Why Poor Research & Strategy Lead to Tier 1 Visa Business Plan Failure

Many tier 1 visa business plans are rejected because they lack certain essential elements in their make-up. Tier 1 home office workers have often claimed that the reason behind such little tier 1 visa acceptance is that most of the plans they get are simply not the standards they are looking for, even though the business plan is a vital submission of the tier 1 visa. The home office often says that they need to see the director’s research and clear strategy in the plan submitted to them. If that element is missing in the plan, the visa is likely to get rejected even though all other elements are soundly in place.

When interviewing business plan writers for business magazines, a prominent economy reporter found out that many business plans fail because the idea created or being pitched by the owners are something that has been done a million times before. The demand they are aiming to get at is already being met by other businesses. The business plans fail to recognize a market gap in their business idea. The job of a business plan is to make sure that the pains of the customers go away. Instead, they are unable to even recognize the pains of the customer – let alone cure it. 

Value inflation is another bad idea for business plans. Surprisingly, say business plan writers, this is a very common occurrence with novice business plan writing. Value inflation is the use of big words that do not hold any value or real meaning. Big words are not a bad thing – in fact, in some cases they work to the owners’ advantage. However, sometimes a business plan only has big words and nothing else to boast of. In business writing though, big words are usually discouraged. Writers are supposed to use simple words that hit home like bullets, conveying the real meaning to all audiences.

Some people who write business plans will try to please everyone they touch beyond logical reasoning. They feel that they can be everything to everyone at all times. Some business owners who lack experience and knowledge feel that they must offer up as much as possible to be successful. However, a firm cannot sell everything to everyone at all times. That image is just not impressive. There are roles for each firm to play and business owners need to look for a role that will suit him/her the best. Obviously, this does not imply that no tier 1 plan must be about conglomerates but just that when one is initially starting out, they must only take on what they can handle.

Recognizing competitors is another important aspect for tier 1 visa business plan success. Researching the competition and the value you can bring to the UK economy is essential behind a successful submission. If you feel there is a lack of completion, you must at least compare your products or services to someone similar or in the same industry.  An investor can look at the idea and feel there is no competition because there is no market and that will not fare well for your business or visa.