Yes, being self-employed or even retired is perfectly acceptable for a business visa. You can imagine that like most places, they are always looking for potential entrepreneurs or investors. And before you can invest, you have to go to take a look don't you? I have just received my second 1-year multi-entry business visa. Except for a simple letter from me, outlining in very broad terms my business interest in Russia, no other documentation was requested. YMMV.
My first visa application was also for a 1-year multi-entry visa and it was issued with no problems. I had never had any other visa for Russia before that. Also, I wasn't able to use the first one due to a change of plans, but reapplied for a second one, and had no issues with that one either.
Heading out April 18.  I think I might actually get there this year!
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