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Work-Life Balance

Job Security

Income Potential

Work Culture

Importance of Education

Recognition

Profile Detail

Name – Priyanshu Sinha
ProfessionBusiness
DesignationOwner
Organisation – Ranchi Tent House
Age – 39
City – Ranchi
Work Experience (Years) – 9

Under-GraduationB.Sc., Ranchi University

Please give us a summary of your Career.

I completed my B.Sc from Ranchi University in the year 2003. I had no interest in pursuing higher studies at that point, so I started searching for jobs. Even if I had applied for many posts, I could not get one. I started helping out at my father’s computers shop. After getting the knowledge on how to manage your own business, I thought of starting my own enterprise. In 2007, I started a cafe but unfortunately, that did not work out due to its location on the outskirts of the city. A few years later, I started my own tent house service providing marriage decoratives on contracts.

Please describe your current Job Responsibilities as an Owner of Ranchi Tent House 

On a usual day, you can find me in my office taking orders from people all around the town. My customers include people organizing public speeches, sports events, celebrations and mostly marriage events. I provide services like tent, catering services, seating arrangements, sound system, and other decoration materials. The income from the events depends on how big the scale of the event is like marriages usually provide more than any other public events. At the end of the day, I have to provide a stipend for my staff as well. So, the entire management of all the bookings and organization are dealt by me.


Average Income in starting a Tent providing Services in the current scenario

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


Work-Life Balance

On an average, how many hours do you work per day?
Less than 7 hours
On an average, how many days in a week do you work?
5 days
How often are you required to work in night-shift?
Never
Does your work require you to travel?
Never
Does your work require you to relocate to different town/cities?
Never
How would you consider the job security in your profession?
Insecure
Would you consider this Profession Risky?
Risky

As the profession involves your investment, it is a bit risky.

Overall, how would you rate Work-Life Balance in your Profession?
4 Star Rating | MentorClub.in
Overall, how would you rate Job Stability of your Profession?
4 Star Rating | MentorClub.in
What are the different ways of entering this profession?

A degree in hotel management would help .one enter this profession.


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?
Helpful
Generally speaking, your work is
Field 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?
Cheap

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 as Business Owner?

First Personality Trait – Prefer working alone or in small groups and focus on few tasks at a time
Second Personality Trait – Focus on possibilities and value innovation to come up with creative solutions to problems
Third Personality Trait – Prefer to make decisions by being sensitive and cooperative to others feelings
Fourth Personality Trait – Prefer to be organised and stick to plan
Fifth Personality Trait – Prefer routine and stable life
Sixth Personality Trait – Prefer to be self-disciplined and organised
Seventh Personality Trait – Prefer to be cooperative and compassionate
Eighth Personality Trait – His/Her Family and Friends agree that S/he is usually relaxed, calm and happy
Please provide details

The person should be able to manage his resources properly.

What are some of the positives, which would encourage someone to start their Own Tent providing service/ their Own Business?

The work does not require you to put in any such physical effort unless necessary. You should just be able to provide proper services with limited resources. The more time you give to this profession, the greater the income it would yield. If you are efficient enough and your workers are cooperative, you can make all arrangements and get the work done over the mobile phone itself, you do not even need to go to the location yourself.

What are some of the negatives that you would want someone to be aware of when considering a career as a Business Owner / when opening their own Tent providing business?

The job requires high initial investment which is quite hard to arrange. In case you get a contract, you have to see every service provided precisely and monitor every activity just to ensure that the job is done and you get paid for it. If you do not use your funds resourcefully, you are sure to incur a heavy loss. Lastly, the workers’ salaries, maintenance costs, transportation cost, etc. all reduce your profit.


Recognition in your Profession

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


General Information of your Profession/Business

What kind of family’s financial background can maximize success in this profession?
Medium to Large Business (Annual Family Income upwards of 20 Lakhs)
What is the ease of starting own business in this field?
Maybe Easy for Few
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?

I would have gone for higher studies like MBA. 


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