Financial proposal is a summary of cost or expenses for a project to be presented to a party of interest. It generally contains details of —
- The amount of money you need for the project
- The amount of money that will be used
- How much return can be expected
- What security will be provided
Remember, your financial proposal should be based on your business plan; where you intend to take your business and how you plan to get there. To make a successful proposal, you can adopt the following pro-forma to approach your finance company. Students are also trying to take help in Finance and Capital Budgeting Assignment.
How to write a finance proposal?
Step1. Outline the proposal
When you want finance from a bank, a venture capital firm, a government program or any other source, your financer(s) need a document that contains most of or all of the following:
- Cover page
- Tables of contents
- Summary (about the company)
- Industry overview
- Management structure
- The products and services
- The market
- Financing outline
- Basic information
In addition to it, you have to write one page of summary on your company to draw the reader’s attention. The summary must have the following:
- The profile of the company and what it does
- Its history
- The future plans of the company
- What sources the company needs to reach the targets
Step 2. Detail your proposal
After completing the outline of the proposal, your next step will be to produce a document that will contain the following intelligence:
- The detailed information on how the company was founded
- State the overview of the key management personnel
- Give particulars about the products and services that the company provides
- What is the position of you company in the marketplace
- Explain about the process from production to supply
- The performance of your company in terms of finance
- Specify why the funds are needed
- Basic data (i.e. bank, legal advisors, nature of incorporation, authorized and issued stock)
Step 3. Demonstrate your strengths
The financial proposal must consist of your strengths and the upside. But don’t forget to recognize the risks and downside.
Step 4. Make an approach
When you are confident about your financial services assignment, it is time to reach out to the people who finance businesses. Here are few things you should keep in mind while approaching the financers:
- Try to engage those people who are already aware of your reputation and you know their position as well.
- Get information about the source that you intend to approach.
- Seize more alternatives to make more accurate decision.
- Before you go for an appointment, you can send confidential proposal or one-page summary.
- When you hold a meeting, outline your proposal in brief and then summarize the key points.
- Think about the options of accountant lawyer.
- Evolve your proposal according the reactions from the sources. If you get same comments from several sources, work on that first.
By following these steps, you will definitely gain finance for your project. You just have to be smart and honest with your plans.
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