A Quote by Hamdi Ulukaya
Growing up in eastern Turkey, I was not really involved with the family business - sheep and cow farming, yogurt and cheese making. But I think I learned from my father the unspoken business language or instincts that go back thousands of years.
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I brought in a yogurt master from Turkey. I went to Greece. I was always going back and forth, from New York to Turkey and Greece. The recipe we use has been around hundreds and hundreds of years. Growing up in Turkey, not a day would go by that we wouldn't eat yogurt like this.
I'd watch my father get up at 5 o'clock and go down to the Eastern Market in Detroit to do the shopping for his restaurant, and get that business going and then go out on his vending machine business.
I learned a lot of lessons growing up on my family's farm on the Eastern Shore: the dignity of hard work, the importance of planning ahead, and the joy you get from serving others. Not to mention how to collect eggs, shear a sheep, and bail hay by hand.
My dad had a flock of sheep, which he used to milk, and then my mum used to make cheese and yogurt out of the sheep's milk and sell it. It was kind of an unusual upbringing, really.
My father is actually a quarry man - he deals in stone. He also at one point had a lot of sheep, he owned a sheep farm, but primarily the family business was in stone.
I live in a joint family with 17 members under one roof. My father is an MA, but he didn't get a job, because all his certificates got destroyed when our house caught fire. So my father took up farming - fish farming and vegetable farming.
I saw that we needed to grow but our top line wasn't growing, so we had to find other ways to grow the business. We had to reshape our business and acquire share in a non conventional way. But most tech leaders don't come out of a business background. They really have a parochial point of view. All they know are the go-go years of Silicon Valley. That's the environment in which they were raised.
I am pretty involved with everything that goes on, and overtime have learned a lot about the business side of things. I have an amazing manager, who understands the business really well, so he is a great teacher.
Mom cooked a lot of turkey when I was growing up. Turkey meatloaf, turkey burgers, ground turkey shepherd's pie - my childhood was the Bubba Gump of turkey. You'd think I would be sick of it, but when I find gems like Gwyneth Paltrow's turkey meatball recipe, it's as though the fowl is no longer foul to me.
We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our investment banking business. And I think it really goes back to my uncle and dad growing up in the Depression and just seeing what happened to people who were overly levered.
In a family business, you grow up with close contact to the business, whatever it is, and the beer business is certainly a very social type of business.
Growing up in Nashville, especially in a music business family, means growing up with knowledge that seems like common sense until later in life when you realize people spend thousands of dollars a semester trying to learn or pretending to learn while looking for some intern job on music row.
I'm a firm believer that to really understand a business takes years, not months. As an investment analyst you think you understand a business from the outside, but the reality is that, once you are inside, you can go on learning for five or ten years.
I didn't go to business school. I actually didn't even graduate high school. I ended up with a GED. So everything that I've learned in business, I've learned through experience.
It's far more difficult being a small-business owner starting a business than it is for me with thousands of people working for us and 400 companies. Building a business from scratch is 24 hours, 7 days a week, divorces, it's difficult to hold your family life together, it's bloody hard work and only one word really matters - and that's surviving.
In London, there must be thousands of people in the business of making films, whereas in Nottingham or Sheffield, you're probably talking about below a hundred. So there aren't thousands of people scrapping for the same money and for the same jobs. I went out in Nottingham the other night and there's a really beautiful community of people who are really supportive. It's not this back-stabbing thing, high-rent, high-cost, high-tension. Up here we are independent filmmakers and there's a lovely sense of camaraderie.
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