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A Simplified Methodology for the Assessment of the Social Impact of a Business

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    By ImpactableX

    Every startup has the potential to have a significant environmental and social impact. Since the goal of a business is to maximize revenue while reducing losses, anything that is of value should get considered. There are billions of dollars hidden in social capital. Although most entrepreneurs want to have clarity concerning the impact operations of their companies, it is hard for them to fathom where or how to start. Many entrepreneurs expect the cost of impact assessment to exceed the amount of money they are willing to spend in the process. ImpactableX makes it possible for social entrepreneurs to comprehend the value generated by their innovation. Social impact will save costs and create new value for a business. The social impact a startup produces is often not included in its revenue because it gets perceived as external. ImpactableX will help translate social capital into financial figures.


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