Wine, Patience, and Credit Unions
Written by Anthony Demangone
I'm in Sonoma, California for NAFCU's CEOs and Senior Executive's Conference. Â I know, tough life.
The view from Gundlach Bundschu Winery.Â
Yesterday, I toured two wineries. Â Both were fantastic, as each guide shared a good deal about the business side of making wine. Â I'm no wine expert, so some of what I learned surprised me.
If you plant grape vines, you'll wait three years before the vine bears fruit. Â But the winery I visited won't use grapes from their vines for two or three years after that. (I guess younger vines don't produce the same quality of grapes.) Â
Think about that. This winery plants a vine and has to wait six years until that vine produces grapes worthy for its wine. Â Six years. Â Talk about the need for patience. Â And vision. Â Imagine working in that environment - what you do today will determine where you are in six years.Â
I shook my head. Â I was glad not to be in the wine business. Â
But then I thought again. Â Whether we like it or not, we're in the same boat.
We plant vines every day. Â We make decisions. Â Create policies. Â Set examples. Â Give guidance.Â
Where will be in six years? Â Will our wine be worth drinking?Â