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Yitbarek Alemu |
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RESUME
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Company: YASCAI, (Yitbarek Alemu Starch, Chemical and Adhesive Industry)
Founded: 2000
HQ: Addis Ababa
What it does: Starch production from enset, potato, cassava and
adhesive production
Employees: 34
Source of start up capital:My chemistry Knowledge and courage
Age: 57
Educational background : BSc in Chemistry
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BIG PICTURE
Reason for starting business:-To earn a living.
Most difficult part of decision:- To leave previous employment before retirement age.
Biggest business strength: - Always focus on what I believe is right and most of the time, the outcome is correct.
Biggest risk:- Minimum amount of risk is involved since the materials we use are non toxic.
Smartest move:- Starting my own business.
DAILY ROUTINE
Source of inspiration :- My great grand mother, Alemush Hailu and my former boss Basazenew Gebeyeh, for teaching me how to manage a business.
Favorite task:- Research and development, mostly related to applied science.
Least favorite task:- I used to hate night shift work.
Biggest frustration:-I have no doubt on the quality of the products I have formulated. But whenever I take my products to some factories, either they won’t understand what it is or get envious or become bureancratic. That frustrates me a lot.
DREAMS
Key goal yet to achieve:-To make the factory a reality and start exporting my products.
First move with capital windfall:-
Broaden my horizons and branch out my business so that I can work in other fields.
Five years plan:- To attain export level.
Inducement to sell:- With the products we sell, we believe we are also sharing knowledge.
First choice for new career or
venture:- I want to remain a chemist.
PERSONALS
Most interested in meeting:- Our Prime Minister
Most admired entrepreneur:- Berhane Mewa, entrepreneur and chemist
Stress reducers:- Music
Favourite past times:- Driving out of town and enjoying holidays with my family
Most favourite film: - Omar Muktar
Favorite book:- ‘ Fiker Eske Mekaber’
Favorite destination:- Ethiopia
Favorite automobile:- Citroen
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