Tips on Business proposals

There are two types of business proposals. They are
-  Solicited business proposals
-  Unsolicited business proposals.
 
The secret involved in business proposals are :
1. Problem Statement
2. Proposed Statement
3. Pricing Information

You must explain clearly that why your prospective client will have to buy from you instead from any one of your competitor!.

Just make sure your business proposals includes the following terms :
Objective, the goals, the solutions ( the services you provide).

In prior, let your prospective client know about the cost and labor, capital investment, return of investment and risk involved in the business to avoid conflicts.

Ways of funding a business

No more shock!!! One of the biggest challenges  is finding the funds necessary to launch – and eventually grow – their businesses for entrepreneurs and small business owners.

Follow the five ways to raise funds:

1.Bootstrapping - Usage of own money from a savings account or careful use of personal credit cards.

2.Friends and Family - If you are not having saving account or personal saving money then obviously the next way is to arrange the funds from our friends and family.

3.Crowdfunding - It is one of the important way to raise funds which is followed by many startups and SMEs.

How to get funding for business - Business ideas.

Many entrepreneurs use “bootstrapping” method when they start first.

Bootstrapping method - Financing your company by scraping together any personal funds you can find.

You should have a business plan at the ready before you ask your friends and family for money. You have to explain them about your business plan since everyone will look to get the money they put into the business.

When you are going to start business without funding, you should remember the following,

1.Keep your present job.
2.Work on your business ideas.
3.Analyze your market and challenges.
4.Assess your capital needs
5.Explore crowdfunding platforms
6.Network with people.
7.Run a trail
8.Gather feedback
9.Secure a small business loan if neccessary.


 

Financial services relationship

The economic services provided by the finance industry are known as financial services. Financial services includes commercial banking services, Investment banking services, foreign exchange services, investment services and many other services.

Every business is based on money to run and expand.

Usually standard bank financing offers the best interest rates. Finding a business funding is not difficult if the borrower is creative and realistic. But if it is approached in disorganized way then the way to success is limited. Borrower must have a proper plan how much money he is going to lend and how much he is going to spend for the business.

 So the simple ways to raise the funds for startups is

1.Make use of the available government programs that offer startup capital
2.Get business loans from microfinance providers.
3.Get bank loans.
4.Raise money by winning contests.
5.Get funds from Incubator and accelerator.
6.Make use of venture capital for the business.
7.Make use of crowd funding.

SHS Advsiory Group - Always go with business professionals.

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When you decide to invest, then it is important to allocate some time to learn "how to invest".

                                 " Each day a penny gives you a plenty at one day"

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The only reason behind investment is to get profits i.e., they expect high rate of return. For example if you invest Rs.2 lakh, then you expect 2.5L after one year where 50k is your profit.

You can choose any type of investment since many choices of investment modes(Stocks, Bonds, Cash, Mutual funds and Exchange traded funds) are available.

While investing in Stocks, you can expect high return and it tends to be volatile than anyother investment.
Investment in Bonds is said to be as Fixed - Income investments. It is designed in  manner to achieve steady stream of income.
Investment in cash includes physical cash, CD's, money market accounts, saving accounts and current accounts.
ETFs pool money from many investor and then invest it in all other investments.

You have to understand the difference between investing and speculating before investing in individual stocks.

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