4 Types of Entrepreneurs and THEIR DARK SIDES

There are 4 types of entrepreneurs, and it's important to know which one you are because each comes with it's own set of down falls and traps. Watch the video, and see which one you are? Leave a comment below once you figure it out, and remember it can be a combination of a few, too.

Big thanks to Ryan Levesque from for coming onto the show. This video is actually a sneak peek from our upcoming audio podcast interview going live on the Smart Passive Income Podcast later this year. This was so good, I wanted to pull it out and put it into it's own video for you here.

0:48 – Type 1 – The Mission-Based Entrepreneur
1:40 – Type 2 – The Passion-Driven Entrepreneur
3:11 – Type 3 – The Opportunity-Based Entrepreneur
3:50 – Type 4 – The Undecided Entrepreneur

Dark sides / traps at: 4:58

Choose, by Ryan Levesque (affiliate link):

Again, let me know which type of entrepreneur you are, and if you've fallen into any of these traps Ryan spoke about.

Also, if you've like to catch the full interview, as well as other great business interviews I've conducted, check out the Smart Passive Income Podcast here:

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Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:

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    18 Responses to 4 Types of Entrepreneurs and THEIR DARK SIDES

    1. Janis Ozolins January 10, 2020 at 9:19 pm #

      Thanks. This was really good and when explaining the weaknesses it’s clear where I fall into. Undeceive.

    2. Florian Ulrich January 10, 2020 at 9:19 pm #

      I think the most important point of business is to see whether there is demand, and then go after it. Maybe with a practice business. Over time, everyone will probably fall into the mission/passion/opportunity base.

    3. Ioan Brinzas January 10, 2020 at 9:20 pm #

      Undecided – amassing knowledge, but not putting it into practice. How does one find a “practice business”?

    4. Depeint Studio January 10, 2020 at 9:22 pm #

      What if I have a mission to do something great which I am passionate about and i can see the opportunity but i still struggle to decide on what my actual business is about?!

      • Margaret McLaren January 10, 2020 at 9:27 pm #

        I found it hard to choose one, too.

    5. TheLadyWrites January 10, 2020 at 9:24 pm #

      I’m passion based and I’ve hit the now what phase but moving forward anyway. I love what I do. I love what it has allowed me to do. I’m truly blessed. 🙂 Time to grow 🙂

    6. Margaret McLaren January 10, 2020 at 9:25 pm #

      I’m sure I’m not alone in saying I’m a mix of several types. I’m for sure undecided a lot, having to force myself to “pick something and move on!” I also can see myself in the other three types to a point, but I’m primarily a passion based entrepreneur. It helps me get through the tedium that is work to have it be something I’m passionate about. I try to keep myself passionate about it by having parts of that category (crafting for me, specifically crochet) be just for fun.

    7. Dad Dare January 10, 2020 at 9:26 pm #

      Pat, I’m friends with Kevin Fremon, love this video! I think I’m number 4 and still figuring it all out! Thanks for all the value you are sharing.

    8. Pat Flynn January 10, 2020 at 9:29 pm #

      Thanks for watching this video – been working hard to crank out USEFUL content that inspires, but also teaches. Thanks for the kind words everyone! Let me know what kind of entrepreneur you are in the comment section below. Maybe you’re a mix, or maybe you’re unsure (i.e. #4, hehe). Love yall, and thanks for being here! Team Flynn for the win!

      • Drew Menck January 10, 2020 at 10:03 pm #

        Pat Flynn I’m a solid 2.5 right between passion and opertunity, #teamFlynn

    9. Cory Steiner January 10, 2020 at 9:35 pm #

      Passion-driven medical device entrepreneur from a terrible injury 29 years ago. It’s been BRUTAL, but just made some profound progress helping out some very special people with it. Even as recent as very recently my family begged me to give it up. I’m also way into photography, but did just give up the paid photography side gig in favor of personal/community photography (which I have a huge local following with). Stayed focused no matter what and it’s become a 28 year overnight success. I heard it took Amazon 30 years.

    10. Rich’s Pizza Party January 10, 2020 at 9:43 pm #

      One and two and at times a bit of 3.

    11. Ryder Studios January 10, 2020 at 9:44 pm #

      Definitely passion based

    12. Life in Glow Wellness January 10, 2020 at 10:02 pm #

      A well put video in terms of types of entrepreneur. Although I suppose the mission-driven people often don’t start it as a business, it just might come out that way if some opportunity arises. Passion-driven people also have a risk of investing a ton of energy, time and even money and becoming as stated burnt out – I belong to that type and the border between the passion and business from a passion should be quite clear. Perhaps some mentorship can be helpful. Or planning on paper more like people do paper trading. *** Anyways, look forward to more videos on this topic like dos & donts 🙂

    13. Everything 80's Podcast January 10, 2020 at 10:04 pm #

      I think I’m passion with a twist of undecided. This is a great video and a great evolution in helpful content.

    14. RestoreYourSparkle JaimeJo January 10, 2020 at 10:22 pm #

      Passion based for sure.

    15. Dustin Miller - PolyInnovator January 10, 2020 at 10:24 pm #

      I felt inclined towards all of them, but I feel that I an undecided

    16. Peasant Uprise Gaming January 10, 2020 at 10:26 pm #

      Blend of passion and undecided who has opportunistic tendencies.

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