Podcast Summary: The Journey with Morgan DeBaun
Episode: 5 AI Businesses to Start to Build Wealth
Release Date: August 12, 2025
Introduction
In Episode 5 of The Journey with Morgan DeBaun, host Morgan DeBaun explores the burgeoning landscape of artificial intelligence (AI) and its transformative potential for aspiring entrepreneurs. The episode, titled "5 AI Businesses to Start to Build Wealth," provides listeners with actionable insights into leveraging AI and generative technologies to create sustainable and profitable businesses. DeBaun emphasizes the decreasing barriers to entrepreneurship and the shift towards self-employment, particularly in the wake of increasing layoffs and economic uncertainty.
The Changing Landscape of Entrepreneurship
Morgan begins by highlighting a compelling statistic: "By the year 2035, over 50% of white-collar workers will be self-employed" (00:00), a significant jump from the current 20-23%. This shift underscores a growing trend where experienced professionals transition into solopreneurship, often taking on roles such as fractional CEOs, CFOs, and CMOs.
Key Insights:
- Lower Barriers to Entry: Morgan asserts, "The barrier to being an entrepreneur has never been lower" (02:15). With the advent of AI tools, virtually anyone can embark on an entrepreneurial journey, whether as content creators, real estate investors, or service providers.
- Mindset Shift: Embracing the identity of an entrepreneur is crucial. Morgan advises, "If you first just say like, I'm an entrepreneur...," which opens the door to monetizing skills and creating diverse income streams (02:45).
1. AI-Powered Content Agency
Morgan's first business idea revolves around establishing an AI-Powered Content Agency. As more experts become solopreneurs, there's a growing need for effective self-marketing—something not everyone is skilled at.
Key Components:
- Content Creation Systems: Utilize AI to develop frameworks for content creation, such as video scripts and social media posts.
- Customization with GPTs: Build custom GPTs for various steps in the content creation process, ensuring personalized and high-quality output.
- Human Element: Despite AI's capabilities, human intervention remains essential for tasks like video editing. Morgan suggests outsourcing these tasks to maintain efficiency (04:30).
- Business Model: Offer monthly packages delivering a set number of videos, catering to the high demand for streamlined content creation.
Notable Quote:
"AI content agency, I promise you people will be begging you for this." — Morgan DeBaun (05:10)
2. Custom GPT Setup Services
The second business idea focuses on Custom GPT Setup Services, capitalizing on the widespread use of ChatGPT.
Key Components:
- Expertise in ChatGPT: Specialize in configuring and customizing ChatGPT instances tailored to individual or business needs.
- Service Offering: Provide setup services that optimize ChatGPT for specific applications, saving clients time and enhancing their AI usage efficiency.
- Maintenance Packages: Offer ongoing support to adjust and tweak GPT instances as AI technologies evolve (07:00).
Notable Quote:
"The average person does not have hours and hours... to learn how to do these things." — Morgan DeBaun (06:45)
3. AI Automation Consultancy
Morgan introduces an AI Automation Consultancy as the third business venture, aimed at helping small to midsize businesses streamline their operations.
Key Components:
- Custom Automations: Develop bespoke automations using tools like ChatGPT to connect various business processes, such as integrating campaign information with client decks.
- Scalability: Initially handle projects personally before scaling by hiring automation engineers as the business grows.
- Value Proposition: Charge between $1,000 to $10,000 per project, emphasizing the time and cost savings provided by effective automation (09:30).
Notable Quote:
"Building those kind of custom automations and connectors is another great way to make money." — Morgan DeBaun (09:15)
4. AI-Enabled Education Platforms for Coaches and Educators
The fourth business idea targets AI-Enabled Education Platforms for existing coaches and educators facing competition from AI-driven tools.
Key Components:
- Customized AI Tools: Develop AI platforms tailored to specific industries, like personal finance or parenting, incorporating the educator's unique philosophy and frameworks.
- Interactive Learning: Create chatbots or apps that deliver personalized, interactive learning experiences, enhancing traditional courses with AI capabilities.
- Defensive Strategy: Position the platform as an extension of the educator’s expertise, ensuring clients receive branded, high-quality guidance (12:00).
Notable Quote:
"You can beat it. You can join it." — Morgan DeBaun (11:40)
5. AI-Powered Recruitment Agency
Morgan's final business idea is an AI-Powered Recruitment Agency, addressing the inefficiencies in the current job application processes exacerbated by platforms like LinkedIn.
Key Components:
- Resume Parsing and Ranking: Utilize AI to sift through大量 applications, ranking candidates based on predefined criteria to streamline the hiring process.
- Human Oversight: Combine AI efficiency with human judgment to ensure quality and reduce biases inherent in AI systems (14:50).
- Sourcing Solutions: Go beyond passive applications by actively sourcing candidates, enhancing recruitment efforts through targeted AI-driven strategies.
- Service Pricing: Charge premium fees for reducing applicant volume and improving hiring quality, making it a valuable service for business owners (15:30).
Notable Quote:
"Every single thing that I'm telling you is AI plus human equals business." — Morgan DeBaun (16:10)
Conclusion
Morgan DeBaun wraps up the episode by reinforcing the symbiotic relationship between AI and human expertise. She emphasizes that while AI tools can vastly enhance business operations, the human touch remains indispensable for oversight, curation, and quality assurance.
Final Thoughts:
- Proactive Entrepreneurship: Morgan encourages listeners to seize the AI-driven entrepreneurial opportunities now to secure financial independence and adaptability in an uncertain economic future.
- Continuous Innovation: Staying ahead requires ongoing tinkering and innovation, integrating AI thoughtfully to complement and elevate human capabilities.
Closing Quote:
"You never want to be dependent on one company or any one source of income for you to live your life. That's how you work smarter, not harder." — Morgan DeBaun (17:50)
Key Takeaways
- Embrace the Entrepreneurial Mindset: Recognize the low barriers to entry and the vast opportunities AI presents for creating diverse income streams.
- Leverage AI Tools Effectively: Utilize AI for content creation, automation, education, and recruitment to build scalable and efficient businesses.
- Maintain Human Oversight: Combine AI efficiency with human expertise to ensure quality, reduce biases, and provide personalized services.
- Adapt and Innovate: Continuously evolve your business strategies to keep pace with rapidly advancing AI technologies.
For those aspiring to build wealth through innovative AI-driven businesses, Morgan DeBaun's insights provide a comprehensive roadmap. By blending cutting-edge technology with human ingenuity, entrepreneurs can navigate the evolving landscape and achieve sustainable success.