It certainly hasn’t been a gloomy January here at Infinity Nation HQ. Our most recent exciting piece of news is our Managing Director, Al Keck, has been selected to take part in the Goldman Sachs Management Program.
What is this you ask? Well, it’s a brilliant initiative that is ‘an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services’ as stated by Goldman Sachs.
200 applicants applied and only 40 were selected, of which Al was one of them! So we understand the initiative, but what’s the impact of the program?
Well, according to Goldman Sachs, 68.7% of alumni went on to increase their business revenue at six months. 47.9% of businesses created roles at six months and that figure rose to 60.9% after 30 months.
For those wondering how the initiative works, Goldman Sachs boils it down to three parts:
- Practical business education – which aims to partner with local colleges to provide small business owners with a practical business education.
- A network of support – facilitate opportunities for small business owners to receive expert advice from professionals.
- Access to capital – work with small business lenders to expand access to capital.