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Values | Michael Wu | TEDxHaymarket


[Applause]

he was a year in 1990 that Alex and Gina

first came to Australia they had the

little money they spoke very little

English they didn’t understand the

Australian culture and nor did I

understand how to deal with corporate

Australia but against all odds they

built from scratch a company not now

employs over 300 people rivals household

brands like Blackmore’s and Swiss to

become the largest vertically integrated

vitamin and supplement company in

Australia my name is Michael whoo that’s

me in the little red shirt there I used

to be cute a lot has changed them long

before I became managing director of

nature’s care I had the fortunate

experience to see the entire journey

firsthand today I want to share with

everyone the inspirational story of my

parents now why is this important

because four weeks ago my first son was

to my wife watching at home this is the

applauses for you so holding Erin in my

hands for the first time I instantly

felt my life changed forever I felt so

much love for him I felt the joy I felt

gratitude but the one thing I wasn’t

ready for what’s that I also felt fear I

felt feared for the responsibility of

how I was going to raise Erin into this

fast-changing world then I thought about

my parents and thought about my

childhood and the lessons they gave me

of all the things I learned from my

parents there was always for about four

recurring themes we hear a lot about the

new business the new way of doing

business the business models the forever

changing social economy now I think the

same thing is we can be said about

raising a child there’s new ways of

raising children there’s always new

techniques but today I want to share

with you for the old ways of doing

business the ways that my parents live

by the values in which they built the

business on the values which they taught

me and my brother these are the same

values i use today running the business

it’s a values i hope one day I can still

into Erin you all know these values

they’re very simple values you may live

by these values but it’s very

unfortunate that we don’t talk about

these values anymore the first value

that I was Ben I was taught while my

parents was always to be brave to defy

conventional wisdom and believing

yourself

27 years ago my parents did the bravest

thing they could have done in their life

they moved to Australia like a lot of

migrant families before them they did it

because of me and my brother I was six

they sacrificed so much they moved away

from everything that they were familiar

with they moved away from their families

their friends and they came to a country

where they would struggle to communicate

with now strella is known for a country

of opportunities but when they came here

the face a lot of criticism there were a

Australia is Australia’s difficult place

to start a business but what they did

they started a manufacturing company

which I believe is a lot more difficult

there’s a lot of that that the labor

force is expensive there’s excessive

regulations and the government provides

little support or incentives for the

manufacturing industry everything was

stacked against them but they defied

their critics that defied those people

who doubt them and beat the odds every

time they faced the challenge every time

they saw difficulty whether it be if

from the family or from a business

perspective could be from the competitor

or regulators they stood tall they stood

firm and they always believed in

themselves yes they’ve had setbacks I

think everyone does but the dare to defy

the conventional wisdom the dead to

continue to expand the man if

facturing capabilities the capacity

while manufacturing industry was dying

now this laid this was the foundation

they built to allow the business to grow

he was their bravery that their

willingness to challenge that helped

business grow now the second value that

my parents instilled in me from the very

early age was work ethic a lot of you

have probably never heard of nature’s

care until tonight let me tell you

nature’s carrot is an overnight it’s an

overnight success story that took 27

years in the making three months ago I

had to meet a client in Korea it was a

for one hour meeting it was a very last

minute call the different the unusual

thing about this trip was I had to

travel across three countries was in

transit for 50 hours so I can make this

meeting on time my friends were puzzled

about my decision to do this they asked

me why did I do this it seemed very

natural to me at a time because that’s

what my parents used to do for all of

their customers from a very young age I

would see my mother fly country from

country to country with a suitcase she’d

fill the suitcase of products and

brochures to go to exhibitions to

exhibitions meeting customers after

customers I would see my father drive

from cine to Brisbane with a couple

boxes or products in his car so that he

can deliver these products to the

customer more amazingly he would drive

from Sydney to Brisbane and back total

of sixteen hundred kilometres all within

now I don’t know about you but when I

have to fly to Brisbane and back in one

day I already find that tiring now I

can’t imagine myself being able to drive

them back within 24 hours but a lot of

people when I told this story to a lot

of people question will say you know

that seems like a waste of opportunity

cost but to my father that was an

opportunity gained not any was he able

to save the money on freight costs he

was able to deliver the products in

person to the customers to meet them

face-to-face so in my my situation I

could have simply dialed in make a phone

call to the customer set up a video

conference and it all been done but with

that when you put in those hard yards

especially I believe dealing with

customers overseas you DEP them know

immediately how important they are to

you now this brings me to the next value

to be compassionate and responsible as

our business has grown we’re often

chased by numbers we chase with growth

with cells with market share we also had

a you know as our business grew we also

had a growth in the number of employees

as I mentioned before we now employ over

300 people and a majority of these are

production workers technology has

advanced a long way in our industry with

a lot of automation we could have laid

off a lot of employees substitute them

with the automation and increase our

bottom line increase our capacity and

efficiency but what my parents showed me

was that you have to stand in the shoes

of the people who you employ

you have to see from their perspective

all they want is a stable income a

stable job so you know in our company we

always wait we wait till there’s a need

for us the increased capacity and when

that occurs we install these new

machinery the altimeter machineries it’s

a win-win situation our employees

maintain a stable job they have good job

security while for every time we put

these machines in we increase our

capacity are we can increase our

efficiency it’s always very important to

step in other people’s shoes walking

people walking others people’s shoes has

a profound impact in many aspects of

business I believe it cut it is

especially true when you’re dealing

business across different cultures in

recent year we’ve dealt with a lot of

companies in Asia the actual fact about

fifty percent of our products ends up in

Asia unfortunately Australia is a very

risk-averse country before we do

anything is always a contract that needs

to be signed in hand over but you know

it this is a way for us to protect

ourselves when we’re working with people

overseas but put yourself on the other

side of the table if you are the one who

assembling products for the person like

for me in Australia and I hand you a

document 50-page thick legal document to

say sorry you need to sign this for us

because I need to protect myself what

would you think I think immediately

you’d start protecting yourself as well

and this is where this is where

relationships breaks down instead of

thinking how do I protect myself in

business how do I protect myself in this

deal think about learning about their

culture and how business is done over

there

honestly speaking sometimes a handshake

or bottle of multi will work wonders

beyond your belief now the final value I

want to share with all of you and this

is the one value that my parents showed

me the most throughout their entire

lives is humility and knowledge

knowledge has always been a very

important part of my upbringing I

actually believe it was because of this

that we moved into Australia it was not

about the exam marks or the test it was

about allowing me and my brother to have

all rounded education to have the

ability to learn new things to play all

the different sports we have in

Australia to have different hobbies I

remember the 1994 bushfire our house was

four houses away from the fire so we

were asked to evacuate we took the

important documents but then I saw my

father come from the back and loaded the

boot with my violin and my setup

encyclopedia now for the younger

generation out there you may not know

what encyclopedia is it is not a click

of a button to Wikipedia it is books now

the volume I think one volume would be

about this big and weighs a ton I didn’t

think much about it then I reckon I

probably complain to dad saying why

didn’t you load my nintendo system why

did you bring these books out but now

when I think about it I realized how

much they valued knowledge over other

substance other other things so

throughout my upbringing I helped a lot

in the business so we’re a manufacturing

company manufacturing

products supplements skincare products I

worked in all sides of the company I

started in warehouse I worked in a

production area I learned how to operate

the machines I worked in sales and

marketing in operation and I think I’m

probably the only one in my industry the

only managing director in my industry to

hold a forklift license but the thing is

my parents show me the importance of

being humbled to show humility they

always kept my ego in check and asked me

to never stop learning honestly speaking

this day and age especially when you’re

working it is very hard to do but a

couple weeks ago my dad again

demonstrated to me this this value to me

in the most unexpected way mr. Jack Ma

had a event down in Melbourne the launch

of Alibaba and we were invited there

were a lot of Industry CEOs and

Chairman’s who along with my father now

when mr. ma talks I can imagine all the

CEOs and all the Chairman’s any one of

such high titles to be sitting there

looking at him nodding agreeing not my

dad

he took out his phone instead of filming

he SAT along with all these CEOs and all

the Chairman’s out there and started

filming not only that afterwards he took

the video home and started watching the

video over and over again he’d literally

studied it now you don’t have to you

don’t have to agree with everything you

hear they have to agree with anything I

say but without the humidity you would

not be able to absorb this knowledge you

will never be able to recognize these

pearls of wisdom even if it was right in

front of you so finally I want to say

this my parents not only taught me this

the very remarkable thing was there

never said it to me they never say you

have to be brave work ethic show

compassion and show humility they

demonstrated to me they led by example

through everything they do babe I day

year by year they haven’t changed a bit

this are the values that they live by

and as a business leader I hope I can

instill this simple traditional values

into everything I do and every decision

I make and hopefully like I can teach my

son through my example so that one day

he will follow these values now before I

they are a little education on culture

my culture we’re not allowed to take the

kids out of the house for 30 that for

the first month this was his first date

first outing you can see he’s wearing a

tie his first outing was we took him

straight to work now thank you [Applause]

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