I think that this would be a foolish and ill-advised move. The ramifications of reduced focus could be disastrous. You just need to ask the people involved in the following for example.
The owners of a nail salon in York being given suspended prison sentences for failing to rectify fire safety failings; a Wolverhampton pub landlord sent to prison for flouting fire safety legislation and a Hounslow landlady receiving £200,000 in fines and costs following a fatal fire at one of her properties.
As a business owner you may not suffer consequences of fire related injury but could your business survive the consequences of huge fines or your imprisonment?