Trico Foundation & Social Entrepreneurship: 2018 in Review

Trico Foundation & Social Entrepreneurship: 2018 in Review

Happy New Year! The start of 2019 gives us the opportunity to reflect and learn from 2018. The past twelve months brought the Trico Charitable Foundation amazing insights such as crossing the chasm; the 6 key mindsets of social entrepreneurship; the release of 9 A.S.E.S.S. blogs; social entrepreneurs’, summer students’, and Social EnterPrize recipients’ journeys and learnings; and the grand opening of the Trico Changemakers Studio.

Testing

Testing

To zero in on the testing you need, you have to balance two perspectives. On the one hand, you want to be aware of and prepare for all key risks/thresholds as you move from where you are now to what you want your social venture to be when it is in its ‘steady state’ (i.e. your model has proven to be a success and growth is predictable and steady. A typical barometer in this regard is what your venture will look like five years after it starts). This will also help make sure you are building towards your goals rather than building a bridge to nowhere (this is a significant risk for start-ups, as discussed below). On the other hand, a lot of your current assumptions will be wrong, so you don’t want to go into too much detail too far down the road.

It’s All in the Details–The Assumptions, Steps, and Challenges

It’s All in the Details–The Assumptions, Steps, and Challenges

This past summer working at the Trico Foundation’s Summer Student Internship, I was able to take my company from an ideation stage that had undergone 2 years of evolution, to its first pilot, to an official launch of operations, to a now rapid scale of production on its way to reaching a steady state within the next 18 months. Trico Foundation’s one-on-one coaching and group sharing through the A.S.E.S.S. program were pivotal to my progress.