Although calculating and understanding the social impact of startups might seem hard, ImpactableX simplifies the process by availing an impact modeling methodology that yields standardized, quantified, and verified impact analytics. Our modeling framework seeks to specifically suit social entrepreneurs as well as their investors through an impact accelerator. ImpactableX offers a primary modeling framework that makes it possible for founders to assess the impact that would be caused by different scenarios. This framework also contributes to the making of management decisions that would help optimize impact and revenue generated. Our modeling framework applies to all business models, all vertical impact, and all stages of business development. As sales estimates and primary data evolve, the inputs on our modeling framework can also be revised to help understand the broader consequences.
The tactics used to approach impact assessment go beyond the stationary quantification of startup data. The approach espoused by ImpactableX provides consistent and centralized tools of impact management that evolve dynamically. When assessing impact, founders are guided through the foundational components of our framework to facilitate the generation of a personal impact model. Of the three business levers, we start by defining the essential impact metrics of the company. These are the measurable impact expressions that dictate the significant value proposition drivers for the company. After this, our prototype of impact assessment will streamline the metrics with universal standards such as SDGs. The objective of this streamlining is to ensure that everyone is measuring the same units and working towards achieving aligned goals.
On the attribution lever, we assess the contribution of the company to problems as compared to the standard. ImpactableX will calculate the changes that are uniquely attributable to the intervention of the company. At this point of assessing the impact of a business, we get insights into the efficacy of unit impact and total impact over some time, often five years. With detailed business analysis, management teams can understand the impact potential of their companies under different scenarios.
