Business Plan For Tier 1 Entrepreneur Visa Applications

To obtain a tier 1 entrepreneur visa, it is necessary to submit a well-researched business plan that is unique and adds value to the local economy. Exist business planning experts understand the difficulties in impressing the UK Border Agency representative associated with your case, it is necessary to demonstrate a researched and intelligent business strategy, especially if its not an original business plan, for example restaurant, coffee shop, fashion brand, entertainment or professional services business etc.

Initially, we need to discuss: what your product or service trying to achieve? How is this different from your United Kingdom competitors? How big is the market? Who are your customers? What experience does your management team have to execute on the plan? How will you market the product or service? Do you have enough money to follow through on your tier 1 visa business plan?

Our business planning experts works with the entrepreneur and company stakeholders face to face or via meetings on the phone to start answering these questions. Exist understands what the border agency requirements are and makes sure you tick all the boxes. All of our staff have started, grown and exited a Company in the United Kingdom and have the in-depth experience to help you through this difficult and time-consuming process.

For atier 1 visa business planto be successful, our clients require a market potential and market research report. Depending on the size of the project, this concise report can take between 20-40 man-hours to compile and is deemed essential to prove the feasibility of the business idea, the potential different market entry points, points out market or legal barriers to entry and helps shape the marketing and sales strategy. The market research is carried out through a number of different sources, including the British Library, Industry associations, online market resources, competitors accounts, official documents, websites and customers information, Government import and export information and Search engine analytics.

Knowing your competitors in the United Kingdom is extremely important to understand the market potential of your business; you will have to explain your competitor analysis and your Company positioning to your investors or border agents for this type of business planning. Exist MGT specialists take on the competitor research and compete analysis on the following: Overview of competitive landscape, Deep dive into select key competitors, SWOT analysis, Business Model, Organisational information – Size, employees, locations, cost information, Key financial information, Strategic positioning within the market, Marketing strategy, Product, service & price information, Plans for growth, Target customers, Feedback from the customers and Sales strategy.

Exist works together with entrepreneurs, investors and your lawyers in the process for successfully submitting the tier 1 visa business plan. We ensure the business story on the application reflects the story on the plan and we are proud to say we currently have a 100% success rate in this process. If you do not have representation (lawyer) to handle your case, we would suggest you hire someone immediately, we can also recommend trusted legal teams in the United Kingdom.