This is an interesting discussion we are going to have here in. It is interesting in that a business plan is somehow a business proposal in some sense – but it is not necessarily a business proposal. From a certain angle, a business plan can be part of a business proposal package. Anyways, this is simply to highlight that the business plan and the business proposal are not the same. The differences can be subtle, depending on how you choose to look at it. However, they are significantly different and in this article we shall make those differences apparent. 

By Definition

A business plan is a comprehensive description of how a business will achieve its goals. A business proposal is basically a document that is put together for presentation to a prospective person or entity with regards to a particular business request or offer. 

To Note: it is interesting to note that both the business plan and business proposal have similar categorizations. We are talking about those two broad categories of either being solicited or being unsolicited. Obviously those two differ in that the former is more specific whilst the latter is more generalized. 

Uses

The business plan is a roadmap of a business spanning from what it is to what it seeks to achieve and how. A business proposal as the name suggests is for sort of proposing or selling an idea to someone or a business (or any other form of entity). 

Structure Or Format

A business plan comprises of components such as the market analysis, company description, products & services offered, marketing strategy, executive summary, management structure and financial statements. This of course does not ignore the obvious sections such as cover pages, table of contents and appendixes. 

Typically business proposals have the following components or sections. These are executive summary, problem statement, proposed solution, objectives, timespan, pricing details, implementation approaches, and terms and conditions. These are the basic components and obviously one can tweak them in the best way they see fit (even adding other sections too). For example, some business proposals might need sections such as monitoring and evaluation framework, management plan, PESTLE analysis, and so on. Where applicable, additional sections such as appendix can be included – cover page and table of contents are an obvious inclusion. You can also check the top 10 most successful businesses to start in 2021 in the link.

To Note: The lengths of business plans or business proposals somewhat fall in the same set. They can be short, medium length or very lengthy – it just depends on the nature of the context involved. Generally, business plans and business proposals can be anything from 30 to 50 pages in length.  

Examples

A business plan example can be a Fashion Online Marketplace Business Plan. Interestingly the title of a business plan usually gives you a vague picture – like in this case “fashion online marketplace”. It is different for a business proposal though. 

A business proposal example can be as follows: A business proposal by John Smith for a contemplated partnership, strategic alliance or joint venture between John Smith and Peter Noel for the introduction of a new product. The title of a business proposal, though it does vary, can in some cases be self-explanatory and give a comprehensive picture before going through the document in full. 

Who Are They Addressed To?

Business plans are broadly addressed to or presented to prospective investors or financiers. Business proposals are usually intended for other businesses, other corporate entities or even individuals. 

You can clearly see now that a business plan is different from a business proposal. There are several things that separate them even though they in some cases seek to serve somewhat similar purposes. As much as they are different they both must be written following similar principles such as diligent research, preciseness and conciseness. 

Do you fully understand flexible metal hoses and their use? The information below can help to resolve any confusions you may find when choosing the appropriate hose. The flexible metal hose will no doubt be an effective and economical solution in the long run.

Why choose a flexible metal hose?

Vibrations from engines make flexible hoses a crucial part of a piping system. These are specially engineered to absorb vibrations, any offset misalignment, and dampen noise that comes with it. All these issues can actually shorten the lifespan of an entire system.

There are a range of options when choosing a flexible hose. You can choose from EPDM (terpolymer of ethylene, propylene and a diene monomer) or a corrugated metal hose. Both work to reduce the internal stress of pipelines, absorb vibrations, and ensure the correct alignment. However, a stainless steel hose has some qualities which make it a cut above the rest. They have a much longer lifespan than EPDM hoses, which usually run for around 10 to 15 years. A stainless steel hose would not usually fail for the whole system’s lifespan.

Stainless steel hoses will also function whilst subject to a very wide range of extreme temperatures. And lastly, the braid on stainless steel hoses allows it to withstand a lot higher pressure than a EPDM hose. 

How much pressure can a flexible metal hose withstand?

When choosing a flexible metal hose, the working pressure, test pressure, and burst pressure may confuse you. What do these things mean?

The maximum working pressure should be calculated on a continuous basis, at 21 degrees celsius. Usually, it accounts for a quarter of nominal burst pressure.

Maximum test pressure is the maximum pressure before the hose begins to deform. This can be determined by calculating the maximum working pressure to 150%.

Nominal burst pressure means that if the pressure is exceeding, the hose will rupture.

When does a flexible hose need a liner?

Hose liners are designed for when the velocity of liquid or gas exceeds the maximum velocity without a liner.

An interlock liner can help decrease the turbulence posed by high speed, and actually reduce the resonant vibration which could occur.

What does the safety factor refer to?

The safety factor is the ratio between the hoses maximum working pressure and the nominal burst pressure. Usually the ratio is 25%. So, the safety factor is 4:1.

Is it time to file an insurance claim? Don’t you have the time it takes to follow up on settlement? You can register the services of an authorized public adjuster to handle the claims process and work out a settlement for you. Since you have already incurred considerable loss, the last thing you would want is extra problems and so you should keep the following in mind while trying to hire an insurance adjuster.

• Does the adjuster have a license for your state?

It is very important that you hire a licensed Insurance adjuster Canada service, and thus you should check the Individual Public Adjuster license of the person you wish to hire. Some public adjusters, instead of obtaining individual qualifications and credentials, get licensed by a firm or individual. You must hire an insurance adjuster with experience who is either local or attached to a well-known local company. The authorities should also give the adjuster a clean record.

• Know if the adjuster will be handling your claim personally

You need to know if the person you have approached is the one who will be adjusting to the loss personally. You may be talking to a sales representative who usually passes on your claim to another person.

• Know how well the adjuster knows the processes of claim adjustment and construction estimation

It is important to know an adjuster’s level of experience as a licensed Public Adjuster and the number of years she has practiced in your state.

• Ask for some references of local clients who were happy with her services

You should ask for a list of clients that the public adjuster claims to have served successfully in the last three years.

• Know the fees

A public adjuster’s fee is usually determined by the size and nature of your loss and your claim status. You should agree with the public adjuster on whether she will receive a percentage of the amount that the insurer has committed to pay you but is yet to pay. You may also want the adjuster to handle parts of your claim. You should negotiate this upfront.

National Fire Adjustment Co.
1100 S Service Rd #222,
Stoney Creek, ON L8E 0C5
+1-800-790-2622
https://nfaco.ca/

with unique operational and marketing challenges. Here are a few tips for cultivating and caring for your customer base during this difficult time such as communicating with customers online and sending business thank you cards in the mail.

Combine Online and Offline Methods

Social distancing is the only known way to control the spread of the COVID-19 virus. Business owners who heed expert recommendations have had to cancel events and temporarily shut down or switch to remote or hybrid day-to-day operations.

The first impulse of many marketing departments and small business owners back in the spring was to focus on online marketing. In reality, current conditions make certain offline marketing techniques, such as sending physical greeting cards, more effective.

Connect With Customers Online

In these unprecedented times, a business should maintain a consistent web presence. There are many other ways to build brand identity through content hosted on a business website or posted to social media:

• Customer testimonials
• Product images
• Sponsored posts
• Video content

In addition to posting content, a brand can make an effort to respond to more customer inquiries, reviews and other feedback. Customer relationship management software can be helpful for keeping up with the rapid pace of online marketing across many internet platforms. Engaging with customers on any platform where they are present is more crucial to success now than prior to the pandemic.

Many businesses have had good experiences gathering user-generated content by recommending the use of specific hashtags or by promotional giveaways. These types of content are preferred by social media users and can be highly effective for increasing demand.

Send Business Thank You Cards

A business should also maintain access to secure customer information. In addition to the name of a customer and other identifying details that can be helpful for targeting campaigns, maintaining current email and physical addresses is helpful for staying in touch.

It can be worthwhile to take the time to check the completeness and security of your customer database. A business may want to consider upgrading to a CRM platform that can automatically complete, correct and standardize records. Current contact information is necessary to keep in touch.

Mailing greeting cards can be an effective way to build and sustain customer loyalty. In addition to sending Christmas, holiday or seasonal greetings, a business can also check in throughout the year on the occasion of other holidays. Depending on the information available, it may also be possible to send birthday and other personalized greetings to customers.

Special Offers Drive Conversions

The pandemic has put financial stress on many consumers. Businesses that offer discounts or other special offers in online promotions or offline communication may see higher open rates and more sales as a response.

Consumer response to thoughtful and well-timed promotions during the COVID-19 pandemic may exceed the effectiveness of these tried-and-true promotional strategies under normal circumstances. Whether a business distributes a discount code or offers other benefits to customers, a promotion may help to stimulate sales.

Depending on the products or service a business offers, a contest or giveaway on social media might be effective for stimulating engagement and sales. In addition to creating a demand and a sense of urgency to make a purchase, it is also possible to plan promotions in advance to build consumer anticipation over time and allot time for a promotional campaign.

A business can use a combination of online methods and business thank you cards to touch base with prospective customers. The COVID-19 pandemic is likely to increase the amount of online customer engagement and subsequent spending during the 2020 holiday season and the near future.

A corporate video production is an important job as it is mostly used to reflect a company’s vision through media. There are a ton of production companies in Australia and sometimes, they are overwhelming. However, you should stress about selecting your first corporate video production in Australia as we are here to help!

Years of experience

First on the list is the experience that the service provider has. Production companies in Melbourne has websites that has every information that they want to disclose to their potential clients. Most of the time, they include their years of experience in their about section, so make sure that you make an effort when it comes to researching.

As much as possible, select a service provider that has been already in the profession for a long time, preferably 5 years or more. If you can find a company that has more than 10 years of experience, then it is a lot better.

Equipment

A corporate video production house should also has updated equipment that will be used to produce the media that you have in mind. Manufacturers are always coming up with newest models of shooting equipment every now and then, and it is important to know if the production company is up to date with the trend.

Production techniques

One should also consider the production techniques that a company knows. Each and other company of corporate video production in Australia has their own style and it is important that you select one that would match well with your vision. To understand the techniques that they might use, simply view over their recent projects and deduce whether their technique is what you are looking for.

Pricing

A corporate video production in Australia is indeed an expensive task, but there are some production companies that are overcharging their clients because they can. To avoid this, simply make your own research and understand the standard pricing of a video production. After that, you may use it as your baseline and reference, which should also be adjusted according to different elements that can affect the production such as visual effects and additional equipment.

Conclusion

Corporate video production is a big deal to companies that are striving to gain a better audience reach. Most of them uses this for information dissemination or simply for a commercial. Whatever the use is, it is important that you select the correct partner even if it is just your first time availing a service like this.

Video production is now in demand these days, Get yours for your business at https://captiv8.com.au/.

Let’s face it: when you need a plumber, painter, electrician, or builder, it can be tough to know who to trust. There are so many cowboys around nowadays, and the last thing you want to do is hand over your money to a crook. Below, we’ve rounded up some of the best ways to know whether you can trust a local tradesperson once you’ve found someone…

Check with the local council

One of the best ways to find a local tradesperson or confirm whether the one you’ve chosen is legitimate is to visit your local council’s website. Search for a approved traders and they’ll list companies that they’ve approved. Granted, this list may be small and it won’t include every business in the local area, but it can offer you added peace of mind if you know that they have gone through local authority protocols and guidelines and meet their standards.

Ask if they’ll accept PongoPay

A growing number of tradespeople are turning to PongoPay, the tradesmen payments service. The idea is simple: consumers pay for their service up-front using the PongoPay app, but the money stays in a secure account until your tradesperson has carried out the work. Once it’s done, they’ll request for the funds to be released, and they’ll only be released if you’re happy with the work. It reduces the chances of a tradie leaving as soon as you’ve paid them, makes them more accountable for the work, and less likely to do a bodge-job.

Review trade associations

If you can’t find a trader for your next project, see whether there’s a trade association for the service you need. For example, the Gas Safe Register is a good place to start if you’re looking for someone to come and service your boiler. Most associations have a strict set of guidelines that businesses must follow in order to be accepted into. If you’ve already found a potential tradesperson for your job, and they feature a trade association’s logo on their website or marketing materials, make sure you verify it. If they’re not on the website or their membership has expired, it could be a sign that they’re trading under false pretences.

Look at their reviews and referrals

Another way to check whether you can trust a local tradesperson or business is to look at their reviews and recommendations online. Don’t look at their website – they get to choose what does and doesn’t appear on there. Instead, search for them on Google, Facebook, and specialist websites like Check a Trade or Trust a Trader and see what real customers are saying about them. Remember that nobody is perfect, and the odd one-star review shouldn’t alarm you too much, but if their overall rating is less than four or they have a string of poor reviews, it might give you the motivation to continue the search for a five-star-rated firm.

We hope that these tips have helped. Whatever you’re looking for, check back to the blog soon for more advice on homeownership and finding the right professionals for your work.