Viewing entries tagged
social impact
With over 20,000 social enterprises in Australia alone, there is immense potential for driving positive change through sustainable business models. However, many impact-focused ventures face obstacles in areas like measuring impact, raising capital, scaling operations, and securing revenue opportunities.
As we leave 2023 behind, several notable events impacted social enterprises and non-profits over the past year. Government funding fell 10% across the sector. However, donations from corporate partnerships and everyday Australians rose 15% compared to 2022, showing growing support. With economic uncertainty on the horizon in 2024, proper planning and strategy will be key to stability and meaningful impact.
A growing number of our organisations are investigating social impact measurement and consolidated measurement of social & sustainable procurement spend and impact in their supply chain.
I thought I would provide this general overview of social impact measurement.
Entrepreneurship is a key aspect of business growth. It can promote economic growth, innovation, spark social change, etc. The new ideas, products, and services developed by individuals or groups of individuals hold power for change and improvement.
The social entrepreneur brings about positive change in society by tackling social, environmental, and cultural issues. Social enterprises find their roots in the minds of social entrepreneurs. The impact generated by their entrepreneurial ventures is seen in local and global communities.
Who would have thought on New Years Eve that 2020 would turn out to be like it has been!
Not to let a pandemic get in the way of our purpose, our founder, Geoff Gourley and the team at One10 made great use of the lockdown and created a new social impact venture called Methodly. Positive change made simple.
We reflected on the last five years supporting many clients and navigating social innovation using our range of tools and thought, hey, let’s make this into an affordable, playful and useful product. So, we embarked on creating a collection of toolkits, templates, method cards and guidance notes on how to create social innovation.
We are just about to go live on Kickstarter and we are seeking your support to help us get these exciting products and tools into the hands of like-minded people all over the world.
Self-harm is the leading cause of death for young people in Australia aged 5-17, half of all mental health problems emerge by age 14, and anxiety depression and suicide are on the rise.
Now with the extraordinary challenges presented to Australian communities in 2020 with drought, floods, bushfire and now covid-19, mental illness is skyrocketing, and children are at an increased risk. According to a new report released by University of Sydney’s Brain and Mind Centre, even in a “best-case scenario”, Australia is forecast to see an increase in suicide deaths of “at least” 13.7% over the next 5 years.
Recently One10 founder, Geoff Gourley, was invited to be interviewed by Ausbiz and Startup Daily on their “hour of power”? That’s how guests have described every weekday from 2-3pm on the Startup Daily show on ausbiz.com.au, when they cover the latest news in tech and startups.
In this interview Geoff talks about social impact, his impact investment fund and why impact investment is as much about strong financial returns as it is impact outcomes.
It’s no secret that innovation is the key for success in business today. Innovation allows us to reshape the processes that we have to improve upon what is already there. Whether it allows us to use less resources, become more sustainable, achieve a higher profit yield, or bring a new idea into the world, innovation is the key to be a successful entrepreneur in the world today.
Social innovation can be seen in many companies and businesses across the world whether it can be seen in their processes, products, workshops, or even at their headquarters.
Congratulations to the One10 $10K Social Impact Grant Recipients who were awarded their grant this week. We ended up awarding Two grants of $10K instead of one. We were very impressed by more than 100 applications and ended up with a short list of impressive impact and purpose-driven ventures.
Some would argue that businesses have a responsibility to incorporate some social impact initiatives into their business models. Regardless, the impact of doing so has an effect far beyond the communities the initiatives seek to benefit: it can help the business, too. For one, 64% of Millennials won’t take a job at a company if it doesn’t have values aligned with social responsibility.
A recent global report by Accenture found that customers are more likely to spend money with a company when their brand purposes reflect issues that matter to the consumer.
Perhaps you feel the pull to align your business with social impact and are wondering how to start. To alter your business’s impact while positively affecting your company’s reputation for future employees and customers, follow these steps to incorporate social impact into your business model.
