Is Profit for Purpose for You?
See the gallery below to ascertain the one or more of only 9 reasons you may wish to pursue a profit for purpose career.
Scroll down the page for a free and anonymous 3-mimute self-assessment to see if a career in profit for purpose is right for you.
You wish to form a new community-centric consulting business purposed to bring Impact Economics to your community
Is It For You?
Careers in Profit for Purpose are not easy, for example, at In Place Impact we only certify people who are as passionate about the purpose of Impact Economics as they are about the financial profit it can return. Current consultants will tell you that we respectfully decline more applications than we accept.
For the reasons above, and in order to provide anyone with a sense of whether or not a Profit for Purpose career is for them, we have created an anonymous self-assessment tool (at the bottom of this page) to help people determine whether or not it is a fit. The automated and instantaneous results provide people with a sense of whether or not they are likely to succeed in building a Profit for Purpose initiative.
Based upon their results, those taking the assessment because they are interested in being certified in Impact Economics have the option to complete an application form, then arrange a 30 minute virtual meeting so that we can introduce ourselves to each other.
Please note, that Impact Economics is built upon the platform of "Making A Profit While Making A Difference"™, not just one or the other, but both. Profits are driven from the consulting work done, and from equity positions taken in companies entering the Impact Incubator that certified consultants set up in their communities. Accompanying the profits is a great deal of pro-bono work that provides certified consultants with a level of goodwill and brand identity that we believe will be unmatched in their communities.
Impact Economics was designed by Stuart Williams and his family. It took almost 20 years to research and design, and almost 10 years to live test and prove that it works. Thus, after almost 30 years, and over $10m of investment, it was ready to be scaled at the end of 2019.
In Place Impact has certified people in the United States, Liberia, Costa Rica, Honduras, & Guatemala. The current cohort includes people from America, England, Nigeria, and Canada.
Certification in Impact Economics requires 18 hours of tuition, a test, and the execution of In Place Impact's certification/licensing agreement. Classes are run 8 times each year.
In Place Impact provides certifications that cover unique geographic territories. The cost of securing a territory is calculated using a matrix of population, GDP, and the number of registered businesses in a specific location. Locations are generally community, city, state, or country based.
The minimum cost to secure the sole rights to a community, city, state, or country is $25,000. Based upon the data used in the matrix, In Place Impact recommends how many certified consultants would be required to maximize the profit and impact that could be created by embedding Impact Economics in a specific community, city, state, or country. The fee paid covers the training and certification for as many consultants as are recommended. The minimum is 4, and the maximum could be over 100.
If you would like to know how much it would cost to secure the sole rights for your city, community, state, or country, please email Emily at email@example.com.
Please do not apply to be Certified in Impact Economics until you have read the important information below.
Once certified, you can immediately start using all of the tools provided to start helping companies, educational institutions, students, community residents, Impact Entrepreneurs, Impact Investors, NGO's, your local government, and the most marginalized segments of your community to build a sustainable future.
Certified individuals receive:
Full (and ongoing) training on Impact Economics
All of the Leadership and Management Through the Lens of Profit for Purpose Consulting tools
Unfettered use of the Corporate Impact Index and City/Community Impact Index online Consulting Tools
The syllabus for the Impact Entrepreneurship Student and Community classes
How to create, build and run an "Impact Day" in their communities
Multiple MOU's and Contracts created for the specific use of Impact Economics Certified Consultants
Detailed instructions on how to embed Impact Economics in their communities
Use of In Place Impact's registered marks
Inclusion in the In Pace Impact network of Certified Consultants
Plus a great deal more.
Changing institutionalized behaviors is not easy so although tested and proven to work, embedding Impact Economics in communities can be hard work. However, the financial, purpose, and passion rewards can be meaningful. It is important that you digest the following.
All certified consultants are required to undergo annual reaccreditation (every 12 months). The cost is $500.
Although all Certified Consultants work with all stakeholders, the vast majority of revenues come from working with corporate leaders.
20% of all consulting fees are redirected by consulting clients to help create and expand Impact Economics within the Certified Consultants community.
5% of all net consulting fees are paid to In Place Impact for ongoing training, servicing, and support.
Approved regions are unique to the Certified Consultants working within them. In Place Impact cannot operate in approved regions operated by non-employees and vice versa
If you have a passion for the results Impact Economics can deliver for your community and yourself, we can teach you the rest. However, being successful as a Certified Impact Economics Consultant means:
Working hard and having fun
A desire to build a company focused on making a profit while making a difference
Providing your clients with the best service possible i.e. meeting and exceeding their needs and expectations
Using your business to help fund Impact studies at an educational institution of your choice
Being passionate about eradicating poverty in the marginalized segments of your community
Believing in the Leadership and management strategy of "Profit & Purpose"
Wanting to embed, help teach, and help fund Impact studies in an academic institution of your choice (we show you how)
Embracing Impact Investing, Impact Entrepreneurship and Impact Measurement
Using your business to help fund community designed Impact Innovations
Accepting a role in community leadership
To love working with Impact Entrepreneurs and helping them launch and scale their businesses
Wanting to be a part of the global movement working to build an Impact Focused Economy
Although not imperative, one or more of the following experiences and or networks will be an asset to you:
1. An affiliation with a post-high school academic institution in your community
2. An existing network of business and community leaders in your community
3. Consulting experience
4. Teaching experience
5. Public speaking experience
6. An Entrepreneurial mindset
7. Working with start-ups
8. Working within the genres of sustainable cities, CSR, and or the United Nations SDGs
If you are interested please take the 4-minute anonymous self assessment test below