• A proposal is an important document that ploughs the initial relationship between the organization and customers. The proposal frames the extensive information in a way that can achieve the goal to write this proposal. It is helpful to eliminate the stones by including the information.
• It can be defined as “A proposal is a document that is prepared for a prospective customer to persuade the prospect to adopt the solution to a problem or the fulfillment of a need in the proposal. Proposals are written for both private and public sector organizations.”
• There is a difference between a proposal and writing a proposal. A proposal is an informative and important document having many types while writing a proposal is a thinking and persuasive process having many steps.
• A proposal plans for work justifies the claims and provides information to the readers. It solves the problem, decreases the duplication, and also minimizes the risk.
• Mainly, three types of business proposals are there like Formally Solicited Business Proposal, Informally Solicited Business Proposal, and Unsolicited Solicited Business Proposal. Business is of Request for Quotation (RFQ), Request for Proposal (RFP), Invitation for Bid (IFB), and Request for Information (RFI).
• Executive Summary, Company’s Description for Targeting Audience, Marketing and Sales Analysis, Competitive Analysis, Management Team Description, Financial Plan, Prospects and Procurement of Business, Request for Funding, Projection of Financial Assistance are the main elements which are included in the business proposal.
• To start writing a proposal, it is important to think about the area of the problem, topic, gathering information, etc. first and then start writing. Remember that the writer of the proposal should follow the format according to his needs. Basically, title, abstract, introduction, state the problem, solution of the problem, cost, qualification of the project is included in a format of business proposal and ends with a conclusion.
• Things to remember at the time writing a proposal: The project and the proposal should be thoughtful, reflective, meaningful, and well-defined connecting with project future plans.
• Checklist after writing the proposal is followed by the writer of the proposal like an assurance for the conciseness, correctness grammatically, budget, accuracy of totaling, etc.
• A project proposal is exactly a proposal which is helpful to convince the audience. It is a document prepared and takes the approval of the sponsor before commencing the project. Many types of proposals like development project student project research project business project proposal are there. It is meaningful and most important to identify the appropriate format of proposal.