Making a Project Proposal

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Sometimes you want to work with another company on a project, but you don't know where to start. This may be a joint venture, negotiation the use of an IP, or starting a new business. 

Before you do anything, you need to know what information you can present to support what you want to do, be able to describe what you want, and know the best way to present it. So today we're going to look at making a project proposal. 

The first thing you need to consider is: why should they care? Why should the people you want to talk to care about your proposal? What ares can you help them expand into, or further utilize. Why are you qualified to do this? Don't base this information on just what you've heard, do your research. Nothing will turn a potential partner off quicker then presenting information in your proposal which is based on hersay. 

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Next is: What is your proposal all about? This is not the nitty-gritty of the project, but a general overview. How many people are needed? How many components will there be? How much time is involved in this proposal. This is the real meat of your proposal, so make sure people can understand all the general aspects of it.

Finally: How much will this cost, and/or how much can be made? If you want to work with somebody, but have not researched the cost of doing this kind of business, nobody will take you seriously. Most people will understand that a financial assessment before the project is  started is all estimates, but make sure the estimates are backed up by research. 

Putting it all together

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OK, you've done your research, and have all the information you need to make a proposal. GREAT! Now to pare the info down and fit into a proposal.

When you start writing your proposal, look at your above information, and put each section onto it's own page. The hardest part here is making sure you are not putting in too much info.

How much is too much? Each page should be at MOST, 3/4 full. Generally, proposals are read very quickly, and readers do not want to be reading a wall of text. Leave items in point form to help add in white space. White space is needed to make it easier for our brains to process all the information being presented.

"But I CAN'T cut any more information. Everything here is important top make my point!" A proposal's point is not to provide all the information about a project. The point is to provide enough information to show that you know what your talking about, and wet their appetite for more information. If you put every single aspect of your project, or all the research you've done into your proposal, what need do they have to speak to you? Show your qualified to make it work based on your research, and what you may have already started, but don't hand the project to them.

Finish off the proposal with a simple cover page, and your ready to go. If you would like a template to write your own proposal, feel free to download this one. Just remember to save it as a copy before using it.

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