Adeyemi: Profit of Purpose Book to Empower Social Entrepreneurs

Kayode Tokede

In a transformative stride towards financial sustainability within the social impact sector, the highly anticipated book, The Profit of Purpose: Mastering Financial Accounting and Reporting for Social Entrepreneurs, has been officially launched.

This highly anticipated publication aims to equip change makers with the crucial financial acumen necessary to thrive.

The launch event, recently in Lagos, brought together an impressive assembly of thought leaders, finance experts, and social entrepreneurs, sparking an engaging dialogue on the future of financial management in mission-driven organizations.

Delivering the keynote speech, Executive Director of FATE Foundation, Adenike Adeyemi   emphasized the critical role of sound financial management in ensuring the long-term success of mission-driven organizations. “Non-profit sustainability is paramount,” she stated, highlighting the importance of financial literacy in achieving lasting impact.

The official unveiling and launch of the book was led by Adebola Williams, CEO of AW Network and Dr Orode Doherty, CEO Ingress Health Partners, who commended the authors for providing practical insights tailored to the unique financial challenges faced by social enterprises.

Reflecting on the book’s purpose, The Author, Bukonla Adebakin  stated, “Financial literacy is the backbone of any sustainable impact. For too long, social entrepreneurs have struggled with the complexity of financial management, often at the cost of their mission. This book is my contribution to demystifying those challenges, providing a practical roadmap that enables change makers to focus on what truly matters—driving meaningful and lasting change.”

Addressing some of the most pressing concerns for non-profits and mission-driven enterprises, The Profit of Purpose – Mastering Financial Accounting and Reporting for Social Entrepreneurs, equips social entrepreneurs with financial literacy skills to sustain and scale their impact.

Responding to media question on taxation, she explained, “One of the key issues addressed in the book is taxation, particularly in regions like Nigeria and Asia, where many businesses remain unregistered. The book stresses that formal registration is vital for sustainability, allowing organisations to access donor funding and operate legally.”