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STEPS FOR TESTING
Iterative Financial Social Impact Continuous
Testing and 5 Viability 6 Measurement 7 Evaluation 8
Refinement Testing
- Implement the - Assess the - Develop and - Establish a system
prototype in a economic viability of implement methods for continuous
limited context. the social business for measuring the evaluation of your
- Collect feedback to by testing revenue social impact of your business.
assess the models, cost business. - Review and update
effectiveness of the structures, and - Consider the business model
business model and pricing strategies. qualitative and based on changing
impact. - Evaluate the quantitative feedback and
- Iterate on the potential for indicators that circumstances.
prototype based on generating reflect the positive
the insights gained sustainable income outcomes for the
during testing. to support the target community.
social mission.