Once we have an opportunity we need to decide whether it is a viable one for us to actively pursue. Having meetings with clients, preparing a written proposal, travelling to a presentation and all the other costs of gaining business are just one aspect. It may be that the opportunity isn't quite right for you - it may not be your core competence or could be a distraction from a more important project or prospect. Maybe you know that your competition is in prime position for this piece of work and you feel that this project "has their name" all over it and that it simply isn't worth you writing a proposal..
So how do you decide whether to bid or not? The danger is that you make an emotional decision to bid and write a proposal, even though it may not be the right opportunity for the business, after all you have put in the effort to find or create the lead. You should go through this process even if a client organisation has given you a "hot" lead and asked you to respond to their RFP or tender document.
You need to qualify your lead all the way through the sales process - from the initial prospecting to just before the submission of the proposal. At Learn to Write Proposals we have our Bid Qualification Toolkit to help you make those decisions and it helps you in two ways.
Firstly, the Bid Qualification Engine helps you measure the probability of your success in a particular opportunity, but this isn't a one-time thing that might stop your business development in its tracks...every time you qualify the opportunity you are identifying strengths and weaknesses in your capture planning strategy. Identifying weaknesses in you position (and the potential impact of those weaknesses) early on in the business development process helps you overcome them and make your proposal and position stronger.
Secondly, the Bid/No-Bid matrix helps you make an objective decision about the viability of an opportunity.
Any sort of formal qualifying process is important and should be done regularly throughout the development process. Why? Because it will help inform you about your progress and also will help you if your bid is unsuccessful and an analysis and report has to be made of what went wrong. If you can show that you followed a structured process of identifying potential problems and mitigating them, it helps feed into improving how you go about writing business proposals and winning work.
So how do you decide whether to bid or not? The danger is that you make an emotional decision to bid and write a proposal, even though it may not be the right opportunity for the business, after all you have put in the effort to find or create the lead. You should go through this process even if a client organisation has given you a "hot" lead and asked you to respond to their RFP or tender document.
You need to qualify your lead all the way through the sales process - from the initial prospecting to just before the submission of the proposal. At Learn to Write Proposals we have our Bid Qualification Toolkit to help you make those decisions and it helps you in two ways.
Firstly, the Bid Qualification Engine helps you measure the probability of your success in a particular opportunity, but this isn't a one-time thing that might stop your business development in its tracks...every time you qualify the opportunity you are identifying strengths and weaknesses in your capture planning strategy. Identifying weaknesses in you position (and the potential impact of those weaknesses) early on in the business development process helps you overcome them and make your proposal and position stronger.
Secondly, the Bid/No-Bid matrix helps you make an objective decision about the viability of an opportunity.
Any sort of formal qualifying process is important and should be done regularly throughout the development process. Why? Because it will help inform you about your progress and also will help you if your bid is unsuccessful and an analysis and report has to be made of what went wrong. If you can show that you followed a structured process of identifying potential problems and mitigating them, it helps feed into improving how you go about writing business proposals and winning work.
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