Sohrab Vazir
Consultant | Founder | Global Citizen | Writer
3 Things to Consider Before Applying For the Innovator Founder Visa
Applying for the Innovator Founder visa requires thought and careful planning. Not only do you have to make your business a success, but you also have to adjust to living in a new country. None of the content in this article or website shall constitute immigration advice in any shape or form. For immigration queries, please refer to a regulated solicitor or an immigration advisor regulated by the OISC. Here are 3 things that you should keep in mind if you’re considering to apply for the UK’s Innovator Founder visa. Living expenses Aside from your business, you need to account for your living costs. Whilst this may seem obvious, the key point is long-term planning. You need to plan for several scenarios, several of which include: Planning carefully for this is essential and ensures there are no nasty surprises later on. Application, immigration & visa costs Aside from your business and personal expenses, there are other costs too. You must find out whether your endorsing body will charge you and if yes, how much. Depending on your circumstances, these costs can vary. Linguistic & cultural differences Again, this also depends on your circumstances. For some, this may not be an issue in the slightest. However, it may take time to get accustomed to cultural differences and different business practices. Therefore, it’s a good idea to learn about the UK’s business culture and everyday life if you’re unfamiliar. These are three obvious, yet underestimated, things to consider before applying for the Innovator Founder visa. If you need business assistance for your idea/company before applying for the Innovator Founder visa, then get in touch with me today or visit my page to find out more. 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.
5 Awesome Free SEO Tools
If your company relies on SEO in any shape or form, it’s good to be aware of the best and latest free SEO tools available. In this article I will look at 5 cool and effective SEO tools that are out there: Yoast SEO Yoast is a comprehensive SEO plugin. Personally, I listed it as the first one on the list due to my own personal experience with this tool. The key benefit of Yoast is that it helps you learn the foundations of both copywriting and keyword optimization in the context of SEO. Below is an example of how the Yoast SEO tool looks like (and yes, it’s my own dashboard). The only downside of Yoast is that it only works with WordPress, and is not supported by platforms such as Shopify. Yoast also offers both free and premium/paid versions so it’s suitable for all types of users. Even if you’re not planning on using WordPress, Yoast is still quite useful. Check out their free SEO lessons, which is ideal for beginners. Ahrefs Ahrefs is another comprehensive SEO tool. The first benefit is that it is not limited to a specific platform. Additionally, Ahrefs provides various features such as keyword research, and competitor analysis tools. The downside of Ahrefs is that it may be slightly expensive for small businesses or for freelancers. Nevertheless, it does offer some free features so it’s definitely worth keeping in mind among the SEO tools available. Google Search Console Google Search Console is a free and essential SEO tool, rather than a complimentary “add-on” solution. The key importance of Google Search Console is that it shows you exactly what people are searching for on Google. Primarily, it enables you to determine where and what your content is ranking for. Subsequently, you are able to use this data to optimise your content. Google Trends Google Trends is one of the tools that is very useful especially when it comes to SEO planning. It enables you to discover the popularity of specific search queries and/or subjects over a specific period of time. Seobility SEO is an extensive field consisting of both technical and non-technical aspects. Therefore, you should consistently monitor both. Seobility is one of the prominent SEO tools for auditing your website. Check it out here…….It’s completely free! 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 which I scaled to over 30 UK cities. I currently help other entrepreneurs and businesses of all size with the digital marketing strategy around SEO, copywriting, and content. For more info, please visit here.
The Link Between Immigration and Entrepreneurship: An Insight
Immigration and entrepreneurship are two seemingly distinct, yet interrelated, socio-economic phenomenons. The changing natures of commerce and human mobility continue to evolve per global trends and affairs. In this article, I will investigate the link between immigration and entrepreneurship. The other key objective is to identify the influencing factors of the connection between immigration and entrepreneurship. In doing so, I will first provide a brief historical outlook. Thereafter, I will evaluate the latter In light of the fundamental changes through technology and globalisation. Before proceeding further, it is beneficial to provide the readers with concise and separate historical overviews of immigration and entrepreneurship. This enables this research to: “Brief history on Immigration and Entrepreneurship” Immigration: historical & contextual outlook Migration theory Understanding the correlation between immigration and any other socioeconomic phenomena demands a comprehension of human mobility and displacement in a historical context. Immigration is a phenomenon that most of the global population is aware of in some shape or form. Besides, this is a trend that is unlikely to change in light of the anticipated prospective global migration landscape. Interestingly, the work of Rystad (1992), dated three decades ago, makes an exclusive reference to this argument. He states that global migration has to be regarded as a “permanent phenomenon” instead of a “temporary movement”. An interesting point that must be highlighted is that Rystad made this observation in 1992. Fast forward to over thirty years later and Rystad’s view continues to demonstrate its validity. Understanding a socioeconomic phenomenon such as migration demands an insight, however brief, into its existence through a historical lens. It is unfortunate that the limited scope of this article does not allow for a sufficient analysis of migration history. However, the work of Manning (2013) provides a useful starting point. He highlights several key important historical events of human migration as well as their outcome for both the migrants and their destinations. For instance, in an ancient historical context, Manning (2013) refers to the mass migration of the speakers of Indo-European languages to Iran (known as “Persia” by then) and India. The importance of this event is the substantial cultural change in their destinations as a result of migration. Furthermore, Manning’s work is highly relevant to this article as he categorises migration into four different types. He divides migration into the following categories: The fourth form of migration (cross-community) is perhaps the focal point of analysis. Nevertheless, it’s imperative to note that the author argues that most forms of migration have derived significant social, and technological changes in their destination communities (Manning, 2013; pp. 4-6). Why do people immigrate? Lastly, understanding the incentives behind migration allows for a better comprehension of the correlation between immigration and entrepreneurship. Therefore, I will refer to the work of Manning (2013; pp. 7-8) as in my view he offers a thorough categorisation of why humans migrate. According to the author, voluntary human migration may be motivated by the following four factors: From the aforementioned, it can be argued that, overall, improvement of circumstances, self-transformation and risk are common elements. What is entrepreneurship? Entrepreneurship is defined as: “the control and deployment of resources to create an innovative economic organisation (or network of organisations) for gain or growth under conditions of risk and uncertainty” (Dollinger, 2008; pp.9-10). The aforementioned presents an accurate description of entrepreneurship as it acknowledges several key components that form the philosophy of entrepreneurship. Thus, we may categorise its principal elements in the manner below: “Entrepreneurship is the control and deployment of resources to create an innovative economic organisation (or network of organisations) for gain or growth under conditions of risk and uncertainty” Dollinger, 2008 Analysis Background & author’s note Before proceeding to highlight external academic work and/or research, I would like to highlight a key point. Dollinger’s definition of entrepreneurship emphasises resources and risk. As the following sections of this research will focus on the “risk” element, there is a key gap in the existing literature. This gap is evident in the lack of reference to how migrant resources can be a driving factor in increasing migrant entrepreneurship rates. Per my personal experience, many migrants either have no resources (i.e. cash, liquid or physical assets) OR they have a fluidity of resources. For instance, prospective migrant is far more likely to convert their (physical) assets into cash for the purpose of immigration. The aforementioned demands extensive research and analysis which are beyond the limited scope of this research. Nonetheless, it is important to identify, acknowledge and further evaluate the “resource” factor of migration in the context of entrepreneurship. Immigration and entrepreneurship: the link As the starting point of this, I will begin the analysis with a Harvard Business Review article by Vandor (2021). Vandor adopts the stance that immigrants are overall more entrepreneurial and more likely to start businesses. His work is valuable to this research as he draws his hypothesis using several studies. Moreover, he also examines the personal factors surrounding individual migrants. Thus, the aforementioned facilitate a better understanding of the link between employability and entrepreneurship. First and foremost, it is useful to consider some studies concerning migrant entrepreneurship; notable statistics include: In a theoretical context, it was previously stated that “risk” is a mutual factor between pursuing entrepreneurship and migration. The statistics above also further support the idea that a direct link between entrepreneurship and migration is present. However, establishing the latter also begs the question of “how” they are relevant. Perhaps this is the vulnerability of the existing literature surrounding this topic. This is evident in Vandor’s rationale behind the link in question, as well as highlighting the differing viewpoints. In reference to existing research, Vandor (2021) refers to issues such as employment discrimination and adverse policy effects. However, through a study conducted by himself, Vandor argues that the inclination to pursue either entrepreneurship and the decision to migrate share a common factor. This mutual element is the willingness to take risks. Remarks As stated earlier, the scope of this research is…
5 Reasons Why Your Website is Failing You
Are you struggling with lead conversion or a consistently high bounce rate? The issue could be your website and today I’ll share 5 reasons why your website may not be generating results (and what to do about it). Success requires a thorough awareness of where you need to improve. Understanding your website’s issues is the first important step towards better numbers and UX. So, here are 5 areas of potential improvement: Okay so let’s start with an obvious one. If your website’s design is old, too basic or simply visually unappealing, it will take a toll on your conversions. Yes, you could get away with this in the 2000s or even early 2010s. However, with all the tools available today, there’s no excuse for bad design. Solution There are so many design options available that require minimal technical skills. Nonetheless, this is mostly the case if you only require basic functionalities. If you do not require a complex website, Content Management Systems (CMS) are probably your best shot. The most popular example is WordPress. It offers so many different templates. Check Themeforest to get started. Well, I probably don’t need to write too much about this one. We all hate slow computers and websites. In many cases, speed is the primary reason why websites are inadequate. There could be various reasons for this one, and it could get technical depending on how your website is made. Solution As a first step, run a speed test on Google’s free tool: PageSpeed Insights. This tool informs you of the steps you can take to improve your website’s speed. The solutions depend on your website, your technical skills and whether you have a developer or not. The font that you use makes a tremendous difference to the overall feel & UX. Solution Make sure you invest a substantial amount of time and attention to the font that you will use. This is applicable whether you are manually adding a font or purchasing a pre-made template. As well as UX and aesthetics, what your website contains is the ultimate factor. Content is what will keep your user engaged. It also determines whether they will take the next steps on your website. Thus, whether it’s from an SEO or a user retention perspective, your content is imperative. Solution Ask yourself the following questions: If you need help with content creation, especially for SEO, then contact me for help! The majority of users in many sectors visit websites on their phones. It’s so important to take an active approach in optimising your website for mobile use. Hopefully this article should give you an idea as to how you could improve your website . In this day and age, your website is essentially the front office of your business. Therefore, you are losing potential customers If it does not create a positive user experience. If you’d like help with your digital strategy, I’m a business consultant with over 6 years of experience in digital enterprise. Find out more about my services here! 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 which I scaled to over 30 UK cities. I currently help other entrepreneurs and businesses of all size with the digital marketing strategy around SEO, copywriting and content. For more info, please visit here.
My Experience of the UK Business Visa System
If you’re considering a UK business visa, learning about other people’s experiences is helpful. For those unfamiliar with me or my work: I started my business in the UK as a 22-year-old international graduate on a business visa. After successful extensions and further UK business visas, I obtained permanent residency in the UK (Indefinite Leave to Remain). This was all through my initial business: StudyFlats. Firstly, allow me to elaborate that this is the old visa system and many aspects of this article may not be relevant today. Nor is this any form of immigration advice and it is solely my personal experience. I received two endorsements from Newcastle University for the Tier 1 Graduate Entrepreneur Visa (the former version of the current Start-Up Visa). I subsequently obtained a Tier 1 Entrepreneur Visa (T1E). The latter was the former version of the current Innovator Visa), although with different requirements. As part of the T1E visa extension requirements, the two below were the primary; Whilst they may seem relatively straightforward (though demanding), it was, in fact, quite the opposite. The manner in which the two requirements above were required to be demonstrated to the Home Office was quite complicated. For instance, your proof of investment or job creation would not be acceptable via bank statements/payment proof alone. I was required to enrol my staff on PAYE (provided by HMRC). Plus, the investment proof was subject to stringent requirements. The investment aspect on whether the money was invested via share capital or director’s loan. Below are just “some” examples of the concerns that I had; As stated, I received two endorsements from Newcastle University for my start-up, StudyFlats. Generally speaking, the process of obtaining endorsements can be long and complex. However, it is difficult to define a universal set of problems on this note. This is because endorsing institutions each have their own requirements. This is the case even under the current UK business visa system. This was very confusing and strict to adhere to. One example was when I wanted to rent an office space (as remote working was not yet the norm in 2019). I discovered that, by law, each person is entitled to a minimum space of 11 cubic metres. As I in fact was employing 4 people (instead of 2), this required plenty of time and consideration. Read more about this on the Health & Safety Executive (HSE). As mentioned earlier, the investment aspect itself was quite tricky. An example of this was that the director’s remuneration could not be counted as an investment. Moreover, deciding an investment structure (share capital vs. director’s loan) could have future ramifications if StudyFlats were to raise investment. Employing staff as a solo founder/director is tricky enough. Combine the latter with strict immigration requirements and the degree of complexity is limitless. This is particularly with strict employment laws being in force. Tip: there are lots of “P” forms that you will need to learn about. Therefore, I suggest cracking on with pre-emptive research if you’re planning to recruit staff. Last, but certainly not least, the biggest struggle was just managing and growing the company. Do a simple search about entrepreneurship challenges and you will come across SO much material, and perhaps millions of problems. Entrepreneurship is a tough journey. However, it can be extremely difficult when pursued in the business framework. This is not to discourage founders. If you have a viable idea/business that you believe in, you will overcome the challenges. If I could do it, then so can you! In short, UK business visas can be complex….. However, with the right mindset, management and direction you can overcome the complexity. As stated, the current UK business visa system does substantially differ from the Tier 1 Entrepreneur route. Need help with a UK business visa endorsement? As you have probably seen through my countless disclaimers (another aspect of being an entrepreneur in the UK), I am not an immigration advisor. However, I am a business consultant who can help you map the right idea and also help with your business planning. Better business planning and awareness will maximise your chance of getting an endorsement. And that’s why I’m here! Get in touch with me today for a free 1:1 introductory call. 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 which I scaled to over 30 UK cities. I currently help other entrepreneurs and businesses of all size with the digital marketing strategy around SEO, copywriting and content. For more info, please visit here.
The Importance of the Innovator Founder Visa Business Plan
*Disclaimer: None of the content in this article, or this website, constitutes any form of immigration advice whatsoever. The material in relation to immigration on this website is solely “signposting”. Readers are encouraged to seek advice from a qualified advisor using the OISC’s website. Any opinions expressed on this website are those of the author and of a business nature, nor do they constitute any form of advice.* So you’re considering entrepreneurship in the UK, you may be wondering just how important the Innovator Founder visa business plan is. Now, before we go into the visa part, I have to state that common sense indicates that most viable businesses have a business plan. Going abroad is normally an experience that most people wouldn’t consider “easy”. Likewise, starting your own business, whether as an immigrant or native, is hardly an easy task. When you combine the two and seek to be an immigrant entrepreneur, you have many challenges ahead of you. Therefore, it’s really important to ensure you take adequate measures to get the first step right: your visa. In this article, I will be specifically talking about the Innovator Founder visa business plan, and why it’s key to get it right. So let’s go into why the business plan is vital for your Innovator Founder visa. I will also highlight some other reasons why you should have a solid business plan. The Innovator Founder visa business plan is necessary for endorsement According to UKVI, (the UK Home Office department responsible for visa applications), obtaining an Innovator Founder visa requires you to have the support of an “endorsing body”. As my consultancy has a key focus on Innovator Founder visa business plans, I have thoroughly researched these bodies. To save you the effort, I can inform you that basically, all these bodies will require a business plan (at a minimum). Therefore, you need an Innovator Founder visa business plan to be able to obtain an endorsement. Business viability and scalability As discussed above, your business plan is a key requirement for obtaining an Innovator Founder visa endorsement. Before starting a business, you need to ensure that your product or service will have viability and that there will be demand for your offering. Ket factors The process of writing a business plan involves researching various elements. These include (but are not limited to) the following: Without any validating research, your business idea is just the latter: an idea, based on assumptions. Conducting the research and drafting a business plan helps you validate those assumptions. Of course, any business is a risk. However, pursuing a business that is backed by research and market need makes it a calculated risk. Business plans are essential for funding And lastly, if you intend to raise funding from any type of investor, you will need a business plan. Plus, it’s noteworthy that you need a solid (and defensible) one. This article highlighted a number of key points with regard to the importance of an innovator founder visa business plan. If you wish to learn more, or need help with getting started on the business plan, contact me for more information. Find out more about my services for Innovator Founder visa business applicants HERE. 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.
The Realities of Being a Foreign Entrepreneur
In today’s globalized world, being a foreign entrepreneur is becoming an increasingly popular phenomenon. Subsequently, there’s a growing body of academic and non-academic material revolving around migrant entrepreneurship. In this article, I’ll seek to highlight a number of realities about being a foreign entrepreneur, building on my personal experience. Firstly, allow me to state that being a foreign entrepreneur is not “all sunshine and rainbows” (as the famous Rocky Balboa once said). It carries an enormous amount of risk and can be a quite dark life path (anybody who says otherwise either lacks the knowledge or is lying to you). My purpose in writing this guide is to provide you with a “no BS” and informative piece of advice that can hopefully enable you to consider every aspect of this journey before embarking on it. There’s a good chance your mental health will suffer Let’s face it: there’s a reason why the majority of people don’t start their own businesses. First and foremost, there’s a huge amount of risk involved with no guarantee for any return. This factor alone is enough to make entrepreneurship a non-option for most. But assuming that you’ll proceed regardless of the aforementioned, the constant risk and uncertainty are bound to affect your mental health. Immigration rules can be rigid This is a broad observation, and it highly depends on the country that you migrate to. Nevertheless, you’ll be bound by some form of immigration legislation, and may have to meet specific milestones for extending your stay in the host country. As mentioned earlier, entrepreneurship is unpredictable in itself, let alone having to meet pre-defined goals. The worse part is that you may invest time and money, and still not meet those objectives. Not only are you jeopardizing your most valuable assets, time and money, but you may even have to leave the place that you deemed to be your new home (worst-case scenario, of course). Of course, as I mentioned, this is objective given that different countries have varying rules around their entrepreneur/startup visas. Personally, I went through the foreign entrepreneur journey via the UK’s former Tier 1 GE and Entrepreneur visas, and “easy” is not a word I would use to describe that path. Prepare for (a lot of) rejections I am generally under the assumption that most people associate rejection with employment applications, or their social and romantic lives. Hence, let me elaborate: it’s highly likely that you will have to endure a considerable amount of rejections. Whether it’s from prospective clients, customers, or funders such as VCs and angel investors, you will need to be ready for it. You may face a scarcity of resources Being a migrant may limit some of the business resources that are available to you. For instance, a native person may have access to business loans made available by banks. However, the same option may be unavailable to you due to you having a time limit on your stay. Again, this is a general and objective observation. It is best practice to be prepared for minimal resources and emphasize self-sufficiency. You may be seen as a “cash cow” This is something which I personally experienced in the early days, and it did irritate me a great deal. It was perhaps partly true, as I did invest a substantial amount of money in order to obtain my visa. But the unsettling aspect was the sense of exploitation that I felt when I sought to outsource the company’s projects. To give you an example: I started my company, StudyFlats, as a solo non-technical founder. As I had no idea how websites worked, I obtained some quotes for the website to be coded. Some of these quotes were in the region of tens of 1000s of pounds, for a simple WordPress website. Needless to say, I eventually did it myself at a cost of ÂŁ300. This is just one instance to demonstrate how fast you’ll lose your money if you lack the right skills and knowledge. Being a foreign entrepreneur is a life-changing experience Lastly, I will say that being a migrant entrepreneur is an experience that will shift your perspective and life direction indefinitely. Once you overcome the obstacles and grow your concept, you will realize your true competencies as a person, which you may have never imagined. I hope this guide has given you an idea about what to expect in the bittersweet journey of migrant entrepreneurship. If you require any consultation from someone who’s been there and done it before, ping me for a chat here. About My name is Sohrab Vazir. I’m a UK-based entrepreneur and business consultant. At the age of 22, 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.
The 5 Main Reasons Why Startups Fail
Why startups fail is not a new question, given that the majority of startups fail within the first three years. When launching a startup, there are many things to take into account. There are so many factors that may either help your company grow or cause it to fail. Many assume that launching a business means you’ll almost certainly succeed. In reality, failure is something that is more common than most people think. According to Statista, the failure rate for startups stands at 67% within the first 5 years after they are launched. When they fail, it’s often because of one of these five factors. Let’s take a look at why startups fail and how you can avoid falling into the same traps when launching yours. 1. Poor Timing The first reason startups fail is poor timing. Timing is important in any business venture, but it’s especially critical for startups. If you launch your new business at the wrong time, you may find that there is not sufficient demand for your product or service. This can spell disaster for your business in the long term. This can happen for a variety of reasons. First, the market may have changed since you first came up with your idea. If you are launching a tech-based product but the industry has recently undergone a major shift, your product may already be outdated. Second, your customers may not be ready for your product or service. You may have a great idea, but if people don’t need it or can’t use it yet, it won’t be successful. You have to make sure the timing is right before you launch. Third, you may be entering a highly competitive market. If you are trying to launch a new product or service but there are already similar offerings out there, you may experience difficulty getting customers to choose yours. 2. Lack of a viable product Another very common reason for startup failure is the lack of a viable product or service solution. Many entrepreneurs are so excited about their ideas that they don’t ensure the viability of their offering. They rush to get the product into the market as quickly as possible in order to start reaping the benefits of their hard work. First and foremost, ensure that you’re actually solving a real problem. Second, make sure that your product is high quality. You have to be sure that it lasts as long as possible, and that it solves the issue it’s designed to resolve. If your product is low quality and you don’t do anything to resolve the problem, your business will quickly flounder. Customers will be dissatisfied with your product, and they will likely stop purchasing it altogether (should it get to that stage). At that point, it’s highly unlikely that you’ll be able to keep your business afloat. 3. Bad marketing Another reason why startups fail is incorrect marketing. Sadly, a lot of the time, it’s a case of “not what you say, but how you say it”. This happens when a business is marketing the wrong product or has an ineffective marketing strategy. If you are marketing a product or service that no one wants, it won’t help you get new customers. It will only serve to annoy the ones you already have. If you are marketing your product ineffectively, you won’t reach your target audience and you won’t be able to reach them effectively. You have to ensure that your marketing methods are reaching the right people. 4. Poor internal dynamics Another reason why startups fail is that the founding team members are not compatible with each other. If the founding team members aren’t able to work together productively, if they don’t have the right skills, or if they don’t have sufficient chemistry, the business is at risk of failure. Moreover, if there is a case of conflicting personalities, it’s bound to affect productivity. You have to be sure that you are choosing the right people to work with you. At the same time, it’s imperative to ensure that you are choosing partners who appreciate your skills and who can work well with you. If your team members aren’t able to work well with each other, they are unlikely to be able to solve problems and they won’t be able to work toward the same goals as a team. 5. Networking Finally, another reason why startups fail is because of network issues. A lot of startups rely on investors and lenders to help them get up and running. In some cases, they may also rely on partnerships and alliances with other businesses. If you are dealing with a lender or an investor who is disorganised and unreliable, you may find that you don’t get the funding that you need. If you are dealing with a lender or an investor who is dishonest, you may find yourself in serious financial trouble. Similarly, If you are partnering with another business, you have to make sure that you are working with reliable partners. You have to ensure that you are able to work with them effectively and that you are compatible. Hopefully, by now you have a better idea of some of that factors that can contribute to the failure of a startup. If you’re launching your own company, or thinking about doing so, check out what I have on offer 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 which I scaled to over 30 UK cities. I currently help other entrepreneurs and businesses of all size with the digital marketing strategy around SEO, copywriting and content. For more info, please visit here.
How to Come Up with a Business Idea
Starting your own business can be an exciting but daunting prospect, and many would-be entrepreneurs never make it past the idea stage. If you’re stuck in this rut, you’re not alone—this happens to plenty of people who have great ideas but don’t know how to turn them into profitable businesses. Luckily, there are plenty of ways to get past this hurdle so you can start actually taking steps toward turning your business idea into the next big thing on the business scene. Avoid the Biggest Pitfalls There are many pitfalls that entrepreneurs encounter when they start out. One is not having adequate funding. It’s difficult to get financing if you don’t have customers, and it’s almost impossible to pay for overhead when your business isn’t generating revenue. Understand What You Like Doing If you’re having trouble coming up with business ideas, try sitting down and really thinking about what you enjoy doing. Don’t worry about whether or not it will be profitable—just think about what is enjoyable. Know What You Don’t Like Doing If you’re searching for business ideas, look around your life and see what you do that you don’t like doing. This can be both professional and personal. Make an Effort Not to Get Stuck in The Middle If you try to please everyone, you won’t end up pleasing anyone. Make sure your idea falls in line with your passions and skills. Can I Do it As A Side Hustle? Don’t worry If you’re interested in turning your passion into a business but aren’t sure if it’s feasible to do as a side hustle. Build A List A great way to come up with business ideas is by thinking about problems you encounter regularly and brainstorming solutions. What’s something you hate doing? What takes too long? What could be easier or more efficient? Narrow It Down To One Idea (or Two) This is an important step, because having too many ideas can lead you down too many paths and you’ll never complete anything. Instead, try focusing on one idea that has promise and see where it takes you. If another good idea comes along later, you can always come back to it or pursue multiple projects at once. But don’t let yourself get bogged down in too many options. The less time you spend trying to decide what to do next, the more time you have for doing something. If you need help coming up with a business idea, get in touch today. 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. As a solo founder, I grew my business to 30+ UK cities, with a global client base across 100+ countries. Following the Pandemic killing my precious work/business, I now transfer my knowledge to other entrepreneurs.
The Challenges of Being an Immigrant Entrepreneur
Starting a business as an immigrant entrepreneur can be challenging. There are many uncertainties along the way that might make it difficult to take the leap and start your own business. In this article, I’ll explore some of the challenges you may encounter when starting your own business abroad as an expat, and what you can do to ease the process! The hardships of being an immigrant entrepreneur Starting your own business is hard enough, but add in the challenges of being an immigrant entrepreneur and it can seem downright impossible. From finding the right visa to accessing capital, there are a number of unique hurdles you’ll need to overcome. But don’t despair – with careful planning and a bit of tenacity, you can make your migrant entrepreneurship dream a reality. Here are some of the challenges you may face, and how to overcome them. One of the first challenges you’ll face as a migrant entrepreneur is finding the correct visa. Depending on your country of origin and destination, there may be a number of different visas available to you. However, not all visas will allow you to start your own business – so it’s important to do your research before making any decisions. Once you’ve found the right visa, the next hurdle is accessing capital. Without the right financial backing (though the amount varies depending on the destination), it can be difficult to get your business off the ground. You may need to consider alternative financing options such as crowdfunding or small business loans. Another potential challenge is language barriers. If you’re not fluent in the language of your destination country, it can be difficult to communicate with potential customers or partners. The Road to Success As a migrant entrepreneur, you will face many obstacles on the road to success. But, with hard work and determination, you can overcome these obstacles and achieve your goals. One of the biggest challenges you will face is finding funding for your business. Many banks and investors are reluctant to lend money to immigrant entrepreneurs because they perceive them as high-risk. However, there are a number of organisations that provide loans and other financial assistance to immigrant entrepreneurs. Another option is to raise funds through crowdfunding platforms such as Crowdfunder. You will also need to deal with visa and immigration issues. This can be a complex and time-consuming process, but it is essential to ensure that you have the right to live and work in your chosen country. Another challenge you may face is cultural differences. This can be a barrier to networking and building relationships with potential customers and clients. It is important to research the culture of your target market and adapt your communication style accordingly. Despite the challenges, being a immigrant entrepreneur can be a very rewarding experience. You will have the opportunity to build something from scratch, create jobs, and make a positive impact in your community. With dedication and perseverance, you can achieve success as an expat entrepreneur. End of the Challenge As an immigrant entrepreneur, you may have faced many challenges along the way. But don’t give up! You can overcome these challenges and be successful in your venture. Here are some tips to help you end the challenge: 1. Stay positive and motivated It can be easy to feel defeated when you’re facing difficulties, but it’s important to stay positive and keep going. Remember why you started your business and what your goals are. This will help you push through the tough times. 2. Seek advice and support There’s no need to go through the challenges alone. Seek out advice and support from family, friends, mentors, or other entrepreneurs. They can offer valuable insights and help you find solutions to the problems you’re facing. 3. Be persistent Success seldom comes easy, so it’s important to be persistent in pursuing your goals. Don’t give up when things get tough. If you keep working hard, you will eventually achieve your objectives. If you’re seeking help with setting up your business abroad and require consultancy, check out my services or contact me to find out how I can help! 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.