To turn your idea into a successful business, it’s essential to develop a plan that allows you to foresee how your idea or product will shake out in the competitive market. It can happen with the help of a business venture proposal. A proposal is a formal document that enables you to give an offer or presentation to the client. By using it, you can provide a unique idea or solution to the client’s problem. Writing a business venture proposal is a daunting task. It requires the contractor to conduct market research, analysis of the current situation, condition of competitors, problem statement, and cost of everything.
You should prepare a business venture proposal to make it as convincing as possible. A convincing proposal will attract investors to your idea or product. Not only make an argument while giving a presentation, but you should also make your proposal captivating, compelling, and attractive to grab the attention of the reader. A proposal enables the contractors to propose tactics and strategies to show the client, how he can solve the problem efficiently. It helps you to get your ideas on the ground. With the help of it, you can streamline your business idea in a well-organized manner so that anyone can clearly understand it.
Creating a business venture proposal is not an easy task for a beginner. Instead of starting from a blank document, you should use a template. A template will save a lot of your time and will not make you overwhelmed. Because in it, you just have to put the details and your document will be ready in no time. Now the thing is to choose the right template as per your need. For creating ease, we have posted 10 free and customizable business venture proposal templates below that will save you time and money searching for a template online.
Free Business Venture Proposal Templates:
Download these 10+ Free Business Venture Proposal Templates in MS Word format.
Guidelines to Create a Perfect Business Venture Proposal:
Creating a business venture proposal can make you feel overwhelmed. Especially, if you have never created one. But don’t worry to make it easy for you, we have written some guidelines below that will assist you to create a perfect business venture proposal. You must consider them while creating a proposal.
Determine Proposal Requirements:
The first thing to know is what you should include in it. You should keep in mind that the request for a proposal is sent by government agencies, universities, and private corporations to hire a contractor for a project, develop a business, or complete a project.
If you are creating a business proposal for a specific client then you should include the sections such as timeline, price, and proposed solution according to the quality described by the client. In this way, you will be able to create an accurate proposal for the client.
Gather Essential Information:
Gathering essential information for your proposal is complex. For instance, some clients may want to see the price and the proposed solution but on the other hand, some may want to know about yourself, the background and history of your company, and the projects that you have completed previously to know your experience and expertise. After getting all the information, it is easy to put everything in one place in a sequence.
Design your Proposed Solution:
Present your product or idea as the solution to the client’s problem. Convince the client by explaining to him what you have for him and how it will solve the whole problem. Provide him with the reasons why he should choose you. Make him believe that you have the best solution that he cannot find in the market.
Your solution should include the materials, processes, product, timeline, quality, and cost. Create an offer that the client can’t get from anywhere else. The steps will be easy for a business that just provides equipment to an organization. But if you have to do it for service-based businesses such as consultants or content development services then there will be severe steps that you will take and have more deliverables.
You can use the five W’s and an H methodology to make a proposed solution:
- Who: Who will be involved as a point of contact?
- What: What solution will be provided to the client?
- Where: Where the work will be done?
- When: When the project will start and be completed? What are the key milestones and when are the deliverables will be expected to take place?
- Why: Why do you choose a particular solution for the client?
- How: How the work will be done for the satisfaction of the client?
Cost:
Once you have the information about the raw material, resources, timeline, objectives, and deliverables then you can easily calculate the estimated cost of the project. It’s a critical process to provide an estimate of the cost because the prices can go high at any time. So you should take care of that and have quotes from the market about the raw material that you will use. In this way, you can provide an idea of the budget that the client will provide for the completion of the work. You can charge a rate per hour or unit or a combination to the client. Sometimes it’s best to use the percentage to make a good profit.
Conclusion, Terms, and Appendix:
This section should include information that could be beneficial for the client. A conclusion should show your gratitude. You should add the terms and conditions to cover all the legal aspects. It should also include the rules for hiring a subcontractor or a third party to perform any kind of task in the future if you fail to perform it with your team. The appendix is an optional thing that you can use to support your proposal with additional documents.
Edit your Proposal:
You should proofread your proposal to find any type of grammatical or writing mistakes. If you find some, then edit your proposal and correct these mistakes.
