Measuring Impact Beyond Financial Success w/Neesha Mirchandani (#FutureOfWork)

In this conversation, Hank Holiday interviews Neesha Mirchandani, an impact entrepreneur mentor, about the future of work and impact entrepreneurship. They discuss the challenges of living in an era of exponential change and how to navigate it. Neesha explains that impact entrepreneurship focuses on creating regenerative solutions that mimic nature and work in concert with it. She emphasizes the importance of measuring impact beyond financial success and optimizing for outcomes that benefit the planet. Neesha also introduces her magnetic pitch method, which helps entrepreneurs attract the right funders and repel the wrong ones. She believes that everyone has a part to play in making a positive impact. The conversation explores the importance of building a platform that brings together different types of intelligence to drive impactful change. It emphasizes the need for more transparency and visibility into the impact of investments. The discussion also touches on the challenge of applying capital in a way that maximizes overall outcomes and creates large-scale impact. The conversation then shifts to how existing organizations can align employee engagement with a strong organizational purpose. The importance of taking a disciplined approach to entrepreneurship and validating ideas before investing time and resources is highlighted. The session concludes with a reminder that even small actions can make a difference and empower individuals to be part of the change they want to see in the world.

This conversation was an installment of Quorum1’s Future of Work Series: Exploring the future of business, employment, emerging tech, org design, capitalism, and participatory governance structures.

More about Neesha: https://www.impactstars.com/

"Find Funding Faster" newsletter: https://findfundingfaster.substack.com/

--- Chapters:

00:00 Introduction

03:24 Balancing Personal Well-being and Strategic Adaptation

05:23 Defining Impact Entrepreneurship

09:07 Exploring Regenerative Solutions

11:11 Synchronicity Between Traditional and Impact Entrepreneurship

12:20 Shifting Metrics for Success in Entrepreneurships

13:45 Magnetic Pitch Method for Funding

16:48 Optimizing Entrepreneurship for Impact

20:19 Aligning Organizational Purpose with Employee Engagement

23:41 Developing a Dashboard for Impact Stories

28:25 Power of Narrative and Community Support

29:45 Engaging Employees in Existing Organizations

34:10 Tips for Impact Entrepreneurs

35:49 Audience Interaction: Validating Business Ideas

--- Takeaways

• Living in an era of exponential change requires finding a balance between slowing down and embracing the pace of change.
• Impact entrepreneurship focuses on creating regenerative solutions that mimic nature and work in concert with it.

• Measuring impact should go beyond financial success and include outcomes that benefit the planet.
• The magnetic pitch method helps entrepreneurs attract the right funders and repel the wrong ones.
• Everyone has a part to play in making a positive impact, whether as an entrepreneur or in other ways. Building a platform that brings together different types of intelligence is crucial for driving impactful change.
• Transparency and visibility into the impact of investments are essential for investors.
• Applying capital in a way that maximizes overall outcomes and creates large-scale impact is a challenge.
• Existing organizations can align employee engagement with a strong organizational purpose.
• Validating ideas and taking a disciplined approach to entrepreneurship is important.