Gary Kusin - Founder of GameStop | When You Lose Everything

Success Story with Scott D. Clary

Success Story Media

Business, Education, How To, Self-improvement

4.6 • 326 Ratings

🗓️ 26 August 2024

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory ➡️ Join 321,000 people who read my free weekly newsletter: https://newsletter.scottdclary.com ➡️ About The GuestGary Kusin is a pioneering American entrepreneur and business executive, best known as the co-founder of GameStop, a Fortune 500 company that revolutionized the video game retail industry. His journey began in cosmetics, founding Babbage's in 1984, which evolved into GameStop under his visionary leadership. Kusin's strategic acumen transformed GameStop from a single store into a global powerhouse with over 7,000 locations across 14 countries, reshaping how consumers access and experience video games.Beyond GameStop, Kusin's impact on the business world is far-reaching. As CEO of Kinko's from 2001 to 2004, he orchestrated a remarkable turnaround, culminating in its $2.4 billion acquisition by FedEx. His expertise has been sought by technology giants, serving on the boards of Cirrus Logic and Sabre Holdings. Kusin's contributions to business have earned him prestigious recognitions, including the Ernst & Young Entrepreneur of the Year award and induction into the Dallas Business Hall of Fame. ➡️ Show Linkshttps://www.linkedin.com/in/garykusin-author/ https://www.garykusin.com/ ➡️ Podcast SponsorsHubspot - https://hubspot.com/ The Product Boss Podcast - https://www.theproductboss.com/podcastNetSuite — https://netsuite.com/scottclary/Indeed - https://indeed.com/claryDemostack - https://www.demostack.comMiro - https://miro.com/successpodPolicygenius - https://www.policygenius.com ➡️ Talking Points00:00 - Intro02:02 - Gary’s Biggest Career Lesson08:11 - The Role of Risk in Gary’s Journey09:57 - Life After Selling a Company11:42 - The Original Name of GameStop15:17 - The Spark Behind GameStop22:27 - Types of Entrepreneurs22:46 - Building a Loyal Fanbase29:34 - GameStop vs. Laura Mercier36:39 - Life Post-Laura Mercier40:56 - Sponsor: The Product Boss Podcast31:37 - Selling to Private Equity43:43 - Business Book or Memoir?47:38 - Lessons from Gary’s Journey54:14 - Ensuring Deal Success1:00:09 - Insights from Gary’s Book1:03:27 - Emotional Intelligence & Growth1:09:26 - Finding the Right Mentor1:11:43 - Advice to a Younger Self1:13:43 - Balancing Work and Life

Transcript

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0:00.0	I know how to make money and I can prove that over a long really good career. I really press on hard analysis.
0:07.2	Hard analysis doesn't mean you're going to get it right, but it sure beats having a dream.
0:11.5	So you need a few things you need a real product that appeals to
0:15.6	an age group that's young enough that it overwhelms them and you need to have scarcity
0:21.5	because that's the real way that you build a relationship with
0:25.1	your customers having what they want when they wanted it at a price they
0:29.2	think is fair. 13 people of our turnaround team went on to become CEOs.
0:34.0	That's a world-class team.
0:36.0	The self-awareness slash narcissism,
0:39.0	that's the other part of it because God forbid you become successful. Sometimes look out the window,
0:45.2	sometimes you need to look in a mirror. Welcome to Success Story. I'm your
0:51.3	host Scott Clary. The success story podcast is part of the
0:54.7	HubSpot Podcast network. Now HubSpot is the resource that you need to tap
0:59.8	into if you are an entrepreneur. It's no secret that starting a business is hard. Even if you have an amazing idea,
1:06.8	bringing it to life can feel overwhelming. With HubSpot's new entrepreneurship kit, you can go from
1:11.2	idea to IPO with the help of a company that knows a thing or two about growing better.
1:16.0	This all-inclusive kit gives you step-by-step guidance and frameworks to help you crush every stage of starting a business with tools tailored to help all steps of the entrepreneurial journey is packed with templates for project management, emails, skill development templates.
1:31.0	There's also a solopreneer guide. It's got freelancing pricing worksheets and lots more that you can use to get up and running immediately and best of all it's free with expert guidance and frameworks from HubSpot starting a business doesn't have to be hard
1:45.8	So don't wait to start yours go to HubSpot.com slash E NT to download the guide right now.
1:53.2	Gary, thank you for coming.
1:56.2	Gary, thank you for coming on. I appreciate you. Appreciate your time.
2:07.0	You have had some incredible success. We're going to talk about Laura Mercy, we're going to talk about
	...

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