Felipe Mattei aims to teach Michelin-starred chefs and the public about pairing different oils with foods.
Without a single penny to invest, I started a business at the age of 23 and managed my cashflow through the capital of my own suppliers.
I run a business that aims to distribute and retail premium olive oil, and also teach Michelin-starred chefs and the public about pairing different oils with foods – as is the case for wine.
Being fresh out of university, I simply did not have the capital to buffer my cashflow and cover all the business startup costs. But money comes in many forms, and I found that my own suppliers are my best source of finance.
I travelled to Italy and Spain and met directly with the olive oil producers. Thanks to a good dose of enthusiasm and a sound plan, I showed that my business would provide long-term benefits and they agreed to support me with an initial stock completely free-of-charge.
I also seek both distributorship and agency agreements with suppliers (most people do not realise these are independent), which enables me to buy and resell the products at times, and bring the products in and sell for a commission at other times, ensuring a deal never slips through oily fingers.
Drop by drop I aim to grow the business; helping chefs create olive oil menus and teaching consumers how to make better food with fine olive oil from around the world.
Felipe Mattei is the director of Mattei Olive Oil
Source GuardianMattei Olive Oil - retail premium olive oil business story,