RMMFI’s Theory of Change

Table of Contents

Join Our Newsletter
Sign up to receive news, updates, and stories about the impact of inclusive entrepreneurship.

As RMMFI has evolved over the past 13.5 years, we’ve learned a lot about the impact that inclusive entrepreneurship can have on people and communities. Ownership is about much more than the business, and we want to make sure our model — and the way we communicate it — is aligned to the larger impact we aim to achieve.

With that goal in mind, we worked with Social Venture Partners Denver and social change evaluators at Coeffect last year to design an updated Theory of Change for RMMFI. Our Theory of Change was both a process and a product, helping us reflect on our who, what, why, and how. With input from all our stakeholders, we were excited to create a Theory of Change that was aligned to our North Star, provided clarity of program outcomes, and captured what we’ve learned through our response to COVID. Given how we’ve grown and evolved, we also wanted a Theory of Change oriented toward the RMMFI of the future.

The product we designed tells the impact story of RMMFI. It illustrates the outcomes and impact we seek to create and the actions that get us there. Underlying our Theory of Change is an understanding of the problems we’re solving, the communities we serve, the resources we invest, and the assumptions about our external landscape that influence our work.

Externally, our Theory of Change is a powerful tool to communicate what we intend to achieve with partners and community members. Internally, it provides a framework for deciding what data is important to monitor and how to best allocate resources toward impact. And looking forward, our Theory of Change helps us see the potential for innovative new approaches to create even greater ownership of self, ownership of wealth, and ownership of community health.

Below, we describe what this ownership looks like and how our programmatic outcomes align to create it.

RMMFI Theory of Change

Ownership of Self:
Entrepreneurship Activates Potential

Entrepreneurship serves as a tool for self-actualization, personal agency, and fulfillment of dreams and ideas. From seeing a pathway to success to building strong foundations towards goals, engaging in entrepreneurship provides an opportunity for entrepreneurs to share knowledge, passions, skills, and traditions through families and generations.

 Idea Outcomes
Entrepreneurs identify barriers to personal and professional success
Launch Outcomes
Entrepreneurs recognize their own potential and are empowered to define their personal and professional success
 Thrive Outcomes
Entrepreneurs experience self-worth, personal agency, and fulfillment of dreams, potential, and ideas

Ownership of Wealth:
Economic Mobility and Inclusion

In the face of systems that say “wait” or “never” to ownership, entrepreneurship provides economic mobility and opportunity to business owners and their households. From gaining access to business supports and capital to owning thriving and resilient businesses, entrepreneurs experience higher levels of financial independence and build generational wealth.

Idea Outcomes
Entrepreneurs explore and ideate business concepts
Launch Outcomes
Entrepreneurs launch and capitalize their business
Thrive Outcomes
Entrepreneurs and their households experience financial stability and growth through operating thriving, resilient businesses

Ownership of Community Health:
Vibrant, Unique, and Empowered Communities

Inclusive entrepreneurship uplifts the freedom and autonomy of communities on their terms. From being equipped with a community of support to reinvesting locally as business leaders, entrepreneurs help advance a vision for thriving local communities.

Idea Outcomes
Entrepreneurs build community with one another
 Launch Outcomes
Entrepreneurs develop meaningful connections to coaches, customers, and community
 Thrive Outcomes
Entrepreneurs invest in their communities as owners, employers, and local leaders

As our Theory of Change illustrates, entrepreneurship is a powerful tool for building both individual and community prosperity. But that impact is only achievable when we remove the barriers that have prevented too many from accessing the benefits of ownership.

Click here to view our full Theory of Change graphic.

Written by
Recent RMMFI News
A building with a "Hooper Junction Ruby Rose" sign featuring a red rose logo welcomes visitors in both English and Spanish. Below, a sign reads "Cafe & Micro-Bakery." The structure is white with blue, red, and black lettering, reminiscent of designs seen statewide.
RMMFI is now proudly serving entrepreneurs statewide in both English and Spanish! While our initial expansion into rural Colorado focused on Trinidad, Sterling, and the San Luis Valley, our English and Spanish programs are now open to individuals from anywhere in the state.
A group of approximately twenty people stand together in a room, posing for a photo. They're diverse in age and appearance, embodying the need for inclusive entrepreneurial support as they smile warmly at the camera. The room is decorated with a tinsel garland and a wall mural of a blue ski mask.
As part of DOLA’s Community Crime Prevention Initiative (CCPI), RMMFI provided educational programming and business grants to formerly incarcerated entrepreneurs in Northeast and Southeast Colorado.
A two-story red brick building with arched windows on the upper floor. The ground level features large windows and doors, one with a sign reading "Emily's Barbershop, Now Open." A large potted plant and sandwich board sign are placed on the sidewalk in front. Nearby, RMMFI is preparing for an office move downtown.
After 7 years, RMMFI is moving to a new office space in downtown Denver! Our team has expanded significantly over the past several years, and we’re excited to be moving into a new home – appropriately named Space to Grow – that will better serve the needs of our staff and our full community.
Skip to content