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Think you are both right.. but You should treat it as a job first before you get to be someone who sits back and let the business run itself. If you don't aspire to be an "owner" ... you need to get to the "owner" side so that you're not always chasing the next sale. You let your business processes (or support staff) do that for you automatically.
What Louis said can be taken another way, that many business owners work more than 40 hours in a week.
As a business owner, you really should hire people and put systems in place that it can run without you. But it also takes work and time to get there, and many never do. Either they aren't hiring the right people, don't have the right systems, haven't grown big enough, or are simply unwilling to give up control.
Finally, success is relative.
There are many who just want to pay the bills and be able to coach their children's sport teams. Others want to put up a huge income and have all the fancy toys.