A relative from the US is in need of a partner to start a business here in the Phil. He is willing to invest Php 200 000 for the said business. You are a budding entrepreneur engaged in different businesses. He wants to venture a business with you. You are to present a business proposal which includes business name, business location, business products/services, detailed list of materials needed to start the business, the cost of materials and the clientele. And it will be evaluated according to the following criteria: Explanation of the proposal (20%),accuracy of computation and estimation (30%), utilization of resources (20%), appropriateness of the business (30%)Goal : make a presentation containing your business proposalRole: entrepreneurAudience: relative from the USSituation: you should convince your relative that your business is appropriate and profitableProduct/ performance: you will need to prepare a presentation which will provide the necessary information needed in putting up your business.Standards: The presentation must be clear The estimation and computation must be accurate The business is appropriate and profitable
Question
A relative from the US is in need of a partner to start a business here in the Phil. He is willing to invest Php 200 000 for the said business. You are a budding entrepreneur engaged in different businesses. He wants to venture a business with you. You are to present a business proposal which includes business name, business location, business products/services, detailed list of materials needed to start the business, the cost of materials and the clientele. And it will be evaluated according to the following criteria: Explanation of the proposal (20%),accuracy of computation and estimation (30%), utilization of resources (20%), appropriateness of the business (30%)Goal : make a presentation containing your business proposalRole: entrepreneurAudience: relative from the USSituation: you should convince your relative that your business is appropriate and profitableProduct/ performance: you will need to prepare a presentation which will provide the necessary information needed in putting up your business.Standards: The presentation must be clear The estimation and computation must be accurate The business is appropriate and profitable
Solution
Sure, I can help you with that. Here is a step-by-step guide on how to create a business proposal for your relative from the US:
Step 1: Introduction Start by introducing yourself as a budding entrepreneur engaged in different businesses. Mention your experience and expertise in the field.
Step 2: Business Name Propose a catchy and unique business name that reflects the nature of the business you want to start. Make sure it is memorable and easy to pronounce.
Step 3: Business Location Identify a suitable location for the business. Consider factors such as accessibility, target market, competition, and cost. Provide reasons why this location is ideal for the business.
Step 4: Business Products/Services Clearly define the products or services your business will offer. Highlight their uniqueness and how they meet the needs and demands of the target market. Explain how these products/services will generate revenue.
Step 5: Detailed List of Materials Needed Create a comprehensive list of all the materials required to start the business. This includes equipment, inventory, furniture, technology, and any other necessary resources. Be specific and provide details on quantities and costs.
Step 6: Cost of Materials Estimate the cost of each item on the list. Research and compare prices from different suppliers to ensure accuracy. Sum up the total cost of materials needed to start the business.
Step 7: Clientele Identify your target market and describe your potential clientele. Provide demographic information, such as age, gender, income level, and interests. Explain how you plan to attract and retain customers.
Step 8: Explanation of the Proposal Present a detailed explanation of your business proposal. Clearly articulate the goals, objectives, and strategies of the business. Emphasize the potential profitability and growth opportunities.
Step 9: Accuracy of Computation and Estimation Ensure that all calculations and estimations are accurate. Double-check your numbers and provide supporting evidence or references for your estimates.
Step 10: Utilization of Resources Demonstrate how you plan to effectively utilize the resources available to you. Explain how you will optimize efficiency, minimize waste, and maximize productivity.
Step 11: Appropriateness of the Business Highlight why your proposed business is appropriate for the current market conditions and trends. Discuss any competitive advantages or unique selling points that set your business apart.
Step 12: Conclusion Summarize the key points of your business proposal and reiterate why it is a suitable and profitable venture. End with a strong call to action, encouraging your relative to partner with you in this business opportunity.
Remember to create a clear and visually appealing presentation to accompany your proposal. Use charts, graphs, and images to enhance understanding and engagement. Good luck with your business proposal!
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