Garments Business is Especially Good Because it isn’t Seasonal – Says Prakash Patel, Owner of a Garment Shop in Mumbai

Prakash Patel (Owner of the Garments Business, 'Vidhi Collection')

Insights

  1. This is a good profession for those who seek only income from it.
  2. Running a garments business may not appeal to many, as almost all days are the same. You don’t get to see very exciting days or new challenges.
  3. I put in about 12 hours per day and work on all days. I also can’t afford long vacations.
  4. Finding the right employees to help you run the shop isn’t easy.

Personal Details

Name – Prakash Patel
Profession – Owner of the Garments Shop, ‘Vidhi Collection’
Gender – Male
Age – 35 years
City – Mumbai
Industry – Garments

Where were you born and raised?

I was born and raised in Mumbai. I completed my education and established a career in this city itself. I’ve been residing here ever since. We were a family of five; my parents, my siblings and me. My father was a businessman and my mother, a homemaker.

Who would you say, had a remarkable influence on you growing up and how?

Growing up, I’d say my father had a pre-eminent influence on me. He was always my source of inspiration.

Please give us a summary of your career.

My career started with the garment shop called “Vidhi”. Here, we deal in garment retailing. My principal duty involves supervising the functioning of the shop, my employees, our profits, etc.

I’ve been leading this business for a long time now and plan on continuing to do so.

Which institutes, according to you, are the best for pursuing this career?

Honestly, the success of your business solely depends upon your knowledge and experience.

However, if we’re talking about a professional degree, I’d suggest you pursue any Graduation degree in Business/Management/Accounting/Commerce. Anyone of these degrees would be enough for you to set up a business of your own. You can apply to colleges like Jai Hind, H.R or even the ones affiliated to the Mumbai University like Mithibai, N.M, etc. These institutes are all among the top 10 colleges in Mumbai as far as I know.

What is the expenditure associated with the education/training of this profession, approximately?

A B.Com. may cost around INR 5,000 to 6,000 per year. On the other hand, the fee structure of degrees like B.M.S and B.B.A can be around INR 30,000 per annum.

Cost also depends on the university you plan on attending.

As for the training aspect of it, you’ll start acquiring experience only after you set up your business.

How does one manage to enter in garments business?

First of all, you ought to possess an extensive array of knowledge with respect to everything related to your business, especially knowledge about garments and its different types, since that’s your main product, of course. Your experience will inevitably grow once you start working.

Once you have the finance, you can start looking for a good location to set up your business and rent out that place or buy it.

From there, things start flowing smoothly.

What is the range of remuneration one can expect when starting out in the garments industry?

I can’t really give a definite figure since your income depends upon your investment. Also, income varies from business to business.

However, when starting out, one can expect to earn about 2 to 5 lakhs INR per annum.

Then the growth of your business depends upon the location of your shop, the amount of time you’ve been in business, your contacts, experience, etc. So, I can’t really provide a figure with respect to this.

Describe your work, please.

My main job entails supervising my staff, managing sales, handling customers, sourcing of garments, accounts, etc. So, manage everything related to my business.

My employees attend to our customers’ preferences and address their issues if any. I also have an accounts department that keeps track of the sales and purchase, our profits, etc.

I put in about 12 hours per day and work on all days.

In your opinion, what are some benefits that would encourage an individual to consider a career in the garments business?

Honestly, one of the only benefits I’ve experienced as a part of this business is the fact that I’ve never faced any financial difficulties till date.

The garments business isn’t seasonal, so profits keep rolling in.

From my perspective, I look for only one benefit from a profession and that is money, which I get in plenty in this profession.

Can you mention a few challenges that you would want someone to be aware of if they’re considering garments business as a career?

The most difficult challenge is choosing the location of your shop because it determines the success of your business.

If the location is right but competition is high, then profits are low. If the location is wrong, then you will not have many customers.

The second challenge is finding and retaining the right employees. Unlike the professional world, employees in this business aren’t generally career oriented. So, finding those few good employees is a real challenge in the initial days.

The third challenge is the work-life balance. I work on all days without any break. The idea of working ceaselessly is obviously not appealing to everyone, however, I am now used to it.

What are some relevant trends/skills/technologies that are currently commanding a premium in garments business?

There aren’t any specific trends or skills that are commanding a premium in my job profile. Like I said, you just have to possess a lot of knowledge about the retail business and the products you’re going to be dealing with.

What kind of a person, do you think, would be content in this field?

You have to possess patience in order to succeed in this field. Not every day is dynamic. Some days are monotonous. So if you want something new and exciting happening every day, this business is not it for you. You also have to possess remarkable communication skills since you’re going to be interacting with so many clients and people on a daily basis, in general. Possessing marketing skills, knowledge and a command over the people working for you are a few factors you have to consider too.

If you think you’ll be able to fulfill these requirements, go for it.

Given another choice, what would you do differently as far as your professional selections are concerned?

No, I extremely contend with regards to my professional life. I’ve never thought of changing my career path.

What advice would you offer to students or professionals who are just starting their journey on a path similar to yours?

As easy and effortless as my work may sound, it really isn’t. It requires patience and perseverance to be able to work without any promised holidays or fewer work hours. Every business requires hard work for its foundation to remain strong and unwavering, hence, remain cautious and conscious of what your next step is, always.

You may also check out our conversation with Mr. Puneet Gulati (who owns a sports shop in Mumbai)