The 8-Figure Product CEO

Luke Peters

Practical strategies to scale, lead, and exit your physical product business. Hosted by Luke Peters, who built and sold a $80M brand. The 8-Figure Product CEO is the ONLY podcast built for founder-CEOs scaling physical product businesses and preparing for a successful exit. Each episode features real stories and practical strategies from top entrepreneurs, operators, and investors. You'll learn how to lead a growing team, optimize margins, build enterprise value, and navigate the path to acquisition. This podcast delivers actionable insights and direct conversations that help you scale smarter, grow profitably, and make confident decisions as you build a company worth selling.

  1. 12/17/2025

    How to Build a 2026 Budget That Actually Works: Eight Areas Most CEOs Miss

    Most budgets fail before the year even starts. Not because the team didn't work hard—but because the assumptions were never real. In this episode, I walk through the eight critical areas where mid-market companies blow their budgets, and the exact process I use when coaching CEOs, CFOs, and ownership teams through 2026 planning. This isn't theory. These are real-world lessons pulled straight from reviewing company budgets this year—where revenue forecasts are overly optimistic, margins are padded, promo calendars are ignored, and SG&A stays untouched while the company continues losing money. You'll learn how to build a budget that your team can actually deliver, your investors can trust, and your cash flow can survive. In This Episode You'll Learn: 1. Why contribution margin—not revenue—should drive the entire budget How factory pricing, freight, duties, fees, warehousing, and returns must be rebuilt from the ground up every year. 2. The biggest leak in most budgets: unrealistic gross margin assumptions Why ignoring discounts, promos, and channel fees sets the company up for a miss. 3. The "shrink to fit" mindset for companies with declining sales How to right-size SG&A, negotiate every cost, and build a budget that hits break-even—before thinking about growth. 4. Inventory mistakes that destroy working capital Why over-optimistic inventory turns break forecasts, and how to sanity-check turns using real-world constraints. 5. SKU rationalization as a margin weapon How plotting SKUs by turn and margin can instantly improve profitability and simplify operations. 6. The three budget mistakes that kill companies – Building to revenue instead of contribution – Recycling last year's landed costs – Making optimistic assumptions the business has never hit 7. The SG&A review almost every finance team misses Insurance creep, freight contracts, return policies, ERP/IT waste, audits, cyber policies—how to pressure-test all of it. 8. Why your 2026 budget must include a plan to win A sales hunter, a real product roadmap, and clear ROI-driven investments—not just cuts. If you're building your 2026 budget right now, this episode will save you from another year of surprises—and give you the framework to build a budget that actually works.

    15 min
  2. 12/10/2025

    Fixing a Losing Business: The First 90 Days of a Real Consumer Brand Turnaround

    Your company's been losing money for two or three years. Forecasts keep promising a rebound that never comes. Sales are flat or down, SG&A is bloated, and leadership is too close to the problem to see the real issues. In this episode, I walk through the exact turnaround framework I use when stepping into a struggling mid-market company. These aren't theories. These are real wins pulled straight from the trenches—where outside eyes can find 5% in SG&A savings on day one and unlock a path back to break-even. We'll break down the practical work: renegotiating everything from freight contracts to ERP licenses, tightening product margins, doing real SKU rationalization, fixing bloated insurance and software stacks, and rebuilding a lean org that can move fast. Most importantly, we'll cover the hard but unavoidable truth: You can't forecast your way out of a loss. You have to operate your way out. What You'll Learn: Why fresh eyes can unlock instant SG&A savings How marketing becomes a hidden drain when attribution is unclear Where companies overspend without realizing it (insurance, ERP, freight, audits) How to evaluate product costs and negotiate meaningful reductions Why SKU rationalization can lift gross margins quickly How contribution margin leaks—returns, allowances, promos—quietly kill profit Why most forecasts are built on hopium, not reality The 90-day roadmap to stop the bleeding and rebuild the future How to right-size teams without losing the brand's magic Why a hunter in sales is non-negotiable for a real turnaround This is the playbook for owners, CEOs, and PE operators who need clarity fast—and can't afford another year of losses.

    17 min
  3. 12/05/2025

    When Payroll Eats the Business: Inside a Mid-Market Consumer Products Turnaround

    Most turnarounds don't start with marketing fixes or strategy sessions. They start with a calculator. A few months ago, I stepped into a mid-market consumer products brand doing under $10M a year. From the outside, it looked healthy -- loyal customers, strong reviews, recognizable product. Under the hood, it was bleeding $70,000 every month. The core issue wasn't mysterious. Payroll alone was sitting at roughly 25% of revenue. At their gross margins, breakeven wasn't possible. SG&A had quietly swallowed the P&L. This episode breaks down the real math behind why product companies get stuck, why good brands drift into multi-year margin problems, and what it actually takes to bring them back. Inside the Episode: • The setup: A strong D2C + dealer brand that looks fine on the surface but can't win the math • The denial loop: "We can't cut managers," "We need everyone for Q1," "Next year sales will grow" • The math problem: Why 25% payroll doesn't work with 45% gross margins • The rule of thumb: – Payroll should live around 10–15% of revenue – Total SG&A needs to stay ≤25% of revenue • The turnaround plan: – $500k+ in payroll cuts, not $250k – Right-sizing roles, spans of control, CS and warehouse – Cutting low-ROI contractors and software creep – Cleaning up SG&A leaks beyond payroll • The real fix: Designing a right-sized org that can actually produce margin • How to avoid this problem entirely: – Stay lean on the way up – Track revenue per employee – Rebuild your SG&A budget from scratch every year Why This Matters In almost every turnaround I lead, half the margin recovery comes straight out of SG&A -- and payroll is the biggest lever. The earlier you see the warning signs, the fewer tough calls you'll have to make later. If you're running a physical product brand and payroll is over 20% of revenue, you don't have a marketing problem. You have a math problem. And the sooner you address it, the sooner the business starts working again.

    18 min
5
out of 5
30 Ratings

About

Practical strategies to scale, lead, and exit your physical product business. Hosted by Luke Peters, who built and sold a $80M brand. The 8-Figure Product CEO is the ONLY podcast built for founder-CEOs scaling physical product businesses and preparing for a successful exit. Each episode features real stories and practical strategies from top entrepreneurs, operators, and investors. You'll learn how to lead a growing team, optimize margins, build enterprise value, and navigate the path to acquisition. This podcast delivers actionable insights and direct conversations that help you scale smarter, grow profitably, and make confident decisions as you build a company worth selling.