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5 Steps to Writing an Award Winning Business Proposal

5 Steps to Writing an Award Winning Business Proposal

Write the Business Proposal By Yourself

I can’t believe I have paid a company to write my business proposal for me. Truth be told, a business plan is very personal. How can somebody else recognize the vision and passion you have as an entrepreneur and write a business plan that is up to your expectations? If you don’t have time to research and develop your own business plan, it doesn’t have the potential to build a successful business. A business proposal includes writing your own financial projections as well. If there’s a change in the projected cost, you should know how to update it in order to see how your projections auto-populate to affect the bottom line. No doubt, it’s a rigid learning curve, and you have to stay patient. This will eventually build up your confidence while presenting your plan to potential investors and stakeholders. The first step to becoming the master of your start up’s success is mastering your business proposal.

Work On Your Business Proposal (Almost) Every Day

It’s significant that you work on your business proposal almost every day. As far as I am concerned, I assigned two hours every weekday, and six hours on the weekends to researching and writing my plan. The physics of inertia will work in your favor if you touch your plan daily. What is inertia? It’s the phenomenon that refers to the concept that objects in motion will stay in motion and objects in a resting state are harder to get going again. If you put your plan down for too long inertia will work against you.

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Don’t Agonize: Your Business Proposal Will Be Wrong Before You Even Start Writing It

When you start writing your plan, don’t put so much pressure on yourself to be 100 percent right about every minor detail. Avoid moving back and forth, worrying about future projections. Rather, you need to make sure that you have sufficient start-up capital to cover you for the first 1 to 2 years of operations. Pay attention to building a strong relationship with your customers and a quality product that makes them come back for more.

Fall in Love With Your Product & Industry

Falling in love with your product is really important. As we all know, loving something means you want to know everything about it. You become serene and investigative with it.  It’s like you have a crush on your product and you’re stalking your product category online. You’ll follow your competitors and industry leaders on social media sites such as Facebook, Instagram, Twitter to stay abreast of the latest trends and modifications within your industry. You may also gain knowledge of price points, where competitors manufacture their products, how are they advertised, and how you steal customers from your competitors. What will you do that draws customers towards your product? To build an award-winning business proposal, you need such level of dedication.

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Network

Stay evident within the community of the business plan competition. For this, you need to introduce yourself and your company to the facilitators. Get involved and ask questions. Before submitting your business proposal pdf, the contest community should know who you are and about your business idea.

In the end, you need to carefully review the proposal to confirm it completely fulfills the requirements specified in the RFP. Just make sure that the information is arranged logically, meaning that it fully addresses each of the decision maker’s concerns. Lastly, proofread the proposal to grasp spelling and grammatical mistakes.

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Don’t let careless mistakes or sloppy writing ruin a proposal; many contracts are awarded solely on the quality of the proposal.

Featured photo credit: 5 Steps to Writing an Award Winning Business Proposal via lifehack.org

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Published on November 12, 2020

5 Signs You Work in a Toxic Environment (And What To Do)

5 Signs You Work in a Toxic Environment (And What To Do)

What’s the most draining, miserable job you’ve ever had? Maybe you had a supervisor with unrealistic demands about your work output and schedule. Or perhaps, you worked under a bullying boss who frequently lost his temper with you and your colleagues, creating a toxic work environment.

Chances are, though, your terrible job experience was more all-encompassing than a negative experience with just one person. That’s because, in general, toxicity at work breeds an entire culture. Research shows abusive behavior by leaders can and often quickly spread through an entire organization.[1]

Unfortunately, working in a toxic environment doesn’t just make it miserable to show up to the office (or a Zoom meeting). This type of culture can have lasting negative effects, taking a toll on mental and physical health and even affecting workers’ personal lives and relationships.[2]

While it’s often all-encompassing, toxic culture isn’t always as blatant or clear-cut as abuse. Some of the evidence is more subtle—but it still warrants concern and action.

Have a feeling that your workplace is a toxic environment? Here are 5 surefire signs to look for.

1. People Often Say (or Imply) “That’s Not My Job”

When I first launched my company, I had a very small team. And back then, we all wore a lot of hats, simply because we had to. My colleagues and I worked tirelessly together to build, troubleshoot, and market our product, and nobody complained (at least most of the time).

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Because we were all in it together, with the same shared vision in mind, cooperation mattered so much more than job titles. Unfortunately, it’s not always that way.

In some workplaces, people adhere to their job descriptions to a fault:

  • Need help with an accounting problem? Sorry, that’s not my job.
  • Oh, you spilled your coffee in the break room? Too bad, I’m working.
  • Can’t figure out the new software? Ask IT.

While everyone has their own skillset—and time is often at a premium—cooperation is important in any workplace. An “it’s not my job” attitude is a sign of a toxic environment because it’s inherently selfish. It implies “I only care about me and what I have to get done” and that people aren’t concerned about the collective good or overall vision.[3] That type of perspective is not only bound to drain individual relationships; it also drains overall morale and productivity.

2. There’s a Lack of Diversity

Diversity is a vital part of a healthy work environment. We need the opinions and ideas of people who don’t see the world like us to move ahead. So, when leaders don’t prioritize diversity—or worse, they actively avoid it—I’m always suspicious about their character and values.

Limiting your workforce to one type of person is bound to prevent organizations from growing healthily. But even if your work environment is diverse in general, the management might prevent diverse individuals from rising to leadership positions, which only misses the point of having a diverse work environment in the first place.

Look around you. Who’s in leadership at your company? Who gets promotions and rewards most often? If the same type of people gets ahead while other individuals consistently get left behind, you might be working in a toxic environment.

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However it manifests in your workplace, keep in mind that a lack of diversity is a tell-tale sign that “bias is rampant and the wrong things are valued.”[4]

3. Feedback Isn’t Allowed

Just as individual growth hinges on being open to criticism, an organization’s well-being depends on workers’ ability to air their concerns and ideas. If management actively stifles feedback from employees, you’re probably working in a toxic environment.

But that definitely doesn’t mean nobody will air their feelings. One of the telltale signs of toxic leadership is when employees vent on the sidelines, out of management’s earshot. When I worked in a toxic environment, coworkers would often complain about higher-ups and company policies during work in private chats or after work hours.

It’s normal to get frustrated at work. That’s just a part of having a job. What isn’t normal is when dissent isn’t a part of or discouraged in the workplace. A workplace culture that suppresses constructive feedback will not be successful in the long run. It’s a sign that leadership isn’t open to new ideas, and that they’re more concerned about their own well-being than the health of the organization as a whole.

4. Quantifiable Measures Take Priority

Sales numbers, timelines, bottom lines—these metrics are, of course, important signs of how things are going in any business. But great leaders know that true success isn’t always measurable or quantifiable. More meaningful factors like workplace satisfaction, teamwork, and personal growth all contribute to and sustain these metrics.

Numbers don’t always tell the whole story, and they shouldn’t be the only concern. Measure-taking should always take a backseat to meaning-making—working together to contribute to a vision that improves people’s lives. If your workplace zones in on quantifiable measures of success, it’s probably not prioritizing what truly matters. And it’s probably also instilling a fear of failure among employees, which paralyzes employees instead of motivating them.

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5. The Policies and Rules Are Inconsistent

Every organization has its own set of unique policies and procedures. But often, unhealthy workplaces have inconsistent, unspoken “rules” that apply differently to different people. When one person gets in trouble for the same type of behavior that promotes another person, workers will feel like management plays favorites—which isn’t just unethical but also a quick way to drain morale and fuel tension in the office.[5] It only shows how incompetent the leadership is and indicates a toxic workplace.

For example, maybe there’s no “set” rule about work hours, but your manager expects certain people or departments to show up at 8 am while other individuals tend to roll in at 9 or 10 am with no real consequences. If that’s the case, then it’s likely that your organization’s leadership is more concerned with controlling people and exerting power rather than the overall good of their employees.

How to Deal With a Toxic Work Environment

The first thing to know if you’re stuck in a toxic work environment is that you’re not stuck. While it’s ultimately the company’s responsibility to make positive changes that prevent harmful actions to employees, you also have an opportunity to speak up about your concerns—or, if necessary, depart the role altogether.

If you suspect that you’re working in a toxic environment, think about how you can advocate for yourself. Start by raising your grievances about the culture in an appropriate setting, like a scheduled, one-on-one meeting with your supervisor.

Can’t imagine sitting down with your supervisor to air those problems on your own? Form some solidarity with like-minded colleagues. Approaching management might feel less overwhelming when you have a “team” who shares your views.

It doesn’t have to be an overtly confrontational discussion. Do your best to frame your concerns in a positive way by sharing with your supervisor that you want to be more productive at work, but certain problems sometimes get in the way.

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Final Thoughts

If your supervisor truly cares about the well-being of the organization, they will take your concerns seriously and actively take part in changing the toxic work environment into something more conducive to productivity.

If not, then it might be time to consider the cost of the job on your well-being and personal life. Is it worth staying just for your resume’s sake? Or could you consider a “bridge” job that allows you to exhale for a bit, even if it doesn’t “move you ahead” the way you planned?

It might not be the ideal situation, but your mental health and well-being are too important to ignore. And when you have the opportunity to refuel, you’ll be a far more valuable asset at whatever amazing job you land next.

More Tips on Dealing With a Toxic Work Environment

Featured photo credit: Campaign Creators via unsplash.com

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