Connect with us

Invest

The Highs And Lows Of Practices And Attitudes To Impact Measurement

Published

on

The Highs And Lows Of Practices And Attitudes To Impact Measurement

The importance impact measurement now plays for many social enterprises and charities in the UK has been highlighted by The Social Impact Survey, from Buzzacott, Matter&Co and The Good Economy Partnership, published its results today (Monday 14th November), at The Good Deals Conference in Birmingham.

81% of respondents believe impact measurement is crucial or important to improve their business and the services they provide to achieve greater impact, with two thirds (67%) of organisations having used impact measurement tools such as Social Return on Investment, NPC’s Four Pillar approach and PQASSO.

The Social Impact Survey, supported by The Esmée Fairbairn Foundation, offers a picture of the types of impact practice and issues that are present within the sector, and the results provide a good basis for reflection and discussion. Whilst half of the charities and social enterprises demonstrated a positive attitude towards their own knowledge of impact measurement, concerns remained over both the proliferation of impact measurement tools available and the need for this data to be given greater precedence by funders when awarding grants. The majority (85%) found impact measurement to be challenging but worthwhile, however 11% of respondents found it too complex and difficult.

Key recommendations from the survey findings are:

· Make impact measurement useful by ensuring the expectations and approaches are proportional to the organisation

· Make language user-friendly: efforts need to be made to simplify the language used so impact management and measurement becomes seen as a normal part of managing a good social enterprise business or charity

· Support capacity-building of frontline organisations: funders should be open to funding the resources needed for impact measurement and management to help build strong and sustainable, high impact organisations

· Focus on information that will guide management such as gathering improved client feedback

· Build peer learning and bottom-up collaboration: collaboration between similar organisations could be a user-friendly way to build standards, indicators and benchmarks based on real-life experience.

Key themes emerged from the survey, including a need for greater consistency, simplicity and less jargon around impact measurement.

Eddie Finch, Charity Partner, Buzzacott said: “The survey results, which will be discussed publicly for the first time at the Good Deals conference today, show progress has been made in impact measurement within the charity and social enterprise sector, compared with trends identified four years ago. However, the results suggest a need to respond to the experiences of frontline organisations. Key themes emerged from the survey, including a need for greater consistency, simplicity and less jargon around impact measurement.”

Sarah Foster, CEO of The Good Economy Partnership: “Impact measurement is just one part of the process of managing an organisation to maximise impact. The survey results demonstrate the need to ensure impact measurement approaches are grounded in operational realities and maintain a focus on the people organisations aim to serve – so there is greater ‘downward accountability’ as well as ‘upward accountability’ to donors and investors.”

Caroline Mason, Chief Executive of Esmée Fairbairn Foundation comments, “As a grant funder and social investor, we want the focus of understanding impact to be improvement: helping organisations to make more of a difference for people in the UK. We supported this survey to increase understanding of the current challenges and rewards of today’s impact measurement practices, in the hope that we can make it better.”

Energy

Responsible Energy Investments Could Solve Retirement Funding Crisis

Published

on

By

Energy Investments
Shutterstock / By Sergey Nivens | https://www.shutterstock.com/g/nivens

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long your retirement savings will last?

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

Continue Reading

Invest

How to make a sustainable living out of Forex Trading?

Published

on

By

sustainable forex trading
Shutterstock Licensed Photo - By Robert Kneschke | https://www.shutterstock.com/g/robertkneschke

There are two different types of forex trading in general: the profitable one and the not so profitable one. Everyone wants good profits at the end of the day, but unfortunately a good number of traders are burdened with the huge losses at the end of their forex careers. Many newbies run the other way around when they hear about forex trading due to heavy losses in their initial period. Of course, you would have heard about all those success stories, in your friends’ circle or on the internet. However, if you are looking forward to replicate those success stories, you need get yourself ready before that.

In this article, we will discuss the six essential skills that are needed to earn some profits from trading foreign currencies and make a sustainable living out of it.

1. Limit your risk ceiling

When you start with forex, you should try to define limits. Try to create a balanced scorecard that defines your personality with regards to various parameters such as your strengths, weaknesses, behaviors, and ability to take risks. It is essential that you list your financial goals before you start with forex trading.

2. Learn about leverage ratio and account type

When you start, brokers will suggest different forex trading accounts that might take you for a whirl if you aren’t prepared. Each forex trading account has its own pros and cons. It is essential that you engage with your broker to create a mini trading account so that you will be able to warm up on your forex trading skills in a low risk environment.

3. Start small

While starting out, some investors rush to have multiple currency pairs without doing proper research on them beforehand. It is very important have you understand the nature and volatility of a currency before you start trading a pair. Every single foreign currency is like a market onto itself. It is therefore important that you take the time to study about the country before forming pairs to understand the volatility of the currency. By using forex trading platforms such as ETX Capital, you can take informed decisions easily.

4. Learn to control emotions

A forex trader should never take any decisions on the spur of the moment based on emotions and should be as rational as he can. Controlling your impulses is the key to becoming a great forex trader.

5. Automate your processes

I am not suggesting you to rely completely on forex robots and trade copiers, but make use of the latest automation tech to execute transactions faster than ever before. Make use of automation features such as stop loss, price options etc. to make the most out of the exciting opportunities.

6. Keep it simple.

Not everyone can be a genius economist, mathematician and a trader, bundled into one. Forex trading is not a complex subject, you only need to arm yourself with positive thinking, and set yourself clear and realistic goals.

Conclusion

I hope this article was useful for you to learn about the key reasons why online forex trading is a good investment and how you can earn money through it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.

Though it’s a reliable source of income, you will have to educate yourself properly before you start investing. It is important that you take the time to understand why things are the way they are before you jump all in and start making your first big bucks. All the best for your future ventures and keep coming for more interesting and useful articles.

Continue Reading
Advertisement

Facebook

Trending