NxLeveL®'s Measured Economic Impact
A third party evaluation was commissioned to determine the economic impact of the NxLeveL® courses. The University of Calgary conducted the study. The results showed that an existing business, on average experience a 32% increase in gross sales within one year after graduation, and create 1.3 new jobs. Graduates with smaller companies (annual gross sales less than $200,000), experience an even more dramatic success rate with an average of over 200% increase in sales.
With regards to business start-ups, 40% participants start a business within one year after completing the course. Another 20% continue to work on developing their business concept. When surveyed after three years, over 93% of the businesses were still in operation, whereas the national average is a mere 16.5% for the same time period.
The survey also showed that the majority of the NxLeveL® participants use the business plan created in the course to obtain financing for their business.