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Overcoming The Challenges Of Writing A Good Business Proposal

A business proposal is a formal suggestion or plan from one party to another to buy, sell, partner with another or supply goods and services to them. A business proposal means many things ranging from a partnership proposal, marketing proposal or even a request that mainly involves cooperative actions of many people to make it a reality. A business plan and a proposal mean two very different things. The main difference between the two terms is that; a business plan acts as a guide towards the establishment of a business idea while on the other hand, a proposal is that document that aims at luring another person to join hands with you in order to make sure that the established idea is executed. A business plan focuses more on the business itself whilst a business proposal focuses more on the expectations of the party to whom the proposal is being addressed. I would like to refer to this party as “the customer”. One should be able to clearly understand the following points if they want to develop an effective and efficient business proposal.

1. Clearly Identify and Itemize the Proposals objective: …