Yesterday evening Vancity Community Foundation and SAP co-hosted a special event to share advice about creating performance snapshots. With over 50 guests in attendance at the SAP Executive Briefing Centre, the event was a huge success. For those of you who missed out, here’s some highlights and useful recommendations that were shared yesterday evening.
We hate to see it go, but summer is quickly drawing to a close. While many people are busy wrapping up summer vacation plans and preparing for fall, we’re busy wrapping up another phase in a special pilot project here at Demonstrating Value: the Farmers’ Market Impact Toolkit.
There are major benefits to expressing the monetary value of your social enterprise activities. This is especially true when communicating with an audience focused on the financial bottom line of an investment. Increased credibility for your enterprise and improved communication with your investors – not to mention the potential to attract new investors – are just a few of these benefits. However, there are also some roadblocks that can happen along the way.
Expressing value in numerical terms is a direct and concise way to describe value. Quantitative figures can compliment your description of the value of your enterprise, and are especially useful when communicating with investors or other stakeholders who like to know the facts.
It’s a necessity for organizations to have the know-how to properly articulate organizational value. For your social enterprise, this means showing accountability to investors by demonstrating the value of your work and the resulting impact on the community. Do this properly, and it can lead to a dramatic increase in the level of support for your social enterprise.
