Wednesday 28 April 2021

Understand the Impact Potential of Your Startup with an Effective Impact Assessment Methodology

 Any startup that is not ready to tap into the enormous social capital available will have a hard time dealing with its competition. ImpactableX helps young companies to understand their social value. We also provide solutions that will steer startups towards growth. ImpactableX uses a unique methodology for impact modeling to generate certified and potent business analytics. Our company serves impact funds and startups. Many companies indeed find it hard to comprehend impact assessment. The social mission of any startup accounts for about a third of its value. Every business must quantify and define that value. There are crucial business levers that inspire environmental and social impact. Companies should be eager to learn what these levers are. By conducting social impact assessment, it becomes possible for founders to amass the tools necessary to build enterprises that depict their mission.

Any business would want to have insight into their impact operations. However, most entrepreneurs are confused and overwhelmed about how and where to start. The expectation is that the cost of impact assessment will be too high for their liking. For this reason, many founders think that impact assessment is only feasible for large companies. However, this cannot be further from the truth. ImpactableX uses a modeling framework that yields quantified, standardized, and verified impact analytics. Our modeling framework makes it possible to evaluate the impact created under different growth circumstances. This framework applies to any mode of business. As the business grows, the inputs can get adjusted to gain a better understanding of the new realities.

There are three elements in our modeling framework under which a business can form its impact model. The three components are valuation, definition, and attribution. We start by defining the primary impact metrics. These are the measurable impact figures that outline the tools that drive the value proposition of a company. Our template for impact assessment aligns the identified metrics with worldwide standards such as IRIS+ and SDGs. The goal is to ascertain that everyone is measuring the same units and driving towards a common goal. ImpactableX guides social entrepreneurs to realize how their unique models of businesses can apply our methodology.

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