The National Institute for Entrepreneurship and Small Business Development (NIESBUD) and Intuit have announced that they have joined together to roll out a four-hour Module on Financial Literacy/Management for small businesses in the country.
Aimed at providing small business owners with critical financial management skills to run their operations in an increasingly competitive environment, the interactive, discussion-based Modules incorporate both strategic and tactical guidance, supported by group exercises based on real business situations that leverage the insight of small business participants.
Arun Kumar Jha, Director General, NIESBUD, said, "The desirability of timely, adequate and cheap financial resources to a small enterprise cannot be over-emphasized. However, a generally forgotten aspect of this crucial element is the paramount necessity to manage financial resources optimally. I hope that this joint initiative with Intuit would go a long way in dawning upon the owners of small businesses the importance of managing their financial resources optimally and equipping them with the requisite skills for the purpose".
Nikhil Arora, Managing Director of Intuit India, said, "Intuit is committed to empowering small business owners to take control of their financial lives and jumpstart their future success, and we are proud to collaborate with the key partners like NIESBUD to fill a gap in available training for small businesses. Our earlier work with NIESBUD and the Ministry of Micro, Small and Medium Enterprises helped us understand the barriers to technology adoption facing small businesses, and training, particularly in the area of technology and financial management, is an area of opportunity for the entrepreneurship ecosystem. We are honoured to be a part of this training with NIESBUD."
The three-phase curriculum was tested and validated by entrepreneurs in the development stages. As a precursor to introducing the Module across India to small businesses in the coming months, the curriculum will first be introduced during the forthcoming Training of Trainers (TOT) organized by NIESBUD at Nainital from May 21st to June 6th for Senior Faculty of its Partner Institutions. The TOT is expected to train 40 to 45 trainers from across the country, including a few small business owners themselves.
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