Sohrab Vazir
Consultant | Founder | Global Citizen | Writer
Tag Archives: Innovator Founder Visa Endorsement
UK Innovator Founder Visa Guidance
The Innovator Founder Visa UK program is a significant opportunity for international entrepreneurs seeking to start or scale a business in the United Kingdom. Designed to attract highly skilled innovators, this visa replaces the earlier Innovator Visa and Start-Up Visa. In this guide, I’ll provide guidance regarding the essentials of the Innovator Founder Visa UK, including eligibility criteria, benefits, and application steps. None of the content in this article constitutes immigration advice in any shape or form and serves as general information What is the UK Innovator Founder Visa? The Innovator Founder Visa is tailored for entrepreneurs with innovative, viable, and scalable business ideas. Unlike the predecessor program, it does not require applicants to have a minimum investment amount, provided their business concept meets the program’s criteria. This change has made the visa more accessible to a wider range of entrepreneurs with fresh ideas and limited capital. Key Benefits of the Innovator Founder Visa Eligibility Criteria for the Innovator Founder Visa UK To qualify for the visa, you must meet the following requirements: 1. Innovative Business Idea 2. Endorsement 3. Proficiency in English 4. Financial Maintenance Application Process for the UK Innovator Founder Visa Step 1: Develop Your Business Plan Craft a comprehensive business plan that demonstrates how your idea is innovative, viable, and scalable. Highlight market research, financial projections, and the problem your business solves. If you require help with your business, see this page for the range of assistance that I provide. Step 2: Secure Endorsement Contact an endorsing body to review your business plan. If approved, they will provide an endorsement letter required for your visa application. Step 3: Prepare Your Application Gather necessary documents, including: Step 4: Submit the Application Apply online through the UK government’s visa portal. The processing time typically ranges from 3 to 8 weeks. Step 5: Move to the UK Once approved, you can relocate to the UK and begin working on your business. Challenges and Tips for Success Tip: Seek Expert Advice Navigating the Innovator Founder Visa process can be complex. Engaging a business consultant or immigration specialist can significantly increase your chances of success. Frequently Asked Questions 1. Can I extend my Innovator Founder Visa?Yes, the visa can be extended for additional three-year periods, provided you continue to meet the criteria. 2. Is this visa suitable for startups?Absolutely. The visa is ideal for startups and early-stage businesses with high growth potential. 3. Can I switch to this visa from within the UK?Yes, switching is possible if you are already on a qualifying visa. Conclusion The Innovator Founder Visa UK is a golden opportunity for global entrepreneurs looking to establish innovative businesses in the United Kingdom. With its focus on innovation and flexibility, it opens doors to a thriving startup ecosystem and long-term residency. Whether you’re a seasoned entrepreneur or a visionary with a groundbreaking idea, this visa can be your gateway to success in the UK. If you’re considering applying, start by refining your business idea and reaching out to endorsing bodies for support. With the right approach, the UK could be the perfect destination to turn your entrepreneurial dreams into reality. Need Help? I offer a range of business consultancy and assistance services to international entrepreneurs. Additionally I can refer you to a regulated immigration advisor for your immigration queries. 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. 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.
Innovator Founder Visa Changing?
Many wonder whether the current Innovator Founder Visa policy will change under the new Labour government in the UK. This is a question that only time will answer. However, I will outline some areas where change ought to be made. These proposed changes will ensure that the Innovator Founder Visa policy is robust and creates an attractive entrepreneurial ecosystem for international entrepreneurs. None of the content in this article, website, or my services constitute immigration advice or services. This content is presented as general information and on the basis of personal opinion. For immigration assistance, please refer to a regulated solicitor or immigration advisor. Before I highlight the potential areas of change to the Innovator Founder Visa regime, let me briefly describe this visa. I previously wrote an article and made a video on the flaws of the Innovator Founder visa policy, which you can read here. What is the Innovator Founder Visa? The Innovator Founder Visa is an immigration pathway designed for international entrepreneurs who may wish to set up an innovative business in the UK. Please refer to the UK Government website for full information about this visa. How should the Innovator Founder Visa policy change? There are several areas in which the Innovator Founder policy ought to change. An overview of the changes that I deem to be beneficial are: Let’s look at each one in more detail: Innovation One of the common issues I have observed since the launch of this visa is the innovation requirement and its interpretation. The “issue” with this requirement is that no specific factor determines innovation. For instance, patentability / Intellectual Property (IP), and no trade marks do not fall under this category. However, the problem with setting this as an absolute requirement is that many businesses, despite being innovative, cannot obtain patents. Thus, this would exclude a considerable number of founders and their businesses. Although this is a common problem, there is no clear fix either. Currently, determining innovation is subjective and up to each Endorsing Body to determine. Visa Fees This is sadly a problem that many founders are unhappy about. There are several costs associated with this visa, which are: With the first cost, the Endorsing Bodies have to charge applicants as this fee enables them to sustain their operations. However, the visa processing fee, payable to the UK government can be lowered. This is especially true when looking at other countries such as the Netherlands, where a similar visa costs around €380, in contrast to £1,191 for this visa. However, it is important to state that the Dutch self-employment visa only lasts for one year and has to be renewed. Nevertheless, given the lower number of applicants for the Innovator Founder Visa, in contrast to other visa routes such as the Skilled Worker pathway, it is sensible to consider lowering this fee. The Endorsing Bodies Firstly, allow me to clarify that this is not to criticise the current Endorsing Bodies. However, I believe that a higher number of Endorsing Bodies means more options for founders and additional sector-specific expertise. However, a potential issue that may arise from increasing the number of Endorsing Bodies is a potential conflict of interest between them. But looking at other countries such as Canada, we notice that applicants have more choices when it comes to third-party approval. With Canada in particular, founders have the option to either raise investment from VCs, or angel investors or enrol in incubation programs (but they do come with a cost). These are some of the areas in which the Innovator Founder visa policy may be reviewed and potentially changed. I have made a video on this topic as well, which you can view below: If you require business assistance as an international founder, have a look at my services designed for founders wishing to set up a business in the UK. 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. Subsequently, I obtained a further 3-year Tier 1 Entrepreneur Visa (replaced by the Innovator Founder 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.
Innovator Founder Visa Rejection | 4 reasons
None of the content in this article, website, or my services constitute immigration advice or services. This content is presented as general information and on the basis of personal opinion. For immigration assistance, please refer to a regulated solicitor or immigration advisor. The risk of an Innovator Founder visa rejection is on the rise. This is not a surprise as the new visa, in contrast to the former Innovator visa, now permits applicants to engage in paid employment. As such, this has led to increased interest and demand for the Innovator Founder visa. In addition to increased demand, the current Innovator Founder visa can only be endorsed by 4 Endorsing Bodies, a far smaller number than the previous visa. As a business consultant working with international entrepreneurs, I have come across Innovator Founder visa rejection cases that relate to the endorsement stage. Moreover, I have also actively monitored the Innovator Founder visa’s rejections. These are 3 common reasons why your Innovator Founder visa endorsement application may be rejected. 1. Your idea is not innovative As you may be aware, there are 3 key factors that Endorsing Bodies assess when considering endorsement applications, which are: Let’s talk about the innovation aspect first. Technically speaking, your idea/business should: 2. Your business is not viable Notice that I did not use the word “idea” in the heading above? The “viability” aspect refers to “you”, the founder/founding team. The core requirement is whether you have the skills and competencies to start and scale the business or not. Thus, factors such as your professional experience or qualifications will be relevant. 3. Your idea is not scalable Put simply: what is the vision for your business? How far will it go? How much money will it make? You may have a unique concept and have the personal skills to launch the business, but how big will the business get? If your business cannot scale nationally or internationally, it may be one of the reasons for a rejection of your Innovator Founder visa endorsement. 4. You bought a bad Innovator Founder visa business plan I write business plans for my clients (up to a limit, as they take a lot of time and I write each plan myself). Therefore, I am aware that many founders will seek the help of external parties for their business plan. Sadly, the market is now full of business plan writers who simply either use ChatGPT, or hire people with no experience in business to write a low-quality plan. This is why I have introduced a service to coach and mentor founder to writer their own business plan. I understand that for some, it may be necessary to have somebody else communicate their business. However, writing your own business plan will give you more confidence in presenting it, and it will also improve several skills such as writing and design. And do not worry, I will help you with ALL of that. These are some common reasons behind an Innovator Founder Visa rejection at the endorsement stage. Remember, do not trust every company or person to be in charge of your business ideas and endorsement application, unless you can verify their credentials. Even then, you should make sure that you are aware of every aspect and stage of the business plan whilst it is written. Need help with the Innovator Founder visa endorsement? Check out my services, designed specifically for founders like you. 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. Subsequently, I obtained a further 3-year Tier 1 Entrepreneur Visa (replaced by the Innovator Founder 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.
What you should NOT do when writing an Innovator Founder visa business plan
None of the content in this article, website, or my services constitute immigration advice or services. This content is presented as general information and on the basis of personal opinion. For immigration assistance, please refer to a regulated solicitor or immigration advisor. Writing an Innovator Founder visa business plan can be challenging. That’s one of the reasons why many international founders opt to work with me on their Innovator Founder visa business plan. If you plan to apply for the Innovator Founder visa, you must prepare a business plan. I have previously written an article about how to create an Innovator Founder visa business plan. In this article, I want to share some tips on writing an Innovator Founder visa business plan. Specifically, I will be highlighting things that you should NOT do when you are planning your venture. Remember: the perfect business plan does not boil down to being well-written or well-designed (although these are also essential). Writing the ideal Innovator Founder visa business plan requires a well-thought, viable and clear business proposition. These tips will help you in formulating both your business plan, as well as some of the fundamental aspects of your business planning. Overpromise This is one of the biggest mistakes made by founders. Sadly, international entrepreneurs are not exempt either. And it’s easy to understand why: you want to present the “ideal” image for your concept, whether it’s to the Innovator Founder Endorsing Bodies, the Home Office or even investors. However, this is a dangerous mistake, especially if you are held accountable for making progress against your initial Innovator Founder visa business plan. Underestimate your competition & market dynamics In line with the last point, some founders also underestimate their market and competition. This may be done either intentionally, to present an inaccurate/idealistic image of the market, or unintentionally as a result of personal neglect. Overestimate your offer This is an advice that you may not get from many consultants. Remember: simplicity is key. Keep everything as simple and straightforward as possible. Don’t write pages and pages about why your product is ideal and what it does. Instead, dedicate your content to presenting evidence of your venture and the market’s viability. Neglect the financials Cash flow and financial management are integral to every business. You must plan for and state all instances of incoming and outgoing cash flow. Have a plan B for every scenario and determine the financial implications of all scenarios. Need help with writing your Innovator Founder visa business plan? Read about my full services here 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. Subsequently, I obtained a further 3-year Tier 1 Entrepreneur Visa (replaced by the Innovator Founder 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.
Is the “innovation” requirement of the Innovator Founder visa flawed? | Policy Analysis
This article solely represents a case of personal evaluation and opinion. It shall by no means constitute immigration and/or professional advice. Policymakers are particularly invited to engage with this content and communicate their views accordingly. The innovation factor is a core and integral element of the Innovator Founder visa policy. However, is this requirement flawed? In this article, I will highlight the potential drawbacks and flaws of the innovation requirement. Unlike the former UK business visa schemes such as the Tier 1 Entrepreneur scheme, the Innovator Founder visa policy has emphasised innovation as a key element. On the surface, this may appear to be an appropriate shift in the interest of attracting high-quality businesses and entrepreneurs to the UK. However, a closer examination reveals certain flaws. What is the innovation requirement under the Innovator Founder visa? Per the Innovator Founder visa policy, innovation is a key benchmark for applicant assessment and determining their suitability. Each applicant’s business (idea) must satisfy the following three criteria: The wording of the Home Office defines innovation as the following: “The applicant must have a genuine, original business plan that meets new or existing market needs and/or creates a competitive advantage” This wording is referencing the Home Office’s policy guidance for its staff, dated 7th December 2023. Innovation: a sound requirement in theory Now, it is important to note that the innovation requirement is not theoretically incorrect or inappropriate. It is my view that any nation should be able to determine its rules for immigration pathways. Furthermore, the innovation requirement ensures the quality of applicants and their ventures under the Innovator Founder visa. Therefore, I believe that the requirement in itself may be valuable in principle. However, similar to many other policies, there is a distinction between “theoretically valuable” and “practical”. Innovation: problem in practice? Now that we have established that the innovation factor is logical on a theoretical basis, let’s look at it in practice. The innovation’s foundation is, theoretically, based on the following: Interpretation of innovation The first issue with the innovation requirement is the Home Office’s wording in its definition of it. By the usage of “new” or “existing” (with emphasis on “or”), it is feasible to argue that innovation can apply to businesses that target an existing market, hence the emphasis on the creation of competitive advantage. However, this raises a further issue. What is interpreted as “competitive advantage” in the case of an “existing” market? The issue with this policy is a generalistic use of the term “competitive advantage” without outlining what it entails in detail. And the world of entrepreneurship is full of important details. Ultimately, we notice that this is interpreted by each endorsing body through its assessment protocols. For instance, I have come to notice that one of these endorsing bodies referred to intellectual property (IP) protection as a determining factor (names not disclosed for anonymity) However, again, this means that there is a lack of consensus, thorough definition and clear measurement metrics as to how “competitive advantage” over an “existing” market vs. a “new market” is defined. The importance of policy wording You may assume that I am reading too far into these terms. However, any legitimate policymaker must understand the considerable implications of how policies are worded. In the case of the Innovator Founder visa, we are talking about 1000s of applicants. I am not a policymaker nor a legal professional, despite holding a master’s degree in international law. In case you are interested, you may see my resume for more information. However, allow me to tell you this based on my law postgraduate thesis that the wording of international legislation such as the United Nations Security Council, and specifically Article 51 of the UN Charter, governs how international warfares are determined as legal or in violation of international law. The mere usage of the conjunction of “or” in this article has been crucial in the assessment of several international and domestic conflicts. Thus, with the above as an example, a sound policy evaluation must outline the potential practical flaws of policies, as is the aim of this article. The first issue is the Home Office’s lack of clarity in its definition of innovation, especially concerning new versus existing markets which are inherently different from each other. Many ideas face current market players The nature of business in our modern world reflects growing technological advancements. The Internet alone, and the online nature of commerce, have radically shifted the nature of enterprise solutions. With the aforementioned, there is the consequence of increased competition in virtually any field. The latter alone also reflects the lesser barriers to entry to the market, for instance, due to the Internet. This is also reflected in the case of businesses that apply for the Innovator Founder visa. It is a reality that most ideas will have to fall under the “existing market” definition. Innovation = IP? The preceding points raise the question of whether intellectual property protection is the ultimate defining factor. And as a business professional, I am bound to agree that this would be the most reasonable view. At least that is my interpretation of it. Additionally, an Innovator Founder visa endorsing body has made particular reference to intellectual property protection. Therefore, we may reasonably assume the priority importance of this factor. This again, reflects the lack of any clarity from the Home Office on interpreting competitive advantage. Nevertheless, we will adopt the view that IP protection would be a key factor in assessing innovation. And by IP protection, we are mainly referring to patents, as many can simply file for a trade mark. However, patents can take years to be granted, especially if there is a dispute. In this case, we are assuming that the applicant does have sufficient personal network and resources to embark on such a life. By this, we can see that such immigration restrictions deter and discourage high-net-worth individuals who are facing major challenges with their ventures. They would certainly not want to…
How to come up with an Innovator Founder visa business idea
One of the questions that I keep getting from inquiries is “How do I come up with an Innovator Founder visa business idea?”Therefore, writing an article on this subject may be useful for many of you who are interested in this path. Disclaimer: none of the content in this article, or website, constitute immigration advice in any shape or form. For professional immigration advice, please refer to a regulated immigration advisor or solicitor. First and foremost, it is important to note that the current immigration rules on the Innovator Founder visa require the applicant to have come up with the business idea themselves. This is reflected in page 4 of the case worker guide for the Innovator Founder visa by the Home Office. Therefore, it is important to note neither I nor any other compliant individual and/or entity shall provide you with a business idea. Any party that does so will be violating the immigration rules. Thus, be wary of any person or company that offers a “business idea for sale”. However, if you do have a business idea, I am certainly able to help you with identifying the strengths and weaknesses of that idea. As the UK’s number one business consultant for corporate immigration, I possess the knowledge and experience that will enable me to swiftly identify the key flaws of your business proposal. In this article, I will provide brief guidance via several starting points that will help you come up with a business idea. Therefore, this is a short “manual” and “how to guide” for coming up with any (practical) business idea, irrespective of the objective. Start with a problem (statement) The majority (not all) of successful business ideas are based on problem-solving. Some may not necessarily solve a problem but rather improve how a problem is solved. Hence, your starting point can be the creation of a problem statement sheet. Get your pen and paper out (or open a Word document) and start brainstorming. Think of the following: Research the market Once you have identified an (unsolved) problem, your next step is to engage in market research. In the case of an Innovator Founder visa business idea, this will be the UK market. This will most likely be a time-consuming process, and you must do it correctly. Your market research should ideally consist of both primary and secondary research. Check out this guide by Hubspot, which I have found to be very comprehensive for this part. Identify your strengths and weaknesses as an individual Once you have identified a problem, and the solution based on market research and validation, you should then analyse your individual skills profile. Consider the following: These 3 steps should help you get started on developing an Innovator Founder visa business idea Once you do develop your business idea, I would then advise you to obtain my feedback on your business idea. I will evaluate your Innovator Founder visa business idea within a reasonable timeframe and at a reasonable cost. Remember, business ideas require “business expertise”. Therefore, it is important to seek the right guidance (which is where I will be able to help). Already have a business idea? Book an initial consultation with me for a thorough evaluation. 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. Subsequently, I obtained a further 3-year Tier 1 Entrepreneur Visa (replaced by the Innovator Founder 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.
Innovator Founder Visa | Policy Analysis
Just over a month ago, I created a YouTube video exploring the policy flaws of the UK’s Innovator Founder visa. This article is essentially a reflection of the same video, highlighting three fundamental policy flaws surrounding the Innovator Founder visa requirements. *Please note that this content is merely a reflection of my personal opinion and evaluation and does not constitute immigration advice in any shape or form. If you are seeking immigration advice, please refer to OISC to find a registered immigration advisor/solicitor.* According to the UK Government’s website, the Innovator Founder visa allows international entrepreneurs to set up businesses in the UK. Full details of the visa rules can be found HERE. The purpose of this article, however, is not to outline the general information about this visa. I have written this blog post to: –Highlight the flaws that other founders may resonate with; –To draw the attention of policymakers towards the anticipated flaws of the Innovator Founder visa and how it may potentially harm the UK in the short and long term So, let’s explore the flaws of the Innovator Founder visa policy. The low number of Innovator Founder visa endorsing bodies This is perhaps the major weakness of the Innovator Founder visa policy. This is especially the case when one takes a comparative evaluation between this visa path and its predecessor, the Innovator visa. There are currently 3 endorsing bodies overseeing all applications made under the Innovator Founder visa pathway. This excludes the Global Entrepreneurs Programme (GEP) which is administered by the Department for Business and Trade. The aforementioned is in contrast to over 20 endorsing bodies that had the authority to issue endorsements for the former Innovator visa. Moreover, the previous endorsing bodies included well-established and reputable accelerators such as Founders Factory. To summarise the key issues in relation to the number of endorsing bodies: High endorsement & visa fees Another major issue which may discourage many prospective applicants is the high visa fees associated with this visa pathway. Let’s look at the initial costs associated with the Innovator Founder visa (and these are for single applicants only): As you see, you are paying a minimum of ÂŁ3000 to simply make an application under this visa pathway. By setting such high fees, the UK Government has failed to consider the long-term economic contribution of international entrepreneurs to the UK. Not applicable to all The Innovator Founder visa is likely to not be applicable to every single founder. And the manner in which this is evident is through the three key business idea requirements, which are: Whilst on the surface, the abovestated factors may seem appropriate, they are not practical in action. For instance, the viability requirement may only be evident once a business actually begins trading. Yet, this visa is also aimed at entrepreneurs who wish to “set up” their business in the UK. Another instance where the lack of applicability of this visa path is reflected is the removal of the former Startup and Tier 1 Graduate Entrepreneur visas. These visa routes were specifically aimed at founders who were to set up their business in the UK. Personally, I underwent the Tier 1 Graduate Entrepreneur route myself under the endorsement of Newcastle University. Currently, the Innovator Founder visa is a mashup of all founders, from all backgrounds and regardless of their business nature/stage. Final notes Entrepreneurship is fundamentally unpredictable and involves a core element of risk. Combining this with stringent and unfeasible immigration requirements does not provide an optimal outcome for any stakeholder. Moreover, it will only serve to weaken the UK’s global position as an entrepreneurial hub. I appreciate that policymakers ought to ensure that genuine and innovative migrants move to the UK. Nevertheless, policies should be drafted in such a manner that involves a thorough comprehension of entrepreneurship and also mitigates the risk between the government and international entrepreneurs. Need help with the Innovator Founder visa? I am the UK’s #1 & leading business consultant for international entrepreneurs. Whilst I do not provide immigration advice, I am able to assist in multiple areas such as drafting your Innovator Founder visa business plan. For a full overview of my services, please refer to my homepage 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 (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.
Innovator Founder Visa: Business Consultant vs. Business Plan Writer
If you are considering the Innovator Founder visa, you have probably come across the terms “business plan writer” and “business consultant”. Well, at least on my website/channels you have. So let’s look at the difference between a business plan writer and a business consultant. Understanding the difference will also help you decide which one may be useful to you. Depending on your venture and personal skills, you may need the help of a business plan writer or business consultant for your Innovator Founder visa application. First of all, I will do the “sales” part to inform you that I am both a business plan writer and a business consultant. Nevertheless, this is not usually the case, distinguishing me from any other service pertaining to Innovator Founder visa and international founders. In fact, I am the UK’s first and #1 business consultant for international founders. Moreover, I was an immigrant entrepreneur myself and settled in the UK via several business visas. Okay, now let’s look at each in detail, followed by a comparison table at the end. Business Plan Writer In the abstract, the function of a plan writer is perhaps quite clear. Business plan writers possess the knowledge and skills to produce a well-written and well-researched business plan However, the key point is that a business plan writer may not necessarily be familiar with running a business or have prior experience of doing so. The key competencies of a business plan writer are: Business Consultant Business consultants, in contrast to business plan writers, are essentially there to advise on your business concept/protocols. Thus, they may not necessarily engage in producing business plans. However, they help you understand what needs to go on your business plan and eventually your venture. The core competencies of a business consultant are: Summary Business Consultant Business Plan Writer In-depth industry knowledge Understanding of business plan standards Experience in running and scaling a business Language/writing skills Need help? I operate as both a consultant and plan writer Whether you need help with writing your business consultant or are seeking a consultant to advise on your operations, I am here to help. Get in touch with me today to find out more. You may also watch a YouTube video that I have made on the same topic. 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.
Approaching an Innovator Founder Visa Endorsing Body: 3 things to consider
*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” and 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.* Starting a business in the UK requires an endorsement from an Innovator Founder Visa Endorsing Body. These are organisations that are approved by the Home Office to issue endorsements to selected international entrepreneurs. According to the UK Government’s website, there are currently 3 Innovator Founder visa Endorsing Bodies, which you can find HERE. Regardless of your immigration status/nationality, the process of approaching an Innovator Founder visa Endorsing Eody does have a business/commercial element. For instance, your business plan and how well you articulate your idea are integral to the endorsement outcome. In this article, I seek to highlight 3 points that may be beneficial in choosing an Endorsing Body. This is best for your business proposition (e.g. their past portfolio and expertise in your sector). Thus, these factors are the “business/commercial” ones rather than being associated with the visa application. Communication This is a significant factor in any form of relationship, whether personal or professional. Moreover, you will have to work with the Innovator Founder visa Endorsing Body that you choose for the duration of your visa. Hence, it’s important to ensure there is sufficient communication that you feel comfortable with as an entrepreneur. Pay attention to how you and the Endorsing Body communicate in the initial stage. Communication is always a reliable indicator. Communication is also evident in an organisation’s clarity about their procedures. Startup portfolio of the Endorsing Body Another helpful factor in choosing an Endorsing Body, or even another stakeholder such as an accelerator in the next stages, is looking at the past companies under their support. One that may be decisive is industry knowledge. For instance, you have a business proposition in the Blockchain sector and the Endorsing Body has previously supported founders in the same industry. Additional support offered by the Innovator Founder Visa endorsing body Each founder has their own unique circumstances. Therefore, it is a good idea to find out whether the Endorsing Body that you are targeting offers any form of additional support. However, as stated, this may not be applicable to every founder. 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.