In this episode, we examine the 2008 financial crisis and the early warning signs that many luxury brands missed.
Before the crash, the industry was booming—record-breaking sales, new store openings, and aggressive global expansion. But behind the scenes, economic instability was brewing. Many brands ignored the red flags, leading to overproduction, over-expansion, and significant financial losses when the crisis hit.
Luxury founders today can learn from the past and ensure their businesses are built for long-term resilience.
In this episode, you’ll discover:
✨ The key indicators that hinted at the looming 2008 recession—rising debt levels, consumer behavior shifts, and overproduction.
✨ Why luxury brands ignored these warning signs and how Hermès strategically positioned itself to thrive.
✨ How to recognize similar patterns today and proactively adjust your business strategy before a crisis hits.
✨ How to use the 3/2/1 Financial Foundation Formula to build financial forecasts that keep you ahead of market shifts.
Apply the lessons you learn in this episode in the Building Your Business Blueprint Masterclass.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.