With a business, you make money while you work in it.
But if you decide to take a vacation or stop working, the business falls away.
Most companies are really businesses – the real companies involve several businesses made up of:
– a set of values, culture, organisational structure, improving systems, creating ideas, hiring & firing staff and lots more – anything that adds VALUE.
At the end of the day, if the business is of little value to you, it’ll be of little value to anybody else (without you).
Knowing the difference between whether you run a business and a company is one of the most valuable lessons an owner/leader will ever learn.