Do we have to prepare business plan before we apply for entr

[kashnex]

Hi! I was wondering if some one could please advice me that do we have to prepare any sort of business plan in order to apply for entrepreneur (psw) visa many thanks
Regards

[Lucapooka]

What does the guidance say about having a business plan?

[kashnex]

What does the guidance say about having a business plan?

I don't see such thing in guidance but I'm getting paid advice from solicitor and he advised me to prepare business plan therefore I'm bit curious to get second advice
thanks

[Lucapooka]

I don't see such thing in guidance

So there is your answer! Fire your solicitor; he does not appear competent.

[kashnex]

I don't see such thing in guidance

So there is your answer! Fire your solicitor; he does not appear competent.

thanks a lot

[Lucapooka]

Correction! I did not see the PSW switching. The conditions are very different to those that I assumed and my comments are irrelevant.

Not only do you need a business plan, you need to have registered a business. A business plan alone is not sufficient.

Sorry for the misdirection but you put PSW in brackets after the main question.

[kashnex]

Correction! I did not see the PSW switching. The conditions are very different to those that I assumed and my comments are irrelevant.

Not only do you need a business plan, you need to have registered a business. A business plan alone is not sufficient.

Sorry for the misdirection but you put PSW in brackets after the main question.

I was about to fire my Solicitor :p any way thanks for the generous advice I really appreciate your concern
Thanks once again

[smehmood]

Correction! I did not see the PSW switching. The conditions are very different to those that I assumed and my comments are irrelevant.

Not only do you need a business plan, you need to have registered a business. A business plan alone is not sufficient.

Sorry for the misdirection but you put PSW in brackets after the main question.

Hi

With your all due Respect.

I did,nt see anywhere in Guideline that business plan is required when switching from PSW however other docs as you mention above are required.
Also i have number of successful cases without business plan.

Your Kind response please.

Regards

[Lucapooka]

Permit me clarify to this for you. A business plan is, in essence, the operational blueprint for a prospective business that does not yet exist (ignoring that it can also be a plan to rescue or develop an existing business). Anyone switching from PSW at the 50K threshold would need to have started or joined an existing business before they could apply. Therefore I agree that they would not need a business plan as the business would have already been planned and would be operational the time of applying. You don't have to have to submit an idea of where you might be taking that existing business in the future.

[smehmood]

Permit me clarify to this for you. A business plan is, in essence, the operational blueprint for a prospective business that does not yet exist (ignoring that it can also be a plan to rescue or develop an existing business). Anyone switching from PSW at the 50K threshold would need to have started or joined an existing business before they could apply. Therefore I agree that they would not need a business plan as the business would have already been planned and would be operational the time of applying. You don't have to have to submit an idea of where you might be taking that existing business in the future.

Hi

Thanks

Got your point but i am sure now you will see many confuse.coms

Best Regards

[omairsunny]

Permit me clarify to this for you. A business plan is, in essence, the operational blueprint for a prospective business that does not yet exist (ignoring that it can also be a plan to rescue or develop an existing business). Anyone switching from PSW at the 50K threshold would need to have started or joined an existing business before they could apply. Therefore I agree that they would not need a business plan as the business would have already been planned and would be operational the time of applying. You don't have to have to submit an idea of where you might be taking that existing business in the future.

Hi

Thanks

Got your point but i am sure now you will see many confuse.coms

Best Regards

Very helpful and informative discussion and really good points raised and discussed by respectable senior members of the forum (Lucapooka and mr Smehmood). Also Mr Smehmood stated in his last comment that there will be many confused.coms around having read this discussion.
From my understanding of the above, i have concluded that "Business plan is not required by UKBA in their guidance notes but they can be effective if you include one" . In other words you are not required to submit a business plan, but its good to submit one if you have any !! Correct me if i am wrong anywhere in concluding above
Kind Regards...

[Lucapooka]

From my understanding of the above, i have concluded that "Business plan is not required by UKBA in their guidance notes but they can be effective if you include one" . In other words you are not required to submit a business plan, but its good to submit one if you have any

Good for what? It's not a requirement so won't be considered. It will not add to the points score (of what is not an arbitrary application approval process) and has no practical value on that basis.

[omairsunny]

From my understanding of the above, i have concluded that "Business plan is not required by UKBA in their guidance notes but they can be effective if you include one" . In other words you are not required to submit a business plan, but its good to submit one if you have any

Good for what? It's not a requirement so won't be considered. It will not add to the points score (of what is not an arbitrary application approval process) and has no practical value on that basis.

Makes even more sense. So now i concluded that "keep things simple, don't include/submit stuff in your application which is not officially required by UKBA "... Many thanks