Giving You Better Insight of the UK Market How You Can Set Up a Business Here

Starting a business in another country is not just about enough investment to satisfy the case officer, but also about the country you are planning to move to, their culture, values, and attitudes towards a foreign business. While most countries see foreign businesses as a threat to their local culture, others open-heartedly embrace the change and appreciate a foreign company adjusting to their values, and offering products and services that blend in well with their culture.

Having a deep understanding of the foreign market is crucial to establishing a business in that market. However, establishing connections with the locals can be a greater source of insight. It can also help test the waters to see if the business plan will work on a small scale, for example within a county or a community. Business plan writers in the UK can help in drafting a business plan in accordance with the UK market, that is suitable for the case officers, and the UK investors. They can help make your dreams come true.

What Is My Business Plan?

This may be one of the most important questions you will ask yourself, and then answer for potential investors. You must be fully aware of what your business plan is about. Most people have a vague idea in mind, and the business plan they end up developing is completely different to the vision originally explained through the idea.

In addition to thinking about every dimension of your business, you also need to put it onto paper which is one of the most difficult things to do if you do not have the skills and expertise. If you plan to open your business in the United Kingdom, then you need to be very specific about how you have targeted the UK market, the needs you have assessed, the research you have conducted, and how you have modified your products and services to appeal to the UK customers.

Should I Write The Business Plan On My Own?

As mentioned earlier, writing a business plan on your own is a difficult task if you do not have the skills and expertise. Moreover, you also need to be convincing so that your passion and dedication shines through. If you are planning to open a business in the UK, hiring business plan writers in the UK may be your best chance at getting the work done on time, with minimal distraction.

Business plan writers in the UK do not have the sole responsibility of writing up a business plan. Over the years, the profession has evolved, merging with business plan consultants to provide a complete service that includes so much more than just writing. Business plan writers now take care of the whole research and development process, which involves several meetings with you to discuss the views, strategy, objectives and other key areas that need to be focused on.

Therefore, if you are still considering whether to hire business plan writers in the UK or make the draft on your own, think carefully, keeping every aspect and your daily routine in mind.

How Can Business Plan Writers in the UK Help Me?

In addition to drafting a convincing narrative, here are the requirements that business plan writers in the UK can help you fulfill:

• Executive Summary
• Company Description
• Products and Services
• Marketing Plan
• Operations Plan
• Management and the Organization
• Personal Financial Statement (Savings/Current)
• Initial Expenses and Capitalization
• Financial Plan
• Appendices

Getting the Right UK Visa with Your Business Plan

• Tier 1 Entrepreneur Visa

If you are an entrepreneur and want to set up a business in the UK, a tier 1 entrepreneur visa will be the best fit. You will initially be able to come to the UK and live for a period of 3 years and 4 months. You can further extend this visa for 2 years. As a requirement, you must have more than £50,000 in investment funds from a UK governmental department or an FCA registered venture capital firm.

You can even apply for this visa if you have over £200,000 in personal savings, from third parties, or in a joint account with your spouse. In each case, you must provide a business plan along with other documents.

• Tier 1 Investor Visa

You can apply for this visa if you have over £200,000 in regulated financial institutions. You can settle after 2 or 3 years with this visa, however, you will need to invest £10 million and £5 million respectively.

• Other Visas
• Tier 1 Exceptional Talent Visa
• Tier 1 Graduate Entrepreneur Visa

A business plan consultant or an immigration consultant is in a better position to advise you regarding a visa that will suit your needs.

Our Recommendation

Although writing up your own business plan may seem like an easy task, that is far from the truth. There are many considerations that need to be kept in mind when drafting your business plan, and just having an idea of what you want your venture to look like is not sufficient. Hiring business plan writers in the UK from an experienced company is the way to go, as they not only write up a final plan for your business, but also take care of elements like research and development, while keeping cultural considerations and preferences in mind.

Tal Russ