A business proposal is not a business plan. A business proposal can be a solicited bid or an unsolicited bid that is made to or by your business. There may be times in your small business career when your company will need to be prepared to submit a business proposal for a government contact or larger corporation in order to obtain more business.

Solicited Business Proposal….You company may be approached to provide a solicited business proposal by a government body or corporation. They will be looking to complete a task or fulfill a project that they cannot do on their own. They will ask companies to bid for the project. Each company will place an open bid along with other companies who would also be completing for an interview spot. At the end of the process, the winning candidate will be offered the project.

Unsolicited Business Proposal…Your small business may seek to do business with a larger company or combine efforts to forge a joint venture. This would be especially beneficial if you have been awarded a large contract that will be difficult for you to complete alone.

Whether solicited or unsolicited, you will need to have a good business proposal available to the interested parties.

Please check back on Wednesday for the conclusion to this post.

Preparing Your Small Business Proposal Part II Of II »

This entry was posted on Monday, March 31st, 2008 at 11:07 pm and is filed under Small Business General Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.