Contents of A Business proposal

                                                     Contents of A Business proposal

To start a business requires proper planning and requirement gathering and one of the things you will need to get ready before you finally start your business is a business proposal.

Business proposal is the best way to convince your prospective client without having to see them face to face and depending on how detailed and convincing your proposal is, you can win the heart of your prospective client even before starting the business.

With business proposal, you need not physically explain what your business is all about to anyone and if anyone wants to financially support you in your business, all they will probably need to see about your business will be your business proposal. That having said, the question that a newbie in a business will ask will then be "what is business proposal?".

The last business proposal i wrote was so good that i had to put it up on amazon KDP so that anyone that needs a business proposal can learn. What i have on the amazon platform is like a guide on how to build your own business proposal. With a good business proposal, your business is as good as already established and ready to run. Having known what business proposal is all about, the next question will now be "what are the contents of a good business proposal?"

There are lots of things that be in a business proposal and it's your choice to decide what you need to be in your own business proposal however, there are standards that needs to be in a proposal. If you give your business proposal to a prospective sponsor, there are important part of the business proposal that he will go straight to.

 Contents of a good business proposal:

• A good business proposal should cover the following;

1. Nature / Description of the business
2. Choice of business
3. Target customer
4. Location of business
5. Competitors - SWOT analysis
6. Source of fund
7. Budget
8. Break-even
9. Pay-back point
10. Legal matter
11. Conclusion.

Competitor -SWOT analysis helps you to do a proper planning in your line of business.

Source of fund helps you know in advance who and who you will be expecting to fund the business example family members, church, bank, school etc. If you don't have this in mind, your business might suffer in the shortest time after starting it up.

Break-even helps you to know how long you will need to run the business after startup before you finally start making real profit from the business. You will need to have this in mind as there is usually little or no profit at the beginning of a business. The profit starts as you progress in the business.

Pay-back point is the point at which you start making profit from the sale of your goods and services example if you make a gross profit of $400 and a net profit of $200 in a month, your pay-back point becomes $200 for the month.

Conclusion is where you summarize your document and convince you prospective customer why the business is viable and why they should work with you.

If you need more clarity on the contents of a business proposal, comment below and i will put you through.