Yes you can manage your Masters you with job with a only depends on the nature of job,so I suggest if your job is very stressful because of time factors you can run the up Masters by time to enable you meet up.
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I agree with your submission. He can actually study and run a business at the same time without one affecting the other. He can go for a part-time study which will avail him the time to manage his business successfully and study without any problems. It depends on how smart he is to do both.I think there are part time jobs you could do that could make you set out a time frame for your part time job and also for your masters degree
Yes, it is possible to do a masters while working full time. The trade-off is that it takes a much longer time to get a degree in many cases.