Impact Hub MSP

Impact Hub MSP is an Elevate Hennepin business advisor offering Hennepin County businesses up to 25 hours of services at no cost, including:

Business Strategy

• Business and strategic plan development
• Mission, vision development, and goal setting
• Industry and market analysis and customer segmentation 
• Unique value proposition and competitive positioning
• SWOT Analysis
• Financial reports, projections, and forecasting 
• Business profitability modeling 

Financial Management

• Impart financial education and literacy including how to read and interpret financial reports
• Provide financial counseling 
• Assist in the development of a budget, cash flow, and other financial reports necessary to run a business
• Collaborate to create financial projections and forecasting
• Review product/service pricing, cost of goods sold, and other factors that affect profitability 
• Conduct profitability modeling 

Idea stage

• Coaching to refine the business idea
• Define the problem the product/service solves for
• Guidance through completing a business lean canvas
• Formulation of mission, vision, and unique value proposition
• Identify product(s)/service(s) offered
• Assistance understanding the market and industry 
• Define target customers creating a customer avatar
• Support client in testing and validating business concepts, size markets, & take initial steps
• Equip client to evaluate the viability of their business idea
• Assist clients with entity formation seeking legal and accounting advisor input as needed
• Refer to other advisors as appropriate

Impact Hub MSP accelerates social impact by connecting, inspiring, and supporting a community of social innovators and entrepreneurs. We are an innovation hub and business Incubator for entrepreneurs driven to change a social or environmental issue and support a community that strives to ensure everyone belongs. Impact Hub MSP, one of a network of over 100 Impact Hubs around the world, offers mission driven entrepreneurs a unique ecosystem of resources, training and collaboration opportunities to grow their business and their impact. The work of Impact Hub MSP inspires, connects, and enables its diverse community members to develop their best work every step of the way.