Another “inspiring” year at MADE: The Entrepreneur Festival

By Jake Martin

3 min read

It was another great day at MADE: The Entrepreneur Festival on Thursday, where Intuit was helping small companies, accountants and startups run their businesses more easily and effectively.

We held our Financial Fitness workshop, as well as launching our Insight roadshow for accountants and matching members of the Intuit 100Up group with mentors.

Financial fitness       

The Intuit Financial Fitness workshops offer hands-on advice to help business owners get more confident in managing their finances.

Here’s what some of the small businesses that attended our financial fitness workshop had to say:

“The main thing I learnt was the difference between cash flow and profit. This was not something that I had really thought about before and I found the session to be a really helpful introduction.” (Marisa Spoon Bolaget)

“The main thing I learnt about was VAT registration.” (Samuel Huber)

Mentors

Later in the day there was a mentoring event for the Intuit 100Up group, with a speech from Michael Fallon, the new Enterprise Minister, in which he announced that a network of 22,000 mentors is now accessible to small businesses. 100Up members were teamed up with an experienced mentor from the government’s Get Mentoring scheme.

The Intuit 100Up group, supported by the National Association of College and University Entrepreneurs (NACUE), is a community of the UK’s most inspiring and high-potential start-ups and young entrepreneurs. It seeks to shine a light on young start-ups and aspiring entrepreneurs who are taking the leap to get their companies going. 100Up is the product of a co-venture with the Department for Business, Innovation and Skills (BIS) and builds on its ‘Business In You’ campaign.

We asked mentees and mentors what they hoped to achieve through their mentoring relationship and what they will take away from this year’s MADE: The Entrepreneur Festival. Here’s what they said:

“MADE Festival was particularly good for its inspirational speakers, especially Peter Jones. The opportunities the 100Up has provided have been very useful. I wouldn’t be here today if it wasn’t for the 100Up group.” (100Up mentee Taric Matticks, who is setting up a new business).

“Access to mentors is really what is required to get things off the ground. Speaking to David [Chibuike’s mentor] shows what I need to pursue to find opportunities. I have now got the expertise I needed. Intuit 100Up is a great platform for a great idea.” (100Up mentee Chibuike Madufro, who is setting up a new business – a one-stop virtual location service for people with disabilities.)

“I am hoping to help Chibuike to develop his business idea and flourish as I like to feel like I am putting something back after my own success. It is my opportunity to help a new business venture to flourish. The key word is to ‘enable’. The MADE Festival has shown how many opportunities there are both for entrepreneurs and also for investors. It shows how much enthusiasm there is for the task on the ground and how much there is going on. The word to sum up the day is ‘inspiring’.” (Get Mentoring mentor David Thornton – mentor to Chibuike and angel investor).

“Inspiration is the main thing that MADE has given me. There is such a buzz in the audience and a willingness by everybody to try new things. It is good to see how much people look up to the business role models who are there such as Peter Jones.” (100Up mentee Ollie Melton from INeedBabyStuff, an online shop for baby clothes).

“It has been a great day. I think the most important thing is for people to believe in themselves and their ideas. This leads to success for you and your business.” (Valentina Tartari – Get Mentoring mentor to Ollie).

Are you a small business looking to get your finances organised? Click here to book onto our next financial fitness workshop.

Are you an accountant? Book your place on the free Insight event near you – learn how market conditions will influence your practice and how you can increase profitability. You’ll also get a free copy of QuickBooks Accountant Edition 2013.

Were you at MADE: The Entrepreneur Festival this year? Did you attend any of the Intuit sessions? What ideas will you take away from the day?

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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