Communications - Chapter 13 Flashcards
What are components in a formal proposals?
- Introduction
- Background, Problems, Purpose
- Schedule
- Staffing
- Budget
- Authorization
What components are optional in informal proposal, but generally appear in formal proposal?
- Copy of RFP
- Letter of transmittal
- Abstract or Summary
- Title Page
- Table of contents
- List of figures
- Appendix
What is in the introduction of a proposal?
- Explain why the proposal is being made.
- Develop a persuasive “hook,” such as (a) extraordinary results; (b) low costs or speedy results; (c) an exclusive, remarkable resource; (d) a serious problem and a promise of a solution later; or (e) a key issue or benefit that represents the heart of the proposal.
What do you do for unsolicited proposals?
For unsolicited proposals, describe an existing problem.
What do you do for solicited proposals?
For solicited proposals, show that you fully understand the problem and its ramifications.
What is in Proposal, Plan, Schedule?
- Present your plan for solving the problem.
- Describe implementation and evaluation.
- Outline a schedule showing dates.
What is in Staffing?
- Explain the specific credentials and expertise of the key personnel for the project.
- Show how your support staff and resources are superior.
What is in the Budget, Authorization of a proposal?
- Itemize costs carefully.
- Proposals are contracts.
Present a deadline for the bid figures. - Ask for approval, and make it easy to reply.
What in the letter transmittal or executive summary of a business plans?
- Explain your reason for writing.
- Provide contact information for all principals.
- Describe your business concisely.
- Introduce parts of your plan.
- Ask for support.
What is in table of contents?
List topics and page numbers.
How do you describe the company in the business plan?
- Identify business form (proprietorship, partnership, corporation, and so on)
- Specify business type (merchandising, service?)
- For existing businesses, explain founding, growth, sales, and profit.
How do you describe Product or service in a business plan?
- Explain what you are providing and how it will benefit customers.
- Describe why your idea is better than existing products or services.
How do you do a market analysis in a business plan?
- Discuss market characteristics, trends, and projected growth.
- Describe customer behavior, complementary products and services, and barriers to entry.
- Identify your customers and how you will attract, hold, and increase your market share.
- Specify the strengths and weaknesses of competitors.
How do you explain Operations and management in a business plan?
- Explain how you will run your business: location, equipment, personnel, and management.
- Emphasize experienced and well-trained staff and advisors.
How do you do Financial analysis in a business plan?
- Outline a realistic start-up budget.
- Present an operating budget that projects costs.
- Explain how much money you have and will need.