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.
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.
There are a growing number of events connected to social entrepreneurship. Many of them happen in our home city, demonstrating what an incredible hub of activity Calgary is. The Trico Foundation team is pleased to attend many of them and wish we could attend more.
When one hears “entrepreneur”, I’m sure the descriptions of trailblazer, problem-solver, innovator or risk-taker pop into the listener’s head. It becomes a description for someone who is brave and ready slay the dragon but also prepared to be imprisoned by the belly of the beast and make their way out to try again. It means never giving up, fail forward, solve the problem, and make a difference—create real change.
With these admirable traits, who wouldn’t want to be considered an entrepreneur?
Trico Charitable Foundation is excited to announce the partnership and sponsorship with SVI Alberta, working alongside Momentum (Thrive), Social Enterprise Fund (SEF), and in cooperation with the Social Venture Institute Hollyhock (SVI). Trico is committed to the development of the social entrepreneurship ecosystem and believe this event will advance that ecosystem.
Well, here we are again at the close of another summer. I always feel like these months slip right through my hands – which is probably why I’m writing this blog about time management. Over the past few months, I’ve found myself learning my way into innovation and entrepreneurship in a way that is sufficiently self-directed.