4-5 years of arduous studying and financial resources are the ingredients in the making of a career in Medicine- MBBS. But amid rising unemployment and feeble opportunities, there is a rising reason for students to consider careers such as making Chaai, and Pakora.
On the jobs front, Pulak Ghosh, Professor with IIM-Bangalore, and Soumya Kanti Ghosh (unrelated with each other), Chief Economic Adviser with the State Bank of India, said 7 million jobs will be added to the formal economy by 2017-18. The researchers came under heavy fire after media reports pointed to flaws in their research. The research was based on data made available from EPFO (Employees Provident Fund Organisation).
The International Labour Organisation (ILO) forecasts a grim reality- nearly 19 million unemployed youth contributing 9.76% to global unemployment.
The Prime Minister, acknowledged recently in an interaction with Zee News that anyone frying fresh Pakoras was contributing to the growth of the country. And hence anyone earning Rs 200 per day selling Pakoras should be considered employed.
While the comment has taken political contours, on a serious note, a new-class of entrepreneurs have been showing why Chaai or Pakora could turn out to as a good choice of career.
Yewle Tea House, created ripples in social media, after claiming that they made Rs 12 lakh per month. Navnath Yewle, the brains behind the chain of tea-stores said they started on the tea-concept in 2011. Speaking with ANI (news agency), Yewle says the business has grown fast. In fact, the three centers in Pune employed a staff of 12 each.
Each outlet sells nearly 4000 cups of tea and the ambitious Yewle wants to open nearly 100 outlets, providing employment to 1000 people in the coming five years. During his interview, he said the city of Pune had other notable success stories- Joshi Wade, Rohit Wade. The success story of the Food category is not a one-off case, and certainly not limited to Pune alone.
McDonalds of Pune
Shailesh and Vasundhara Joshi started a 175 sq ft Vadapav outlet in 1989. By 2011, their Joshi Wade has become a big name and been converted into a 2000 sq ft eatery-joint par excellence. As on date, Joshi Wade has 20 franchisees across Pune. Loyal customers, posting rave reviews, call it the 'McDonalds of Pune'.
Today, a franchisee of Joshi Wadewala starts in the range of Rs 10,000-50,000, according to unverified market-sources.
On the Mumbai-Pune expressway, somewhere closer to Lonavala, confectionaries such as Chikkis, chocolates, Squash, Maple-syrup and even home-made wine is fast turning into an opportunity as lucrative as Yewle's Tea, or Joshi's Wade. Magganlal, the company which has been selling branded Chikki is another great case.
Comparison with Engineering or a Doctor's degree:
A search on Payscale.com, suggests engineers holding a B.Eng or BE degree start with average median salary of Rs 250,669 per annum. It takes nearly 5-9 years for engineers to attain a salary of Rs 815,233.
Engineers from India's high-tech cities start with the following salaries:
The data for Doctors may not be entirely reliable, considering limited data-sets, but a Medical Officer earned Rs 323,587, and another, a Resident Medical officer, earned Rs 412,903.
So, in case you are looking out for inspiration to make that cup of Chaai, here are a few.
Sajid Sulemani, a specially abled tea-seller making Rs 400 everyday. Sajid also serves free-tea for the poor.
Vijayan & Mohana: Although making tea is his profession, travelling to destinations like UAE, Austria, France, Egypt, is passion for 67 year old Vijayan and Mohana, 65, his wife. Vijayan has visited 17 countries in 40 years. Most of his sojourns have been self-funded, but Vijayan thanks celebrities like Shashi Tharoor, Amitabh Bachchan, Anupam Kher, for contributing financially.
Laxman Rao- the Chaiwala with a Pen-Chant: Laxman Rao has penned 25 books, has a BA in English, and was reportedly pursuing an MA in Hindi in 2017. He says selling Chai serves his financial needs. Many of his books are available on Amazon.
DISCLAIMER: Please note that the stories, data and the pictures do not conclusively prove that students and working professionals should aim for a career mixing tea, Coffee, Pakora, Bhajiya or any hawking business. Unlike most businesses, these too operate on high risks, nifty margins, and cut-throat competition.
In case, you are contemplating a move from your current full-time job or planning for an additional income, do consider the supply-demand, the legal and operational costs of running such a venture. If you are plunging into off-beat businesses such as these, it will be advisable to at least build a fund that can serve your bare necessities for one full year.