written to persuade a prospective client. This proposal is meant to provide all the reasons why you think you are the best and should be chosen. In order for your Business to suit your client’s expectations you should be able to know their questions in the first place, this is the first and major step in presenting an irresistible business proposal.
Writing a comprehensive business proposal is not as hard as people think, this is not something you need to pay someone on Fiverr, Gigbucks or other online service platforms to help you do. Here we will provide you guidelines on how best to compose a well-arranged business proposal that will provide a long-lasting impression on the mind of your investors and persuade them to fund your business.
CREATIVE BUSINESS PROPOSAL IDEAS
A good business proposal should consist of the following details;
- A quick overview of the company
- The exact amount of money required for funding
- A well-detailed explanation on how best you will use the funds
- A well-detailed account of necessary equipment and technology required
- Financial projections with at least years of operation
SIMPLE BUSINESS PROPOSAL IDEAS
A good business proposal might take many forms, But since equity financing is your main concern your proposal should include the following;
The summary should be concise it shouldn’t be more than two to five pages, your contact details should be included, your purpose for investment request and the required amount, a concise description of your company as well as your products, the facilities and equipment required.
It should include a brief description of your proposed target market, competition, a brief description of how you will manage the funds and most importantly a short detail about the goals of the company.
The summary of a good business proposal should be a concise version of an elaborated proposal. it intends to provide the reader with a quick overview of what the proposal is all about and therefore encouraging a thorough overview.
A BRIEF OVERVIEW OF THE COMPANY
This section of the proposal should include the company’s legal structure, its formal name, ownership details, and finally the products and services you are offering. Here you must specify your role in the business and also that of others involved. You should also include the entire details of your own investment in the business.
Information about your products and services
Here a detailed information about your products and services should be included. Inventories in stock to be purchased, the total cost of the inventories, the total cost of production, a very good sales forecast for at least for the next three years.
The use of raised proceeds
In this section, you will give a proper explanation of how best you are going to use the funds you get, provide a detailed account of your expenses. Don’t forget to include a cash flow projections to illustrate how the investors are going to get back their money.
In this section, you will give a proper detail of your marketing, adverts, and most importantly your sales plan. Marketing researchers and data analysis that will support your sales projections should all be included.
Here the company’s management, various individual responsibilities, the employment history of everyone involved, their individual qualifications and experience are stated.Carefully discuss how each member will contribute to the success of the business. Also, include management additions you plan for the future and salary plans for at least three years plus other compensations.
Other importantDAILY WORK-LIFE BALANCEOther important components you should cons components you should consider adding to your business plan includes;
- Facility and Equipment
- Business Financials
INNOVATIVE BUSINESS PROPOSAL IDEAS
Always make it irresistible- A lot of business proposals has been turned down because they either appear complicated or sound strenuous. Your business proposal should be very simple for better understanding.
Show them the money- If there is one thing every investor desires, it’s winning. Investors don’t invest in bad businesses, government entities don’t deal with individuals or companies that don’t have the capacity of delivering at the right time. Corporate firms want to enter into a partnership with sure winning personalities or companies.
So is always very vital you give your prospective clients a proper explanation on how much they will gain if they accept your partnership. Always remember to base your predictions on current market statistics, sales conversion rates, and other vital information.
Your proposal should be based on urgency and not desperation- When writing a proposal, always try to be polite in every aspect. let them know that if you don’t get a feedback from them soon, you might be forced to look elsewhere.