W06 Revenue Generation
" Remember who you are! Make great choices! CTR! I love you " .. are the words that I would hear Tori Sue Jacobson shout to her teen kids as she dropped them off at high school. The main idea this week is that making good choices is based on understanding priorities, trade-offs, and e mploying design thinking. T he basics of business finance and sustainable funding is valuable in order to pursue best matched capital sources. To create social change one must think differently-- not just to find solutions, but to fund solutions. A sustainable social venture model is how the social venture solves the social problem and does it in a sustainable way. This week's reading teaches that the most common roadblock in social innovation is funding, specifically, nonprofits struggle to create sustainable income and often become dependent on grants and donations. If the money stops, impact stops. Therefore, sustainability is an important com...