Sure.
The last ten and a half years I operated a quick-service neighborhood restaurant, which we opened when our children were both very young - under three years old. Long story short the demands of a 7 day a week operation, scarcity of good help (no matter how much you pay them) and desire to reclaim our weekends and family time outweighed the money and quasi-fame of restaurant ownership. For now, anyway.
We also owned/operated a catering business some years back before the kids came along and were in and out of W-2 gigs so we've been on both sides.
I still and will always push for entrepreneurship! Freedom!
Whatever business category one pursues I recommend a THOROUGH amount of planning and soul searching.
And here's the trick: Never go in with an attitude of "Will it work?" Will I have enough customers/clients/contracts?
Your attitude MUST be, "How will I handle all the damn business I'll be getting?" And that's the ONLY attitude you should have. Generally things will work out...
All the above was the subject of my book/blog "Restaurant Winners" (shameless plug).