
Radar | Apr 30,2021
The family business dates back to its foundation in 1975, when a courageous young entrepreneur made a bold move to start his own textile trading business. Later, as the business took shape for the better, Getu Gelete, Samuel’s father, made his younger brother join the venture in 1980 and his nephew in 1985.
This year marks its 50th anniversary, and the once modest venture has grown into a multidisciplinary group spanning trading, real estate, dry cargo logistics, manufacturing, asset management, and investments in various sectors. The group company, GetAs, is derived from the founder’s name, Getu, and his brother Asrat.
Q: Did you grow up wanting to run the family business, or were you pulled in another direction? And what is the most bizarre piece of advice an older relative ever gave you that, against all odds, worked?
Samuel: My involvement in the family business wasn't preplanned, but it took its current form naturally after I completed my studies in the United Kingdom (UK). Although the Chairman [Getu] instilled strong family values in each of us, I think he demonstrated it better through his hard work and dedication that inspired the family members over the past years.
Q: How do you maintain the old-school charm and family traditions that people love without falling behind modern expectations?
It is having a balanced approach between modern business science and family culture, which has been a cornerstone that helped drive growth over the many years.
Q: What is your secret for surviving those heated boardroom debates with relatives who still call you by your childhood nickname? And how often do you consult your parents’ coffee-stained notebook to guide today’s decisions?
This is never easy, as things can sometimes get overheated, and you might lose sight of what made you get involved in the family business in the first place. But the most important aspect is to remember it is never personal, and the intentions are all geared towards making the business better.
If we can stick to the notion of “I am my brother’s keeper”, as famously quoted by our Prime Minister during the Nobel prize acceptance speech, then you begin to realise we are all responsible for one another. This simplifies understanding intentions.
Q: If your business has an age-old family motto, what is it really (not just what is on the brochure)? And which piece of “family business wisdom” do you refuse to pass down to the next generation? Why?
Hard work has been the simple and understood motto across generations. The motto that I always look to for inspiration is: “If you want to walk fast, walk alone. But, if you want to walk far, walk together.”
Q: If your company’s journey became a holiday movie, would it be a comedy, a drama, or a cautionary tale? And if your family business were a movie character, would it be the eccentric genius, the lovable underdog, or something else entirely?
I think it would be a cautionary tale because there are elements in the journey that are daring, inspiring, and a lesson for the young generation just starting out.
Q: When you propose changes that break from long-held tradition, do you ever get the classic, “But that’s not how your parents did it!” pushback, and how do you balance preserving tradition with evolving the brand?
This is always a challenge because, as humans, we are sceptical of new changes, especially those that deviate from our old habits. But, it all comes down to the individual who pushes these changes, how he or she can articulate and execute those changes and the responsibilities that come with it.
It is always challenging, but with self-belief and the dedication we have witnessed new changes that have blended with old traditions, benefiting us enormously in our family business.
Q: What is the most infamous meltdown in your family’s business history that everyone still talks about? And did it ultimately reshape how you operate?
I think there have been moments of meltdowns, but as we continuously evolve through structures and integration of new generations, the big ones might be down the line. We are now in the first phase of integrating the third generation into the family business, and I believe this tale should be for later.
But, I also believe our Chairman’s absence from the business for a specific period can be cited as an infamous time when it reshaped how we structured the family business.
Q: Between family loyalty and customer loyalty, which one truly keeps you up at night? Can you recall a hilariously awkward moment when the generational baton was passed (maybe even literally dropped) that demonstrates this tension?
I strongly believe that family loyalty and customer loyalty complement each other rather than oppose each other. The family is always focused on the growth of the business. This can only happen if businesses adopt a customer-centric approach.
Q: Have you ever been tempted to rebrand around a bizarre old family saying, purely for nostalgia’s sake, no matter how strange it might sound now?
No comment.
PUBLISHED ON
Apr 19,2025 [ VOL
26 , NO
1303]
Radar | Apr 30,2021
Viewpoints | Nov 12,2022
Sunday with Eden | Apr 13, 2025
Radar | Sep 10,2021
Featured | Oct 06,2024
Covid-19 | May 09,2020
Sunday with Eden | Jun 29,2024
Commentaries | May 20,2023
Agenda | Oct 20,2024
Radar | Dec 08,2024
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Apr 20 , 2025
Mufariat Kamil, the minister of Labour & Skills, recently told Parliament that he...
Apr 13 , 2025
The federal government will soon require one year of national service from university...
Apr 6 , 2025
Last week, the International Finance Corporation (IFC), part of the World Bank Group...
Mar 30 , 2025
When the private satellite channel, Ethiopian Broadcasting Service (EBS), aired an em...