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With the help and support of Upmetrics, The Prep Institute was able to raise over $500,000
EXECUTIVE SUMMARY
Upmetrics assisted the Prep Institute in teaching nonprofits about business planning for social problem solving
Natache Muscthee
CEO, The Prep Institute
To provide more communities with access to social problems, unconventional methods are needed. There were over 35 nonprofits involved in this call to action.
To strategize how to solve similar social problems occurring in multiple communities and funding strategies, they needed a business model, a plan, and a pitch instead of a grant proposal. According to them, urban, suburban, and rural communities face similar challenges.
The traditional approach of using grants, however, benefits one community at the expense of neighboring communities. In addition to lacking access to business tools for modeling social solutions, they also lacked an effective tool for presenting their solutions to public and private philanthropists.
This challenge was overcome with the help of Upmetrics- Upmetrics makes business planning for social problem solving easy for nonprofits so they can build and present roadmaps for championing the expansion of social solutions.
INTRODUCTION
Implementing simple but brilliant solutions to drive impact
The Prep Institute provides consultation to social investors and nonprofit organizations. They offer 3-year incubation services that help them tackle social issues in disadvantaged communities. It helps them develop sustainable business models using technical advisors and business specialists for social causes.
What makes The Prep Institute unique is the perfect balance of incubation services along with serving nonprofits. This helps them be enterprising for a bigger purpose and a bigger vision. The Prep Institute understands each client’s challenge, customizes their training, and helps them build capacity for delivering social impact. The organization has also helped its clients secure grants of millions to implement their solutions.
THE PROBLEM
Creating social impact comes with a few problems
THE CHALLENGES
Overcoming challenges for the greater good
The Prep Institute helped nonprofits and social investors design their business models and canvases. This empowered them to define and coherently present their business ideas. But, building a business plan involves working on the intricacies. It involves meticulous planning. It even requires all stakeholders to collaborate and work as a team to brainstorm and come up with the best plan possible.
The Prep Institute understood the importance of collaboration and teamwork. So, they were actively looking to overcome the absence of an online business planning solution in their arsenal. They needed a one-stop solution for all their needs. A solution catering to their unique needs and demands.
THE SOLUTION
The search for finding their one-stop solution begins
What we loved the most about Upmetrics is that we found more templates and tools for nonprofit's business development available than anywhere else. The best part – the templates could be customized and modified to suit the requirements of each of our clients."
THE RESULT
Customization and Collaboration help clients excel
- Creating stellar pitch decks. This helped them win several business pitch competitions and secure millions in funding to turn their ideas into a reality. Such is the power of simple one-Page decks by Upmetrics.
- Using a new template designed especially for The Prep Institute – for logical model development. The Upmetrics team ensured that all of their business model canvases continue to be available along with the new template.
- Writing grant proposals that are easy to structure and customize. Upmetrics enabled clients to develop each section of their business plan as per the investor’s requirements.
- On-time grievance resolution. The team at Upmetrics provided outstanding customer service. They were quick to establish accounts, provide training, answer questions and resolve any concerns.
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CONCLUSION
Using Upmetrics helped The Prep Institute raise over $500,000 collectively
“I have one message for other business incubators and startup accelerators – Use Upmetrics and take the help of their OUTSTANDING customer service”
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