Results Dashboard

2. Defining Your Business Model

Your Section Result:

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Your Results and Notes:

We are familiar with the different business approaches commonly used by social enterprises
To meet the standard in full, you will have considered the business methods that can be used to pursue your cause and deliver on your stated mission. You will have explored various alternatives and taken inspiration from other social enterprises.
0 /3
You answered:
We don’t do this at all
We can describe our business model in a way that is easy for others to grasp
To meet the standard in full, you can provide a one-page summary of your business model that is easy for your team, advisors and investors to understand. This will explain how you will achieve your business goals and make a positive impact.
0 /3
You answered:
We don’t do this at all
We can show that the assumptions behind our business model are sound
To meet the standard in full, you can show that your business idea makes sense and will make a lasting difference. You have made sure of this by doing thorough market research, by testing your idea on a small scale, or by building up a solid trading history.
0 /3
You answered:
We don’t do this at all
We keep our business activity clear, simple and focused on needs
To meet the standard in full, you will be able to demonstrate that your business activity is clear, simple and narrowly focused on solving a social problem. Any changes to your business activity are in keeping with your mission, planned carefully and based on regular feedback from the people most affected by your work.
0 /3
You answered:
We don’t do this at all
We achieve a good balance between our social and business goals
To meet the standard in full, your team and stakeholders have open and regular conversations about the trade-offs between your desire to make a social impact and the need to make enough money to remain in business. You have identified any tensions between your business goals and social goals and found ways to reduce them.
0 /3
You answered:
We don’t do this at all
Total
0 /15