Whether you're interested in the smaller business community, are planning to start a business or have an existing business, we have a package for you.
Our most popular package is FSB Business Essentials which includes a whole range of benefits and products designed to make your business fly
A suite of legal benefits including a dedicated helpline, bundled insurance products and a range of online information to keep your business safe. Plus a whole range of negotiated benefits to help save you money and win business.
Our Business Creation package is designed to make starting a business simpler, allowing you time to focus on what's important - making it a success.
Specialist company formation benefits, access to FSB networking, business banking and a range of products to help get you setup in business.
Whatever your circumstances, we have a package to suit you and your business. Click the button below to see which benefits are included in each package and start your FSB journey.
'I just felt wow, I want to be part of this organisation so I joined.'
'Having someone there like the FSB who you can just call on for those other things you’re not quite sure on, it’s been invaluable.'
'What you can save by taking up some of the membership offers will save you your membership fee.'
We represent a diverse range of businesses from retailers to marketing agencies and just about everything in between. Take a look at more member stories and see how we could help your business fly.
More Member Stories
We offer three packages to suit your business needs. Joining FSB Connect is free, our Business Essentials package starts at £177 in the first year and our specialist Business Creation package has a fixed price of £133.
Taking the time to outline how your business will operate is an essential part of hitting the ground running, says Christopher Allen.
A business owner will need to undertake a number of activities when setting up a business, including marketing, book-keeping, and possibly hiring staff. However, the real starting point should be a business plan, as this will give your process structure and organisation.
From the outset, it is important to identify from the reasoning behind creating a business plan. Is it to secure funding such as grants and loans, or is it simply for structure? If it is to secure funding, the business plan should tell a story about the business, making it easier for the lender to understand the vision, strategy, revenue and profit expectation.
One area I suggest paying close attention to is the sales forecast, which helps the lender to understand how financially viable the business is. These are usually projected over one, three and five-year periods and include sales revenue, gross profit, net profit and the amount of products or services that will need to be sold to generate a profit.
When completing a cash flow forecast, start by identifying the business’s expenditure, so that you can find your ‘breaking even’ figure. So if the product or service sells for £100 and the monthly expenditure in rent, stock, equipment and insurance equates to £500, you must sell five products to break even; any additional sales would be considered profit. Refer to your forecast regularly, to ensure the business is moving in the right direction.
Even if you do not require funding, creating a plan is still beneficial, as it can provide structure and help you identify how the business will operate and whether there are any key requirements, such as licences, permits, registration or qualifications. This should be researched from the outset, as there may be costs and timescales attached when obtaining them, and not complying with legal requirements may result in the business owner being fined or prosecuted.
Below are a few other areas to consider when starting a business:
Registering the business: Whether you start as a sole trader, limited company or partnership, you are required to register with HM Revenue & Customs (HMRC) and Companies House. Once registered, you will receive documentation and a registration number; either a Unique Tax Reference, a Company Registration Number or both.
Insurances: Business owners should consider acquiring specific insurance policies to safeguard the business. For example, if you intend to hire staff, you are legally required to have employer liability insurance. This usually protects you and the employee in the event of a workplace injury. Other insurance policies can range from public liability insurance and business interruption insurance to product liability insurance.
Solicitors: Starting a business is likely to involve obtaining and reviewing legal documents. It’s worth using a solicitor to review a contract before entering into it. This may come at a cost, but it could limit your exposure and save you money in the long run. In legal documents, look out for price, term/duration, obligations, cooling-off periods, fees, limitations, deposits and break clauses.
Business bank account: As a sole trader, you should ideally use a separate bank to your personal bank account. Equally, if you operate as a limited company, limited liability partnership, charity or a community interest company, you must use a business bank account. This will help separate your personal finances from your business, making it easier to complete your end-of-year accounts.
Health and safety: Health and safety requirements will differ depending on your sector and number of staff, and will involve completing risk assessments and complying with rules and regulations. It is worth contacting professional bodies, local authorities and the HSE for sector-specific advice.
Handling personal data: If your business involves handling personal data such as names, addresses and CCTV footage, you may need to register with the Information Commissioners Office. Completing a self-assessment on the ICO website should help you determine whether you need to register.
The key requirements for starting a business are not restricted to the above considerations, but they make a great starting point. Often, the biggest barrier to starting a business isn’t the operational aspects, but the business owner’s lack of belief in their skills, willpower and confidence.
Factsheets and downloads for: Employment Law, Taxation Matters, Business Law and Health & Safety information. All free. As well as monthly bulletins.
Don’t let late payments give you sleepless nights
GDPR one year on
Card Fraud: How Do I Protect My Business?