What is a business plan?

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Invited bid
An invited bid is sent in response to an advertisement from a potential customer. A good example is when government agencies invite contractors to bid for a particular service.

Alternatively, businesses can request quotes from a group of suppliers they would like to consider as potential customers.

Uninvited bids
Unsolicited offers are presented to potential customers even if they have not requested them. In either case, the company must develop a compelling offer that will convince buyers.

Proposals are limited to a specific need or project scope and are written for specific audiences.

The main reason businesses write proposals is to solicit or grow company nigeria whatsapp number database opportunities. You can think of a proposal as an external document to present or sell the company to external players.

It shows what the business is all about and how it plans to accomplish a particular project or use this opportunity to generate revenue for both parties.

A business plan is a factual description of a company at the operational and administrative levels. It is a written presentation of a company's grand vision.

The document is usually tactical; it will state where and when you want to start a project. Furthermore, it will highlight when you want to move on to the next phase of the project and how you will complete it.