First off, I’d like to setup some ground rules before I get started.
I really put people into two separate buckets.
There are entrepreneurs : These people are looking to develop an asset which provides a good or service which can eventually operate on its own. The primary job of an entrepreneur job is to build a business which grows and continues a success trajectory without them present.
There are small business people: These people are looking to start a business which they can run so they have discretion over their own fate and schedules without the oversight of a boss. If being your own boss and having more time to spend with your family is your top priority, you probably fall in this bucket.