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How to Write a Business Plan Funding Proposal

You have a great idea for starting a new business or expanding your current one. You’ve thought through all the issues and created a roadmap for success. Now all you need is the funding to put your dreams into action. But how are you going to secure that funding? You can’t just stroll into a bank or sit down at a committee meeting and hand them your notes and spreadsheets. You need to write a business proposal to lay out your plans and request the funds.
You’re an entrepreneur, you think, not a writer! You’ve never written more than a business letter and a meeting agenda. Don’t worry. It doesn’t need to be an intimidating process, because there is a basic structure to every business proposal. Here are the four parts, in order: simply 1) introduce yourself; 2) show that you understand your customers/clients and their needs; 3) describe how your goods and services meet those needs and present your expected expenses and profits; and 4) persuade the bank or committee that you have integrity and can be trusted with the money.
You don’t need to start out with blank pages, either. You can speed up the proposal writing process by using pre-designed templates and samples, along with simple automation software.
The length of your proposal will vary depending on the complexity of the project you are proposing and how much funding you require. It is obviously easier to describe an expansion plan and present financial data for an existing business than it will be to describe how you will get a new business up and running. Your proposal might be only ten pages long, or it might need to include dozens of pages.
The secret to creating a successful funding proposal is to show a need or desire on the part of your prospective clients/customers, and then to show how you will meet that need and profit from providing the solution. When requesting funding, you also need to keep in mind the needs of the bank or funding committee. Put yourself in the other party’s shoes. What does your prospective funder need or want? What are their concerns? How have you gathered this information? What sort of information about your business experience and financial know-how will the funding institution want from you before handing you money? Lending institutions and grant committees want to understand your background and your plan to determine if your business is likely to succeed. A bank or investor will also want to see your plan for paying them back.
Start your business plan funding proposal by introducing yourself and the proposal with a Cover Letter and Title Page. Your Cover Letter should be brief: simply explain who you are, include all relevant contact information, and print the letter on your company letterhead. The Title Page should simply introduce your proposal and the specific project you are proposing. Some examples might be “Business Plan for New Panne Bella Italian Bakery,” “Proposed Expansion of Grayle’s Hardware Store,” or “Funding Proposal for New Downtown Art School.”
After the introduction section comes the section where you talk about your clients or customers: the people who want or need your goods or services. Here you will include topics that demonstrate your understanding of the business market. Depending on the complexity of the project you are proposing, you may or may not need to start off with a detailed summary (called an Executive Summary or a Client Summary). In this section, describe the market need that you intend to fill, and provide statistics and data to back up your assertions. You need to impress the proposal readers with your market knowledge. This is not yet the place where you talk about your goods or services. This section is all about proving a need or desire for your business.
After the market-centered section comes the section where you explain how your goods or services will provide solutions to the needs you described. You’ll add pages with titles like Products, Services Provided, Benefits, Price List, Services Cost Summary and so forth—include all the topics you need to describe exactly what you intend to provide and how much it will cost. Depending on the sort of business you are requesting funding for, you may also need to include descriptions of Facilities, Equipment, and Personnel that you need for your proposed project.
At each step in this section, you will need to describe expected expenditures and returns. Depending on whether you are requesting funding for an existing business or asking for money to launch a new enterprise, you will need to prove your case by including pages with titles like Funding Request, Income Projection, Breakeven Analysis, Project Budget, Annual Budget, Cost Management, Cash Flow Analysis, and Return on Investment. Also make sure to include a …

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How to Make Money Online: A Virtual Assistant Business Plan Is Important to Your Success

A virtual assistant business plan can help you determine the direction that will give you the best possible chance of success. Virtual assistants are independent contractors who perform a variety of tasks and services remotely. If you work as an assistant, writing a business plan will help you define your objectives and assist you in keeping your daily tasks well managed.
Benefits of a Business Plan
If you want to effectively promote your services and achieve your career goals, then you need a plan for your online business. A virtual assistant business plan can help you establish priorities and find new job opportunities. It should also give you a clear picture of your goals, competition, budget, services, and targeted audience.
Writing a plan for your business is a great way to increase your self confidence and organize your ideas. A business plan shows you where you need help and guides you into the direction you want your business to go into. It also outlines your vision for the future of your business and enables you to identify problems early on and take appropriate action. By creating a plan, you will be able to look at your business ideas objectively and persuade others to invest time and money in your services.
How to Write a Business Plan
The Internet is an excellent resource for finding a business plan template. A standard plan should include the following sections:
• Summary
• Company description
• Services
• Objectives
• Strategy and implementation
• Market analysis
• Financial analysis
It should answer four simple questions:
• Why does your business exist?
• What are your goals on long term?
• How will you get there?
• How much will it cost to achieve your goals?
Your objectives should be measurable and realistic. The plan you write should have a logical structure and present a well thought out idea. You also need to identify your potential customers and show how they will benefit from using your services. A plan that covers all aspects of your business will help you advertise your skills more effectively and find new clients who are interested in what you have to offer.
There is no single formula for creating a business plan. Make sure you understand what makes your business unique and then search for ways to achieve your goals. Your plan should outline potential opportunities for your business and help you implement your sales strategy. Identifying your objectives will make you a better assistant and help you grow your online business.…

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How To Choose The Right Internet Based Business!

“CLICK HERE AND LEARN HOW TO MAKE $2000 NEXT WEEK” As liberating as this sounds, most people don’t make money that quickly online in a week. I, like most, would love to strike it rich on the internet this week. Home business scam artists make online income sound so easy. Unfortunately, after I read through their testimonials and ad jargon (for what seems like hours) they finally get to the punchline – cost. And, WOW, it is not cheap to make money online (according to them) and how do I know if they are advertising an honest work at home business?
When “Web Guru X” gets me all buttered up for my new yacht purchase, he then throws the cost out there and that is when the bubble bursts. Usually, though, the dream doesn’t die only because of the cost, it dies for multiple reasons:
* Usually, these ‘too good to be true’ online business offers don’t really tell you how you are going to make money. I realize the ‘experts’ don’t want to let their secret out, but you have to at least let me know what I’ll be doing.
* Some say they will send you their secrets for “FREE,” just pay for shipping. I tried that and the packet didn’t include anything more than additional testimonials and a $39.95 fee to be paid if I kept the packet after 15 days. No new information. FREE trials are good, just make sure they are honest home business trials, not just more of the same hype.
* They tell you that you don’t need to have any particular skill sets to do what they do. Well, you do need to know some stuff. When I receive a lot of ‘how to’ guides, I need a ‘how to’ guide to understand what they are talking about. Very few online programs make it easy.
Don’t feel like starting an online business, or making money online, is impossible though. There are honest, true, respectable people out there. If you want to make money online follow these steps:
* Make sure that whatever instructional offer you decide to try has a money back guarantee. You should be able to see if the business interests you before you lose money learning about it.
* Search the internet for information about the person, or guru’s, that are offering to teach you how they make money online. Don’t read just one critique, read a few. While one person didn’t like a program, you may find 10 more that loved it and made big money.
* Go and check out forums, or blogs, that talk about home based businesses. See what people like you are talking about when it comes to making money online. A lot of candid conversation about different products is available 24/7 for free.
Remember, Be Inspired To Change Your Life. There are so many reasons to work from home and so few reasons to stay at a dead end job. There are tons of reasons to look towards the internet for income instead of sending in your 100th resume that doesn’t get responded to. And, if you love your day job, why not make a little extra money from home for a rainy day fund, family vacation, or a nicer retirement cushion.…

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Why Surety Bonds Create Trust And Confidence

Surety bonds have a long history, and it believes the bond was used in Mesopotamia. A business or person should understand the ramifications of use surety bond before deciding to utilize the bond. There are few benefits offered by using the surety bond, but it will only be beneficial if the correct bonds are used for the correct situation. A business or individual will be able to obtain a surety bond from agency licenses to issue surety bonds. The product of the requirements and licenses agencies must meet to issue surety bonds will vary from state to state.

Understanding The Three Parties Involved For Surety Bonds

The principal, oblige, and surety are the three parties needed for a surety bond. The principal has a requirement of providing the bond. An example of the principal would be the person applying for a permit or license. The oblige is the party with the requirement for a bond. By having the bond, the oblige is providing itself protection. An example of oblige would be the owner of a project that would require a bond. The surety is the insurance company, and if a claim has to be paid by the insurance company or surety, the surety would be reimbursed by the principal. Any surety bonds scottsdale az will beneficial to all parties involved. A surety bond is an insurance product, but it is underwritten like a loan. A surety can be considered a professional cosigner that acts as a guarantee for the performance by the principal.

Benefits of Using A Surety Bond

Many businesses and individuals use surety bonds to obtain a variety of benefits such as:

  • Important to customer relations
  • Provides protection to stakeholders
  • A good defense against false Claims
  • Coverage after a job Is completed

The use of the surety bonds will provide an advantage of improving customer relations. It provides confidence that a company is financially stable because a third party guarantees financial stability. It helps anyone involved by having a surety bond because it ensures the parties will be paid for their services rendered. An example would be a supplier of concrete for a construction project would have some confidence they would receive payment when a surety bond would be used. The surety bond is a good defense for companies who may make a false claim. When signing the surety bond, all parties involved are aware of their responsibilities, scheduling, payment structure, or anything else because it is clearly stated and by signing it acts as an agreement. There is a clear understanding of expectations and protection is created for false claims that may arise later. The surety bond does not in upon completion of the building phase of the project. If the project requires maintenance, the surety bond may be in effect for up to a year. It helps in case there may be problems that arise during the maintenance phase and repairs have to be made. The surety bond provides confidence and helps builds trust. In some cases, it may help a business offer more affordable rates because clients have more confidence and trust created by the use of the surety bond.