• What Are the Key Components of an E2 Visa Business Plan?

  • This article originally appeared on timebusinessnews.com

     

    Are you an ambitious entrepreneur? Do you dream of becoming a successful investor beyond your country’s boundaries? The E2 visa is the right tool to launch you into the United States business market.

     

    An E2, also known as the Treaty Investor Visa, is a great choice for citizens of treaty countries interested in opening a business, expanding their current business, or investing in already established businesses in the US. That said, confidence in your business idea is not enough to get a visa. You need to present a sound, professional, and detailed business plan.

    This is what makes or breaks your Visa application process. So, what are the key components of a good E2 visa business plan?

     

    The Executive Summary

     

    An executive summary is a very important part of any business plan. That’s because it gives the reader a quick idea of the business, from what it does to its key financial projections. It is also the first thing the reader will see; hence it should grab their attention.

     

    Objectives & Mission

     

    Your business plan should also contain a mission statement, that is, a quick description of how you intend to accomplish your core vision. Then, of course, you should lay down your important objectives. These are specific actions you intend to take along with their estimated timelines.

     

    The Business Description

     

    Your E2 visa should also include a description of the business, otherwise known as a company summary. Here, you want to talk about the products or services you will offer, your role in the business, and how much of the business you own.

     

    Target Market Analysis

     

    With this component, you need to thoroughly analyze your target market to know your customers better, determine opportunities, and develop excellent marketing and sales techniques. This analysis shows that you understand the audience you want to cater to.

     

    Financial Strategy/ Projections 

     

    When applying for an E2 Visa, you must provide a detailed financial projection that spans between three to five years. At the least, your financial projection should include a projected cash flow statement, a balance sheet, and a profit and loss statement. Also, highlight the assumptions informing the numbers on these statements, as this will help the vetting board get a clearer picture of your business’s financial standing.

     

    Personnel Strategy

     

    You should also describe how you intend to create jobs for resident workers in your plan. Do you know how many jobs your business will create? Include that in your business plan. What about the specific roles to be created? Add that too.

     

    Operational Strategy 

     

    Your business plan should also lay out your business’s organization and management. Besides, you need to provide a clear description of your skills and experience to help show your competence when it comes to running your business.

     

    Marketing Strategy 

     

    Lastly, you need to detail your business marketing techniques in your business plan. In other words, explain how you get your brand in front of potential US customers and your advertising budget.

    Take All These into Account for a Successful E2 Visa Business Plan

    If you are working on an E2 Visa business plan, be sure to include all of these components. This way, you can guarantee yourself higher chances of getting an E2 Visa. It does not have to be much; just ensure all your information serves its purpose.