Writing A Visa Winning Business Plan
The Tier 1 entrepreneur visa is a very useful tool for both the entrepreneurs and businessmen, who aspire to work in the UK, and also the people residing in the UK, who will benefit from the foreign investments.
Prior to 2008, there was no particular requirement for applicants to submit a business plan, when they applied for a Tier 1 entrepreneur visa to the UK. However, since 2015, the requirements have changed and now a business plan is not only a mandatory requirement, but also a critical part of any application that is submitted. Some people choose to write their business plan themselves, whereas others choose to hire business plan experts to do the job for them.
Business plan experts are, without a doubt, well versed in the art of writing and can use words to create something extraordinary, however, it is not necessary to hire their services for this task. In this article we aim to provide you with some basic tips on how to create a great quality business plan, for those who wish to write their own business plans.
Writing a business plan, as good as the one a business plan expert would write, involves not only following the format, but also using the right content and material to address the questions in the mind of the reader; the visa authorities in this case. Basically, without proper research and knowledge about your business, writing a business plan wouldn’t work out very well. One needs to make sure that every major aspect of the enterprise is being addressed, and this involves both, internal factors as well as external ones.
Having a plan that covers all aspects of your enterprise and tries to give the audience some perspective on what the larger plan is, and how it is going to be executed, is in itself a marketing tool that can be used in many ways. Even in this format, it is granting access to a new market and is also a method through which investors can gain a better understanding of what the organization is. Stakeholders, in general, would be interested and would benefit from a thorough business plan.
The fact of the matter is that all businesses in all kinds of industries have limitations. They have problems that can’t be solved, such as changing market conditions. On the other hand, they have problems that can be solved, such as inefficient staff. The business plan expert understands this, which is why they can write on the subject in such a manner that those problems don’t seem to be as intimidating anymore, and if anything, an organization’s own methods seem to be beyond those hurdles.
Similarly, a business plan expert may also consider having a chronological theme to the written business plan. In this way readers can make sense of the work in relation to the time, and more easily understand how over time the plan evolves and grows into the vision of the entrepreneur.
Costs are a basic part of the business and it would be useful to include those in a business plan, however, it would not be incomplete without it. Depending upon whom you are preparing the plan for, you can choose whether or not to include them.
When you go to a business plan expert, they wont know a thing about your business, and so, you will have to provide them with all the information. However, if you have some great research to put forward, it would naturally improve the work of the business plan expert. A few things you may like to mention to the business plan expert or the writer:
- Plan B
Having your focus on your goal is excellent for any entrepreneur, at any stage of the business, however, having your eyes fixed on one matter to an extent that you are not quick to act to any other changes, can be costly to an organization. Even after having researched and then formulating the first plan you find out that it isn’t working out, it is usually a good idea to switch to a plan B beforehand. Consider all the variables in your business plan. If you could talk more about the solutions that you have, to handle those issues, you would find that you are writing a well-rounded business plan, whilst also showing a flexible approach to work.
When you start bringing up the details about your business, which you have researched and have the knowledge of, the content starts piling up and filling the skeleton of a business plan with content, giving it structure and strength.
With all these components tied together in one business plan, any reader would admit that the business plan was a good read, even if it hadn’t convinced them to go with the product.
If you would like to contact us, to seek our services, please visit our website: BusinessPlanWriters.co.uk
Established in 2007, Business Plan Writers (BPW) is a well-known firm with roots in London, UK and Los Angeles, USA. Over the years, BPW has satisfied its clients with an array of unique and remarkable business solutions that include:
Business Plan Experts Consultancy
- Reports and Business Analytics
- Visa Specific Business Plans
- Website Design and Development
- Other Products and Packages
Note: For limited time, you will get a 30 minutes’ free consultation on business ideas, growth opportunities and financing options.