Preparing an immigration business plan can be a tedious and stressful task. There are many things to consider when starting a business, and each must be reflected in the business plan. This is not exclusive to immigration business plans, but any form of business plan. Moreover, preparing an immigration business plan is separate from being a competent entrepreneur. This is precisely where a business consultant such as myself comes in. In this article, I aim to highlight 3 things to prioritise when preparing an immigration business plan. These are applicable irrespective of whether you writing the plan yourself or working with a consultant/business plan writer.

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So before discussing the key points, let’s evaluate why writing an immigration business plan can get tricky.

As I said earlier, you may be a skilled entrepreneur and have a viable business proposition. However, the issue can sometimes be in communicating that proposition in the best way possible. For example, a business plan may be far better when written with native-level fluency and using visual elements. 

The many factors that are inherent to a business plan require clear articulation above all. Let’s face it: First impressions are instrumental in outcomes. And your business plan is the opportunity to make that first “professional” impression. 

With this in mind, now let’s take a look at 3 key things to consider when preparing a business plan.

1. Problem & Solution 

Problem & solution are the key introductory elements of your business plan. Moreover, they also include an overview of what your product or service is. 

Ensure to clearly emphasise the following:

• What the problem is
• Who does it affect?
• How do you solve it?

It is important to be thorough yet clear with this part. By “clear” I am referring to simple, graspable and non-technical language. 

In summary, focus on clearly communicating the problem you solve and how you do so.

2. Numbers, numbers, numbers…..

Please take this lesson from me as an entrepreneur who has been on both sides of the spectrum: “Cash is king”. 

Cash flow is the bloodline of every business. Unless you are a charity, non-profit or similar organisation, your goal is to make money. 

Interestingly, many founders over-focus on other aspects such as their product instead of prioritising how they will manage their company’s cash flow and revenue stream.

To keep it short:

• Know your numbers, in and out
• Have a Plan B (& C) for as many scenarios as possible 

3. Use visual elements in an immigration business plan

Nobody wants to read large chunks of paragraphs in a 20-50 page-long document. Utilise the power of visual elements to create an engaging immigration business plan.

These can include charts, bars, graphs and much more. 

These are 3 things to keep in mind when preparing an immigration business plan. If you need assistance with writing yours, get in touch with me today. 

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About My name is Sohrab Vazir. I’m a UK-based entrepreneur and business consultant. At the age of 22, and while I was an international student (graduate), I started my own Property Technology (PropTech) business, StudyFlats.I did so by obtaining an endorsement from Newcastle University under the Tier 1 Graduate Entrepreneur Scheme (similar to the current Start-Up Visa). Subsequently, I obtained a further 3-year Tier 1 Entrepreneur Visa (which was replaced by the Innovator Visa). I grew my business to over 30 UK cities, and a team of four, and also obtained my Indefinite Leave to Remain (Settlement) in the UK. I now help other migrant entrepreneurs, such as myself, with their businesses, and mainly with obtaining endorsements from the endorsing bodies.