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The ForumOf Private Business
Is this you?• People usually start a business because they have a belief, a desire, a
passion for what they do. • Initially they are the best person to build, grow and develop their business and over time, they will see that growth , get premises and
start to employ people to share the workload.• The business owner will start trying to work on the business instead of
in the business to develop it further but the burden of compliance and red tape starts to bog them down and they find that a lot of the time spent working on the business is actually spent dealing with these
compliance issues and less on business development.
• That isn’t healthy for any Business!
The facts :-• You may think that you can carry on dealing with things as you
always have but issues outside your control are changing.
• The cost of compliance has gone up by 1.8bn in the last 2 years from 18.2 billion in 2013 to 20 billion in 2015.
• 13.5 billion on internal costs and 6.5 billion on external consultants to help with the burden.
• As a result company owners have 58% less time to spend on their business and 43% of companies have less capital to help them grow and develop their businesses.
So what choices do you have?• Carry on trying to cope and muddling through. This
usually means business development will slow or stop altogether.
• Be reactive and put trust in the outside professionals you already have to provide you with a degree of support and refer you to others for specific problems that are outside their field. This reactive approach usually proves expensive, fragmented and often too late.
• Follow the Big business approach and bring in your own professionals. This is the way big companies solve the problem of compliance but is too expensive for the majority of private/family businesses.
• Be proactive and outsource compliance to top professionals which can also be expensive unless you choose The Forum. We use the same top professionals that big companies use but for one affordable cost per year, regardless of usage.
So Who are The Forum?• We were formed in 1977.
• We are a not for Profit Membership services company.
• We represent many thousands of member companies.
• Our members are predominantly private and family businesses that employ between 1 and 50 employees and also start-ups, all looking to prosper and grow.
• Which usually means they are big enough to need to be compliant but don’t have their own in house professionals.
Remember the 20 billion?• The cost of compliance has gone up by 1.8bn in the last 2
years from 18.2 billion in 2013 to 20 billion in 2015.• 13.5 billion on internal costs and 6.5 billion on external
consultants to help with the burden.
• What does that £20bn mean for your business?• £14,900 average cost per business.• £1,900 average cost per employee.
• The 3 main areas are:-• Employment Law.• Health and safety.• Tax compliance.
The 3 main areas – more detail :-• Employment Law, 5.2 billion cost.
– 38% of all business had an employment dispute in 2014 or 1 case for every 8 employers, Average Tribunal cost of £12,000.
• Health and safety 5.7 billion cost. – businesses spend roughly 9.6 days a month on H&S issues,
13,790 enforcement notices issued with the average pay out being £35,000.
• Tax compliance 4.2 billion cost.– Tax investigations growing and the law is weighted in their
favour, 10% jump in vat investigations yield in 2013-2014 it has doubled in the last 3 years, capital gains tax yield up 24% in 2013-2014.
In practical terms :-• Forum members average spend on external support on
employment disputes is £630, non members pay £3,952.
• Forum members spend 27% less time on health and safety issues than non members.
• Forum members spend considerably less than the average company spend of £6,570 that non members pay in dealing with tax investigations.
So how do they achieve this?• By choosing from The Forum’s membership options:-
• Standard Membership OR optional Enhanced Membership.
• Optional Company Secretarial Service.
• Optional Cyber Crime Protection.
Every member gets as standard:-• Full legal and professional support.• Crisis Legal Helpline available 24/7.• A voice where it counts .• Access to our Product Partner savings.• We produce our own guides and materials to help member
companies to develop and grow as well as sharing our members learning and experiences so the problems and pitfalls involved in running a business can be avoided.
• Through our partners, contacts and educational establishments we provide access to courses and content that can help the members.
• We produce regular newsletters and a bi monthly magazine.
What next?If you have a belief, a desire, a passion for what
YOU do, then talk to me today to find out how we can help you win the battle, so that your business
survives and prospers.
