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Work-Life Balance

Job Security

Income Potential

Work Culture

Importance of Education

Recognition

Profile Details
Name – Kamal Singhania
Profession – Business
Designation – Co-owner
Organisation – Galaxy Sports Complex
Age – 42
CityDaltonganj
Work Experience (Years) – 10

Under-Graduation – B.Com, St Xavier’s College, Ranchi

Please give us a summary of your Career.

I had always been a sportsman since primary school. Once I passed 12th grade, I started playing for my district cricket team. I represented my college too in many tournaments. By the age of 26, I was playing for the state team of Jharkhand. I tried my best to get to the Ranji team but could not. After years of failure, I gave up on the sport and came home. Having earned decent money by playing at the state level, I opened my own showroom of sporting gear in the heart of the town. My enterprise is currently one of the most renowned firms in the area.

Please describe your current Job Responsibilities.

Ever since MS Dhoni lifted the World Cup for India, the craze for cricket in Jharkhand had increased tenfolds. This led me to invest money in the very field. I started selling only cricket gears but now I have items of every sport available. Everyday I come across people who are willing to train their child in certain sports and I provide the means necessary to achieve that goal. Being a small town, quality items are not easily available in the area so on demand, I contact every leading gear making firm in the state to provide the proper products.


Average Income for a Business Owner in the current scenario

Starting out/Fresher – 0-2 Lakhs Per Annum
5 Years of Experience – 2-5 Lakhs Per Annum
10 Years of Experience – 2-5 Lakhs Per Annum
15 Years of Experience – 10-20 Lakhs Per Annum
20 or more Years of Experience – 10-20 Lakhs Per Annum
How do you rate the Income Potential in your career?
4 Star Rating | MentorClub.in


Work-Life Balance

On an average, how many hours do you work per day?
7-9 hours
On an average, how many days in a week do you work?
All 7 days
How often are you required to work in night-shift?
Often
Does your work require you to travel?
Rarely
Does your work require you to relocate to different town/cities?
Never
How would you consider the job security for a Business Owner?
Very Insecure
Would you consider being a Business Owner Risky?
Risky

The business mainly depends on the needs of the customers. Sometimes you get a heavy demand, sometimes you do not get any customers, so investing money in such a business is a bit of a risk.

Overall, how would you rate Work-Life Balance for a Business Owner?
4 Star Rating | MentorClub.in
Overall, how would you rate Job Stability for a Business Owner?
3 Star Rating | MentorClub.in
What are the different ways of entering as a Business Owner?

I personally do not feel that a person needs a specific qualification to be successful in business.


Work-Culture

How would you rate Stress-Level in your Profession?
As it should be
How would you rate your office/work infrastructure?
Good
How would you describe your co-workers?
OK
Generally speaking, your work is
Office Work
Overall, how would you rate Work-Culture in your Profession?
4 Star Rating | MentorClub.in


Importance of Education in Your Profession

Would you say that Education from top School/College plays a major role in the success in this Profession?
No
What level of Education is sufficient to be successful in this Profession?
12th
Would you say that Studious students are generally successful in this Profession?
No
How would you consider the Cost of Education post 12th?
OK

Overall, how would you rate the role of Education in your Profession?
1 Star Rating | MentorClub.in


According to you, what kind of person is likely to be Happy & Successful in your Profession?

First Personality Trait – Prefer working alone or in small groups and focus on few tasks at a time
Second Personality Trait – Focus on facts and details and apply past experiences to come up with practical solutions to problems
Third Personality Trait – Prefer to make decisions by being sensitive and cooperative to others feelings
Fourth Personality Trait – Prefer to keep flexible plan and keep options open
Fifth Personality Trait – Prefer routine and stable life
Sixth Personality Trait – Prefer to be self-disciplined and organised
Seventh Personality Trait – Prefer to be just and fair and not try to make everyone happy
Eighth Personality Trait – His/Her Family and Friends agree that S/he is usually relaxed, calm and happy
Please provide details

Apart from these qualities, the person should be farsighted and should be able to handle all aspects of the business completely. The success of any business is not just about the investment of funds but their management as well.

What are some of the positives, which would encourage someone to join your Profession?

Being a passionate sportsman, you always come across someone of your own kind with whom you can share your experience and guide them in their career. As a retail salesman, you always get to know what new commodities are available in the market. If given proper attention, the business flourishes very quickly allowing you to make great money. Being the master of my own, I can close the shop according to my will and spend some time with family.

What are some of the negatives that you would want someone to be aware of when considering a career in your Profession?

Firstly, if you are unable to estimate the demand of people in a particular area, your business will grow on a very limited scale. Initial income potential in such a business is really low and if not given proper attention, there are only slight chances that it would increase in the future. To win the trust of the customers is also a challenging job. Any deviation from the supply list is also a big issue. Moreover, damage of preserved stock is also a considerable loss.


Recognition in your Profession

What is your family’s view of your Profession?
My Family is Neutral
What is Friends’ view of your Profession?
My Friends are Neutral
What is Society’s view of your Profession?
Society is Unimpressed
Overall, how would you rate the Recognition aspect of your Profession?
2 Star Rating | MentorClub.in


General Information of your Profession/Business

What kind of family’s financial background can maximize success in this profession?
Small Business (Annual Family Income upto 20 Lakhs)
What is the ease of starting own business in this field?
Very Easy
How easy is it to move to a different country in this profession?
Maybe Easy for Few
Now you have several years of work experience and you have seen professions of others. If you are taken back to 10th/12th class and allowed to pick a profession, then which profession will you pick and why?

Maybe I would have worked hard and tried to get to the Ranji team, and tried to pursue cricket professionally.