How to Translate Social Impact into Measurable Value for Your Startup

For many a social impact assessment may be a complicated concept. However, ImpactableX has created a simplified model. Our company provides a primary modeling framework for the verification, quantification, and standardization of impact analytics. The model used by ImpactableX got designed for investors and social entrepreneurs. ImpactableX uses this methodology to assess impact generation under several growth circumstances. Our modeling framework guides founders to make decisions that enhance their impact and revenue. The framework applies to any model of business and any level of impact. It can also get used at any stage of organizational development. The inputs into our assessment model can get adjusted as sales estimates evolve and as new impact data gets collected. It helps to understand the consequences.

ImpactableX uses an approach that offers more than static quantification snapshots. Our model provides a centralized and consistent tool for impact management that evolves dynamically. When doing impact assessment, we guide startups through the components of our framework to help them build their model. We start by defining the primary impact metrics or the measurable impact expressions that illuminate the drivers of value in a company. The template of impact assessment aligns the global standards with the metrics. The goal is to ascertain that everyone in the space of impact creation is measuring the same units and driving towards the same goals. During attribution, ImpactableX evaluates the contribution made by a company to a problem. We assess the change attributable to the unique interventions of a company. The process provides insights into the efficacy of impact and the impact output through time.

Through impact assessment, social entrepreneurs can understand the value generated by their innovations. Social impact yields value and saves costs. However, social impact value does not reflect on the revenue books of a company because it gets externalized. ImpactableX uses its modeling framework to identify this value and translate it into a company’s revenue books. We can calculate the extent to which sales drive the creation of value. ImpactableX will guide startups on how to apply this strategy to their business model. We compute impact analytics to unlock opportunities.