Attracting and retaining talent are a vital business activities that create a strong foundation for growth. In a highly competitive candidate market, however, finding and securing high quality candidates can be tough. For many businesses, being able to recruit internationally opens up opportunities to build their teams from a much wider market. An essential step in this process is becoming a Standard Business Sponsor (SBS) or Overseas Business Sponsor (OBS), but getting through these require commitment, with significant costs, lots of work, navigating the migration system and being very well prepared.

In many cases, SBS and OBS applications require a business plan, which we often complete at The Business Plan Company. For those of you doing your own business plans for SBS and OBS applications, here are our tops tips for creating a business plan with impact that really highlights your case.

  • Take the time, prepare and research. Navigating migration laws, application processes for SBS and OBS Visas and supplying the correct information can be daunting and very easy to miss some key requirements. Getting it wrong can result in a refusal for your application.
  • Work with an expert migration agent if you have the budget. Migration processes can be complicated to navigate, with many opportunities to more strongly state your case if you know how. A good agent can make all the difference.
  • Highlight the reasons that Standard Business Sponsorship and Overseas Business Sponsorship are needed. From the assessors point of view, the business plan needs to show why there is a compelling need to employ from outside Australia that can’t be met in the Australian market. Drive this home with descriptions of particular skills and unique experience needed, as well as the economic opportunity created.
  • Cover all the bases to show that your business is strong, viable and well managed. Evidence helps here, including details such as current team, financials, market position, awards, major clients, trading history and accreditations.
  • Present a realistic business plan, with investment levels, projected revenues, team members and market information achievable and in context with the local market.
  • Put it all together, to create a sharp, concise and well-presented plan and proposal that gives your business visa application the best chance.

Business plans for Standard Business Sponsorship and Overseas Business Sponsor are al in a day’s work at The Business Plan Company, writing more than 350 migration agents across Australia. Our expert team, based all around Australia, make the process easy.