How much impact will your idea have? GoodCompany wants to project your impact

How do you measure your impact? GoodCompany Ventures is working on a model to help answer that question.

On July 8 from 4:00 p.m. to 6:00 p.m. at Impact Hub, GoodCompany will share a new standard in measuring and projecting social impact. Their Social Impact Projection (SIP) model is designed to help entrepreneurs quantify their businesses both financially and socially, so that they can better communicate their impact to investors.

Following a debut at Sustainatopia LA in May, the company is looking to test drive the SIP model on more businesses. This summer, GoodCompany Ventures will host entrepreneur workshops at Impact Hubs across the east coast (New York, Philadelphia, and Washington DC) to debut a new model for SIP geared towards early-stage social enterprises and angel investors in development with Investors’ Circle.

The model is designed to be completed in under 90 minutes, and provides social enterprises a way to appropriately frame their impact objectives in line with their financial projections. Each workshop GoodCompany will allow to 10 social entrepreneurs to learn about the model and apply it to their business plan.

They’ll also work with the GoodCompany team to complete a Social Impact Projection report, that attendees can then use for management, marketing, and fundraising efforts. They also may be selected to become a part of the Entrepreneur Advisor Group that will help to further the SIP framework.

To apply for the workshop, contact Adam Caplan at adam@goodcompanygroup.org by Friday, July 3 with the following:

• Executive Summary or pitch deck
• Identification of social impact sector(s)
• Estimation of 3-5 year revenue objectives

Image via Shannon Collins