Skip to main content
We're here with practical information for your business. Learn about business planning, running a business and more.

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

Advice on protecting your wellbeing, self-confidence and mental health from the pressures of starting and running a business.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Small firms step up to help their communities

2 June 2020

As businesses across the UK adapt to survive during the coronavirus crisis, many small firms are also making significant efforts to support their local communities.

A new report from the Federation of Small Businesses (FSB) has shed light on the scale of small business efforts to help their communities during the current crisis.

Although many small firms and self-employed individuals have had to temporarily shut down and face uncertain futures, FSB research has found that they are engaging with their towns, cities and local areas to selflessly help their communities.

The report, New Horizons, reveals that:

  • 57% of small firms are carrying out community roles during the crisis;
  • 23% of small businesses are helping key workers by providing PPE, volunteering and offering accommodation;
  • 24% have made donations to local food banks;
  • 30% of all small business owners have prioritised and supported vulnerable customers, with 19% offering free home deliveries.

The findings also show how many small businesses have reinvented their business models, products, services and business practices. For instance, 10% of small firms have introduced new services and 16% have developed a new online presence or improved their online offering.

FSB national chair Mike Cherry said: "Small firms have long been the champions of innovating, adapting and engaging with others especially during difficult periods, and the current situation is no exception.

"Right across the country we are seeing countless acts of kindness, volunteers and community efforts on display from small businesses and the self-employed, helping each other to survive, recover and thrive."

Cherry added: "Small businesses have introduced new creative solutions and frugally innovated to keep afloat and help others at this critical time. They have developed a wide range of innovative marketing strategies to provide their products and services during the lockdown.

"Small businesses remain the backbone of the economy, pillars of local communities and crucial outlets of support. Government support has ensured that many of these businesses can either continue to trade in some way or pick up where they left off after the crisis. That's why it's more important than ever to support our small businesses wherever possible."

Written by Rachel Miller.

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.