4.6 • 1.3K Ratings
🗓️ 8 August 2023
⏱️ 6 minutes
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0:00.0 | We're going to talk about what the inverse entrepreneur effect means. |
0:03.6 | And this is a new concept, and I saw a creator channel talking about this, |
0:07.4 | but if you think about business in the old days, business was like a pyramid going up, right? |
0:12.0 | You build the foundation of the business and you add more and more people, |
0:16.4 | and then at the top of the pyramid or the hierarchy you can say is the CEO, right? But now that |
0:21.5 | pyramid's actually been flipped around where let's say we talk a lot about creators |
0:25.4 | Emma Chamberlain or Logan Paul or Mr Beast right it's actually inverse pyramid now where the creators at the very bottom |
0:31.7 | And then he start to add resources on top of it, |
0:34.0 | but everything relies on the creator. |
0:35.7 | And so if the company, the creator gets sick or like, you know, God forbid they get injured or something, |
0:41.8 | everything kind of like crumbles, right? |
0:43.6 | And so that's kind of the trouble with this new creator economy, |
0:46.9 | this new inverse entrepreneur effect that we're seeing come into play. |
0:50.4 | Pretty much what you're saying is the companies are becoming reliant on the brands. |
0:54.4 | Correct. Like if it's a Tony Robbins, hopefully it lives forever but people usually don't live forever. |
1:00.3 | I haven't met anyone who has yet. But with Tony Robbins if something happened to him and God forbid, |
1:06.0 | there goes a business, right? |
1:08.0 | In essence, same with LeBron James or Neil Patel or whoever it may be. |
1:12.0 | Now you could end up, we need James or Neil Patel or whoever it may be. |
1:12.6 | Now you could end up winning yourself away, |
1:16.0 | like Ogilvy ran the ad agency Ogilvy |
1:19.2 | and David Ogilvy is no longer around, |
... |
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