But many organizations hesitate to try something new because they fear how it will affect finances.
To overcome this, you need new ways of thinking about raising capital to help you fund the good work you do, which means you should explore all the funding sources that are available for your organization.
For example, nonprofits with earned-revenue (i.e., social enterprises) can often access impact capital and non-traditional funding sources to scale their programs and projects.
But what if you don’t consider your organization a social enterprise?
You still may be able to access impact capital—because social enterprises fall onto a spectrum. It’s not always black and white.
Taking the time to understand where your organization fits on this spectrum will allow you to determine whether your organization is a good fit for non-traditional funding sources.
During this free webinar, Paul Wright will help you understand different social impact models. You’ll explore the spectrum of social enterprise components which you can apply to your own organization and programs, so you can determine whether you have the opportunity to access non-traditional funding sources.
You will:
see examples of innovations in the public, private, and philanthropic sectors;
learn about innovative business models that combine earned revenues and social impact;
apply an innovative framework to assess your own organization;
explore the difference between sustainable and self-sufficient models; and,
determine whether raising impact capital is right for your organization.
You’ll walk away ready to grow your nonprofit with innovative thinking.
This session is perfect for nonprofit leaders who are curious about whether non-traditional capital is a good fit for their organization.
This is the first webinar in Paul Wright’s Innovate Now learning series. The second session, Innovate and Grow: Raising Impact Capital, will help you understand the non-traditional funding sources that many nonprofits can access.
Paul is the President of Wright Venture Services. He’s had a 23-year career in community economic development finance and now he shares what he’s learned with social entrepreneurs and organizations that serve them. He’s often called the Common Good Coach because of his passion to help mission-driven leaders create more good in the world through their enterprise and leadership. He offers online courses and coaching on his platform at www.wvscourses.com.