How to integrate impact in your business from the start

Many of us have ambitious dreams to create social impact. The good news is that there are many ways your business might directly or indirectly generate positive impact. You might work directly on a thematic area that addresses social or environmental issues by reducing gender-based violence or repurposing plastic waste. Or, you might directly address underserved beneficiaries such as migrants & refugees, uninsured individuals, youth at risk and more. OR, you might discover ways that within your business model, you can generate impact - from your revenue stream, or activities or partners. This is where there is opportunity to get creative and act on the change you desire to create!

In this focus area, we offer multiple perspectives on applying impact in different ways and also provide templates for planning and measuring the impact you're creating.

READY, SET, GO CHANGE THE WORLD!

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PODCAST

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https://open.spotify.com/episode/1d3dR4r7Vt1HWti2f2Za8y?si=jEHTEXzfSPqeY5volMTveg

<aside> 📎 Focus Overview

  1. Useful frameworks to plan for impact (Social business model canvas, Theory of change, Circular economy)
  2. Useful tools to measure impact
  3. Q&A with Ramona Liberoff, Impact Investor and Entrepreneur-in-Residence at LSE
  4. Additional Resources

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USEFUL FRAMEWORKS TO PLAN FOR IMPACT

We present 3 different frameworks that will help you plan for impact:

  1. The Social Business Model Canvas

  2. Theory of Change

  3. Circular Economy

1. SOCIAL BUSINESS MODEL CANVAS

We've all seen a business model canvas, right? But how about a SOCIAL business model canvas? Here are a couple of examples you can use so that impact is deeply rooted at the core of the business. The idea is that you can succinctly capture your entire business model, including the environmental, social benefits as well as partnerships that are often forgotten in the traditional one.