Author - Sarah Bissitt

forum of private business

Benefits of joining The Forum of Private Business

The Forum of Private Business

The Forum is a not for profit business organisation that was formed in 1977 to support all small to medium size business in the UK.

Today the Forum has thousands of members, mainly smaller employers and family businesses, that rely upon them to ensure that they run their business and remain fully compliant with all Legislation and Regulation that affects their business. It is all too easy to unwittingly and innocently breach legislation. Ignorance is no excuse in the eyes of the Law and that can lead to huge expense in penalties for any business.

This is why the comprehensive, unrivalled support and indemnity that the Forum provides its members with is so essential. (Fact The current cost of red tape and regulation to UK business runs to 18 billion pounds per year. Forum members spend much less than non-members on compliance issues).

24 hours a day 7 days a week Specialists are on hand at the Legal advice helpline to provide advice on Employment (including disputes) – Health & Safety – Licensing – Environment and anything else that you need urgent advice upon. During normal office hours you can speak to and get advice from our specialists on all areas of Taxation and other less urgent matters of General advice.

Where advice has been sought and followed, should matters escalate to proceedings, your legal defence costs are covered for up to £50,000 per claim. In addition any costs for professional fees for dealing with Tax investigations by HMRC are covered, directly with your Accountant.

The Forum provides an on-line library of Legal document templates for Employment – Health & Safety and much more are all freely available to members saving you hundreds of pounds in legal costs.

The Forum also take your concerns on business issues right to the heart of Government in Westminster – Lobbying and campaigning on your behalf to bring about change to benefit small businesses and reporting changes and updates in legislation back to you.

Because membership to the Forum runs into thousands of businesses this gives the organisation strength in numbers to negotiate real savings on a whole range of business essentials and those savings are totally passed on to the members. Savings on: Diesel Fuel – Energy – Telecoms – Card Payment processing fees – Insurance – Pensions – Company Compliance services and much more.

In fact, many members taking advantage of the schemes save several times the cost of their membership.

At membership costs starting at £175 per annum can you really afford NOT to be a member?

The Forum’s website can tell you so much more, to visit The Forum of Private Business click here.

New government backed franchisee funding launched by CWRT

cwrt logo smallIt is a big step from deciding to start a franchise to actually opening your doors for business. For many, one of the biggest hurdles is raising the finance to start up your new business venture.

To help overcome this barrier to setting up a new franchise, the Coventry and Warwickshire Reinvestment Trust has launched a new Franchise Fund, lending between £1,000 and £75,000, to help finance the purchase of franchise licenses and encourage employment.

Franchising continues to be a dependable business opportunity and UK franchisors and franchisees are confident about the future, with nine out of 10 franchisors reporting optimism for trading conditions over the coming year.

We finance those businesses that mainstream funders, such as banks, fail to support. Many of the start-up companies we work with have become very successful and created jobs, so we are providing a much needed alternative funding approach.

Aimed to support individuals without financial resources to start new franchise businesses, the new fund is another addition to CWRT’s lending portfolio.

With over 10 years of successful of providing start-up and small business loans, CWRT already offers start-up loans across the West Midlands and small business loans to Coventry and Warwickshire businesses.

The good news is that because franchising is recognised as a safer route into business than setting up on your own, CWRT is happy to lend for the initial investment as part of a reputable franchise.

When applying for a start-up loan, franchise business plans are a must have, and often the franchisor will help.

Our Franchise Fund is a great way to encourage new entrants into this vibrant sector. We are confident that with our start up loans for the upfront cost of franchise licences, financed businesses will grow and provide local employment.

Find out more click here

forum of private business

Compliance Support for your Franchisees, are you covered?

To ensure that your Franchisees run their businesses without making expensive mistakes that can threaten their business and your reputation, an increasing number of Franchisors are partnering with The Forum of Private Business. They provide the most comprehensive legal support and insured protection to Franchisees on all areas of compliance, and with many other money saving advantages on every day business essentials.

The Forum of Private Business was formed nearly 40 years ago as a Not-for-Profit organisation to protect and to promote the interests of small and medium sized businesses. Today it has thousands of member businesses spanning every industry, trade and profession who trust them to provide the knowhow and support. This is so important with ever changing Legislation and Regulation.

The Forum recognise that Franchisors provide the very best support to their Franchisees to ensure their success with their business model. However, very often their support does not extend to the issues of business compliance, which all businesses are expected to be conversant with. Laws and regulations on issues such as Health and safety – Employment – Taxation and Environment. Covering both the business and the principals. The Forum provide to all members a 24/7 Compliance and Legal Advice Helpline staffed by qualified professionals, backed up by an Insured Legal costs cover which includes Health and Safety, Employment tribunals, Business associated Criminal Prosecutions, contracts disputes, licence defence, Directors and officers cover and much more.

As a member templates are available online for employment contracts and supplementary HR documentation, health and safety etc. Extensive manuals both for Employment and Health and safety policy are available.

The Forum also used their strong buying power to arrange discounts on every day business essentials. From running your vehicle with vehicle fuel costs, to utility charges and credit card merchant fees and more. This is just one of many examples available from the Forum on how a member saved money

Case Study

A Franchise member in West Sussex running a fleet of 12 Diesel vehicles is now saving nearly £6000 per year on diesel fuel through his membership to the Forum of Private Business.

This is just one of the ways your franchisees save money and improve profit.

There are two ways in which Franchisors can partner with the Forum. The first is the most popular and economic, where a Franchisor will cover all Franchisees under a block agreement and cross charge within management fees. The second is where the Franchisors will recommend their Franchisees to join independently. Costs can vary but can start as low as £150 plus VAT per annum for a Franchisee with no employees. The Forum can provide you with a quotation to suit your needs and requirement.

To see so much more about the Forum of Private Business click here