TMBA 121 (LBP109) – The 7 Types Of Entrepreneurs And Johnny Arbitrage

TMBA 121 (LBP109) – The 7 Types Of Entrepreneurs And Johnny Arbitrage post image

This week Dan and Ian were reminded of a great project that you have all helped us to grow in the Lifestyle Business Podcast community. To date you guys have raised over $5000 on Kiva micro-funding businesses and entrepreneurs in developing countries. That’s pretty baller.

Check out our Kiva page to pay it forward cause that’s what entrepreneurs do.

What else do entrepreneurs do? Well, what an entrepreneur does depends a lot on what type of entrepreneur they are.

What Are The 7 Types Of Entrepreneurs?

  • The Dominator – Ultimate alpha personality
  • The Poker Player – Clever at gaming systems
  • The Hustler – Workin’ angles and hustlin’ deals
  • The Wanderer – Curious about learning and seeks intellectual stimulation
  • The Builder – Focused and productive about their craft
  • The Tech Savant – Structurally creates things with massive value
  • Visionary – Sees broader opportunity in daily detail
And Johnny Arbitrage

Listener Questions:

  • I’ve been interested in location independence for the past several years. I wanted to see if you had some insight on how a owner of a service business could go about becoming location independent in a place like Bali or Vietnam while still running rather lean and correctly. – Clay from Center Stage Entertainment Marketing


Just The Tips

  • Surge II Backpack
  • Pretty Lights Remix of New York State of mind featuring Biggy Smalls

Have fun. Leave a comment. Give us a ring. 888-554-8428. Go make it happen! :)

Episode length: 20:43


Download options:

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Published on 06.28.12
  • VERY funny episode guys.

    “And yeah, you can just be a jerk. I mean, we see this everyday in Ian’s behaviors around the office.” LOL

    You guys just described me when talking about ‘The Wanderer’. I’m on a conscious effort to change for a more bulider-hustler type, because the wanderer usually don’t build too much thing (real businesses), because he get stucked on ‘high level type of stuff’ (history, psychology, whatever).

    “the hustlers are fearless, you know, ‘I’ll sell anything to anybody. I’ll cold call anybody, anytime, you know, who is the most pissed-off to receive a cold call? Like, a middle age, working guy in Idaho, I’m gonna call that guy after he gets off the work while he’s sitting at the dinner table with his kids and I’m gonna sell him life Insurance. Or knives'”

    Love it! haha

  • Late one night in a dark alley in Manilla The Wanderer met the The Hustler… and Had a Bastard child!!!
    Great Episode Guys
    Shout Out to Ian Biggie Smalls Baby Baby!!!

  • I’m the 8.5th type of entrepreneur, ‘The Drinker’, we drink a lot and make a lot of friends while drinking and wake up hungover with a bunch of business cards who we do deals with.
    LOL kidding! I consider my myself about 60% hustler/40% Wanderer. Is that common?

  • This episode rocks. Your description of the 7 types of entrepreneurs is so accurate.

    I would say that in the online business world there are a lot of wanderers. Unluckily I include myself in that category. It’s not cool to be a wanderer. We waste a lot time and opportunities.Question is, can a wanderer model himself into another kind of entrepreneur -maybe a builder?

  • Dan

    Thanks Christina!

    Sure, I think I’ve got a lot of wanderer in me. I keep my wondering site focused on my physicality (in Hong Kong now!) and try to work on projects that leverages the fact. There are many types of businesses that can benefit from a exploratory mind on board, so it’s cool when you can identify a business that takes advantage of your natural inclinations rather than fights against it.

  • Dan

    Lots of wanderers around here me included!!! Thanks for the re-prints here, this podcast will hopefully, eventually, with any luck, become a comedy podcast ;)

  • Dan


  • Dan

    yeah buddy no kidding! join the crew. sounds like a lot of hustler / wanderers around here..

  • That’s a good point. I don’t mean to stop being a wanderer. Just focus a little bit more on one thing :-)

  • You guys are on the right track, you can bet!

  • Ian

    Things done changed!!

  • I thought the Surge II was big. My North Face backpack isn’t made anymore since it’s about 12 years old, but it is about 25%+ smaller than the Surge II. I need to find a replacement for mine as it is coming apart at the seams. Shoulda had it repaired in the Philippines.

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