Tier 1 Entrepreneur Interview questions

Hi All,

I got email form UKVI that they will take my Interview and they will inform me schedule. I am preparing answer of below questions?Can you let me know if I am missing anything?


Background Questions:
1) How long have you been in the UK?
2) Can you give me a brief history of your immigration status while you’ve been in the UK?
3) Have you worked for any employer or business other than your own business whilst you have held leave as a Tier 1 (Entrepreneur) Migrant?

Business Experience Questions:
4) What previous employment and business experience do you have to enable you to run your own business?
5) What educational and professional qualifications do you have that are relevant to your business?

Business Development Questions:
6) What is the full name of your business?
7) What is the nature of your business?
8 ) Who are your customers and what goods or services does your business provide them?
9) When did you incorporate or set up your business?
10) Does the nature of your business require you to have registered with an appropriate authority? If so, what regulatory bodies have you registered with and can you provide evidence of this registration?
11) What is your role in the business?
12) What equipment, materials and software do you use when providing services to clients or customers?
13) Please describe an average day at work for you from start to end.

Market Research/ Advertising Questions:
14) What market research did you carry out before deciding to invest in your company?
15) What were the results of the market research you carried out?
16) You have moved your business from ABC location to DEF location. Did you carry out any research into existing businesses before deciding to locate your business in an area? Can you describe the results of this research?
17) How much have you spent on advertising your business?
18) What forms of advertising have you used and where have you advertised?
19) Do you have a business website? If so, what is the website address?
a. When was the website set up?
b. What information can be found on your website?
c. How much traffic does your website drive?
d. How much custom has your website attracted?
e. When did you last update your website?
f. Can you show us your website?
20) What are your business service according to your leaflet provided with the application?
21) Can you explain how your business transforms Business Models?
22) How long have you been trading from your current business premises?
23) How do you operate your business form your residential property?
24) Where do you meet the clients?
25) What address did you trade from prior to your current address?
26) What is your business telephone number and email address?
27) What forms of insurance do you have for your business and are you able to provide evidence of your insurance?
28) What health and safety requirements do you have in place at the premises?
29) Who owns the business premises and can you provide the rental agreement you have in place?

Funding Questions:
30) Where did you get the money from to invest in the business?
31) How much money have you invested into your company?
32) Can you provide detailed breakdown of how and when you invested the money into your company?
33) You have provided your unaudited management accounts for the period DD Month YYYY to DD Month YYYY. What administrative expense did the business incur in this period?
34) Can you give a breakdown of how much was spent for each of the following categories?
a. Employee wages,
b. Travel and subsistence and
c. Rent
35) What was your operating profit for the period DD Month YYYY to DD Month YYYY?
36) How are you going to increase your profitability? How has this been going?

Contract/Client Questions:
37) How many clients do you have and what are their names?
38) Can you provide the address and describe the business premises for your clients?
39) Can you please show me the email correspondence, invoices, contracts and receipts between you and your clients?
40) Can you provide a detailed description of the services you provided to 2 of your other clients?
41) What was the outcome of the work you carried out for your clients?
42) Can you provide the name of the business directors of each of these businesses?
43) Can you provide the address and describe the business premises for each of these businesses?
44) Can you please show me the email correspondence, invoices, contracts and receipts between you and these companies?
45) What is your pricing structure for some of the key services that you offer?

Employee Questions:
46) How many employees do you currently have and what are their job roles?
47) What roles do your employees have in your company?
48) Are they still working for you? If not when did they leave and why?
49) Can you provide documentation for your employees?
50) How did you employ each employee?
51) How much per hour do you pay each of your employees?
52) How did you recruit your staff and what qualifications do they need to carry out their duties?
53) Were any of your employees known to you before you employed them?
54) Can you explain what rights your employees are entitled to under employment law? Holidays and pension
55) Have any of your employees joined the Work Place Pension Scheme? If not why not?
56) How much annual leave is an employee entitled to take each year?
57) Can you describe all the checks you have undertaken in order to establish that your employees were legally able to work in the United Kingdom?check visa and passport or anything else?
58) What address does your employees work from?
59) Do any of your employees work from home? If so:
a. How do you manage your employees if they do not work from specific site?
b. How do you keep in contact with your employees?
c. What are your employee’s addresses?
d. Where are client’s personal details stored and how do you transfer information between employees securely?work pc password protected and client folder.Any good answer than this?
60) Where are your employees today and what work are they doing for you?
61) How do you keep in contact with them and can you contact them by phone so that I can speak with them and ask them about what they are doing for you today?

If any one give view on yellow highlighted questions.It will be very handy for me.One last question I showed 41k+3k maintenance fund from UK and near 10K from my home country but after that never transferred money form home country to UK AS I managed to transfer money from UK so in this situation what is the best answer to say