Sunday, April 12, 2015

Bonnie Gloris: Measuring the Immeasurable

The topic of Determining Your Venture’s Social Impact is not an unfamiliar one, for those of us in the Arts Management program. Grant-makers and donors increasingly demand to see results quantified in the arts, in a world that offers inherently qualitative experiences. Sure, we can measure how many “butts in seats” we have, but does that tell us anything about the quality of the experience?
 
In the article When Measuring Social Impact, We Need to Move Beyond Counting, Mike McCreless (Director of Strategy and Impact, Root Capital) suggests that “Impact business model analysis can provide an integrated way to think about which combinations of contexts, inputs, and practices will support which financial and social objectives of an organization.” The Stanford Social Innovation Review Calculated Impact, by Paul Brest, Hal Harvey, & Kelvin Low, describes the assumptions that must be made in order to quantitatively measure expected social return on investments.

Even after reading these informative articles on measuring impact, I must admit that the thought of doing this for the iCraft Path team’s proposed venture is daunting. I decided to look into local resources that may be helpful for those at this stage of their ventures:

Resources Available
Website
Description
Price
Business Volunteers for the Arts
Business Volunteers for the Arts® (BVA) brings the knowledge of the business world to the needs of the arts. Artists and organizations are provided with assistance in the areas of financial and strategic planning, marketing, information technology, human resources and more.
There are two price levels to participate in the workshops:
GPAC Members: $35.00
Non- GPAC Member: $50.00
Carnegie Library of Pittsburgh


CLP's website has a "Starting a Small Business" section, which includes: Useful Web Sites and "Must Have" Publications
Free
Duquesne Small Business Development Center
The SBDC offers no-cost, confidential consulting services and training workshops for small businesses and those who are thinking of starting a business in southwestern Pennsylvania.
Free
SCORE
Pittsburgh SCORE serves aspiring and existing small business entrepreneurs and owners in Southwestern Pennsylvania. Pittsburgh SCORE counselors offer both local and online workshops. SCORE also offers free mentoring, tools and templates for writing a business plan, financing your business, marketing, complying with government regulations, etc.
Mentoring is free. Small Business Basics Workshop: $45; Chatham University & SCORE Small Business Basics Workshop: $30
Small Business Administration
Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. Its learning center provides online courses, videos, and chat sessions.
Free

Has anyone utilized these resources/can attest to their value?  Are there other small business resources you can recommend?

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