On Wednesday a lively group of entrepreneurs, mentors, and non-profit leaders gathered at the HUB Seattle to for a workshop sponsored by Social Innovation Fast Pitch (SFP). Cheryl Sesnon of Jubilee Women's Center, and Amy Zimerman, Faculty of the Executive Nonprofit Leadership Program at Seattle University conducted a 150-minute workshop on Financial Modeling and Sustainability.
The group discussed building a budget and assessing some of the common risks associated with new ventures. It was a lively and informative discussion and idea sharing on the latest innovations to address Seattle's most pressing environmental and social challenges. And it concluded with one-on-one customized sessions where SIFP applicants received coaching from mentors from the business community and built two budgets.
Most of all, participants got to expand their ideas and find new ways to think more broadly about social enterprise. And they gained new insights into evaluating their social impact in measurable ways that achieve a dual bottom line—one that translates to financial sustainability as well as transformational social impact.