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by ycdxvjp 877 days ago
It can be fixed.

People need to learn some basic finance if they want to influence how creator economy businesses run. If you can't do that make friends with business experience who you can trust and rely on. If you can't do either, don't get into a creative field.

Most of the time creatives just hand over all financial decisions completely to some one else.

And then guess what, the financial engineers gain much more influence over how the business run. Even Disney is being pushed around (see Nelson Peltz). And the reason Peltz and finance logic hasn't totally over run them is there are people with finance skills saying profit maximizing, cost cutting finance logic cannot run this shop.

You will not find a single sucess story in a creative field without someone with business skills involved.

1 comments

> You will not find a single sucess story

certainly depends on the definition of success..

Disney is doing well in the finance department but its appeal is falling hard.