43 min
Business Resiliency with Hermin Thind The Matt Balaker Podcast
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- Business
Hermin Thind moved from India to the Pacific Northwest as a child. He endured countless business setbacks and challenges. His entrepreneurial battle scars helped make him a successful business leader. Hear his story.
MORE ABOUT HERMIN THIND
In 2013, amidst the challenges, Hermin, alongside his brother-in-law Gurmeet, ventured into the vaping world by opening "Vapor World" inside a hotel room. This bold step, fueled by passion and free rent, allowed them to rapidly expand their footprint, eventually branching out across Kansas City and beyond. However, as their venture flourished, family dynamics started to strain under the pressure of success. In a strategic move to prioritize family harmony and mutual growth, Hermin and Gurmeet decided to amicably divide the business, with each taking ownership of half the stores. Hermin's share of the enterprise was rebranded as "Vapor Maven," marking the beginning of an exciting new chapter.
Critical to Vapor Maven's expansion was Hermin's creation of numerous brands within the hemp and vapor industry, including "Cannablast CBD," "Gametime Vapes," and dozens more, spanning hundreds of unique SKUs. Not only did these brands diversify Vapor Maven's product offerings and significantly boost the company's margins, but Hermin also strategically wholesaled these products to smoke and vape shops across the nation, ingeniously making money from his own competitors and fueling rapid expansion.
Under Hermin's leadership, Vapor Maven has seen explosive growth, with 50 new stores opening in Texas during 2020 and 2021 alone, and 57 more in 2023, alongside the inception of "Smoke Stop," a premium tobacco venture. As of today, Hermin's empire boasts 200 Vapor Maven stores and 3 Smoke Stop outlets, with ambitious plans for expansion on the horizon.
Tune in to hear Hermin Thind share his inspiring journey of turning challenges into opportunities, his insights into the vaping and hemp industries, his innovative approach to brand creation and wholesale strategies, and his vision for the future. It's a story of family, resilience, entrepreneurial spirit, and ingenious market tactics that you won't want to miss.
Hermin Thind moved from India to the Pacific Northwest as a child. He endured countless business setbacks and challenges. His entrepreneurial battle scars helped make him a successful business leader. Hear his story.
MORE ABOUT HERMIN THIND
In 2013, amidst the challenges, Hermin, alongside his brother-in-law Gurmeet, ventured into the vaping world by opening "Vapor World" inside a hotel room. This bold step, fueled by passion and free rent, allowed them to rapidly expand their footprint, eventually branching out across Kansas City and beyond. However, as their venture flourished, family dynamics started to strain under the pressure of success. In a strategic move to prioritize family harmony and mutual growth, Hermin and Gurmeet decided to amicably divide the business, with each taking ownership of half the stores. Hermin's share of the enterprise was rebranded as "Vapor Maven," marking the beginning of an exciting new chapter.
Critical to Vapor Maven's expansion was Hermin's creation of numerous brands within the hemp and vapor industry, including "Cannablast CBD," "Gametime Vapes," and dozens more, spanning hundreds of unique SKUs. Not only did these brands diversify Vapor Maven's product offerings and significantly boost the company's margins, but Hermin also strategically wholesaled these products to smoke and vape shops across the nation, ingeniously making money from his own competitors and fueling rapid expansion.
Under Hermin's leadership, Vapor Maven has seen explosive growth, with 50 new stores opening in Texas during 2020 and 2021 alone, and 57 more in 2023, alongside the inception of "Smoke Stop," a premium tobacco venture. As of today, Hermin's empire boasts 200 Vapor Maven stores and 3 Smoke Stop outlets, with ambitious plans for expansion on the horizon.
Tune in to hear Hermin Thind share his inspiring journey of turning challenges into opportunities, his insights into the vaping and hemp industries, his innovative approach to brand creation and wholesale strategies, and his vision for the future. It's a story of family, resilience, entrepreneurial spirit, and ingenious market tactics that you won't want to miss.
43 min