Secret Leaders with Dan Murray-Serter & Chris Donnelly

My Favourite Failure: How Knockoffs Killed the Leisure Suit Revolution - Jerry Rosengarten

Apr 25, 2024

Jerry Rosengarten, seasoned entrepreneur, discusses creating the leisure suit revolution and its downfall due to knockoffs. He emphasizes the importance of pivoting in business and having a reliable income source. Lessons on fabric quality and entrepreneurial strategies are shared.

08:06

Episode guests

Jerry Rosengarten

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Quick takeaways

Adaptability is crucial in business ventures to overcome challenges and sustain long-term success.

Having a reliable source of income, like a 'drizzler,' is essential for entrepreneurs facing tough times.

Deep dives

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Introduction

3min

The Story of the Leisure Suit: Rise and Fall of an Innovative Garment

2min

Lessons on Fabric Quality and Entrepreneurial Strategies

3min

Jerry Rosengarten is a seasoned, serial entrepreneur and designer who, somewhat unexpectedly, created a revolution in menswear when he designed the leisure suit. However, the leisure suit's success was short-lived. Jerry reveals how knockoffs and cheaper fabrics flooded the market, ultimately leading to the downfall of his business.

Through his experiences, Jerry imparts valuable lessons for entrepreneurs, emphasising the importance of pivoting in the face of challenges and having a reliable "drizzler" – a steady source of income to fall back on during tough times. His story serves as a reminder that even the most promising ventures can unravel, and adaptability is key to long-term success.

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Secret Leaders with Dan Murray-Serter & Chris Donnelly

My Favourite Failure: How Knockoffs Killed the Leisure Suit Revolution - Jerry Rosengarten

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Personio's Compensation Management Feature

Jerry Rosengarten and the Leisure Suit Venture

Remember Everything You Learn from Podcasts