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Starting a Business in the UK

Each year, thousands of people start their own businesses for a variety of reasons. Some because they want to be their own boss, others because they want to provide a service in a part of the market that is currently underserved and yet others start businesses just to make lots of money. These are all good reasons to start a business, as are many more reasons that are out there. The reason for starting a business often, does not affect the success of a business. Motivation, commitment, and dedication are some of the factors that affect the success rate of your business. While enthusiasm is very important, especially in the early days, good planning is an essential ingredient to your business. Without a solid plan, your business will probably struggle to make any kind of success.

Every business starts with an idea, so before you start your business you need to have a realistic idea, which can be turned into a profitable product or service. There are several opportunities for you to find support locally, to develop your business ideas. When you have finally secured that great business idea, the next step is to ensure that there actually is a market for it. If no one wants to buy that product or service then you are already in trouble before the business starts. You should then register your idea (in the form of a company) to ensure that no one steals it.

Research is vital to any profitable business venture. Start researching your business before you even start up and do not stop, ever. You need to identify whom your clients will be and get in touch with them. Feedback from potential clients is very helpful, and will help you make necessary changes to your idea reducing the risk factors of a business. With the information you garner, you should proceed to write up a business plan. What a business plan does is to clearly state everything there is to know about your business. It gives you a platform to access the risks and opportunities of the business before even starting and make the necessary changes to guarantee optimum returns.

It might be a great idea for you to find partners for your business. For one thing, partners share the risks among them reducing the individual risk for one person. Furthermore, if you get partners who have relevant skills and knowledge to complement your own skills, you are giving yourself the opportunity to focus on what you do best while allowing your partner do what he/she does best. It is a win-win situation for everyone involved. Of course, you may decide to go at it solo and work on your own. This is not necessarily a bad thing either, but even while you run a sole company, you have to work with others; from suppliers to distributors or retailers. It is wise to start to develop relationships with your buyers and suppliers early enough. This will boost your negotiating power and help you know who is reliable and who is not.

Challenges, setbacks, and obstacles are part of the landscape of a business owner. How you face these will ultimately decide whether you will succeed. If you are not the type who handles setbacks and difficulties well, then starting a business might not be for you.

Starting a business comes with complex financial and legal issues. It is a good idea to secure the services of a good accountant and lawyer to help you through the process. Even after you start up, there will be the inevitable paperwork that is associated with your business. If you are not the type to handle these well, then you should ensure that you have someone on your team who can get through the muddle for you.

To start a business in the United Kingdom as a non-citizen, you need to have the Tier 1 visa. There are several categories of the tier 1 visa; the entrepreneur, investor, graduate entrepreneur and exceptional talent. As an aspiring businessperson, the one that should concern you is the entrepreneur.

To be deemed eligible for this visa, you must score at least 95 points of the tier 1 points based system. On the system are having access to at least £200,000 of disposable capital which earns you 25 points, having at least £50,000 from one or more registered venture capital firms or one or more UK entrepreneurial seed funding competitions or One or more UK government departments also the equivalent of 25 points. Also on the list are having a live application for leave to remain in the UK, which can be having a tier 1 (Post study work) visa or being engaged in business activity, another 25 points; having access to at least £50,000 and also a Tier 1 (Graduate entrepreneur) visa which is worth 25 points; the funds must be help in a regulated financial institution, 25 points; the funds must be disposable, 25 points; you can speak English to a certain standard, 10 points; and you have sufficient funds to support yourself in the UK for another 10 points.

If you meet the required eligibility, then you can submit an application for a tier 1 visa and it will be processed within 3 weeks.

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Important things to know about living and working in the UK

Are you planning to live and work in the UK? The following are some of the important things to know about living and working in the UK. First and foremost, you need to know how to apply for a UK work visa from outside of the UK, that is, if you are a non-UK resident because each and every individual working in the UK must have a work visa. This visa is issued under four different categories. These categories are: the general category, the post-office work category, the skilled worker category and the temporary worker category. This visa is applied online but if you do not know how to go about it, you can seek advice from other people who know more about its application.

 

For you to apply for the visa you must meet the required requirements under the category you are applying for. These requirements are usually highlighted under the various categories. You are therefore required to go through them and determine whether you meet them. Also, there is a tool that assesses your eligibility. You can use this tool to determine whether you meet the needed requirements. If you meet the required requirements, follow the following steps to apply for a UK work visa:

 

1. The first step involves taking your degrees and certifications to the National Recognition center for the United Kingdom. The work of this center is to evaluate your degrees and determine their validity. If it finds your degrees and certifications to be valid, it gives you an okay to move to the next step.

2. The second step is so simple and requires you to put all your degree, certifications and evaluations together and ready for the next step.

 

3. The third step involves applying for the visa. The visa is applied online. You are required to go to the official UK website and apply for the visa. This website has guidelines to guide you through the whole process. You will be asked to make payments during the application process.

 

4. The last step requires you to take your degrees, evaluations and applications to the British consulate in your country. The consulate will go through your documents and get back to you as soon as possible.

 

People who follow these steps get their work visas within the shortest time possible unlike those who fail to follow the steps. In addition to having a work visa, there are some things that you need to know about life in the UK These things are: the medical facilities, education, housing and many others.

 

Medical facilities in the UK

There are two types of medical facilities in the UK There are state-owned facilities and private facilities. State-owned facilities are owned by the government while private facilities are owned by individuals or companies. Services offered in private owned facilities are efficient of high quality as compared to those offered in state-owned facilities. This is because, private facilities are expensive and most people do not go there. This makes them less congested as compared to public facilities. Public facilities are congested as most of their services are free and cheap attracting most people to them. Examples of free services offered in state-owned facilities are: NHS (National Health Services). These services cover common diseases and emergencies. People have to apply for these services for them to be able to use them. There are various agents and specialists who guide people on how to apply for these services. It is therefore important to know how to apply for these services. There are different journals on the internet on how to apply for these services. Read them to get the required information.

 

Education in the UK

Education in the U.K is offered by the private and public sector. Schools owned by the state are referred to as state-owned schools while those owned by the private sector are called independent schools. Independent schools are quite expensive and only a few parents can afford them. This is not the case with state-owned schools where education is completely free. Most parents therefore take their children to state-owned schools. Due to the large number of students who attend state-owned schools, their number is very high. There are so many state-owned schools and each of them performs differently. Therefore, before taking your children to any of these schools, ensure that you know more about its performance and everything else. Conduct a simple survey to determine the best school to take your kids for better results.

 

There are many other things to know about living and working in the UK Doing a lot of reading and research will help you know everything about the UK that you need to know. Also, you can use social sites to communicate with UK residents and ask them all the questions that you need to know about the UK.

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