A business partnership is a legal contract or form of operating business where two or more people share the profits and logistics. All the partners manage the business together and share the responsibilities and liabilities equally. A partnership can be within the same business or between two businesses that share a similar market.
Often people/companies like to work together on a business plan which has several advantages. In a business partnership, both parties benefit from each other’s expertise and can use the extra set of hands to expand their business. There is more influx of revenue, and the responsibilities and liabilities can be shared equally. Furthermore, a business partnership can help improve the credibility and reliability of a company.
A proposal letter is written for a business partnership when a person or company wants to get into a shared venture with another business. These partnerships are beneficial as they help businesses expand and sometimes enter a new market which in turn expands the customer base. The costs for marketing, advertisement, and liabilities are also shared.
The following points should be considered while writing a proposal letter.
A sample business proposal letter is given below.
In response to your call for a business partnership, we are glad to submit our business proposal for a joint venture with your salon. We are an esteemed company that manufactures healthcare goods, and we believe that this partnership will be valuable to our company.
We appreciate your plan to expand your business. Our company has a strong clientele base country-wide, and this joint venture can help introduce your service to a wider market and expand your business. Additionally, we are looking for a business partner that can market our healthcare goods in their salon so this venture will be beneficial for both parties.
Furthermore, the extra piece of land that you have on your property that is currently not in use can be utilized. We can set up small sales racks of relevant beauty and healthcare products on that land so that it can bring us immediate monthly revenue. Clients are more likely to buy healthcare goods that are recommended to them by salon owners.
We believe that through this venture, our clients will become yours and vice versa too. The advertising and marketing expenses can also be shared which will help our business reach a wider market. Your company’s mission and core values align with ours so therefore we invite you to join us.
We look forward to this partnership.