Tag Archives: Business Idea

Starting a business in the UK: 3 things to do

cover photo for article about starting a business in the UK

Thinking of starting a business in the UK? There are various things to consider and plan for when you decide to pursue your own venture. However, sometimes the most basic aspects can be confusing. This is especially true if it’s your first time starting a business in the UK. In this article, I will highlight 3 basic steps that you need to take if you wish to start up in the UK.  In contrast to many other countries, starting a business in the UK is relatively straightforward. Although, it is advisable to seek professional advice if you are uncertain about any of the points covered in this article. Determine your business structure  There are various ways in which you can start a business in the UK.  The most common forms are either: Each of the abovestated have their own procedures, advantages and disadvantages.  Choose a business name This is an obvious, yet somehow overlooked one. And believe me: it can be notoriously difficult to choose the right business name in today’s world. Additionally, your business name can often make or break your business.  There are two key sources that you should check to see if your proposed business name is available. These are: Companies House Use the company register by Companies House to check whether there are any existing UK companies with your proposed business name. UK Intellectual Property Office (UKIPO) Once you have ensured that there are no companies with a name similar or identical to yours, then you must check for Trade Marks.  Legally, trade marks have much more weight. The key factor to consider here is trade mark classes, and identifying those that apply to your business in the UK.  This guide, prepared by the UK Government, provides a useful guide to UK trade marks. Choose a business bank account  It is important to do your research and identify the best banking solution for your business.  Starting a business in the UK does give you several options in terms of banks. This is especially true with the emergence of the new “challenger” banks such as Monzo.  Choosing the best bank for your UK business is dependent on the particular circumstances concerning your business. Some relevant factors to consider are: If you need help with starting a business in the UK, get in touch with me today. My service is cost-efficient, tailored and friendly.  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.

Startup Visa Business Ideas: 3 Simple Steps to Get Started

cover photo for article about how to come up with startup visa business ideas written by Sohrab Vazir

Are you thinking about your next step and exploring startup visa business ideas? Every successful venture starts off with an idea. Thus, the right business idea is the seed of future success.  In this article, I want to help you get started with exploring startup visa business ideas. This article is essentially a “how to” guide for aspiring migrant founders.  Brief intro about me: I moved to the UK when I was 17 on a student visa. Following the completion of my master’s degree at Newcastle University, I founded my own startup.  My venture, StudyFlats, simplifies renting for students going abroad. It was built upon my own experience of being an international student in the UK. I scaled this business to over 30 UK cities and also obtained Settlement in the UK via the former Entrepreneur Visa scheme.  Therefore, I’ve been there! And in this guide, I will hopefully make your life easier as a founder. Believe it or not, exploring startup ideas mainly requires common sense. Some of the largest companies in the world such as Uber are built on relatively simple concepts. Here are the steps you should take to come up with startup visa business ideas: Find a personal “pain” point Ask yourself the following questions: Starting off with things that are personally inconvenient in your life is a great first step in exploring startup visa business ideas. What are you personally skilled at? What is your passion? Do you possess a specific skill set or competence in a specialist area? Moreover, this could also be a particular life experience (e.g. going abroad). As a matter of principle, it’s essential for a founder to know the associated industry of their prospective venture. Therefore, an area in which you are already competent is a great starting point.  For example: as an international student, I realised that there were no accommodation websites for overseas students. My proposed solution was a website that targeted international students before they moved to the UK.   The key point here is that I knew my industry / international students because I was one myself.  Startup visa business ideas relevant to the host market Finally, another important point to keep in mind is how relevant and applicable your idea is to the target destination.  In this step, ask yourself these questions: Hopefully, these tips will help you in your discovery of startup visa business ideas and ultimately pursue the right one. Need help? Get in touch with me today or click here to find out more about my Startup and Innovator visa business consultancy.  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.

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