Countdown to the Two Feet Showcase


We’ve been fortunate over the course of the past six months to work with some of the most inspiring organisations that are committed to solving some of the world’s most pressing problems. Whether it’s improving the lives of people with disabilities, reducing waste within our food system or tackling homelessness – it has been a privilege to work with such dedicated and passionate people.

As our Two Feet Program comes to a close across the country, we’d like to invite you to come to the Two Feet public showcases we are holding across the country.

The showcases will give you the chance to celebrate the hard work and achievements of the Two Feeters, and to network with thought leaders from social enterprise, NFP and the for-purpose ecosystem more generally. We will also be sharing our 2018 programs and accelerator calendar.

If you’d like to join us, click on the links below and sign up to the events we are holding across the country. It’s important though that you get in quickly, as we only have limited spaces available and they are filling up fast!

Sydney Two Feet Public Showcase

Brisbane Two Feet Public Showcase

Melbourne Two Feet Public Showcase

Finally, over the course of the next two weeks we are going to be sharing the stories of some of the teams to get you excited about who you’ll be meeting! As we release each story, we will add the links to their blog posts below.

Can’t wait to see you all over the coming weeks!

– TDi Team.



Undercover at Two Feet: Investment

Welcome to the sixth instalment of Undercover at Two Feet, where we cover each Two Feet topic as they unfold. From Intent, to Funding and Pitching, to Team and Governance, our Two Feeters are covering a lot of ground this year, and we want to take you inside.

This week was all about investment with Ishani Chattopadhyay, read on to find out what was was covered…

Date: 1/8/2017

Location: The Academy, 50 Miller St, North Sydney

Facilitator: Ishani Chattopadhyay

Session: Investment

Vibe: It should come as no surprise that as soon as the topic turns to “how to get more money into my business”, entrepreneurs’ ears prick up. After the last session on Finance fundamentals, today’s session switched to viewing the business through an investor’s eyes.

There are all kinds of investment out there (equity, debt, mezzanine etc.), so it’s important to think through the pros and cons of each investment type and which might be right for your business given the stage you’re at.

The teams got the chance to play their hand at being discerning investors, grilling Ishani on a real world case study. Judging by the quality of the questions, I think we had some savvy potential investors in the room!

Lunch: Wraps and sandwiches

Playlist: Folk, rock, chill (a collection of chilled classics)

“If you take on investment without a sound business model, you may turn a paper cut into a haemorrhage.”

Key Takeaways: Nobody believes in your idea like you do. As an entrepreneur you have a vision and the drive to make it happen. For an investor, their view of your business is going to be very different. There are investors of all types, with different appetites for risk, differing focuses and different values or specialty areas.

Having a key understanding of the risks in investing in your business and demonstrating that you know how to face these challenges is paramount in helping you secure the capital you need.

At the end of the day, investment is not a magic fix. Without a sound business model and a deep understanding of your customer, investment may only delay the end rather than be a catalyst for growth.

Key Moments: The teams really got into the role play, asking very deep questions and really testing Ishani’s knowledge of the business. It’ll be very interesting to see how they handle the pressure when their own business is probed deeply in next week’s funding and pitching!


Undercover at Two Feet: Business Finance Fundamentals

Welcome to the fifth instalment of Undercover at Two Feet, where we cover each Two Feet topic as they unfold. From Intent, to Funding and Pitching, to Team and Governance, our Two Feeters are covering a lot of ground this year, and we want to take you inside.

This week covered Business Finance Fundamentals, and was facilitated by Ishani Chattopadhyay, read on to find out what was covered…

Date: 12/7/2017

Location: Donkey Wheel House, Melbourne

Facilitator: Ishani Chattopadhyay

Session: Business Finance Fundamentals

Vibe: There was a little apprehension in the room at first because a lot of people dislike numbers. That said, Ishani quickly got people in the groove with her practical and ‘real life’ view on numbers and finance. She told everyone about her love for numbers and how good numbers actually tell a story that brings light to the effectiveness of your operations.

By the end, people were fist-pumping and high-fiving, having learned how they can choose the right numbers to make decisions and were eager to get going on their own business financials. An incredible transformation really!

Lunch: delicious Japanese-style soups to warm our souls from the Melbourne winter chill.

Playlist: mood-lifters and party starters to keep us rolling through the numbers with excitement

“Don't interpret numbers, understand them and make decisions using them. Numbers don't lie, people do!”

Key Takeaways:

Using three simple statements well, you can tell a story about your operational performance, what your business is worth at a particular point in time and how funds flow through your business.
When taking numbers to project or forecast you should always be thinking about “what decisions am I trying to make?” and “how does this connect with my operations?”.
In turn, this should all help you understand risk and figure out how to mitigate it.

 

Key Moments:

People who had assumed they were terrible at numbers actually proved to know much more than they thought through learning numbers in a more pragmatic way.
Having people leave the session saying they loved it given their initial fears about numbers was a highlight for everyone involved!