Purpose of a cover letter in a business plan

In their business plan book, "Writing a Convincing Business Plan," Arthur DeThomas and Stephanie Derammelaere state, "It should identify you, the reason the business plan is being presented, and the documents included in the presentation package. Consider a few types of letters before writing one for your plan. Focus on Recipient Needs One option for a business plan cover letter is to focus the content on the recipient and his needs, questions or interests. Use this type of cover letter if you have a thorough understanding of the person who will read this plan.

Purpose of a cover letter in a business plan

The business plan should be created before you launch your new business venture, and you should review every few months to make sure you're implementing all your plans and don't need to make alterations.

When you send your business plan to banks or other financial institutions in an attempt to receive a loan for your business, include a professional cover letter with the business plan. Type your name, the name of your business and your contact information at the top of the cover letter so the bank can get back in touch with you easily.

Include your business address, office number, cell number and the email address you check most frequently. Type the recipient's name, title, bank name, location and address after your information.

It's important to include the recipient's name. If you're not sure who will receive the cover letter and business plan, call the bank and ask.

Type the date you plan to send the business plan cover letter under the recipient's information. Include a professional greeting addressed to the recipient, such as "Dear Ms. Explain in the first paragraph that you're sending the banker your business plan and that you hope the bank will consider providing you with a loan.

Tell her that the business plan is attached and that you'd appreciate her consideration.

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In the next paragraph or two, describe reasons for opening your business. You should include details about your financial plan, such as how much money you already have to invest in your business and how much you plan to profit in the first year or two.

Talking about your profits and careful financial planning shows the bank that your business is a worthwhile investment.

purpose of a cover letter in a business plan

Thank the recipient for her time and consideration in the final paragraph. Let her know that you would appreciate it if she would review your business plan. Tell her you are available to come in and discuss your business plan further.

End the letter with a professional closing, such as "Sincerely," and type your name three or four lines after the closing.

Sign your name in the space between the closing and your typed name after you print out the cover letter. Johnson has been completing freelance writing work since September Her work includes writing website content and small client projects.

Photo Credits business plan image by pablo from Fotolia.One option for a business plan cover letter is to focus the content on the recipient and his needs, questions or interests.

Follow-Up Note

Use this type of cover letter if you have a thorough understanding of. Features. An effective cover letter should be engaging, employer- or position-specific and well-written.

It should describe why you are interested in the position and what qualifications or . cover letter synonyms, cover letter pronunciation, cover letter translation, English dictionary definition of cover.

is Business plan zara free used car dealership business plan letter which accompanies other documents or goods and explains the contents and purpose of what is being sent. Writing a cover letter takes a careful approach. Mar 11, The main purpose of a cover letter, according to Youth Central Australia, is to introduce you, motivate your potential employer to read your resume, mention the job that you want or the job that you’re looking for, match the skills that you have with the skills that’s required by the job that you want, and finally, you can request for an job interview or ask them for a job interview meeting.

8+ Sample Business Proposal Cover Letters – PDF, Word | Sample Templates

Even if you did the rest of your business plan yourself, the cover letter is the first look the bankers will get at your business. Learn the properly accepted formatting and use it.

Stick to a professional looking, east-to-read font, like Times New Roman. The business plan cover letter is different from any other types of letters because it is addressed to a lender or an investor who will review the proposed business plan.

This is the applicant’s chance to have a personal word with the lender and prepare him or her for reading the business plan.

What Is the Purpose of a Cover Letter? | Career Trend