By Marcus Leach
Intuit has announced a nationwide series of business boot camps supporting the new Finance Fitness campaign announced by Vince Cable today (Thursday).
Intuit, the makers of QuickBooks small business accounting software, will run events in six cities across the UK, assisted by the new government campaign to get SMEs the advice and guidance they need to access and manage finance.
The Business Secretary Dr Vince Cable today launched the challenge to companies to provide practical, accessible advice and support to SMEs at the IMAX theatre. Intuit’s campaign will see a number of events held in 6 cities across the UK.
The cities will be announced during Global Entrepreneurship Week on 17 November. The events will be run as business boot camps providing practical training and will also include opportunities for business owners to speak to Intuit pro-advisors, as well as leading entrepreneurs.
This initiative fits into the Department for Business’s wider Finance Fitness campaign- mobilizing providers like Intuit to provide support and advice to help small and medium businesses access the finance they need to thrive and grow.
The initiative will also involve founding Dragons’ Den panellist Doug Richard who is working with Intuit to deliver some of the boot camps to complement his Web Fuelled Initiative programme, which will help 3,500 small businesses to exploit and leverage the internet.
“Small firms must be able to get access to the finance they need to grow. The Finance Fitness campaign we are launching today will equip them with the advice and guidance they need to do so.," Business and Enterprise Minister, Mark Prisk, said.
“The wide range of public and private finance options available can be daunting to a new entrepreneur. 15 per cent of SMEs do not apply for finance despite needing it, so we want to provide these businesses with the knowledge and confidence to secure the finance that is right for them.”
Pernille Bruun-Jensen, Managing Director UK, Intuit was delighted to add her weight to the campaign.
“We are thrilled to be working with the Department for Business, Innovation and Skills on an initiative that has such a crucial importance for small businesses," she said.
“Entrepreneurs aren’t always financial experts and for many, managing their finances is one of the most difficult and challenging aspects of starting up. Through the financial fitness programme, Intuit intends to help entrepreneurs enhance their business performance through inspiring training and advice.”
Attendees on the financial fitness boot camps will learn the basics of good recording keeping, how to track and improve cash flow, as well as save time on everyday tasks like invoicing, expenses and calculating and reporting VAT.
Attendees will also have the opportunity to speak with Intuit’s small business specialists for advice and time saving tips.
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