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5 Common Business Uses For Electronic Spreadsheets

Business Proposal Common Uses For Electronic Spreadsheets Identify 5

By Gregory Daigle at January 30 2020 06:03:43

They lead to entrepreneurs skimming over the research component leading to a proposal that is disjointed and fails to make a cohesive business case. Having a sample business proposal as a guide detracts from the entrepreneur engaging fully in the business planning process in that they will have only a cursory understanding of the finer details of their proposal. It will not prepare the entrepreneur for detailed questioning around their business strategy and by association their financial projections. We have seen this all too often in presentations for equity finance. It is glaringly obvious when someone does not understand the proposal intimately and this devastates credibility and trust, virtually nullifying your chances of convincing an investor to part with their cash.

The introduction should include a Cover Letter and a Title Page. In the Cover Letter, deliver a personal introduction, provide your company contact information, and include a call to action_a request for whatever you want the reader to do next. The Title Page is pretty obvious. It's a page that introduces your proposal and highlights the project or services you are pitching. Some examples might be "New Shoreline Youth Soccer League Program," "Improving Employee Performance with an In_House Exercise Center," "Opening a Yoga for Life Franchise," or "Aquatic Sports Partnership with Seashore Hotels."

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The next section of the proposal focuses on the details of the services or project you are proposing. Describe the goods and services you are offering, how a project will be built and managed, the costs and benefits, and so on. If you are pitching your health club or gym services, include topics such as Services Provided, Services Cost Summary, Options, Packages, Classes, Facilities, Equipment and so on. If you are asking for funding or support for a youth sports program, you'll want topics such as Funding Request, Use of Funds, Facilities, Equipment, Programs and Activities, Approach, Coaching, Training Plan, and so on.

The truth is that it is not rocket science. Even a working knowledge of the key focal points will improve your finished product greatly. Writing a business proposal is a logical process which can't be done is 8 hours or completed in 1 day, at least not if you hope to truly understand it and communicate it effectively to external parties. In actual fact writing a business proposal is a very rewarding experience and if you are serious about starting a business and attracting funding into that business there will be associated pressure to perform well. Going through the business planning process will train you to be a more pro active and strategic business person and will ultimately improve your chances of making your vision a reality by analysing your business properly and consistently.

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