Question

In: Operations Management

Identify information a person would need to prepare an effective business proposal for American investors.

Identify information a person would need to prepare an effective business proposal for American investors.

Solutions

Expert Solution

In order to prepare an effective business proposal, the following information will be needed=

Audience= This is the fundamental information that has to be collected by the person as it is important to know who are the persons who will read the business proposals, who will take the decision and who are the influencer in the entire process

Planning time line= This will indicate the expected timeline the plan is going to be enacted or covered

Classification of the business= This indicates where the business proposal is made for the service industry, manufacturing industry or the proposed business is the mix of both. This information is important to make the decision on the business proposal.

The proposed scope of the project- it is important to understand the requirement of the clients and finding out their prime concerns and the needs or requirements that want to fulfill

Cost estimation= This is important as in most of cases the cost becomes the critical factor in the approval and rejection of the business proposal. The writer has to be aware of the financial requirements or constraints of the client


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