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Buy Real Estate
1
HATTIE:
(In the Studio) Hi. I'm Hattie Bryant. We believe there should be at least a
half hour per week on television dedicated to tell the stories about people who
create wealth and work and make the world a better place.
HATTIE:
Today, we visit with a legend who encourages us to create our own legend. Meet
an old friend, Fess Parker. You may remember him as Davy Crockett and Daniel
Boone.

Last
year, over 60,000 people visited the Fess Parker Winery & Vineyard, located
32 miles north of Santa Barbara, on the Foxen Canyon wine trail.
Guest
#1: Do you like that one?
Guest
#2: Yeah.
HATTIE:
In 1987, Fess Parker and his son, Eli, purchased 714 acres. Eli enrolled in
viticultural classes, and this business was born. While Eli focused on the wine
making, his dad concentrated on building the winery and visitors center. Total
sales reached $5 million last year.
So he
really is 6'6". You can tell; I come up to his elbow.
You
probably remember Fess Parker when he looked like this when he was on
television in the '50s, he was Davy Crockett, King of the Wild Frontier. And
from 1964 to 1970 he played the role of Daniel Boone.
FESS
PARKER : Here we go. Here you are.
HATTIE:
Now Fess Parker tells us about new adventures.(Talking to Fess Parker) Well,
thank you so much. The only problem is I'm going to want to drink
it.
FESS:
That's OK, please, do.
HATTIE:
Thank you, thank you.
FESS:
I'm planting about 100 acres of this right away. And it's...HATTIE: (teasing)
... for your own personal ...

FESS:
(laughing) ... yeah, for my own personal consumption.
HATTIE:
When you left acting and when you decided, `OK, I don't want to do that
anymore,' why did you go into real estate? How did you get it started? Roll
back the clock and tell us about that.
FESS: I
think two factors. One, my father always--like most Texans, really put a high
premium on real estate. The landed people were the successful people. The
second factor was Walt Disney. I was under personal contract to him when he was
preparing to open Disneyland. So I met many of the people involved in that
massive project. And I understood then that they existed, and how they quietly
existed, where they fit into the equation. And when I decided to leave the film
business, the land seemed to be the natural place. And it also had an
opportunity for a person to be creative, which I felt good about.
HATTIE:
So did you save up some money to be able to buy your first piece of land? How'd
you get the first piece?
FESS:
Well, there's a man who's name is Al Schneider in Louisville, Kentucky
(Editor's note: the developer of the Galt Houses). And I met him along
the way. And I drove around Louisville with him one day -- he was a developer
-- and he pointed out an office building, and he said, `I own that, but I don't
have any money in it.'
And
then he said, `I built this, and I own that, but I don't have any money in it.'
I said, `Well, how do you do that'? And he said, `That's called leverage.' So
with that understanding, and using some of my "acting ability" -- smoke and
mirrors -- I persuaded some people to finance projects. And I still remember my
first significant project was a partnership with three other gentlemen. And we
went down to the bank and borrowed $1 million. And I thought, `It's
wonderful.'
HATTIE:
Wow. `They're going to give us $1 million.' In the real estate development
segment of your life, how much would you say was failure, and much was success?
And you could say, `Oh, that was a bad decision. I shouldn't have let it go.
But I did this, this, this and this.'
FESS:
The whole thing is that I came along at a time in California when almost
anything that was reasonably put together was likely to be a
success.
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Listen To The Market
2
HATTIE:
Right. Talk to me about timing.
FESS:
Oh, timing is everything.
HATTIE:
And you learned that in acting?
FESS:
Yes--oh, yes. I have survived through several recessions. I think the one
advantage that I had was as an actor for 22 years, I had periods when I had
nothing on my slate. I had an opportunity to look around and think about things
and to not get panicky when there was really nothing happening. It also gave me
the ability to kind of open up to an opportunity.
HATTIE:
Right.
FESS:
For example, I was one of those people in the '70s who took up tennis. I had
never had an opportunity to play, nor had the time. And so that led to my
wanting to build a tennis club, a clay court tennis club. I looked for a place
to put that clay court, couldn't find it where I had thought I might in Santa
Barbara. Went down to the waterfront and ended up with 32 1/2 acres of the
waterfront. But the city wanted not a tennis court, they wanted a hotel there
with facilities so that groups could come and so we developed a conference
center and resort. And that was not in my mind when I...
HATTIE:
Has your philosophy partly been to be open to opportunity?
FESS:
Absolutely. And to try to realize that, you know, you have to let everybody
find their place. One of the things that I think is really nice here, we have a
lot of nice young people. Some have great experience already. And what we're
trying to do is to let everyone compartmentalize and do what's best--what they
can contribute, and give them responsibility to do that.
HATTIE:
How long did it take you from when you said, `We're going to have a winery,' to
when you sold your first bottle? How many years?
FESS:
It was one year.
HATTIE:
Just one?
FESS:
Yes. '89. We didn't have a vineyard that was producing. So we bought fruit from
our neighbors, and we made 3,000 or 4,000 cases. And then we went out on the
road to sell those wines. And, of course, that was a major learning experience
because there we were with -- if I can say this -- sort of a household name,
with a product that didn't measure up to many people's expectations.We found
out that we were really -- I don't want to say this, but it felt like we were
-- over our heads because we began to realize the complexity of the wine
business. But you have to start somewhere, you have to learn. And what you do
is you pack your suitcase and you go to the place, to the restaurants who have
800 wineries offering them a tradition in many instances.So you just
start. |
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Market Your Entire EcoSystem
3

HATTIE:
Fess and Eli spend time traveling the country to stay in touch with
customers.
ELI
PARKER: We are a small producer and we make a relatively small amount of
product compared to some of our neighbors to the north. And I think, really,
what gives us the ability and what allows us to be successful in the
marketplace is that personal interaction with the distributor, the retailer or
restaurant account and, ultimately, the consumer. So I spend a considerable
amount of time out on the road, shaking hands and talking about Santa Barbara
County, which is a great, great place to grow the fruit and make the wine and
that's what it's all about.
HATTIE:
We want to know how do you make wine?
ELI:
Well, you know, quite candidly, it all starts in the vineyard. I'd be lying to
you if I told you that the wine maker really has 100 percent of the
responsibility. What's grown in the vineyard, the quality of the fruit that's
produced, is really key and first and foremost. From a wine making standpoint,
there are a number of different decisions, stylistic considerations, evaluating
the market and where the trends are going. And it takes a little bit of time to
figure all that out. How do you become a winemaker? I think trial and error,
and a lot of hands-on experience. And, it's not so bad -- you get to drink a
lot of great wine and have fun.
HATTIE:
In 1996, the Syrah was named by The Boston Globe one of the best five Syrahs in
the world. Fess Parker world class wine comes from California 's Foxen Canyon
Trail, near Santa Barbara. It is 300 miles south of California's more
established Napa and Sanoma vineyards. |
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Play Hard To Get
4
FESS: I
have been in business now -- other than the acting side -- for close to 40
years. And I'm local. And we have tried to do the quality that we've talked
about. Now what I'm finding is that there is an acceptance of the expectation
of quality but there is also a grocery store viability of Fess Parker as a
name.
HATTIE:
You didn't want that.
FESS: I
didn't want that, but we found out along the way that that's the way the big
distributor was disposing of our product. They could sell it to the grocery
store. Once we sold it to them, we lost total control. So they could take a
truckload right from the warehouse and go right to large grocery chains and put
it out there, and we couldn't do nothing about it. Eventually we figured out
that we needed to be with a distributor who concentrated on on premise, or
restaurants and shops.
HATTIE:
With the fine shops.
FESS:
The fine shops.
HATTIE:
Now you just hit on something here. If you priced your wine the way you want to
price it, and that distributor sells it at a warehouse discount, as long as
you're getting your margin, why do you care?FESS: This is a long-term business.
I think in some businesses you could say, `This is our first year, our second
year, our third year.' But I think this is a business of decades and we're
about to complete our first decade. And, we're thinking not now, but 10 years,
20 years, 30 years down the line because this Parker family will soon have
eleven grandchildren. And we hope that some of them will find this a
fascinating enterprise and will keep it going. What we really want it to be is
in fine dining circumstances.
HATTIE:
How long did it take you to get to that conclusion, that where we belong is the
fine restaurant? I think that's a--that is such a niche. Don't you think that's
a real, thin, finely carved niche, the restaurant business?
FESS:
Well, it is. But if you can present your wine and it becomes a staple on their
wine list, then while it's not a huge sale--but it is a sale that
builds.
HATTIE:
Continuous.
FESS:
But if you find the wine and you like it at this restaurant, the customer goes
to another restaurant and it's not there. `Do you have Fess Parker wine?'
`Well, no, but we can get it.' So we - it is exponential.
HATTIE:
OK, so you feel you have greater growth opportunity and continuity
opportunity?
FESS:
Exactly.
HATTIE:
That's what you're after. You're after the continuity. |
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Tell Your Story
THE LIGHTBULB 
5
FESS:
You have to be able to go out into the marketplace or create an organization
that can go out in the marketplace and tell your story successfully. That was
kind of interesting to me, having been an actor. You know you cannot do a film
without a story.That's everything.
HATTIE:
A script.
FESS: I
never really would have believed when I started this that to sell a bottle of
wine you had to have a story.
HATTIE:
So tell me your story. Tell me what you would say to the five-star restaurant
chef.
FESS:
Well, our story was that we were in an emerging region that could produce
world-class wines. And that quality was our goal. And then as we struggled
along, we got to a point in about the fourth or fifth year where the
stewardship, or the mentor relationship with my son culminated in a 1992 Syrah,
which we brought out in '94. And it became a wine that was not uncomfortable in
world-class competition.
HATTIE:
So what's the secret to a good story?
FESS: I
think that people -- the way you present yourself and your product. I think
there's a certain part of your talking with someone that has to come from your
conviction, that you're right. You're saying something that is true, and that
you're trying to share this with them and open their experience.
HATTIE:
Here's what I learned from Fess Parker. Just as with a great film or a great
television series, you need a great story. To build a great business, you need
a great story. You write the script. It must paint the picture so people can
see how you do what you do. And it should be so compelling that people can't
resist buying from you. And here's a tip: shorter is better than
longer. |
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Jump On New Technology
6
HATTIE:
Sales come through wholesaling to distributors, and retail sales come from the
winery visitors center, the wine club and the catalog.
CHARLIE
KEARS: We have several retail divisions. We're standing in one right now, which
is our retail center. This is our guest center and retail shop. We taste wine
here and we have many wine-related products. HATTIE: What would you like people
to know about this place.

CHARLIE: The Fess Parker family commitment to
quality. I think a lot of businesses will profess quality and customer service
and customer care. And here, it's not a matter of, `We talk about it.' Here,
it's expected.
HATTIE:
Why did you jump on the web so early -- you've had a Web site a long time?
You've been selling wine on the Web a long time. Why did you do that so
fast?
CHARLIE: I found it to be probably the most
exciting, cost-effective, greatest thing there ever was for marketing. We could
tell the story of the family, the winery, what we did, how we did it and how
proud we were to do it all in just a few minutes. And it didn't cost us
anything to do that.
HATTIE:
What can you teach people that are watching this who haven't done a Web page
yet?
CHARLIE: Telling the story correctly, and always
emphasizing the quality and not trying to elongate the tale, make it too
long.
HATTIE:
OK. Fewer words, then.
CHARLIE: Fewer words, more graphics. We have Fess
Parker, which means we have Davy Crockett and we have Daniel Boone. But even
more so, we have a wonderfully beautiful property to work with and a great
product. And we had all this beautiful graphic material that we could put on
the page to attract attention to it.
HATTIE:
How often do you update it?
CHARLIE: Almost daily.
HATTIE:
You didn't have to hire anybody?
CHARLIE: No, we didn't.
HATTIE:
And you just did it yourself?
CHARLIE: I did, yes. I did it all myself. I used
Home Page Creator. It was a matter of reading the tutorial, having a little bit
of help from a friend and doing it myself. |
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Coddle Customers
7

HATTIE:
(Voiceover) Cindy Simpson says the visitors center and its grounds are
available for special events, with the food being catered by the Fess Parker
Inn. And, of course, the wine is easy to find.
Cindy,
tell me about the wine club, how it got started, how you built your list and
what you offer?
CINDY
SIMPSON: Basically, the wine club started with guests coming into the tasting
room. And we would ask them if they wanted to join the wine club. They would
receive two bottles of wine each quarter. Along with the wine, they would also
receive our newsletter, which gives them a list of upcoming special events at
the winery. And the wines that they would receive in their shipments are all
prerelease wines, so the rest of the general public wouldn't have a chance to
get their hands on it before the wine club members.
HATTIE:
So one of the secrets to getting "a club going" is making sure that you offer
something really unique?
CINDY:
I think so.
HATTIE:
`If you're in the club, you get this.'
CINDY:
You're in the club.
HATTIE:
OK. Yeah, yeah. The club. Cindy explains that four-color photography gets a
much better response than do drawings.
CINDY:
I mean, ask yourself if you would respond to this. It's very hard to sell a
product that somebody can't see.Like the Coonskin Toppers or...
HATTIE:
OK. When you say Coonskin Topper--this is a whole new thing for me, 'cause I
didn't know there was such a thing until I came here today.
CINDY:
Only at Fess Parker Winery, by the way.
HATTIE:
Let's hope so. You guys could sue anybody else. And so this is the Coonskin
Topper in sketch. And you're saying you hardly sold any of those until you put
it in...
CINDY:
You couldn't -- it looks like a wig. I mean, you couldn't really tell what it
was. And it sort of is, but it's a wig for a bottle. |
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Entice Investors With An Attractive
Idea
8
HATTIE: I want you to talk to me about great
people that you've been close to and what you learned from them.
FESS:
Walt Disney would certainly be at the top of my list as a human being and as a
creator. And he was interesting. Looking back on this event of 40 years ago,
when I was under a personal contract to him, his dedication to the quality of
whatever he was trying to do I think sort of became something that I have
appropriated for myself and hopefully for the family. And that was that he
always wanted to do it as well as he could. And he was open. I remember when we
were filming the "Davy Crockett" episodes. They were not terribly important to
him because they were fulfilling a financial obligation to a business partner.
ABC was the third network, and they were not doing well. And they came to Walt
Disney, who needed money to open Disneyland; said, `If you will do a television
program for us, we'll loan you the money and become a partner and you can take
us out later.'
HATTIE:
And he needed the money, didn't he?
FESS:
He needed the money.
HATTIE:
Because he was always spending more than he had.
FESS:
Absolutely.
HATTIE:
You don't do that, though?
FESS:
Absolutely, I do.
HATTIE:
You do? OK.
FESS: I
figure if you're going to be, you know, an entrepreneur, you can't worry about
the money. I mean, this man was thinking openly. So that was a great lesson for
me. And he was that way in person. As an employee, I could go up and ask his
secretary if I could speak to him. Usually, I went in and if he had people
there, he'd say, `Have a seat and I'll talk with you in a little bit.' And so
I'd sit and listen to business that I didn't understand, but...
HATTIE:
It was rubbing off.
FESS:
Yeah. I really believe the way life is is that we're only guaranteed today, and
yesterday we can't do anything about. And I feel like that the 40 years that
I've been trying to do business has been a learning experience. I'm anxious to
apply it somewhere else. I'm anxious to see another project change from less
than successful to successful. It's fun.
HATTIE:
But work is a good thing to you?
FESS:
Absolutely. It was not my goal to work. You know, driving up here from Santa
Barbara to the winery this morning, I guess I was in my thoughts and my wife
said, `Well, why don't you lighten up'? I said, `Well, I'm doing what I like to
do. I'm thinking about things that I want to do.'I'm not working. I'm just
having a good time.
HATTIE:
Do you think that's what keeps you younger, happier, more fulfilled, having
something to go do?
FESS: Yes, absolutely. And, you know, it's the
quality of the people. You know, I work with a lot of young people. Now I find
that fun, you know. And I can see kind of where they are at their time of life
and can go back and kind of relate a little bit to that. But at the same time,
I think most of the time, I forget that I may be two or three times older than
they are because we're both working on a project together.
HATTIE:
So you feel as young as they are?
FESS: I
do.
HATTIE:
Don't forget Fess Parker's advice: Every great business has a great story. Find
your story and tell it. We'll be back next week.
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The Closing of this Show
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