Most of the time, no it doesn't make sense for businesses to run like a government.
Part of government services is that in order to actually cover 100% of people, it's going to require massively overbuilding the infrastructure to ensure that there's enough resources to handle even the edge cases - despite the fact that those edge cases oftentimes aren't "profitable" to serve.
Take, for example, USPS vs FedEx. The remit of USPS is to deliver mail to EVERY SINGLE ADDRESS IN THE COUNTRY. Yes, even the ones that require taking a sea plane 500 miles into rural Alaska to serve a village of a dozen customers. FedEx, on the other hand, will only serve the addresses that it finds profitable to do so.
When conservatives want to "run government like a business", part of what they're saying is that they simply want to not serve the parts of the population that aren't "profitable". But profit should never be the point of government services. It's defining what services are worth providing to every single citizen, and ensuring that they're delivered to them - yes, even the ones that are far more difficult to provide.
@theincredibleholk @mhoye