The present study takes issue with the uniform conceptualization of lifestyle entrepreneurs in previous research by drawing on identity theory and life-story interviews with lifestyle entrepreneurs in Norway. This article aims to show how lifestyle entrepreneurs create their entrepreneurial identity and how this identity informs both their entrepreneurial actions in different ways and how they manage the enterprise. On the basis of a narrative understanding of identity this article differentiates between two dimensions of identity construction: (1) socially and culturally embedded versus independent, and (2) flexible versus stable. The main contribution of this study is that embedded or independent and also flexible or stable identity constructions dominate the identity-construction process for individual lifestyle entrepreneurs. On the basis of the latter this article reports four narrative types of lifestyleentrepreneur identity construction: (1) the modern, (2) the loyal, (3) the freedom-seeking, (4) and the post-modern lifestyle entrepreneur.