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The False Choice Between Profit and Purpose

  • Writer: Temitope Abiagom
    Temitope Abiagom
  • Jan 18
  • 2 min read

There is a persistent and harmful false dichotomy between business and social impact. We are often told we must choose: profit or mission, systems or compassion, sustainability or equity


That distinction is not only false, it is costly. Too often, impact is reduced to handouts without empowerment, while business is framed as inherently extractive. But real lasting change does not live at either extreme. It lives in the both/and.

 

Social enterprise sits precisely at that intersection: where business principles meet a deep commitment to people, equity, and long-term impact. Mission and profit are not opposites. When done responsibly, they are partners.


Why I Reject the Either/Or

I speak from experience on both sides of this pendulum. 


My personal life and professional experience as a social worker  has placed me face-to-face with the human cost of  inequitable socio-economic systems: poverty, gender-based violence, homelessness, children out-of-school, and organizations stretched beyond capacity. 


I feel frustrated on how poverty is sometimes romanticized as though toiling is a moral badge of honor. This narrative often comes from distance and privilege, not lived reality. There is nothing noble about families separated because of economic stress. Nothing honorable about people’s  work being devalued, under-compensated while they are unable to meet basic needs 


Earlier in my career, I worked in corporations and at some point launched my company where I learned the hard lessons that only real entrepreneurship teaches - cash flow, systems, risk, resilience, and accountability.

 

I have seen what happens when profit is pursued without responsibility, and I have also seen what happens when  impact work is disconnected from sustainable business models.

Neither works on its own.


Social Enterprise Is A Necessity

Evidence and practice consistently show that social enterprises strengthen communities by:

  • Creating dignified jobs and local economic opportunities

  • Increasing organizational sustainability and reducing over-reliance on grants

  • Designing solutions that are responsive, scalable, and community-rooted

  • Aligning business growth with equity and inclusion


Social entrepreneurship combines sound business practices with social missions. It is not charity with branding- it is strategy with values. The model operates with a dual mandate: economic value creation and  social impact.


I’m proud to be a social entrepreneur. 


 
 
 

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1 Comment


Khadija Ka'oje
Khadija Ka'oje
Jan 19

Well said! Social enterprise is the way forward.

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