I have a bit of a curveball for the kind folks of tildes. I have a fairly successful, flourishing and comfortable business of manufacturing-export in India which I handle with my dad. I handle...
I have a bit of a curveball for the kind folks of tildes. I have a fairly successful, flourishing and comfortable business of manufacturing-export in India which I handle with my dad.
I handle communication with customers, some documentation work like invoicing, the wages for the workers (we employ a 150 people). I also handle the manufacturing schedule, the quality team and the product development along with planning for material.
It is a fairly technical line of business ;processes range from press stamping, welding, milling, drilling, turning, hot forging, polishing, chrome plating, zinc plating, powdercoating etc.
Alot of my work is just looking over what my team does and just guiding them, motivating them and making sure they are taken care of.
I have worked hard to reduce the Labour turnover and uplift my workforce financially. It's a big family, albeit with hiccups from time to time.
But I have learned from mistakes and kept on improving.
Now on to the advice bit. I got married and my partner moved from the UK to be with me. We discussed all the challenges and thought we could make it work.
But it has been extremely difficult for her to move here. Quitting her job, leaving her family and not being able to settle here is affecting her mentally.
Seeing the state of the country she doesn't want to raise our kids here. Which I wouldn't mind either, but it will be extremely difficult for me to start afresh in another country.
The business is very hands on, and I'm not sure I can handle it remotely even if I find someone to handle the supervisors. Training someone alone for that role will take a lot of time, trial and error.
To find someone who will care for the work and put in the effort will want a good amount of money, and finding someone you can trust in itself is a challenge for a small business.
30% of my revenue goes into salaries, rent and electricity. About 40 to 50%% into material and maintenance, not to mention unanticipated expenses like bribes. So there isn't a lot of margin to experiment with big hirings anyways.
A big reason for our profitability is because we're quite lean.
Winding up the business would also be difficult. It would take a few years to do, it would be difficult emotionally for my parents and me. I know the amount of work my dad put into it.
They will want my happiness so it's not impossible to do. They could live their retirement years on rental income and me taking care of them.
The final challenge would be finding a job in UK or Europe (wherever we move). I'm not sure how employable I will be in a corporate environment. I don't have any other work experience other than an internship in Toyota in supply chain during my mba days (I have an economics background with an mba in marketing)
I know ultimately only I myself can figure this out. But I just needed a sounding board and just share as much as I could.
If anyone read this far ahead, thanks for taking out the time, really appreciate it.