He Started One of the Original Froyo Brands 14 Years Ago. He's Still Serving Up Fresh Concepts.Phillip Chang made Yogurtland a smash success, and now he's funneling his knowledge into other brands.

ByMadeline Garfinkle

This story appears in theMarch 2023issue of雷竞技手机版.Subscribe »

Courtesy of Yogurtland

How can a brand expand?

Phillip Chang has wrestled with this question many times — like in 2004, when his bubble tea franchise, Boba Loca, hit a wall. "I couldn't solve the problem by just adding another drink," he says. "I wanted something more, something bigger." So he createdYogurtland, a self-serve frozen yogurt brand that sparked an international craze (and many copycats).

Seventeen years later, Yogurtland is still going strong — no small feat in the ever-changing food world. And Chang is ready to expand again. Over the past two years, he's introduced two new concepts within the Yogurtland brand:Holsom by Yogurtland— a fast-casual, healthy meal joint — andEgg N Bird, which specializes in a Korean chicken sandwich (and doesn't use the Yogurtland branding). Here, Chang discusses the art of innovation, diversification, and gaining a competitive edge.

Related:How to Tackle the 5 Challenges Every Expanding Business Faces

You approach expansion very carefully. Tell me about that.

I do not like expansion for no reason. My philosophy is:Why am I doing this business and what's the end goal?That has to be very formed. Without that, everybody is just chasing money. If you don't have your own philosophy or a good foundation of who you are, it's nothing. Identity is so critical. You have to start from there.

So where did the Holsom and Egg N Bird concepts come from?

Before we expanded, I wanted to build strong roots with Yogurtland. Doing that gave us lots of great ideas. I thought,How can we make it better?

We started with quality. That's how I came up with Holsom. It's very light and nutritional food. But with Holsom, there is still a connection to yogurt. I wanted to go beyond that — explore a real meal. So for Egg N Bird we did lots of research to ask,What is the demand out there?

The beef market is huge, but I thought people maybe missed the chicken opportunity, and chicken is a healthier option. I'm Korean, and there are lots of chicken restaurants in Korea. I knew how they served the chicken, and so with our amazing team, we put together the demand for our market and came up with this amazing chicken sandwich.

Related:15 Strategies for Quickly Expanding Your Business

How do you think innovation and continual diversification have contributed to the success of your brands?

在餐饮业,we think of trends in terms of cycles. There's challenging times, but one thing that never changes is that a top brand can win in any kind of cycle.

With Yogurtland, frozen yogurt consumption is constantly going up and down, but we have such great quality that we continue to thrive. We are taking over a big portion of the ice cream market.

The same thing is true with Holsom and Egg N Bird. When we have top quality and provide worth to our customers, we can dominate the market.

What advice do you have for business owners going through a not-so-great sales cycle? How do you stay motivated in times when it's not the best?

All entrepreneurs should have their own philosophy and beliefs — an identity, and a clear idea of who you are.What do you want to achieve out of this?

Always try to look at the whole picture. When a leader is so into little operations, they miss big trends. You have to understand if a market is turning from a typical beef hamburger to a chicken sandwich — there are lots of signs. If they read them ahead of time, then they can plan. Take a step back. And always make time for meditation — about your life, your family, your goals, the people around you, and what you're trying to achieve.

Related:How Franchisees and Franchisors Can Master Their Relationship

Madeline Garfinkle

Entrepreneur Staff

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University.

Editor's Pick

Related Topics

商业新闻

The Company That Took Remote Work By Storm Is Telling Employees to Return to the Office

Zoom announced that workers living within 50 miles of a company office must go in at least two days a week.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指雷竞技手机版望太多a company exit for their eventual 'win.' Do this instead.

Health & Wellness

A Drab Office Environment Kills Productivity. Here Are 3 Ways to Upgrade Your Workspace.

Work environment can have a significant impact on performance.

Taxes

Tackle Taxes With This Prep and Deduction Bundle With Courses Just $2 Each

Get help with self-employed taxes with this informative bundle, now $29.99.

Leadership

Why Embracing a Positive Psychology Will Ignite Success in Your Business

Discover the keys to cultivating a positive mindset, building a flourishing work culture, embracing authentic leadership and navigating change with confidence as you embark on a journey to redefine success and inspire greatness in the world of entrepreneurship.

商业新闻

A Twitter User Turned Down Offers to Sell His Popular Account. Elon Musk's X Just 'Ripped It Away' — Here's How He's Striking Back.

Jeremy Vaught, director of engineering at the nonprofit Life Happens, created his @music handle more than a decade ago.