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I don't mean to offend, but have you considered what your child might think of you when they grow a bit older and find this comment?

They'll probably thank him for raising him well, and teaching him/her the value of a good work ethic, rather than being spoiled and lazy.

Ideally he won't think anything of it because I've spent so much time with him we're working side by side building his first business by that point.

I'd be careful, the more expectation you load onto a child, the more they push back in the teen years.