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What Makes a Good Business Proposal

Business is really competitive nowadays, so it is important to write an excellent business proposal so you can expand, encourage investors to venture in your business, and become successful. When writing a good business proposal, it is important to be honest and detailed as much as possible, though it may be tricky at times. Whenever you receive a business opportunity, there is a feeling of great pressure, wanting to get your business proposal sent as soon as possible. While it is true that you need to submit your proposal sooner than later, you need to take time learning about the project and the client for you to create an excellent business proposal that has a high chance of being accepted.

According to experts, you can send a business proposal after your first meeting to add a personal note. It is also important to set a time visiting business offices and locations so you can assess the project accurately. It is essential to have the right balance and timing to avoid sending a business proposal prematurely, most especially if you cannot accurately estimate the costs. Take a moment to analyze and reflect on the project before you even start to type your business proposal. Who will do the job? Who does the customer call for concerns or inquiries? What are the things you are required to do? Where will the work takes place? When will you start the work? How will the job be done? Why should a client choose you? All these information will help you with your proposal. You need to know the project cost and how much you’ll charge the client by using a formula to estimate the labor costs by taking a mental walk-through and then writing down a realistic number of hours for each task. The different sections of a business proposal are the introduction, executive summary, table of contents, body, conclusion, and appendix. The introduction includes the mission and vision of your company, a brief story of your brand, and highlighting your accomplishments, credentials, and awards.

One of the most important parts of your business proposal is the executive summary, where you present the case why you’re the right company for the project. Table of content is ideal for longer business proposal, listing each section and subsection with the corresponding page number. The specifics of your business proposal is presented to the body. When it comes to business proposals, Bidrik is your ultimate partner for templates and proposals. With Bidrik, you can have winning business proposals and get the project that you long dream. Allow us to help you create your own business proposal by visiting our website or homepage now, and get the winning “yes” from your clients and customers.

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