How to start an e-learning business πŸ‘ (on a start-up visa or innovator visa) βœ…

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How to start an e-learning business πŸ‘ (on a start-up visa or innovator visa) βœ…

Hi, I’m Tom Bradford. We’ve just had our third innovator visa granted in just three weeks and this one was granted within two working days of submission of biometrics so that’s a great result and in this live stream in which by the way you can answer ask any questions and I’ll have a look at them in a moment and go through them I wanted to explore the opportunities that these visa routes represent and also what the opportunities are in the tech space and innovation space more generally in the UK. Now one of the main things I want to focus on in this video is in the e-learning business opportunities and how you can leverage your skills and expertise to create a business in the UK that’s scalable now there’s overlap here between what you want to achieve in terms of your business and visa requirements most of my clients are working in an area where they’ve had success or they have some kind of passion or involvement or interest and they’re able to add a great value so an e-learning business is a really good way to use your consultancy business skills but in a scalable way. Now the startup and innovative visa criteria require that you do something which is innovative fireborn scalable. Now what a scalable mean it basically means they are not selling your time for money so a consultancy business would be an example of this some people have great consultancy businesses earning fantastic sums of money but and they are ultimately selling their time for money and they don’t have a scalable business an e-learning business is different because in eel with eLearning with videos for example or written material which isn’t behind some kind of table you can produce content like video content like written content and convey your skills but then that material will be working for you day and night with you’re asleep on holiday whatever you’re doing your content will be out there accessible and pretend you’ll be potentially making sales but in a in a passive way. Now that’s not to say that you haven’t put in an enormous amount of work into the process but you will be producing something a digital asset that will continue to work for you so if you have a consultancy skill set perhaps you have a consultancy business maybe you’re an accountant or maybe you’re in the arts I’m just thinking of some of my clients I have clients or an accountant or they’re from the financial sector but also clients who are in fashion for example. Now all of these are skill sets and knowledge bases which I’ll potentially translate a ball into an e-learning business have a look and consider for a moment the main elearning platforms I’m thinking of udemy for example which is phenomenally successful business of course it has content from thousands of different creators but the business model is is a scalable one. Now I’m not suggesting that you’re able to necessarily establish a business like you to me which is you know multi multi-million or possibly protean billion dollar company but there are plenty of scalable businesses on a smaller model which are very very successful produce six seven eight figure incomes and revenues which are based around an individual’s or a set of individuals skills in a specific area so the main takeaway I think is if you if you have ultimately like a consultancy skill set like me for example I’m you know I’m a lawyer ultimately I in terms of my what I do during the day in my work that structured around you know hours and I’m chargeable events that

sort of thing rather than being necessarily digitally based so ultimately I’m working on the cases and and what someone is is purchasing and using my services is you know specific experience which of course I hope is a great one but if you’re if you if your business is a digital one you’ve digitalized it then it really at that moment becomes potentially scalable obviously you still need a route to market how you going to access your prospective customers and prospective clients but the principle is that because they’re digital assets and they’re they can potentially work for you day and night they’re scalable you as a consultant can only be in one place at any one time but if you have digital assets working for you you can be in many places presenting virtually as it were in many places all at the same time so that’s the difference between a scalable business this business that’s scalable and one that is not if you’re a consultant with a specific skill set you can potentially qualify under these these visa roots but there might be a process you might have to go through to get your business idea into a position where it is innovative viable and scalable and therefore endure scible for the purposes of these visa roots. Now if you’d like to speak with me about your business idea and about how you can qualify under the main business immigration routes in the UK I’d be delighted to speak with you I’m really pleased about our success with the innovator visa and great results we’re getting four clients so that’s my key message and presentation over and done with I’m just going to have a look to see if you’ve got any questions in the comments so this is a live stream feel free to ask any questions I’m using the new YouTube interface here so it’s an interesting experience so thanks thanks very much thanks very much for saying hi I’m Ankur olap and Habeeb and Ron are oh it doesn’t look like you have any questions at the moment could I just deal them with some questions that have been put to me recently and in particular um yesterday and one of them is about the transition from the startup visa into the innovative visa so if you’re on the startup startup visa how can you transition into the innovative visa bear in mind the startup visa is for as one might think for beginners and it’s the difference between the startup visa and the innovative visa is that for the startup visa you only need to have an idea that’s scalable nationally I say only that can be quite a task to show that it needs to be scalable to national markets but for the innovative visa it’s got to be scalable to international markets and you’ve got to be an experienced entrepreneur so and where I would almost always draw the line is if you’re a student and you’re on TIF or visa and you don’t have experience in business and you haven’t worked then you wouldn’t usually be able to qualify be able to properly characterize yourself as an experienced entrepreneur however there are exceptions I do have one client who has had experience in business before during his university degree he actually had a telecoms business and he’s currently in university and he is moving moving over to the startup visa but he could have other particular reasons why he wanted to go for the startup visa rather than the innervates visa but he could have I’ve gone for the innovator feature as well so it all depends the for the innovative visa though you need to show that it’s scalable to international markets and you’re an experienced entrepreneur and you would normally expect to get that experience during the startup visa term so bear in mind the startup visa isn’t extendable it’s for two years and you can’t extend beyond

that by itself is not a route to settlement but you switch at year to potentially you can switch earlier into the innovative visa for the three year term that then gets you to the point at which you can qualify for indefinite leave to remain and the two success criteria that most of my clients are going for is that they will invest fifty five thousand in their business and that they’ll register to protect their intellectual property so in most instances that would be registering and design in an app for example or in a software interface although again it depends on on the business and on the facts. Now I’m in terms of making that transition and what you would have to do I think if you start on if you begin on the startup visa and you’re doing it on the proposition that you’re going to build a Minimum Viable Product we’re talking about eLearning in this live stream so for e-learning that would be I think what one would expect to see is a Minimum Viable Product is a you know standalone eLearning and platform. Now you can actually white label certain solute solutions within the e-learning space but really if you expect to see innovation then there would need to be some innovative element usually to qualify so I do have clients who sold his elearning business and that was actually sold for over 10 million that was for a specific geographical user base and there were interactive elements of the e-learning platform and I work with the technology and specialist who assists some of my clients with their technology solutions but you’d expect to see some innovative element of your proposition you know if it even if it’s elearning. Now the innovation may come from the type of material that’s covered it may be that there’s a specific niche a specific area of knowledge which has not yet been covered by eLearning and that that is the source of the innovation it could either be that or the mechanism through which it’s it’s delivered on a digital platform but those those are some ideas I think eLearning is a great opportunity great way as I say of translating your own skill set into something scalable and and innovative and potentially viable and so I hope this has been helpful I’m just going to quickly check if there are any questions there are questions. Now have lots of questions and thank you very much so yeah thanks Ankur you’ve said that you’re a Cisco Certified Professional and you’re looking to start an EdTech ed tech company Wow so I think with Cisco certified professionals in the e-learning space there are that there are materials out there I believe I’ve looked into this specifically for for another client and if you go on udemy for example I’ll just check on udemy. Now sisqΓ³ course yeah so there’s a Cisco just just from a cursory look on udemy there’s a Cisco bootcamp a comprehensive icnd2 course with tutorials flashcards etc however it doesn’t look like there’s a huge amount and this is within the labels of IT and software development network security and IC certification and there’s the number of there are number of other courses but they’re not all cisco specific so yeah so I’d be interested to hear your here your business ideas but I think if you’re a cisco certified professional that is potentially an an ideal area potentially for for e-learning for an e-learning proposition subject to what you want to do in the UK EdTech in for tech professionals is is potentially perfect for these visa routes it’s just a

question of finding a niche that and ensuring that the market isn’t completely saturated this is where we go into the realm of market research but but but yes technology professionals especially experienced ones have a specific skillset in Cisco certification for example may be ideal the in terms of your student in customer base I’d be interested to know who that is whether it’s other people looking to become Cisco certified or whether the end user is you know our technology users who are looking for for technical help but one really great area with eLearning is for people who are studying for specific qualification and particularly Cisco certification I’m aware of how challenging that is so that that’s definitely an area to explore Angie file I highlighted your experience at SC and you have 15 years experience yeah great I mean I think if you’ve studied in in the UK it does make things easier for some of the other eligibility criteria as well like for most obviously in the English language and that with with with that degree you would like to not have to take the IELTS test the English language test of course ordinarily being being 5.5 because under the rules it it would be assumed that you’d have a sufficient level of English and you way thank you for your question you’ve said your group of international students in Canada I’m actively running education in in Canada wondering how the startup visa can speed up the your immigration process yeah I mean in terms of speed and this is the fastest immigration route that I’m aware of at the moment in that I and my team can process the application within two to three weeks obviously that’s subject to endorsement in your interview etc but the whole process can be very very quick and one of the points that does tend to come up is in relation to the financial requirement and and there’s two areas of this one is maintenance and that’s ensuring that you have 945 for yourself plus 630 for each of your dependents. Now it goes perhaps goes without saying that for most people this is absolutely not an issue but this needs to be in your personal account for more than 90 days for 90 days and not dipping below that level and if it dips once then you have to start again that 90 day period to start the crewing that again and so that’s the only thing really that could hold up timeframe the other thing is that for the investment fund for the startup route there’s no minimum investment so that’s not a problem but for the innovative visa if you’re beginning on the innovative visa rather than switching to it you need to show that the 50,000 is available and if you’re relying on your own fund then that 50,000 needs to be in your personal epic that’s right if it’s in your personal account then the 50000 it needs to have been there for 90 days but if it under the rules oddly if it’s coming from a third party then it does not need to have been in the account for 30 days but there’s three specific bits of evidence that you need to show you need to have a bank statement showing that it’s transferable to the UK you need a letter pledging that money to your business saying that it’s available to your business and it’s not been promised to to any anyone else so I hope that helps us an answer to that question and then Siot you’ve said what are the chances for people who are not EU nationals but our permanent residents trying to move to the UK for employment yeah I mean I’m gonna do a separate thanks very much for your question side I’m gonna do a separate video possibly tomorrow on the difference between and the relative advantages disadvantages of going for tier two so the tier two general work visa which would apply to most people or these startup visa because on a Tier two visa you need to get sponsorship by a prospective employer which may be fine but a lot of my clients are entrepreneurs and don’t necessarily want an employment

relationship on a fourth ah you know especially on a full-time basis so that’s where the startup visa can be great because bear in mind you can you can actually work part time on that so you can for the minority of your time you can be doing other work so if you’re working seven days a week as many entrepreneurs are and you you you know you can do four days on your startup working on your business and then three days working part time which can be a great solution for many especially if you do want to maintain you know say a separate consultancy business or if you just want to get other work in the UK because you’re not restricted in respect of that work so I would say side that you can that you can consider having a start-up and also working part time so I hope that that helps in answering your question if you do have patent residents in another member state you would still need a visa for the UK though side and you wait let me make sure I’ve answered to your question yeah you’ve said that you’re running education in Canada I take that to mean that you’re you’re in education at the moment and how the startup visa can speed up your immigration process I’ve spoke spoken about the processing time you’ve said you have a strong marketing team and tech support for a new a learning platform and have already got a basic prototype that grows on your existing business great that sounds really promising for the ANU highlighted the investment funds issue yeah and that that’s that’s not optional it’s mandatory and so you’ll need to have those those funds in the account for 90 days that’s both the investment the investment fund if you only a fuel point for the innovative visa and the maintenance fund since the maintenance funds are very low so 945 for the main applicant and 634 dependents but I don’t come across anyone who has any issue with with those funds but the investment funds do need to be tackled carefully I’m probing let me make sure that I’ve got your question yeah if you probably if you want help with the the endorsement process I’m happy to speak with you to hear about your idea in terms of securing an endorsement you do have to meet the criteria that I explained yet do just drop me an email if you’re going to make any applications the endorsing bodies that’ll be interesting interested to hear how you’ve you’ve got on site and feel free to get in touch with me he wants to know more detail about the startup visa I’m happy to to send send through my material and a short guide about that so look thanks guys for your questions I hope this was helpful and I very much look forward to hearing from you if you want to get in touch and if you are applying on to any of these visa routes or if you have any questions and you can drop me a message below on whatsapp or for legal advice and assistance you can you can email me on the details below thanks very much and bye for now