If you are an entrepreneur, you have probably heard of the Business Model Canvas. This well-known and widely relied-upon tool is missing one important detail: social impact!
Today on the "Full Disclosure" blog, Kari shows us how to use this tool to include social impact by asking mission challenge questions during the process. Join her on the blog for this step-by-step process.
We took a few days off but we're back for this week's #GivingTuesday . Sierra Leone has been hit by massive flooding and mudslides in the nation's capital, killing nearly 400 people and hundreds more missing.
This is a heartbreaking tragedy affecting the entire country and help is direly needed. Consider supporting international orgs such as @careorg, @savethechildren, and @actionaid who are on the ground.
Here are 22 awesome ideas for a social enterprise: (link to article in bio)
1. Social supermarket
2. Used textbooks for social change
3. Online socially conscious marketplace
4. Sustainable water
6. Social crowdfunding
7. Baking/ cooking for a social cause
8. Efficient wood stoves for developing world
9. Innovative Information products
10. Micro power generation
11. Socially conscious consumer electronics
12. Education books on social topic
13. Ultra- modern technology
14. Beauty products
15. A virtual factory of computer products
16. A marketplace for social good
17. Exercise equipment for social outreach
18. Education travel company
19. Food for philanthropy
20. Social products and employment
21. Water for everyone
22. Micro-giving for easy philanthropy
YEP. Ready to un-learn what the status quo has taught you and rewire your brain to activate your agency? Click the #linkinbio to indulge your best bit (your brain!) and start learning a new way of seeing the world. 💥
Need some ideas on how to create a double and triple bottom line profit? Here’s some of the most common frameworks that social enterprises use:
1. Cross-Compensation – One group of customers pays for the service. Profits from this group are used to subsidize the service for another, underserved group.
2. Fee for Service – Beneficiaries pay directly for the good or services provided by the social enterprise.
3. Employment and skills training – The core purpose is to provide living wages, skills development, and job training to the beneficiaries: the employees.
4. Market Intermediary – The social enterprise acts as an intermediary, or distributor, to an expanded market. The beneficiaries are the suppliers of the product and/or service that is being distributed to an international market.
5. Market Connector – The social enterprise facilitates trade relationships between beneficiaries and new markets.
6. Independent Support – The social enterprise delivers a product or service to an external market that is separate from the beneficiary and social impact generated. Funds are used to support social programs to the beneficiary.
7. Cooperative – A for profit or nonprofit business that is owned by its members who also use its services, providing virtually any type of goods or services.
Acumen Fellow Shamim Akhtar lived as a boy for 12 years in her village in rural Pakistan to access an education. Today, as an educator and activist, she's making sure every girl in Pakistan is able to go to school. // Drive positive change in your community like Shamim. Apply to become an Acumen Fellow today! Link in bio. #AcumenFellows
🌴La sonrisa de Kathe, tiene 18 años y es originaria de Quibdo, Chocó. A los 11 años fue reclutada en contra de su voluntad por una red de trata de blancas. Kathe logró escapar, situación que le dejó una cicatriz en su pierna derecha y llegó a Medellín a trabajar a una casa de familia. El año pasado llegó a Cali, se vinculó a Catering Company, terminó su bachillerato y hoy se está capacitando como auxiliar de cocina.🌴#segundasoportunidades#impactosocial#socinn
We are thinking today about the triple bottom line of purpose-driven business: profit, people and planet. It takes a lot to balance all three of them, all at the same time. What are some of the ways you do this? We would love to hear your thoughts in the comment section!
Recently, Mehrafza of @heartbrainstudio and our founder @leylaacaroglu teamed up to create a Circular Systems Thinking Activation Pack. They also published an interview re: their collaborative efforts. In it, Mehrafza asked Leyla: "If you could change something in the world immediately, what would it be?" 🤔Here's Leyla's response: "In the world? So many things to challenge! But right now my big objective is to flip the script on what it means to care about the planet and the people we share it with. To change the dialogue around sustainability and to activate systems thinking as the critical missing link in solving some of the complex problems we see in the world around us. To activate creative problem lovers who are curious and courageous (that's why I started the UnSchool!) and to create collaborative connections between like-minded changemakers so that we can become more transdisciplinary and get shit done!" 👏👏👏 Want to flip the script with us? Let's do it! Find out how you can team up with us via the #linkinbio , or send us a message to learn more 👊🙌
21 hours later flying YYZ ✈ IND ✈ DCA ✈ DEN ✈ ASE, I'm finally (finally!) in Aspen.
I'm proud to be one of 15 global Fellows flying in from around the world to join The Aspen Institute as we examine personal and global leadership within the context of philanthropy and social innovation.
As the only Canadian, I'm looking forward to sharing my experience and perspective on how we're building more liveable and sustainable communities in #Toronto and #Canada , as well as how our leaders effect change including #leadership styles that work and don't work.
See you on the 25th, Toronto! #socent#socinn#SDGs
6 Questions to Ask Before You Start a Social Enterprise via @fastcompany (link to article in bio)
1. WHAT IS THE PROBLEM YOU’RE TRYING TO SOLVE?
Social enterprises are created to solve a social challenge using the power of the market. And it’s important to consider that mission when developing your business plan, planning to raise capital, and implementing your strategy. It’s important to know what is at the heart of what you are trying to achieve.
2. WHAT IS YOUR BUSINESS MODEL?
Startups that are focused on social impact have some unique challenges as they build out a business model, and this is sometimes referred to as the “serving two masters” challenge. While there are plenty of companies who have found the right model and balance, new companies face common decisions that pit profit against purpose.
3. HOW WILL YOU MEASURE YOUR IMPACT?
Once a company has committed to a social mission and a sustainable business model, it’s then time to ask the question: “how will we measure our impact?” This is becoming increasingly important as impact investors ask companies not only for their financial projections, but also for how the business model contributes to solving a social problem.
4. WHAT IS YOUR PLAN FOR CAPITAL AND GROWTH?
Like any business, social enterprises need to develop a plan to assure there is sufficient capital to fund operations. If your business model ensures that as the company grows, so too does the impact, you should feel compelled to be on a track to maximize growth. To do so, you’ll likely have to consider taking outside investment.
5. HOW WILL YOU TELL YOUR STORY?
It’s important for social enterprises to take time to craft their stories in a way that appeals to both investors and consumers. More than an “elevator pitch,” social enterprises need a “passion pitch” that incorporates clear intention, measurement standards, and transparency each step of the way.
6. WHAT CORPORATE FORM SHOULD YOU TAKE?
Choosing the right corporate form is important to being able to raise capital from the right investors and partners.
Have you ever wondered how you can use a gamified approach to make positive change? We have a course for that! In our Gamification and Game Theory class, you'll take a closer look at the role that gamification plays in the world around us, how game theory motivates and influences our actions, and how you can use gamification and experience design in your change-making practice. You will also: ✔️Develop an understanding of gamification and game theory in action
✔️Learn to dissect and reorient game mechanics and mechanisms within real world environments.
✔️Gain understanding of the interconnectedness of experience design, social constructionism, motivators, and problem arenas
✔️Explore what motivates your actions in the world, and how to use these new insights to employ tactics and tools that stimulate change
✔️Develop confidence in using gamification to design your own engaging experiences in the problem arena of your choice.
✔️Learn how to use gamification systemically to stage creative interventions that leverage positive change.
Ready to get started? Surf over to online.unschools.com, choose "All Courses," and select the icon that looks like this photo ("Gamification and Game Theory") 💥🙌💥
Tomorrow a few of us will be hopping on a train in Sydney with the sole purpose of starting up some conversations with strangers. We'll let you know how we go! 💬✌🏼️
In her new Medium post, @leylaacaroglu shares an in-depth look at her activated method for making change by design, the Disruptive Design Method: "The world needs more pioneers of change, people who are willing to intentionally and thoughtfully disrupt the status quo of deep-seeded problem arenas. Innovation is useful for iterating at the edges, but what I am interested in founding is a movement of creative changemakers who have the critical, cognitive, and practical tools to understand, intervene, and activate positive impacts globally." Read more here: https://medium.com/disruptive-design/making-change-by-design-the-disruptive-design-method-d38e11aed413 or #swipe to see the key words to search on Medium 😉
“Life is full of beauty. Notice it. Notice the bumble bee, the small child, and the smiling faces. Smell the rain, and feel the wind. Live your life to the fullest potential, and fight for your dreams.” – Ashley Smith
A great part of staying balanced is prepping for each day before we try and tackle what is on the day's to-do list. It may be exercise, a good breakfast, quiet time in prayer or meditation. How do you start each day as a purpose-driven entrepreneur? Tell us in the comments!
Villagers who have planted over 2.7 million trees along the Irrawaddy River in Myanmar will be getting a boost from tree-planting drones that can plant 100,000 trees per day(!). This will help residents focus on “the crucial part of the ecosystem restoration – the post-planting monitoring and management.” Want to read the full story? It's in your inbox in this week's edition of #DigestDisruption 💥If you don't already get our newsletters, signing up is free and easy ✔️ Use the link in our profile to get a weekly dose of creative disruption 🙌
Do you know who is sitting in this chair? It's your customer. Learn how to serve them well, and everything else will fall into place. "Your customer doesn’t care how much you know until they know how much you care." ~ Damon Richards
Here are some questions to ask yourself if you want to start a social impact business via @forbes (link to article in bio). The most important question to ask yourself is: Why?
Why do you want to launch this idea? Why is this going to help you create the impact you are looking to make? And what is the bigger picture you are working towards?
Here are three easy steps you can take today to start defining your “why” for your business idea:
1. Distill value from your current idea
You came up with your idea for a reason— what was at the root of why you cared about this idea in the first place? Since you are launching a business on a mission to do good, what are you hoping to achieve in the world? This can be a big, lofty goal for now, like “solving homelessness,” or “decelerating the speed of global warming.” Just focus on getting to the root cause of why this idea excites you.
2. Narrow your focus
Once you know the big, lofty goal you are working towards, start to narrow it down. Is there a specific demographic you are looking to reach in terms of age, location, socioeconomic status? Is there a specific segment of your problem you’d like to solve? For example, with solving homelessness, are you focused on street homelessness? The shelter system? Or perhaps destigmatizing the community?
You've identified and narrowed in on the details of the problem you are trying to solve. Now, consolidate it into one focused, specific message that you can articulate as your vision for the world with your idea in it. Make sure it’s broad enough to have multiple solutions but still narrow enough that you are able to focus your work and impact.
This message will be your guide for all the work that you do, and you may refine it over time as you refine your idea.
Starting with your larger goal is not only a best practice, but it is essential when you are building a business on a mission to do good. By starting with these three steps you will be well on your way to having a clearly defined vision statement.
El lanzamiento de la 3ra edición de #IdeasDeImpacto marcó un hito para @socialabmx, nuestro 8vo desafío, y el tercer año consecutivo colaborando con @epicentrofes, #SVXMx , #CompromisoSocialBanamex y por primera vez @angel.ventures
"If you don't stick to your values when they are being tested, they're not values: they're hobbies." Today on the blog, join Kari as she shares how she found her own values and how she is using them at this very moment to create the next big thing for Rank & File!
This week's #GivingTuesday is for @warmheartworldwide - a deeply impactful and inspiring organization supporting the community of Phrao in Thailand.
They address family care, education, micro-enterprise, environmental issues and more - and you can support their children directly through providing scholarships!
Just $1500/year or $125 a month helps to pay for 100% of schooling per child. A small gift provides education for a lifetime, and you'll receive updates along the way.
Drop them a line or sponsor a child at warmheartworldwide.org!
Gather around. It’s story time. 4 months ago, I got an email from @dctobc, who shared that @redbullamaphiko was accepting applications. This global program is a launchpad that helps social entrepreneurs accelerate their businesses. It begins with a 10-day boot camp, followed by an 18-Month capacity building program that’s especially tailored for each of 15 social entrepreneurs they select. I applied. I was rejected. Immediately after receiving my rejection notice, I followed up with an (admittedly long) email, detailing how I felt as though I would be a better contributor than I would a participant – given my eight years of building a successful organization. Guess what, ya’ll? They actually responded (telling me they loved my ambition). That ONE email I sent earned me ONE phone call, with AJ White (pictured here). That phone call led to being invited to be an official Contributor at their boot camp! I can’t tell ya’ll how honored I was to share my organizational leadership advice with innovative entrepreneurs who are truly changing the world. This post isn’t about a win as much as it is an illustration of where resilience can land you. I, quite objectively, failed when I got a rejection notice, but my persistence created a pathway to doing exactly what (in my heart) I knew I should be doing all along – inspiring/educating social entrepreneurs to chart paths of their own. I don’t know what the future holds, but I was grateful to join their team for two days and make an impact alongside a really capable @redbull team. Special thanks to @redbullamaphiko and congratulations to the exceptional cohort of participants! #redbullamaphikoacademy#redbullamaphiko#redbull#socialentrepreneur#amaphiko17#socent#socinn#hustle | 📸 @_yoshann
KOLLOM är ett projekt som syftar till att lyfta initiativ som tar tillvara på tomma lokaler på landsbygden för att odla på nya innovativt sätt. Vi var där för att se hur vi tillsammans kan tänka vidare kring området. Vi har fått del av tre olika projekt med potential att skalas upp. Två som handlar om att nyttja tomma lokaler för odling av bladgrönsaker/kryddväxter med olika teknik, och ett som vill föra in larver som proteinkälla i t ex fiskfoder. En stor vinst, förutom nyttjandet av de tomma lokalerna, är att det genererar nya arbetstillfällen när traditionella lantbruk läggs ner, dvs mer liv för landsbygden. Dessutom har dessa verksamheter ett verkligt imponerande kretsloppstänkande för hur alla resurser kan användas smart. Intressanta diskussioner som uppkom på slutet. De teman som utkristalliserades var finansiering (för att kunna få upp skalan och hitta ut till marknaden), behovet av en story (för att kunna sälja in produkterna till marknad och investerare) och regelverken (som emellanåt motverkar varandra och gör det svårt att navigera). Teman som känns igen från många innovationssammanhang.