Yes and no, it's hard to explain.
Basically I only get involved in particular kinds of businesses and business models. If I'm involved in starting them then low entry point and low staffing model is extremely important. Never say never but I'd almost never get into something that is very easily replicated and relies on the owner being there unless margins were huge (unlikely to be if easily replicated). Examples of this would be retail shops, things like say mechanics shops etc because the market is saturated and there are too many people willing to work in them for a pittance so I'd never be able to compete.
Basically I've got 2 businesses where I'm involved day to day and investments in another few where I've got some input but not daily. Of those only 1 involved buying into an existing business at a highish figure which has Hugh staffing cost but there is significant upside there.
In terms of hours, I love the flexibility. Eg yesterday alone I worked on 3 of them and yes I worked til 830pm but I enjoyed every minute of it.
Today I just woke up, will prob start work around 11. It also allows me to take a fair bit of time off? Eg I've been on I think 5 trips this year and there's no way I could do that if working for someone else.
It comes down to the approach, currently were negotiating to buy into a couple of others too, if the numbers work we will, if they don't we won't. Also, if a business doesn't work then yes I won't be happy but it isn't the end of the world as I don't have a loan against any of them, no big overheads etc.
There are lots of ways to skin a cat, people just need to open their eyes to the possibilities and once you do the options are endless. I dropped out of uni and only have a year 12 education but I get offered stakes in companies or offered jobs all the time. The key is to make yourself more useful to others than they are to you.
I don't say any of the above to bignote myself btw, I normally keep this close to my chest but I thought I'd share this since you asked. I absolutely love property but it isn't the only thing I do so if returns aren't good there I focus on other areas. It's also why I have absolutely no interest in buy and holds, people talk about 5% returns etc, I view them as much higher risk because it's a waste of capital when there are opportunities out there earning say 30 to 50% if the business only trades on multiplier of say 2to 3 times earnings