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Reimagining Revenue: Business Models for Social Innovation

Event Interactive 2010
Format Panel
Organizer Pat Christen – HopeLab
Description Double- and triple-bottom-line business models are becoming more popular in the swell of social entrepreneurship. Some traditional principles apply, but how does an organization prioritize revenue when social benefit is also a primary interest? Hear how HopeLab, a nonprofit developing products to improve kids' health, listened and learned its way to potential business models. The models we identified support scaling and mass distribution of a product designed for social impact, while embracing the commercial potential.
Questions
Answered
  1. Why would a nonprofit consider selling a product or service for profit?
  2. What legal issues have to be addressed?
  3. How does a social mission influence business model decisions?
  4. How might you know when it’s time for a business model?
  5. What are "double bottom line" and "triple bottom line" business models?
  6. How did HopeLab identify options to consider?
  7. What criteria did HopeLab use in evaluating its options?
  8. What role did existing funders play in the process?
  9. What type of outside guidance and research was most helpful?
  10. How might you prioritize/ balance mission, customer needs and revenue?
Level Beginner
Category Business / Entrepreneurial / Monetization, Case Study, Economic Concerns, Funding / VC, Non-Profits
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