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No one can give specific advice on your business plan. Your UK trip and waiting time for another six months will not surely help. But if your approach is strong enough to defend the refusal points will surely make a difference. I think what they mean about the competition research is list out your 10 competitors pros and cons and their little business summary with how your business/solution will have an edge over your competitors. UK is one of the top most country which got all kinds of exposure and you should project something what you got is unique and win over the competition.libranisb wrote: ↑Mon Jul 16, 2018 2:43 pmThat's a great discussion. I agree that every application is independent and I also agree that every refusal will make the applicant weak.
I am applying with a business plan for a bookkeeping business, so I am not sure if methods like survey monkey will be possible because accountants are needed always.
I applied with a business plan which was 60 pages, prepared by myself, and consisting chapters such as;
Now, the refusal letter says (apart from other two points) that my business plan does not explain well enough the competition. Logically, its easy to know who the competitors are in accounting industry, so "If i strengthen this chapter in a month and have one visit to UK to meet few businesses and accountants" will that make it good enough or shall I wait for six months before second application so that they feel comfortable that I have done enough to overcome the weaknesses?
- Exec. Summary
Services Offered
Market Research
Competitors
Projected Financial Statements
Contingent Plan etc.
Thanks all and the moderators.
Yes it is difficult. If you have lived/studied or spent few years in UK the chances are better. Many people started this route to just live in the UK which causing lot of problems for the people who really want to start their UK branch. Don't give up as you are going to spend few thousand dollars but if you get it and your business is good you can earn multiple times of profit with the same business running in other country.libranisb wrote: ↑Mon Jul 16, 2018 2:45 pmFurthermore, I spoke to few lawyers/consultants to seek some help and everyone is saying that Tier 1 Entrepreneur is very difficult to get these days and the refusal rates are very high? Is it true and if such is the case is it worthy enough to pursue it???
I have contacted UK DIT Team (googled various sections) no response at all. Then contacted my local British embassy and they have asked me to come for an interview. I hope before the interview happen ( I was asked to send my business plan) they might have got some information about our company and activities. After the interview they escalated/refered my case to the UK DIT team. UK DIT Team assigned a Project Manager and after so may email communications the PM got trust and escalated to her management and issued the letter.
Your existing visa should continue to be valid unless you have been informed otherwise
Congratulations, piercebody. I've followed your application in this and another thread. Really happy for your success.piercebody wrote: ↑Thu Aug 16, 2018 5:08 amMy Visa is approved
Wish you good luck also and let me know If you need any information.
Please do not tag questions for user 'piercebody' onto another user 'libranisb' thread.kenyaken wrote: ↑Thu Aug 16, 2018 4:43 pmCongratulations, piercebody. I've followed your application in this and another thread. Really happy for your success.piercebody wrote: ↑Thu Aug 16, 2018 5:08 amMy Visa is approved
Wish you good luck also and let me know If you need any information.
May I ask you more about the business plan please? It seems the HO pay a lot of consideration on the business plan, right? I'm planning to submit my application later this year, and am really worry about how much and how complex should the business plan go. Can you and any respected moderators in this forum advise please?
Continue in one of your own topics please.