How can I write a trading plan's cover letter?
The reference letter of the business plan provides a summary of your business and how you plan to achieve this purpose. The audience is most often a potential investor or a group of investors. Given the purpose and audience, the letter should be written in a convincing manner and describe in detail the required amount of the investment and also what type of return can be expected by the investor.
The sale of a business plan to potential investors is the purpose of the cover letter of the business plan. The investor must be convinced that the business plan is carefully designed and has a significant market potential. The name and description of the business should be included in the first few sentences. In addition, a brief summary of the product or service offered by the company should be provided. Details of how the enterprise will serve the market to competitively will be included in this paragraph. At least the letter should provide certain reasons for how business becomes profitable. Potential profitability can be communicated by emphasizing several KONKUrencent benefits, unsatisfied market needs or market data.
The reference letter of the business plan should also indicate a long -term strategy. A summary of where the company intends to be in three to five years is essential for a potential investor. Having plans to grow and expand business can be an attractive selling point. A good idea is also to bind the nature of business to the interests of a potential investor. For example, if the investor has a strong interest in the well -being of disadvantaged children and your business plans to provide services to this segment should be included in the cover letter.
When writing a cover letter for a business plan, you should also include a paragraph that outlines the exact amount you are looking for from potential investors. Details should be provided, why this amount is needed and how it will be used. A convincing cover letter often states what the investor gets nand return. For example, a percentage of shares or equity may be replaced, otherwise a specific return on investment may be provided over a period of time.
The final goal of the cover letter of the business plan is to persuade the investor to provide funds for your business. In addition to being informative, the letter must emphasize the positive aspects of the business plan without getting into too much detail. The cover letter should indicate that the complete business plan is connected to further review and be so tempting to convince the potential investor to actually read the plan.