The Empire Builders Podcast

De: Stephen Semple and David Young
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  • Resumen

  • Reverse engineering the success of established business empires.
    The Empire Builders Podcast
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Economía Gestión Gestión y Liderazgo Liderazgo Marketing Marketing y Ventas
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Episodios
  • #201: Cabela’s – From Furniture to Fishing Flies

    #201: Cabela’s – From Furniture to Fishing Flies
    Apr 16 2025
    1000 fishing flies and an ad that failed turned a furniture store family into a sporting goods store empire. Way to go Cabela's. Dave Young: Welcome to the Empire Builders Podcast, teaching business owners the not-so-secret techniques that took famous businesses from mom and pop to major brands. Stephen Semple is a marketing consultant, story collector, and storyteller. I'm Stephen's sidekick and business partner, Dave Young. Before we get into today's episode, a word from our sponsor, which is, well, it's us, but we're highlighting ads we've written and produced for our clients. So, here's one of those. [No Bull RV Ad] Stephen Semple: Hey, David, we're going to do something different here. Dave Young: Okay. I'm all ears. Stephen Semple: Because you have a special history with this company. So we're going to talk about Cabela's. Dave Young: Okay. Okay. Stephen Semple: Because of the fact that Cabela's started in your little town in Nebraska. Dave Young: Kind of. Kind of. Stephen Semple: Kind of. Dave Young: Yeah. Stephen Semple: So we're going to do this completely unrehearsed, Dave running with things, and I'll fill in certain- Dave Young: You're going to Google dates and names in the background? Stephen Semple: Yeah, that's what we're going to do. So let's give that a roll. Cabela's is an interesting story. Dave Young: It really is, and it still is a brand, right? It's still around, but it's owned by the Bass Pro Shop guy, Johnny, whatever his name is. I didn't get to know him because that's a Missouri thing. So Sidney, Nebraska- Stephen Semple: We don't like talking about those people. Dave Young: Well, he came in and bought it up and saved the company. That's part of the story. But Sidney, Nebraska was the home of Cabela's, the family and the corporate headquarters for years and years. It started, though, in a town about 30 miles away, a town of Chappell, Nebraska. Stephen Semple: Right. Yes. Dave Young: 1962. Stephen Semple: Well actually, you're really good. According to what I have here is December, 1961, but 1962 is a month later. Dave Young: Yeah. '62 is what was always on their logo. Stephen Semple: Okay, cool. Cool. Dave Young: And the shirts you could buy, like Cabela's EST 1962, but yeah, December '61. So Chappell, Nebraska, their dad is in the furniture business, and- Stephen Semple: I didn't realize he was in the furniture business. Okay, cool. Dave Young: Yeah, and the story. As I recall, is that two of the sons, Dick and Jim, well, at least it was Dick that went to the furniture show with dad in Chicago, where you see all the furniture that you're going to buy for your store and you make deals with the manufacturers and all that stuff arrives then over the course of the next year. Well, he found a company that he bought like a thousand Chinese-made fishing flies. Stephen Semple: Yeah. Dave Young: Little flies for fly fishing. Stephen Semple: Right. And what I have here is it cost him like 45 bucks. Dave Young: Oh, yeah. Yeah. Dirt cheap. Didn't know what he was going to do with them, but he bought a thousand of them and brought them home. Takes out a little ad in a Wyoming hunters' newspaper or newsletter. All right? And he- Stephen Semple: Sports Afield is the name of the- Dave Young: Sports Afield, and the ad, if... So yeah, gosh, now I feel like I'm doing this story and Stephen's fact checking me, live. So this is, I think, from an ad writing perspective and a business making an offer, this is actually the pivotal moment in the genesis of the Cabela's story is that they ran this ad in Sports Afield and nothing happened. Stephen Semple: Right. I think they got one response or something like that? Dave Young: Yeah, but it was the offer. The offer was buy, I think it was 12 hand-tied fishing flies for a dollar,
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    24 m
  • #200: Happy Meal – 35 Billion Served

    #200: Happy Meal – 35 Billion Served
    Apr 9 2025
    Because of the Happy Meal McDonalds is the world's largest toy distributor. Larger than Hasbro or Mattel. This is an Empire! Dave Young: Welcome to The Empire Builders Podcast, teaching business owners the not-so-secret techniques that took famous businesses from mom and pop to major brands. Stephen Semple is a marketing consultant, story collector, and storyteller. I'm Stephen's sidekick and business partner, Dave Young. Before we get into today's episode, a word from our sponsor, which is... Well, it's us, but we're highlighting ads we've written and produced for our clients. So here's one of those. [Out Of This World Plumbing Ad] Dave Young: Welcome back to The Empire Builders Podcast. Dave Young here, along with Stephen Semple, and I was ranting and raving about a new book I'm fascinated with and crazed about. And Stephen hit the record button and decided we were going to talk about Happy Meals instead of that. So here we are. Happy Meals, huh? Stephen Semple: Happy Meals, yeah. Dave Young: The McDonald Happy Meal. The precursor to the Playland. I've always enjoyed going through the McDonald's drive-through and ordering a happy meal, whether I had a kid in the car or not. Stephen Semple: I could see you doing that. Dave Young: And then sometimes they look and go, "Well, where's the kid?" I'm like, "Hey, mind your own business about the kid." Stephen Semple: They're in the trunk. Dave Young: There's a kid somewhere. Give me my damn toy. Stephen Semple: I was going to ask, what's your favorite part? Is it the toy? Dave Young: Absolutely. You can get a nugget, a few of them. Stephen Semple: Well, here's the crazy thing is it is the most sold meal in history. There's been like 35 billion happy meals sold. Dave Young: Is it, really? That's a lot of happy. Stephen Semple: Yeah. Yeah. Yeah. Dave Young: Sure. Stephen Semple: And it actually makes McDonald's one of the largest toy distributors in the world. They've given away billions of toys. Dave Young: Oh, sure they did. Stephen Semple: More toys than Hasbro or Mattel. Dave Young: And just controversy like when they were giving away Beanie Baby toys. Good Lord, people were losing their minds. Stephen Semple: Yeah. Yeah. Dave Young: I'm trying to think of who this is. It might be our mutual friend, Gordon. Somebody in our circle tells a story about their dad driving the family through McDonald's when they were kids and everybody getting really excited because like, "I'm going to get a Happy Meal." And their dad orders one cup of coffee and just keeps going. I'm like, "Oh, man, that would suck." Stephen Semple: That would be a very unhappy car. Dave Young: So when did the Happy Meal start? Stephen Semple: There's a bit of a debate about who actually created the Happy Meal. So we're going to explore a couple of the different stories, but it was basically 1974. Dave Young: Okay. Yeah. Stephen Semple: One of the stories is it was created in Guatemala by Dona Yoly and her husband who opened the first franchise in that country. Dave Young: Wow. Stephen Semple: And Dona wanted her restaurant to feel like a family restaurant. Look, she understood things had to be done the McDonald's way- Dave Young: Sure. Stephen Semple: ... to the corporate standards because McDonald's even has a Hamburger University- Dave Young: Oh, yeah. Yeah. Stephen Semple: ... which was a brainchild of Fred Turner, and it's a training program for franchisees. We could even do a thing on Hamburger University because it was the first of its type. It was the first training program of its type for franchisees. So there's always this thing that McDonald's is trying to set where there's this goal of a consistent experience, but they also want to give franchisees some freedom because what they have found is that franchisees oft...
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    20 m
  • #199: Supergoop – A Cancer Scare Jumpstarts An Empire

    #199: Supergoop – A Cancer Scare Jumpstarts An Empire
    Apr 2 2025
    When a family friend is diagnosed with skin cancer, Holly Thaggard polls a bunch a skin care chemists and comes up with the Unseen Sunscreen. Dave Young: Welcome to The Empire Builders Podcast, teaching business owners the not-so-secret techniques that took famous businesses from mom and pop to major brands. Stephen Semple is a marketing consultant, story collector, and storyteller. I'm Stephen's sidekick in business partner Dave Young. Before we get into today's episode, a word from our sponsor, which is, well, it's us, but we're highlighting ads we've written and produced for our clients, so here's one of those. [No Bull RV Ad] Dave Young: Welcome back to The Empire Builders Podcast. Dave Young here with Stephen Semple, and we're talking about empires. And so Stephen said we're going to revisit one. And I think really, Stephen, what you're doing is just testing my ability to remember shit. Supergoop is what you told me, that it rings a bell, but help me out here. Stephen Semple: This is a rerecording because we did one recording, which didn't work out so well, and here I am in a hotel and you immediately informed me, "Boy, the microphone doesn't sound so good, so we might be recording it again in the future." Dave Young: It'll be Supergoop part three. Oh, dear. On the plus side, the listener doesn't remember this episode because it was never released. Stephen Semple: No, that's true. Dave Young: Okay, good. Stephen Semple: That's true because we had some real recording issues that we could not recover from. Dave Young: All right, we get another mulligan on Supergoop. Stephen Semple: Supergoop, for those who don't know, is a sunscreen and- Dave Young: Oh, that makes sense. Stephen Semple: ... basically- Dave Young: Now it sort of rings a bell. I think probably. Stephen Semple: It sort of rings a bell, does it? And in 2022, Supergoop did $250 million in sales, so that's- Dave Young: That's a lot of goop. Stephen Semple: That's a lot of goop. It was started in 2007 by Holly Thaggard who's from Baton Rouge, Louisiana. And she has no background in cosmetics or sunscreens or any of those things, so again, another one of these empires that came from somebody completely from outside the industry. Dave Young: She wasn't a Nickelodeon child star or anything like that? Stephen Semple: No, she was none of those things. Dave Young: I'm looking for something goop related. Stephen Semple: Well, that'll come. That'll come. Dave Young: Okay. Stephen Semple: She started in 2007, and the inspiration started in 2005 when she had a close family friend who was diagnosed with skin cancer. And what she found out was that basically 70% of people don't wear sunscreen regularly, and you really need to be wearing it, it's not just about the beach, you really need to be wearing it all the time. And this whole issue with this skin cancer diagnosis sent her down this path of doing a lot of research. She had an entrepreneurial bent. Both of her parents were entrepreneurs, and she started a business when she was in high school. Dave Young: Oh, wow. Stephen Semple: She played the harp. Dave Young: That was a bigger reminder to me than the goop. Stephen Semple: She started Holly the Harp in high school, and she would go on weekends to country clubs and things along this lines, and she charged $100 an hour because there was no competition. Here she's this kid in high school charging a hundred bucks an hour going around playing the harp. Dave Young: Cool. Stephen Semple: Now, at one point she went into teaching and there was a bunch of things that fell apart on that. And there's a certain point where her brother moves to the Dallas area and she's helping her brother move. And she looks around and she's like, wow, this is a pretty swanky neighborhood and there's all these country clubs around,...
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    25 m
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