Wan Kim has this strange ability to raise the gooseflesh. He doesn't look like he could do it. He's all slight build with glasses and mild manners. And yet: Goosebumps. Every time you talk to him.
He's the owner and CEO of Smoothie King, which, again, doesn't suggest a hair-raising lifestyle. But the business of blending fruits and protein powders is also, in its own way, the business of life and how to lead it. For Kim, it goes way beyond some "healthy-first" influencer-speak, or even the actual nutrition his smoothies provide at more than 1,300 locations around the world. For him the business of life and how to lead it is about pursuing something almost transcendent, the oldest of human quests: Our need to evolve, to rise above our origins and refuse what society deems acceptable for our lives.
Wan Kim has, after a long trial, succeeded in this quest.
When he tells you how-well, goosebumps.
WE SHOULD PROBABLY start at the beginning. That's in South Korea, during the Korean War. Wan's grandfather died in the war when Wan's father, Hyojo, was only eight. It's hard to imagine the deprivations of that war: just death and scorched earth everywhere. Hyojo had to scrounge for food every day amid the dead bodies.
But it fueled him. As an adult, Hyojo built a company, Kyung In Electronics, that became a manufacturing behemoth, with Sony and Samsung as clients and profits north of $200 million a year-and ultimately, while Wan was growing up, an initial public offering on the South Korean stock market. Hyojo wanted to give his two sons the childhood he never had. In return for his first-class plane rides and postsecondary U.S. education, Wan knew Hyojo expected from him an undying fealty.
This story is from the October - November 2022 edition of Entrepreneur US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October - November 2022 edition of Entrepreneur US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The $20 Bill That Became Priceless
As I built my snack-food brand, Sun & Swell Foods, I kept hearing the same advice: Hustle for your customers. Never turn down business. Obsessively focus on ROI. So that's what I did-and although my company grew, it wasn't profitable. This began affecting me emotionally. I love my brand and care deeply about its success. Its challenges started to feel like my own.
THE BEST MARKETING DOLLARS I'VE EVER SPENT
Great marketing doesn't require huge budgets. We asked franchisees and franchisors to share their best marketing ROI-and their stories (on the following pages) will inspire you.
READ THIS BEFORE MEETING A FRANCHISOR
Thinking about buying a franchise? You should meet the franchisor-and you should know exactly how to approach that meeting-to ensure you're making the right decision.
THE BOLDEST NEW IDEAS IN FRANCHISING
These eight innovative businesses are now franchising-and maybe in a few years, they'll be climbing the Franchise 500 list too.
5 BRANDS GROWING IN LEAPS AND BOUNDS
Want to know how to rocket up in the Franchise 500 rankings? These brands all jumped over 150 spots since last year-and they're sharing the strategies behind their growth.
FRANCHISE 500 TOP 10
Meet the Leaders of the Franchise 500
TAX STRATEGIES TO MAKE A DIFFERENCE IN 2025
Your taxes won't go up this year. But you can still find new ways to decrease your burden.
HOW TO CLOSE THE SALE (EVEN WHEN THEY SAY NO)
I'm the world's leading door-to-door sales expert. I've heard “no” endlessly. Here's how I close sales anyway-and how you can too.
'The Sword We Refuse to Die On'
Some people tell Chip and Joanna Gaines to play it safe, and to keep doing what made them famous in the first place. But they're ready to take more risks-because that's the entrepreneurial way.
Are You Feeling the Squeeze?
Many companies are struggling with rising costs and tighter margins. We asked six business leaders to share their solutions.