If you manage a portfolio of purpose-driven companies, at some point, you will need to collect impact data from them.

To guarantee data quality, you must ensure that companies can collect it correctly and on time.

By understanding their expertise and needs in advance, you will avoid unnecessary headaches in the future.

These are the 3 topics you should cover:

1. Experience

Mainly in the early stages, companies lack expertise in collecting meaningful impact data.
They might have little or no data available.

2. Metrics & Tools

In later stages, companies probably collect impact data for their management team or other investors.
Duplication of work is a real pain for them.

3. Capacity

Despite having the expertise and tools, companies may lack a dedicated team and fail to meet deadlines.

Explore these points with the company, and you’ll be able to:

• Optimize support

Strengthen their analytical skills, upgrade their tools, or hire talent.

• Reduce overburdening

Avoid duplication and optimize the process with them by starting where they are.

• Be on the same page

Create a space for dialogue and remove unspoken expectations.