Showing Your Impact

Episode summary:

Social impact businesses can sometimes struggle to show results due to several reasons:

1. Complexity of Social Issues: Social impact businesses often tackle complex and deeply entrenched social issues such as poverty, inequality, or climate change. These problems are multifaceted and require long-term, systemic solutions. Measuring and demonstrating tangible results in such areas can be challenging and may take time to materialize.
2. Outcome Measurement Difficulties: Measuring the impact of social initiatives can be inherently difficult. Unlike traditional businesses that can measure success through financial metrics like profit and revenue, social impact businesses need to measure their success based on social and environmental indicators. Determining how much positive change can be attributed directly to the efforts of a social impact business can be complex, requiring robust measurement frameworks and methodologies.
3. Time and Patience: Achieving significant social impact often requires long-term investment and persistence. Social issues are deeply rooted and can take time to address effectively.
4. Lack of Standardized Metrics: Unlike financial metrics, there is no universally accepted set of metrics to measure social impact. This lack of standardization can make it challenging for social impact businesses to demonstrate their results in a consistent and comparable manner.
5. External Factors: Social impact businesses are often influenced by external factors that are beyond their control. Economic conditions, policy changes, cultural norms, and other external factors can impact the ability of social impact businesses to achieve their desired outcomes. These external factors can add further complexity to measuring and demonstrating results.

In this episode, you will hear how Catherine Griffin the CEO of ImpactableX is paving the way for social impact businesses and projects to show their results and receive more funding plus change the trajectory of the problems they are addressing.

 

Topics discussed in this episode:

- Being a Changemaker [6:54]

-  Stakeholders [8:30]

- Soul Work [9:30]

-  How Emotions are Holding You Back [13:50]

- ImpactableX [15:28]

- Addressing Problems and Getting Results [22:00]

- Startups [24:55]

- What Gets Funding [29:00]

- Memorable Project 31:00]

- Where is the Change Movement Going [35:00]

 

Quote:

“I think it is important to champion the people  behind these solutions and the application of the solutions so that they can scale.”

 

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- If you have a passion for an unserved community, a social justice problem or want to change minds contact Project Good Work at www.ProjectGood.Work to start your project of change today.