#1 reason for owning your own business: there is no money or reward in working for other people. Of course, you have to know what you are doing, and enjoy it. It also depends on what market/industry you go into. Owning a Firm is alot different than a Garden Center. But at that, if you get your family involved to carry it on when you get older, you end up with a source of income (and sometimes status as well) that can benefit your family for generations to come.
I was 'best man' last summer for a friend who is taking over, and will be a 4th generation owner in, the family business...what business is that?
http://www.minorsgardencenter.com/content/company/static/aboutus.php.
It sounds kinda 'hokey' at first, but they have a market all to themselves, and loyal customers year after year, contractors that come in from all over the state and even Ill. Their 'take-home' for just the 3 brothers that run it now is just shy of a million dollars a year, and they still have plenty left over for expanding the business (they grow their own stuff on 12+ farms that they own around WI and down south), salary for the many workers, and investing in other businesses (they are silent partners in several other businesses like pickle makers, large hiney farms, etc). The grandfather (2nd gen) lives 1/2 his year in Cali and the other half in WI, buying a new Jaguar convertable every other year. School for the kids, and even cousins, is payed in full up front. Its unbelievable. They joined True-serve corp as a showplace dealer(True Value hardware and Service Star), so I can get Rubbermaid stock tanks and other pet supplies (eheim pumps, mag-drives, heaters, etc) at wholesale cost with them, and the list just keeps on going.
All because great-grandpa minor decided to open up a little corner flower/garden shop 50 years ago. He lived intil a few years ago...happy guy too. They make millions every year, and have secirity for their whole family for many generations to come.