Importance of Education
Name – Parshwanath T S
Profession – Manufacturing
Designation – Owner
Organisation – Etco Moto Controls
Age – 52
City – Tumkur
Work Experience (Years) – 20 years
Under-Graduation – B.Tech, SIT
Please give us a summary of your Career.
After my degree, I started looking for jobs in various cities and found one in Bombay, but after I started working there I felt the need to go back my native place and search for work there. So I started my second job as a lecturer in a university.
I later quit that job to start a computer servicing company that did not take off well.
Later, I felt that I need to invent something on my own, so I started researching on motor starters that help in bringing water to farms and set up my business around that product.
Please describe your current Job Responsibilities as an Owner of a Manufacturing Enterprise.
I start my business day by checking and updating accounts of the previous day. I then proceed to check if the accounts match to the stock in my inventory. Then I start assigning work to my employees based on the level of inventory and demand of the previous day and projected demand. As we have services facility in our establishment I proceed to look over the serving needs of the customers and also try and solve their queries. If the number of employees falls short on any particular day, I take over some of the work.
Average Income in this Profession 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 – 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?
On an average, how many hours do you work per day?
More than 9 hours
On an average, how many days in a week do you work?
How often are you required to work in night-shift?
Does your work require you to travel?
Does your work require you to relocate to different town/cities?
How would you consider the job security in your profession?
Would you consider this Profession Risky?
Overall, how would you rate Work-Life Balance in your Profession?
Overall, how would you rate Job Stability of your Profession?
What are the different ways of entering this profession?
How would you rate Stress-Level in running a Manufacturing Enterprise?
As it should be
How would you rate your office/work infrastructure?
How would you describe your co-workers?
Generally speaking, your work as Owner of a Manufacturing Enterprise is
Overall, how would you rate Work-Culture in your Profession?
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?
What level of Education is sufficient to be successful in this Profession?
Graduation in Relevant Stream
Would you say that Studious students are generally successful in this Profession?
How would you consider the Cost of Education post 12th?
Overall, how would you rate the role of Education in your Profession?
According to you, what kind of person is likely to be Happy & Successful in your Profession?
First Personality Trait – Energized by people, enjoy a variety of tasks and good at multitasking
Second Personality Trait – Focus on possibilities and value innovation to come up with creative solutions to problems
Third Personality Trait – Prefer to make decisions using logic by weighing pros and cons
Fourth Personality Trait – Prefer to keep flexible plan and keep options open
Fifth Personality Trait – Prefer to seek new experiences and create new things
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
You have to be calm while conducting any business activity as it will keep your mind clear and help you take better decisions. You need to be innovative as well so that your business can keep growing is not stagnant at any point.
What are some of the positives, which would encourage someone to start their own Manufacturing Enterprise
The amount of satisfaction of serving farmers, who are the backbone of our country, that comes with this job is high. I can control the amount of manufacturing so that I do not get overwhelmed by the amount of workload. There is also some sense of pride as I am able to create jobs for so many people. I can innovate and improve things as and when the problem occurs rather than waiting for the approval of others.
What are some of the negatives that you would want someone to be aware of when starting his/her own Manufacturing Enterprise?
This business is mainly a seasonal one so, one must be ready to over-work during the peak seasons so as to fulfill the demand. Any business is usually risky and one must be capable of maintaining cool and think of solutions during the fall.
The raw material required for the company has to be bought or ordered regularly and any lag in the order can cause a delay in the production might result in the loss of customers.
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 Impressed
Overall, how would you rate the Recognition aspect of your Profession?
General Information of your Profession/Business (Manufacturing Enterprise)
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?
How easy is it to move to a different country in this profession?
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 probably pick the same business.