How to Write a Business Plan Proposal

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When writing a business plan proposal, summarize the general purpose of the company, map out the objectives and goals, and outline projections for the future. Write a business plan proposal to get a loan with help from a management teacher in this free video on business.

Part of the Video Series: Running a Business
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Video Transcript

Hi, my name is Mark, and we're going to look at how to put together a business proposal, or a plan for business proposal. Business proposal fundamentally summarizes the rationale, the reason why somebody wants to do something, whether it means that you need to write a plan to get a loan, or to get into business with someone specifically, or you have a general idea that you want to articulate, you need to list down a series of steps that will take you from A to Z. This is important, not only for the greater objective, but it's good for you as a discipline, so that you know exactly what you're doing and how you're doing it, how you're going about doing it. In a business plan you require the key objective: what is it you're going to do, how you're going to do it, where you're going to do it, what's so specially unique about it. Once you have those key issues listed, then you have to think: how do I start this? Well, piece of paper and a pen, or a computer, and you should get onto a Word document and write down your ideas, and then you need to articulate them into a series of how: how am I going to do this? Where am I going to do this? Am I going to do this at home? Or do I need an office? Or do I need to be on the road for this? What is it specifically that I'm going to do? And, what is different about how I'm going to do it, how am I going to stand out, in terms of my competitors? Are there any competitors? What am I doing? Is it a really viable business? Or is it a business that is just specifically to, orientated towards one customer? You need to think about all of these things and write them down, and then think about how, once this is taking shape, you can move it forward. In other words, how you can incorporate this into a real, legitimate operating, functioning organization.

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