Skip to content

Small business hub

Build a dynamic, agile business able to thrive in today's high-tech business environment.

Setting up in practice

If you’re starting as a sole trader, partner or director, there are a number of considerations including statutory requirements and specific RICS requirements for firm regulation.

Funding and finance: consider your options

Be clear about how you're funding your business. There are many options:

  • self-financing
  • finance from friends and family
  • finance through banks
  • third-party investors
  • grants and government support
  • other sources of finance.

Insurance: make sure you're covered

RICS regulated firms must have professional indemnity insurance (PII) that meets RICS minimum requirements.

Download Tribe Advisory’s guide for SMEs buying PII

Alongside PII you'll also need:

  • public liability
  • buildings insurance
  • employer liability cover
  • directors and officers cover
  • contents insurance
  • business interruption insurance.

Advice: get impartial help from Business Link

A good source of information is Business Link – an online government resource with details on business, finance and insurance.

Discover how to build a successful small business

Useful links and resources


  • Providing guidance, financial assistance and support for professionals.

ICAEW Business Advice Service (BAS)

  • Practical online help, reports and chartered accountant consultations.

Find a Chartered Accountant

  • Online directory of over 21,000 chartered accountant firms.

Department for Business, Energy and Industrial Strategy (BEIS)

  • A range of government services provided by BEIS.

British Chamber of Commerce

  • Influential network of Accredited Chambers of Commerce across the UK.

Federation of Small Businesses

  • Leading organisation representing small- and medium-sized businesses.

  • Government's online resource for small businesses with easy-to-use tools.

The Guardian Small Business Network

  • An online community helping SMEs engage with new ideas.

  • Mentorsme is an online gateway for SMEs looking for mentoring services.