A business plan is a document you would not typically send to your client but to lawyers, insurance providers, banks, suppliers and other stakeholders that would find this relevant for understanding your business and its value.
What is a Business Proposal?
A business proposal describes what you can deliver, time frame, amount, cost and your terms and conditions. This is a document you would use to respond to a specific request from your client, or you would send it to your client or prospect describing what you can deliver, at what price.
When you respond to a specific request, also known as an RFP (request for proposal), you should follow this rule of thumb:
Always reply in their format
Reply specifically to what they are asking about
Describe how you can achieve their goals
Outline the scope of work
Provide a cost estimate
Use a proposal solution to create bid-winning content
There are many different ways to write a business proposal, and many different solutions to write it with. For the best possible outcome in terms of control, cost-efficiency, time savings and security, use an enterprise-grade co-authoring and automation tool.
The proposal solution XaitPorter is used by companies all over the world for this purpose. Here are six key advantages of using XaitPorter to create your business proposals and other high-impact, high-value documents:
Cloud-based: Seamless team collaboration from anywhere, at any time.
One document: Collaboration on the same document – simultaneous editing.
Auto formatting and numbering: No manual formatting or numbering.
Custom layout: Create professional documents in accordance with brand identity guidelines.
Reuse content: Built on a database – enabling easy reuse of content.
Export/publish document: Export to a variety of formats, including PDF and Word.
Tore holds a Technical degree and has a variety of business courses from BI Norwegian Business School. He has previously worked for different oil service companies and IT companies. Tore used to be Norway's biggest self-proclaimed golf talent, and also has a big passion for Ice hockey.
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