How to Write a Winning Financial Services Business Proposal

Do you need to write a proposal to promote your financial services business to a prospective client? It doesn’t have to be an intimidating process. The goals for any business proposal are: introduce yourself, highlight your services and/or products, describe the costs, and convince the client that you are the right choice for the job or you are worthy of entrusting with their finances. To speed up the proposal writing process, you can use pre-designed templates and get ideas from sample proposals.Whether you are describing an accounting, payroll, insurance or broker service, opening a franchise or even asking for funding to start up or expand your business, the proposal structure will be similar. Here’s the basic structure to follow: introduce yourself, then summarize the prospective client’s needs, describe your services and costs, and finally, provide information about your organization, your credentials, and your capabilities.For a financial services business, you will also need to include some detailed information about your services or products that are of interest to the specific client. For example, an accounting firm might need to include a range of options based on the size of the client’s business (services for a one-person firm will differ from services for a 10-person firm if you are also doing things like payroll services). An insurance broker might need to explain different kinds of policies for a wide variety of situations.Always keep in mind that the purpose of a proposal is to persuade your potential clients to give you their business or manage their hard-earned money. You must prove that you can deliver the products or services they need. A simple price list can never substitute for a real proposal.Proposals should be targeted to a specific client. This means you need to gather information about your client so that you can present a proposal tailored to that individual client’s needs. It’s never a good idea to send all prospective clients the same sales letter. Clients are much more likely to accept a proposal tailored just for them.So, let’s get back to the order described above. Start your proposal with a Cover Letter and a Title Page. The Cover Letter should deliver a brief personal introduction and contain your company contact information. The Title Page is just what it sounds like: the name of your specific proposal (for example, “Accounting and Payroll Services,” “Prepare for Financial Freedom,” “Insurance Policy Options for Westbridge, LLC.,” or “Refinancing Your Mortgage”).After the introduction section, add topics that describe the needs of your client. If you are presenting a proposal for a detailed suite of services, you may need to write a summary to precede the detail pages. In a proposal for a corporate client, this is normally called an Executive Summary. For a less formal but still complex proposal, it’s more often called a Client Summary. In this summary and the following detail pages, you should demonstrate your understanding of the client’s needs, goals, and desires, as well as discussing any disclaimers or risks that need to be disclosed. This section should be all about the client.Next is your chance to advertise yourself. Follow your introduction section and the client section with pages that describe what you are offering. These pages might have general headings like Services Provided, Policies, Benefits, Services Cost Summary, and Product Cost Summary as well as more specific pages that detail the products and/or services you can provide and explain the associated costs.Your specific business will determine the specialized topics and pages you need to include in your proposal.An accounting and payroll service might need to include pages with titles like Specialization (to highlight a specific niche you excel in), Services Provided, Accounting, Reporting, Taxes, Project Management, Administration, Auditing, Options, Cost Summary, Policies, Billing, as well as Contract and Terms pages.An insurance broker may include topics such as Needs Analysis, Client Background, Insurance, Coverage, Policies, Risk Analysis, Recommendations, Comparison Chart, and Options, in addition to the standard services topics. Since proposals in some areas may be binding with the contract, make sure any limitations, coverage exclusions and time limits are covered in your disclaimers, and consult your local attorney to ensure your proposals and contracts conform to local laws.A finance company may include topics such as Financing, Repayment Plan, Options, Consolidation, Collateral and Guarantees, Payment Options, Payment Schedule and so on.A company selling investment or brokerage services will need to include information not only about their products and services but in these times, such a company should provide impeccable credentials as well. Consider adding information about your Services Provided, Products, Policies, Disclaimers, Risk Analysis, Risk Management, Industry Trends, Recommendations, Return on Investment, Commissions, Assets, Clients Served, References, Experience, Qualifications, Reputation, Customer Service, Company History, and so on.If you’re asking for funding to start a financial services business (anything from a small accounting firm to an insurance franchise), you’ll want to add pages such as a Competitive Analysis, Industry Trends, Market and Audience, Marketing Plan, Insurance, Liability, Time Line, Funding Request, Services Provided, Products, Company Operations, Balance Sheet, Income Projection, Sources of Funds, Uses of Funds, Personnel, Legal Structure and any other topics required by the lender.In your last proposal section, provide your company details, including pages such as Company History or About Us, Qualifications, Certifications, Memberships, Testimonials, Our Clients, or References. Your goal in this section is to convince the prospective client that you can be trusted to deliver the goods and/or services they need and want and responsibly manage their money.Those are the basic steps for organizing and writing the proposal. But you’re not quite finished yet. After you have all the information down on the pages, focus on ensuring that your proposal is visually appealing. Incorporate your company logo, use colored page borders, and/or select interesting fonts and custom bullets to add color and flair. Just be sure to match your company style when making these selections.To finalize your proposal, it’s essential to proofread and spell-check every page. It’s always a good idea to get someone other than the proposal writer to do a final proof, because it’s very common to overlook mistakes in your own work.When the final touches have been completed, print it or save it as a PDF file, and then deliver it to the client. The delivery method you should use will depend on your relationship with your potential client. While it’s common to email PDF files to clients, a nicely printed, personally signed, and hand-delivered proposal may make more of an impression and demonstrate that you’re willing to make an extra effort for the client.So, to sum up, a financial services proposal can vary widely in content depending on the business and the size and needs of the client. Each company’s proposal contents will need to be a bit different. But all these proposals will have a similar format and follow a similar structure.If you’d like to get a jump start using pre-designed templates with simple instructions and extensive suggestions for content, you can use Proposal Pack, which includes all of the material mentioned above. It also includes samples of completed financial services proposals that will give you great ideas and help you easily create your own successful proposal.

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Competing in a Global Market Via BPOs and Telemarketing Services

Reinvent or perish, this is the predicament that most companies have found themselves in. With the accelerated pace of globalization at the turn of the 21st century, old business tools have to be reexamined and replaced in favor of better devices like telemarketing services.The world becoming a virtually contiguous market, on the one hand, has certainly opened a whole lot of new opportunities. The dismantling of many trade barriers across countries, on the other hand, has made competition broader and keener. Telemarketing services is one business tool that can best address these complementary developments.Flexible tool from convergence of technologiesThe days of the door-to-door salesmen are definitely Jurassic alternatives. The convergence of breakthroughs in various technologies such as telephony and computers has made it possible to reach a wider base of consumers, and at speeds never before experienced. It will be to the advantage of any business venture, whether that of a Fortune 500 or modest start-up firm, to harness the power of telemarketing services.Telemarketing stands as a flexible tool that more than just introduce a company, its products and it services. It can serve as a vital component of a multimedia campaign that may very well serve as the final sales pitch that will win over a consumer.Rifling those messages to consumersBeachheads in the minds of consumers established by such marketing modalities as traditional print and broadcast advertisements can be fully explored with telemarketing services. Telemarketing can easily be molded to target specific market segments, a much more efficient method than the shotgun approach of direct mass media selling.Well-trained telemarketers can bring personalized interaction with sales prospects. Certain grey areas that were not fully addressed in advertisements can be resolved through telemarketing.. With the highly measurable results it delivers, company resources can then be more wisely expended through telemarketing services..In addition to the concrete sales results achieved, telemarketing has become an anchor of business enterprises to the hearts and minds of consumers. It has emerged as a valuable tool, for instance, in after-sales services. In so doing, consumer loyalty and repeat purchases can be effectively encouraged through telemarketing services.The benefits of outsourced telemarketingAdmittedly, cost considerations may hamper a decision to set up an in-house department for telemarketing services. Nevertheless, much of the set-up cost can be reduced by outsourcing this business process to call centers. Business process outsourcing (BPO) ventures, in recent years, have multiplied exponentially with businesses’ want and need for more cost-effective tools to compete in the now highly global marketplace.Through a BPO partner in telemarketing services, a company can concentrate on its core competencies. Its efforts can stay focused on the manufacture of quality goods or the efficient service delivery of a consumer need. Further market inputs can be built in, and continuously derived, from an outsourced telemarketing system. Putting all these benefits together, a company will have more agility and adaptability which are the prerequisites in order to survive and grow in a global market setting.

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Five Easy Lessons for System Design

I never really understood the hubbub associated with system design. People tend to look upon it as a complicated process. Actually it’s not, yet the corporate landscape is littered with disastrous system projects costing millions of dollars, all because developers overlooked some rather simple principles for design and focused on technology instead. There are five easy lessons which can greatly expedite the development of any information system. To begin with, it’s not a matter of following a rigorous set of instructions, but simply having a different perspective on information systems, to illustrate:1. Information = Data + ProcessingThis is a simple formula involving two variables, data (the facts), and systems (how the data is processed). It also means there are differences between Information and Data, they are not synonymous. Data is nothing but the facts of the business; Information is the intelligence needed to support the actions and decisions of the business and, as such, it only has value at a particular point in time. Consequently, Data is stored, Information is produced. As an aside, there is little point in producing information if nobody is going to act on it.All system design projects begin with a definition of information requirements, not hardware/software specifications such as “functionality.” If information requirements are improperly defined, everything that ensues will be incorrect and a colossal waste of time and money.2. An Information System is a product that can be engineered and manufactured like any other product.All Information Systems consist of a four level hierarchy where the product is represented in various levels of abstraction, from general to specific. This is no different than an architect designing a building, or an automotive engineer designing a new car. This also means systems are designed “top-down” and tested and implemented “bottom-up.” When the various sub-assemblies are designed, they can be finished separately. This means a system design project can be conducted in parallel with different parts running concurrently. This is clearly a departure from the “waterfall” approach which assumes systems are designed in a linear manner.The system structure consists of: LEVEL 1, the System (the product); LEVEL 2, Sub-Systems (sub-assemblies represented by business processes used to collect data and produce information); LEVEL 3 (procedures, both manual and automated, interconnected to represent a flow of work); LEVEL 4 (steps for performing manual procedures, and programs for automated procedures).3. Systems communicate through data.Data is the glue holding systems together. It is the only way one part of the system communicates with another, through shared data. By identifying the fundamental data requirements for the Sub-Systems at Level 2, we can then develop the business processes in parallel knowing they will work together at the end of the project.4. There are logical and physical dimensions to systems and data.Sub-Systems (Level 2) represent logical processing; it is what we want to do, and when we want to do it. Levels 3 and 4 represent physically “How” the Sub-System is to be implemented which is normally based on economics and available technology. Whereas the logical portion of the system will rarely change, the physical portions will change more dynamically. For example, consider Payroll Systems used in business, both commercial packages and in-house developed systems. All provide the means to collect data regarding worker profiles (salaries, hourly rates, deductions, etc.); time worked, vacations taken, overtime, etc.; producing the actual payroll, and; various government reporting tasks. How this is physically implemented though, varies from one package or system to another, yet they all satisfy the logical specifications. In other words, payroll systems have logically been performed the same way for many years, their physical implementation though differs significantly.As another example, consider the various spreadsheets available (e.g., MS Excel, Lotus 123, Google, OpenOffice Calc); all fundamentally work the same but are physically implemented differently under the hood. How a system is physically implemented is of little importance if it solves the problem effectively.Data also has logical and physical dimensions. A data element has only one logical definition (what it is meant to represent), but may be physically implemented many different ways. For example, consider the different ways time can be represented, dates, weights, money, etc., yet the logical definition remains the same.Logical data models of the facts and events of a business (e.g., customers, orders, products, shipments, etc.) are required for implementation in physical file management techniques, including data base management systems.As should be obvious, whereas logical information resources will remain relatively static, the physical resources will change dynamically.5. Documentation is a byproduct of the design processJust like an architect or engineer who produces a set of blueprints depicting the various levels of abstraction in their product, systems developers should do likewise. At LEVEL 1 of the system hierarchy, Information requirements are used to define the various sub-systems; at LEVEL 2, the various sub-system definitions, complete with inputs, outputs, and logical files, are used to define the procedures; at LEVEL 3, the procedure definitions, including inputs, outputs and physical files, define the steps for manual procedures and software specifications. At this point, LEVEL 4, there should be sufficient documentation for programmers to develop and test their programs.This approach is no different than an architect completing the blueprints before laborers can begin construction. In systems, programmers produce and test each program; they then test the software as a string (Level 4); then test the workflow of the sub-system, including both manual and automated procedures (Level 3); then parallel testing of the sub-systems (Level 2), before putting the system into operation (Level 1). Again, you design top-down, test and implement bottom-up.The point is, good specifications can improve programmer productivity far better than any tool or technique.Yes, system design is actually quite that simple. However, people tend to make it more complicated than it needs to be. It’s not a matter of lengthy instructions as embodied in a methodology, it’s a matter of perspective. If you can accept the concepts embodied by these five easy lessons, you can build any information system. That’s right, any.

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Special Education Software Delivers Effective Results

Special education requires a little extra effort to ensure that students with certain limitations meet their full potential. In order to truly unlock a student’s true learning potential without ever making him/her feel limited in any way, there is a wide range of special education software which is available for use in schools around the world. However, it is important to note that there should be a careful consideration when selecting special software programs for students with special needs as it is commonly known that software is expensive, grants are limited and teachers only have a limited amount of time to study and incorporate these packages into their everyday teaching exercises.Therefore, when selecting special education software, there are certain questions that should be kept in mind before making a final decision:Will the education software do justice in meeting the individual needs of the student?Will the special education software be good enough to support the curriculum or education plan of student that has a learning disability?Will the special software help in facilitating the physical access needs of the student?The teacher concerned should go a little out of his/her comfort zone in collecting useful information about what kinds of software are available, what kind of software can be recommended in a similar situation and what are the training and technical implications, if any, that one may require to implement the program successfully in a classroom. One of the few things that will help a teacher make an informed decision when choosing a particular education software would be to actually see the program in operation in another school. This will help the teacher determine its effectiveness. In addition, teachers should also plan to review the use of the software regularly and to use it in the most effective way when teaching students.Special education software for use with students with special needs is divided into two main categories:Content-free softwareContent-rich softwareContent-free software enables a user to incorporate their own content which may include text, graphics, and sound. This particular category includes word processors, word prediction programs, presentation software, and multimedia authoring programs in addition to planning and organization software.On the other hand, content-rich software includes the following:Reinforcement Software which is also commonly referred to as Drill and PracticeThe use of Interactive Talking BooksExploratory or Simulation SoftwareReference and Information SoftwareStudy Skill SoftwareAssessment Software to evaluate a student’s progress

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Military Payday Loans! The Before Pay Check Financial Fiasco, is History Now

Working under the most prestigious service of the country – military – and still struggling with ends to meet! Are finances crumbling on you? And you thinking of another job? Will it easy to maintain two jobs? How would it affect your life? Is there a guarantee that the second job will solve the financial crunch? Military payday loans can offer respite from these queries, if your cash problems are temporary.’Temporary’ is the term to concentrate when you are applying for military payday loans. Only small lived financial problems can sanction military payday loans. Urgent medical needs, several bills, and unplanned expenses which are not covered by paycheck – military payday loans are normally meant for these ‘emergency’ situations.Military payday loans are not very different from usual payday loans. Also known as cash advance loans, they are offered to qualified military personnel on their ability to repay the loans. For military payday loans, a borrower has to give a post dated check to the loan lender. This will authorize the lender to withdraw the amount form the bank account. The authorization can also be in the form of electronic debit. The loan lender will keep this authorization for a week which is usually the time during which the borrower can pay back the loan in cash in exchange of the original check. The borrower will then deposit the check in the borrower’s account. Otherwise, if the borrower is not ready, the military payday loan can be renewed or rolled over. The military payday loan can be extended for any time period but the loan lender receives payment for every extensions.Military payday loans are in fact very easy to qualify for. The first requirement with military payday loans is a current valid bank account and a regular income which being in military, you already have. A veteran or an active member both can apply for military payday loans. The loan lender can also look whether a person spouse or a family member can qualify for the loan. You might have to provide some personal information which may help in computing how much money you can take. Government identification makes it easy for military personnel to access military payday loans from any part of the world. Lenders have different policies with regard to loan lending, so they might not forward military payday loans to certain divisions of military. Military personnel can also be asked for paychecks, to see your monthly income. Because of the identification with the military, military payday loans are offered with bad credit also.The interest rates of military payday loans are high. The typical interest rates charged are 25-30%. This can vary from person to person depending on the circumstances. Their resourcefulness can be put to use for education, home improvement, computer financing and any other personal need.Military payday loans [] come with a downside. According to Uniform Code of Military Justice (UCMJ) Article 123a and 134, default with military payday loans is a punishable offence. There can be strict penalties including confinement, clearance, court marshal, transfer or even discharge. The consequences for military personnel are much stricter than regular payday loans.There is a lot of hue and cry about military payday loans. These loans are in fact used to target soldiers. Instead of fulfilling emergency needs, they are dragging them into huge debt situation. The promise of quick cash seems promising at first. In order to pay for one payday loan, you take another and eventually have so much debt to pay and that too a very high interest rate. There are astounding interest rates the debt is so high without any possibility of payment. Military payday loans are strictly meant for short term shortfall. If military personnel are not sure about their ability to repay – then it is not the course for them. There will be serious consequences on their financial position not to mention the emotional effect which affects their job productivity. In fact military personnel are the ones who are the prime targets of payday loans.Military payday loans have grown in popularity and that has given rise to many loan lenders offering them. On one hand military payday loans are a good way to improve finances, but they can form a debt trap if not managed well. The best military payday loans do not discriminate between military personnel and would have interest rates lower than usual payday loans. A military profession doesn’t always offer financial fulfillment like other working class. But with military payday loan, you can restore monetary concerns that sprout just before the paycheck delivers.

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