Skip to main content

Importance of a Capability Statement:



The Business world has become more complicated and one has to be careful with every move they take. Gone are the days when old tricks worked out. Today, one has to change with the market changes. And, if you fail to do so, you will soon be added in the ignored list by the consumers and the clients.

Let’s talk about present ability - it plays a major role in brand building. Moreover, being quick is the mantra of business success. Whether you are into a small scale business or a large scale business, capability statement is the need of the hour.

It is mandatory to add a capability statement in any official documentation as it looks more professional and adds value to your organization. Wondering what is a capability statement? It is basically a communication tool that lets the clients know what your business is all about and the products and services that you offer. The statement also talks about the year of establishment, the total years of experience, business expertise, and other general information.


It helps the organization to respond to the projects and tenders as per the requirement. One can easily show the qualification, the previous performance, and the expertise while bidding for a tender. People are too occupied to go through all the information that you have mentioned. Thus, a capability statement will allow the authorities to glance the information quickly and respond accordingly. Trust us, you have a better chance of winning the contract if you have included a capability statement in your tender documentation. It also helps to build a professional image.

Once you have submitted the tender documents, the authorities will verify whether your organization is meeting all the tender specifications. You will be considered for the next level if you are meeting the tender specifications or else be ready to face the rejection.

What to include in a capability statement:

Information related to your company
Introduction about the company
Company Overview
Products/services offered by the company
Clientèle
Management Profile
Earlier important projects
Contact Details


Ensure that your statement doesn’t exceed more than 3-4 pages. It has to be crisp and must include all the important aspect of the business. Make sure that the text is well-aligned. Also, customize the capability statement based on the tender that you are bidding for.

Tips to write a capability statement:

Keep it simple:Do not over stuff your documents. Keep it simple and let it look professional. Choose your visual design that goes well with your brand.

Easy Availability:You can also have it in PDF form to make it easily available. E-documents are vital these days, especially, in this Internet era.

Update your website:Your website is the face of your business. Ensure that it is user-friendly and responsive in nature. Make sure the page loads quickly and there isn’t any 404 error.

Have an appealing content:Content is the king and it must be emphasized. If you have strong marketing strategies but, poor content, trust us, the entire marketing efforts will go for a toss. Follow the below tips to have an appealing content:

  • Add  Capability Statement in your Title.
  • Avoid framing long sentences.
  • Always write considering your audience.
  • Avoid the usage of jargons.
  • Avoid grammatical errors.
  • Use bullet points instead of paragraphs.

Once you are done drafting your capability statement, ask a professional to review it. However, if you have the slightest of the doubts, it is better to seek the help of the professionals. The Industry experts will take care of your business plan, from the scratch till the final execution. They possess the business resources to support the business plans.

Business Plans is an Australian registered firm that offers Business Planning Services to Australian SMEs and Large Organizations. The experts understand your business plan and come out with strategic plans that would secure your investment.  It was formed in the year 2000 to help the Australian SMEs and Large Organizations to form their business plans.
Labels:
Location: Australia

Comments

Post a Comment

Popular posts from this blog

How to Prepare an Information Memorandum for Investors?

Your investors want to know more about baseball and generally sports. All investors wish to know whether they can receive their money back should the deal go south. They want to see the current market, and if the company will be sustainable in a future market. They expect to see a breakdown of how you plan to spend their investment in the first year. Early stage investors are not going to need to read such a long and thorough document. If you're soliciting investors for the very first time, you may likely use the private issuer exemption. At the extreme, investors should be careful of fees which are too low. Some institutional investors may want to take part in operational decisions and might insist on particular provisions. Some investors are searching for an emotional relation to the company, but large sophisticated investors are often on the lookout for hard facts so make sure you include the important metrics and numbers that support your investment case. If you'd l...
1 comment
Read more

Tips for building perfect information memorandum

You have an investment meeting coming up. Your pitch is ready and you’re all set. You will need a top-notch information memorandum (IM) that you hand over to investors after your knock-out pitch. A confidential information memorandum is a short document outlining your business plan. Usually running for 20 to 30 pages, your IM includes projections, analysis and explanation that you could use to pitch to your investors without boring them to death. Here are some essential aspects to cover in your information memorandum. Financials Be sure to include critical financials supported by explanations and pricing strategies. Include comments and notes where necessary. Lease and Rental Terms What are the lease and rental terms? What is included? Are storage, car parking and outgoings included in the lease contract? What is the rent and what are the payables? What’s the GST component? If there are any unique aspects or improvements that are required in the office space,...
Post a Comment
Read more

How To Write A Business Plan To Start Your Own Business?

As a fresh business owner in Australia, an important part of the process that comes before implementation is your business plan. The business plan is set up to be your go-to blueprint to make the objectives and intentions of your business clear. It is a document of your research, and is supported by enough evidence. From informing new and future employees/venture capitalists what your plans are for the company, to obtaining funding at any point through your journey in the small business owner game; this document will go a long way. According to Forbes, a whopping new 17% of business owners fail due to weak or vague business plans. This is why it is important to make sure that what you’re writing is clear, concise and to the point. In this article, we provide an outline on what you should be clear about when writing a business plan . To make it easy, we’ve broken it down into 5 key parts : 1.The Business In this section, the organisational structure of the company i...
Post a Comment
Read more