If you want to be able to focus on lifestyle, you must have the business success part pretty well sorted out. Otherwise, how would you be able to underwrite all of the activities and profit sharing you describe?
We don't have a huge monetary success and no one is going to buy our company for multiple millions, but we have a lot of freedom, cool people and pretty fun adventures together without having to worry about financials either as long as don't start driving Lamborghinis ;-)
That said, the financials need to be good to support the lifestyle part. But if you live smart (not wasting money on a lot of things you probably don't need anyway) you get pretty far.