First of all, congratulations! You have reached the first step of a very emotional process that is difficult to explain to those who have not experienced it. Now is the time to take a deep breath and recharge your batteries, because very soon you have to begin thinking about renewal.
"Renewal?" you will ask. "But they just approved my visa!" Although this is true and you still have some months to prepare, you should not underestimate the complexity or length of the process that you will inevitably face. And the best way to face the inevitable is to prepare properly.
The first thing the USCIS will want to see is that the proposed plan was fulfilled, along with how the business has evolved from the initial plan to the present date. The history of your business will be summarized in an updated business plan document. Ideally, this document will show positive growth and will be thoroughly aligned with the objectives initially set.
But, what steps do you have to take to make it happen?
The most important step is to have a clear action plan and review it periodically. We have worked with thousands of entrepreneurs and we see that what separates successful entrepreneurs from those who struggle to cover their expenses is the ability to envision a plan and then execute it. What should the plan have? One question to answer is how you plan to gain and retain customers. Companies do not disappear due to lack of products and services but due to lack of customers. Make a schedule and plan to work in coordination with your team. Set clear and realistic goals and objectives, and always set a deadline for them.
Check your plan constantly. Business dynamics in the US are constantly changing and your plan must adapt to them. Have new competitors entered? Are there new ways to attract customers? Have your prospective clients evolved in any way? These are all valid questions that will help point your plan and your business in the right direction.
- Do you need help preparing your company for your E-1, E-2, L-1A, or L-1B visa renewal?
- Do you need to update your immigration business plan?
- Do you need business coaching services to help you expand your business in the United States?
Contact Visa Business Plans today for a FREE consultation.
The information provided in this blog is intended solely for informational purposes. While we strive to offer accurate and up-to-date content, it should not be considered legal advice. Immigration laws and regulations are subject to change, and individual circumstances can vary widely. For personalized guidance and legal advice regarding your specific immigration situation, we strongly recommend consulting with a qualified immigration attorney who can provide you with tailored assistance and ensure compliance with current laws and regulations.
Visa Business Plans is led by Marco Scanu, a certified coach from the University of Miami with a globally-based practice coaching Fortune 1000 company executives, entrepreneurs, as well as professionals in four different continents. Mr. Scanu advises clients on turnaround strategies and crisis management.
Mr. Scanu received a bachelor’s degree in Business Administration (Cum Laude) from the University of Florida and an MBA in Management from Bocconi University in Milan, Italy. Mr. Scanu was also a Visiting Scholar at Michigan State University under the prestigious H. Humphrey Fellowship (Fulbright program) with a focus on Entrepreneurship, Venture Capital, and high-growth enterprises.
At present, Mr. Scanu is the managing partner and CEO at Visa Business Plans, a Miami-based boutique consulting firm providing attorneys and investors with business planning services in the areas of U.S. and Canadian immigration, SBA loans, and others.
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