Part 1: What is Entrepreneurship? Really
Personal Values vs. Company Values
Aligning personal and company values creates a stronger business.
Before a company has values, the owner already does. Every entrepreneur brings their own beliefs, priorities, and principles into the business they create. In the early stages — especially in the trades — the distinction between personal values and company values is often unclear. The business simply reflects the owner.
If the owner values honesty, the business tends to operate honestly. If the owner values quality, the work reflects that commitment. If the owner prioritizes safety, that attitude shapes how every job gets done. Personal values become company values by default. Over time, however, that relationship becomes more complex.
Learning Objectives
By the end of this chapter, you will be able to:
- Define personal values and explain how they shape a business from the start
- Explain the difference between personal values and company values
- Identify situations where personal and company values can come into conflict
- Describe how to align personal values with the values needed to run a growing business
Personal Values
Personal values are the principles that guide how individuals live and make decisions. They are shaped by upbringing, life experience, cultural influences, professional training, and personal beliefs. A tradesperson who values craftsmanship may spend extra time ensuring work is done correctly. Someone who values reliability may place a strong emphasis on meeting deadlines and communicating clearly with customers. These principles follow entrepreneurs into the businesses they build and shape the identity of those businesses from the start.
Company Values
Company values are the principles that guide how an organization operates as a whole. Unlike personal values, company values must apply to everyone involved in the business — including employees, apprentices, subcontractors, and business partners. They define expectations for behaviour across the organization and influence how employees treat customers, how safety standards are enforced, how conflicts are handled, and how quality is maintained.
When company values are clearly defined, people throughout the business have a framework for decision-making that does not depend on the owner being present. That is what makes explicit values essential as a business grows.
Where Conflicts Can Appear
In small businesses, personal and company values often align closely. But conflicts can emerge as the business grows. An entrepreneur who values working independently and solving problems alone may struggle when the business needs values that emphasize teamwork and communication. An owner who values speed and risk-taking may find that the company needs values centred on safety and careful planning.
As a business grows, company values must support the entire organization — not simply reflect the preferences of the owner. Recognizing that difference early helps entrepreneurs build something more sustainable.
Aligning Personal and Company Values
Strong businesses develop company values that reflect the best principles of the founder while also supporting the needs of the whole organization. Entrepreneurs can work toward that alignment by asking three honest questions:
- What principles guide my personal decisions?
- Which of those principles should define how the business operates?
- Which values should guide the behaviour of everyone working in the company?
Answering those questions intentionally creates company values that are both authentic and practical — grounded in who the owner actually is, rather than what sounds good on paper.
Download: Core Values Reference List
Browse this list of common core values and select three to five that genuinely reflect how you want to operate your business and treat your customers and team. Your chosen values will guide hiring, pricing, and every client interaction.
Key Takeaways
- In a new trades business, the owner’s personal values become the company’s values by default — intentional or not
- Company values must apply to everyone in the organization, not just the owner, which means they need to be explicitly defined as the business grows
- Conflicts between personal and company values are common as a business expands — recognizing them early helps prevent culture problems later
- The strongest company values are authentic: they reflect the founder’s genuine principles while supporting the needs of the whole team
Reflect
Use the Core Values Reference List above to explore a wide range of values that people identify with. As you review it, consider: which values feel most important to you right now? Which guide how you approach your work? Which would you want reflected in a business you own?
Understanding your personal values is the first step toward building a business that operates with clarity and purpose.