Why Measuring Impact Matters: A Simple Guide

Known Impact 9 August 2024

Let’s chat about something super important that often gets overlooked: measuring the impact of projects and initiatives. Whether you’re running a small charity, launching a community project, or working for a business with big sustainability goals, knowing the difference you’re making is key. Here’s why it matters and how you can think about it.

What Does “Measuring Impact” Mean?

So, what do we mean when we talk about measuring impact? Simply put, it’s all about figuring out how much of a difference your project is making. Are you actually helping people? Is the environment better off? Are you achieving what you set out to do? This isn’t just about counting numbers, like how many people you reached—it’s about understanding the real changes happening because of your work.

Why Should You Care?

  1. Show Your Value: Whether you’re asking for donations, support, investment, or wanting to appeal to more customers being able to show your impact is crucial. People want to know their time, money, or resources are going toward something that actually works.
  2. Improve Your Work: Measuring impact helps you see what’s working and what’s not. If something isn’t delivering results, you can tweak it or try a new approach. This continuous improvement makes your project stronger.
  3. Inspire Others: Sharing your impact stories can motivate others to join your cause, replicate your success, or do something impactfu themselves. When people see real change happening, they’re more likely to get involved or buy into it
  4. Build Trust: Transparency and having integrity is important especially these days. What do we mean by that, basically doing what you say and saying what you do matching-up and not doing things performatively but because you truly care and want to do good. When you can clearly show the impact of your work and that work aligns with your values, you build trust with stakeholders, whether they’re donors, community members, investors, employees, or customers.

How to Get Started

So, how do you measure impact? There are of course various details that will depend on your specific projects but at a basic level here are some easy steps to consider:

  • Set Clear Goals: Before you start, know what you want to achieve. The clearer your goals, the easier it will be to measure progress.
  • Choose Your Metrics: Decide what indicators you’ll use to assess your impact. This could be surveys, interviews, or even simple observation. Think about both quantitative data (numbers) and qualitative data (stories).
  • Collect Data: As your project runs, gather information regularly. This will help you track changes over time. Being able to see patterns from data collected over time will be helpful
  • Analyse and Share: Look at the data you’ve collected, and see what it tells you. What story does it tell? Note: whether people realise it or not we love stories! It helps us to connect and remember things. Share your findings with your team, stakeholders, and the community.

In a Nutshell

Measuring impact might sound a bit daunting, but it’s super important for anyone looking to make a difference. Plus there are resources and people out there that can help, us included. It helps you understand your effectiveness, improve your initiatives, and build trust with those you serve. Plus, it’s a great way to celebrate the wins—no matter how big or small. It’s always great to be able to tangibly see the results of something you have worked on for yourself too. So, get out there, track your impact, share your stories to inspire and keep making the world a better place!