S5 E3: Viability Risk: Will we bring in enough income with this product/service to cover our costs?
Update: 2021-12-09
Description
Episode 3 kicks off with a bit of background from Ian Gray on the third hurdle in creating a sustainable business model for digital solutions in the humanitarian and development sectors: the viability risk problem. Essentially, can you procure sustainable funding? This is perhaps the most visceral challenge for businesses in the space, given the way that procurement works, the risk-averse nature of many organizations, and the failure to invest in digital solutions and knowledge across the sector.
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