Writing a business proposal your startup is not an easy task you have to consider a lot of factors and make proper research. The authentic business plan increases your chances of getting a deal with investors and partners. You have to do your homework when writing a business plan by having all the necessary details investors are thriving to see.
Writing business proposals is essential to increasing your business startup, quality, expansion and potential. In writing a business plan for a startup there are primary things you need to do, they are outlined below.
Gather necessary Information for your startup.
This is the very first vital step you need to make, investors and partners are very skeptical people for you to land an investment with them you need to do your homework by having all the necessary details about the business your business. Who are you, what are your qualifications, and why would a potential client pick you over your competitors? Remember as much as you want to portray a good image of your company you need to keep it simple and straight.
Some of the key questions you need to answer before writing your proposal include:
- Where is your market ? who are you selling your business to. You have to pin point and analyze your market. Market research and statistics is very vital to landing deal. If your numbers are correct it improve your chances.
- Your competition? Are you the first to venture into such business or do you have competition?, is the competitor enjoying a monopoly?
- Knowledge of the problem and Solution: Your business proposal is suppose to show your client that you really understood The problem. That you have the solution to the problem which is even better than that of the competition.
- Pricing and methodology: Investors like numbers, you should capture the revenue model of the business. And how long will it take for the business to be profitable.
As you have known the rudiments of business plan for startups Lets dive into How to write a business proposal proper.
1. Title page
This should contain basic data, like your company’s name and contact information, your company logo, your client’s name and contact information, the date, and a title. it should contain every information required of a formal document.
2. A cover letter
You will need to make that best impression of your start up here. The cover letter should have a brief history of your start up. When it started, the objects and nature of your start up business. It should contain the strides you have made on your own to commence business. Also let investors know the future aspirations of your startup in brief.
3. Table of contents
This is necessary as it helps investors see in a nutshell the content of your start up business proposal. The only time you should not include a table of content is when the proposal is very brief. If you are sending the proposal by email, create a linked table of contents, so that the reader can easily revisit sections without having to navigate through multiple pages. This will make the investor visit the key sections he wants to see.
4. Executive summary
The executive summary should be in a concise detailed form contain why the investor needs to invest in your start up, the problem and the solution, what sets you apart from the competition, your business and revenue model and when will the startup be profitable.
Step 5. Proposal
The proposal should contain in brief the nature of your startup, the object of business and the amount you seek from the investor and for what exact purpose you are seeking the funds from him and what he stands to gain in form of equity.
generally outline all arrangement on how your organization wants to tackle the problem at hand, Make sure you include in the proposal all the necessary details the investor want to hear.
Like the profit margin, sustainability of your startup, can your startup sustain itself ones the funding is secured and has no need to inject more funds, is your startup scale-able. You can get sample drafts of a business proposal on – www.template.net