The Act of Leading Vs Being a Leader

Premise:

I was talking to one of my friends about leadership and what it means to be a leader and is there a distinction between being a leader and the act of leading. What follows is my understanding of the difference. Would be a great to riff at this.

Apart from the fact that one is a verb and the other is a noun, there are a few other important things that we need to understand.

The Act of Leading:

The act of leading implies two things

It is an act (with a beginning, middle and an end) ...