A business proposal is usually represented in the form of a document that intends to offer specific goods or services to the business leads at a specified cost. The B2B companies typically use the business proposals for acquiring new business, and it can be either solicited or unsolicited. Every business proposal is made following a particular format, and thus an effective business proposal consists of key project details, an executive summary, and even requires a client signature. A business proposal template ensures that all the components are present in the proper alignment, thus developing them a critical tool for any small business. Reading the contents of  the students have a clear idea of the business proposal format.