A strong business proposal is a top opportunity to win new business. Specialty businesses such as event planners, party planners and wedding planners typically have to incorporate catering services as just one component of a larger proposal and will deal with additional topics such as the Venue, Performers, Products, Logistics, Packages and so on.
Then each of four panelists—who are venture capitalists, bankers, marketing specialists, successful entrepreneurs, MIT professors, or other experts—spends five to ten minutes assessing the strengths and weaknesses of the plan and the enterprise and suggesting improvements.
Adding these documents are of immense benefit to owners, as they provide security for future discussions with lending entities, while also providing the business plan with integral information, rendering it complete, polished, and professional in scope.
Then, as you prepare your proposal – business to business, include an answer to all the questions and objections that may come up. Be sure to make a good offense in your proposal – it will certainly avoid you having the difficult task of defending your business proposal as it’s making its way through the corporate hierarchy.
Taking the time to put together a well thought out restaurant business plan is not something many wannabe restaurant operators do. The process might be a bit difficult and time consuming, but without a proper restaurant business plan, no investor will give you the funding to open your restaurant and even if they do you’ll already be off to a rough start without the right mindset.