Project Management: How to Write a Financial Proposal | MoneyStrands

A financial proposal is a written report that details the future of a business’s economy by addressing its monetary needs and budget.

If you’re an existing business, this could be changes to your budget or funding for a new project or venture. If you’re a new business, this could be setting your budget or trying to acquire money to start up.

From these points alone, you can begin to understand the importance of financial proposals and why it’s important to get them right.

Today, we’re going to explore seven key points to remember when writing your proposal, ensuring the financial well-being of your business.


7 Key Points to Write a Successful Financial Proposal



1. Start with an Overview


The first thing you need to start off with is a professional overview of your company.

This is designed to sum up your business and outline the ideas in which the budget is going to be spent. This can give anybody who’s reading the proposal a sense of what it’s about and what you’re aiming to achieve.

Within this section, you should be thinking about the solutions to problems you have and a list of goals you can aim to achieve with the budget that you’ll have.


2. Identify the Key Players


Next, you’ll need to move on to a list of people who are going to be involved in this new financial venture.

This could include anyone from:

  • managers of the business
  • heads of accounting
  • relevant shareholders
  • people of interest

“You’ll be created this list because it’s clear who is going to be involved in the financial changes, and so you can remember to work with these people during the creation process” – explains Dan Burnette, a Financial writer at Essayroo.


3. Aim to Succeed


You can then move onto the next section which is identifying the problems or goals that your business has set to address while designing solutions and plans of action for them.

For example, you may be aiming to cut your liabilities, perhaps cutting down on bank loans or working on salaries.

You could think about trying to increase sales or reducing company expenditure.



4. Set a Timeframe


Once you’ve identified and planned for your intentions, you’ll then want to think about the timeframe which your company will have to achieve these goals.

Try to set this timeframe as realistically as possible.

Don’t give yourself so long that change won’t be recordable, you want positive change to happen, but don’t set it too short that everything is rushed and isn’t completed properly.


5. Tidying Up Your Proposal


Once everything is in place and completed, you’ll want to go through it all to make sure that your proposal is the highest quality possible. This means no spelling mistakes, no typos and perfect grammar.

For this process, you can always use some readily available online tools to help:

  • Grammarix and State of Writing – Use these online guides to help you format your proposal professionally and for writing tips.
  • Ukwritings – An online editing tool to ensure your content reads well and is properly structured.
  • Via Writing and Academadvisor – These are two blogs full of proofreading guides to help you find errors in your proposal.
  • Boomessays – As recommended by the HuffingtonPost, this is an outline and headline generation tools to help improve the structure of your proposal.
  • Easy Word Count and Cite It In – Use these free online tools to count the word count of your proposal to keep it concise, and for adding professional references to your text.
  • Paper Fellows and Academized – Two online proofreading services that can proofread your content on your behalf.


6. Create Your Budget


Now that you’ve got everything we’ve spoken about above in place, you can then start working on an actual figure for your budget.

If you’re planning on starting a new project, you might be starting off with a lump sum to invest in it.

On the other hand, you might want to invest smaller amounts on a monthly basis.


7. Creating a Summary


Once you’ve completed your financial proposal, you can then summarise everything on its own separate page.

Joyce Gambill, a Project Manager at Assignment help comments:

“This is because the summary will go at the front of the report, so the reader can quickly refer to all the facts and figures they need at a glance, and then being able to look inside to find more information. This part of the document should never be longer than a page.”


A Final Word


As you can see, writing a financial proposal for your business doesn’t have to be the challenging and slightly overwhelming task that it may originally seem.

By making sure that you include all the details mentioned above and ensure you finish off your proposal to the best professional standard possible.





Gloria Kopp is a communication manager and a financial writer at Bigassignments. She is the author of Studydemic writing blog for business students, and is a guest writer at The Tab and Australian help magazines.




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