Tier 1 Entrepreneur Visa Business Plan | What Entrepreneurs need to know about this
Posted: Nov 02, 2018
For a highly busy and creative entrepreneur, a business plan is a necessary evil. It is important for businessmen to work out on their future business plans. How these would be achieved is exciting. Moreover, one does not need to spend hours on drafting documents. However, preparing a Tier 1 Entrepreneur Visa business plan is an entirely different thing. This is a vital document for applicants who have to pass the genuine entrepreneur test.
The astounding fact is that nearly 50 per cent of the volunteers fail in this entrepreneur test. The genuine entrepreneur's test was set up in 2013, for ensuring that those applying for the tier 1 entrepreneur visa in the UK have sincere plans to invest in UK business. Apart from this, the test also makes sure that the person has the required skill sets and knowledge for accomplishing the same.
The business plan is a way in which the home office assesses the commitment of an entrepreneur, their ability and expertise for contributing to the economy of the UK. This ensures that the tier 1 entrepreneur visa granted to them is completely justified.
Businessmen interested for applying in Tier 1 Entrepreneur Visa business plan should understand what the Home business officials are looking for. In this regard, an experienced immigration lawyers can render the best advice alongside their London-based contacts for ensuring that your business plan is completely up-to-date.
What should your entrepreneur business visa plan contain?
The best entrepreneur visa lawyers specify that the business plan you have proposed for passing the genuine entrepreneur test must show that a thorough research has been made. One requires demonstrating to the Home Office that you are aware of who would be your customers, competitors and suppliers.
An ideal entrepreneur business plan includes the description of the business, its services and products. The investment funds also have to be mentioned. These may range from any amount between$200,000 and $50,000. Apart from this, a financial forecast for the upcoming for three years has to be done. The entrepreneur’s previous experience and qualification in associated industrial fields must be specified. Find out who your customers are going to be and what marketing plan you have framed for reaching out to them.
The prices and details of business would be based on lease, the licenses and professional regulations need to be furnished. Additionally, you have to specify your staff and their roles. This must include a plan for employing at least two permanently-settled people. Last but not least, a mention of your accountants and lawyers should be made.
You can get assistance for Tier 1 Entrepreneur Visa Business Plan from expert immigration solicitors by visiting ONS Business Consulting. Choose ONS Business Consulting to get the best Tier 1 Entrepreneur Visa Business Plan services as we are best in providing the business via plan which will help in bringing out your business to rise more among audience. Visit ONS Business Consulting to apply for the business plan for UK business.
A bespoke business plan consulting agency in London that aims to create the right foundation for the success of your business.