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Winning Elements of Business Proposals
From Darrell Zahorsky,Your Guide to Small Business Information.FREE Newsletter. Sign Up Now!
There may be times in your small business life when your company will have to submit a business proposal to gain business from a larger corporation or government contact.
What is A Business Proposal?
Unlike a business plan, which is written to run your company and raise capital, a business proposal is an unsolicited or solicited bid for business. There are two types of business proposal that can help you gain more business to grow your company.
Solicited Business Proposal: A corporation or government body is seeking a business to fulfill a project or complete a task and thereby, allows companies to bid for the project. An open bid is placed on the market with other companies competing for an interview spot. The winning candidate is offered the project.
Unsolicited Business Proposal: At some point, your small business may want to do business with a larger company or forge a joint venture.