titles of business plan in automotive engineering

• Introduction to Automotive Engineering
• Core Automotive Knowledge & Principles
• Automotive Career Choices
• Essential Non-Technical Advice for Engineers
• Automotive Engineer Interviews
• Terminology

How to Become an Automotive Engineer

AEHQ August 1, 2014 Introduction to Automotive Engineering 6 Comments

There is more than one path you can take to become an automotive engineer. Everyone thinks you need to get a degree in automotive engineering to get yourself right into an automotive job. While this is the focused path to becoming an automotive engineer, there are other, much more flexible ways that anyone can get themselves into an automotive career. Automotive engineering is a fast, competitive industry but the salary and indirect perks of the job can be very rewarding. If you are just starting out on your quest to get into the automotive industry, or are an engineer looking for an awesome change let us help you achieve your goal.  Here at Automotive Engineering HQ we will discuss a few different paths on how to become an automotive engineer. We have laid out the most common path below.

High School – the foundation:

Those growing up with automotive passion are probably figuring out how to become an automotive engineer around high school. In high school you must have a main focus on your science and math subjects. You don’t have to truly love math or physics to get into engineering, but you should have a basic knack for the scientific subjects. After all, these are what you will base your automotive knowledge on as you move on in your career. Keep in mind, good grades are a must to get into engineering school.

You should apply to a few engineering schools and take some time to visit and learn about their programs. Don’t think that you need to get into MIT or Harvard to get into automotive. Just make sure that the program you choose has a good reputation and accreditation in your engineering subject. Your objective should be to learn as much as you can, and you don’t need an Ivy league education to do that. Most of the engineers I have worked with went to medium-size private or state universities. Go to a school that you are comfortable with, and where you can learn the most.

High School tips for success:

• Math is your foundation; physics is your focus. Learn as much as you can about these.
• Ask your parents if they can teach you to change the oil on a car. This is a great beginner’s task and is a great way to gain familiarity with a vehicle. (If your parents don’t know how, just search for it online by the make and model of your vehicle; its easier than you think!
• Start taking notes on all the details and mechanics that go into your car.
• Watch Top Gear on BBC – This fun show gave me the love of cars that I have today – I promise you will like it.

College Education – your best asset:

High school is your foundation for these skills, but once you get to college these courses go into overdrive. An engineering degree is critical for becoming an automotive engineer (duh), but you should look and see which branch of engineering you want to go into. The most common degree for automotive is mechanical engineering. While it does not necessarily show you how to become an automotive engineer, this major will cover the basics of mechanics, fluid dynamics, thermodynamics, and high level math. Your studies consist of how the physical world works and is great for anyone who wants to learn about mechanical systems. If you were that kid who always took things apart, or played constantly with Legos, this is the major for you.

any of these engineering degrees is that you have your choice after college of entering any related field, not just automotive. (But trust me – Automotive is the best!)

Every field of engineering is very hard and will require a lot more work than your average degree. However the reward will most likely be a high paying job in a high demand field. There will be moments where you feel like you are trying to learn everything there is about the universe, but stick with it and you will be ahead of the game in the job market.

Focusing on your course work is important, but don’t stop there! Doing an extracurricular automotive activity will get you on the fast track to becoming an automotive engineer.   There are many programs out there such as Baha Club, automotive mechanics clubs, and many others. Some activities like the Supermilage Team, where students develop a car that gets over 1000 MPG, really get you noticed by the automotive community. Joining programs like this gives you a huge leg up when it comes to getting into an automotive career.

The other must-have piece of experience is an internship. You must focus on getting an engineering internship while you are still in college. An automotive engineering internship position will make you golden. Working as an intern in the automotive field shows that you have experienced what it is like in this industry, and that you have what it takes to make it as a full time engineer.

Tips for College:

• Get good grades – should be obvious but the automotive world is very competitive.
• Make sure to take electives that focus on design, tolerance, manufacturing and quality. Courses that focus on statistical process control are also critical.
• Do at least one club focused on automotive – this will really help you later on.
• Apply for automotive internships in college.
• Think about what you can do in college that would be great to talk about during an interview – another reason the clubs are important.
• Check out our guide on the 5 most important college experiences for future automotive engineers .

Getting your masters (optional):

If you have your bachelor’s and know you want to get deep into automotive, one option is to go out an get your master’s. Here you should focus solely on Automotive Engineering or a direct interest of yours, like acoustics or materials. There are very good  Automotive Engineering Schools  all over the US. An automotive masters degree is almost a guarantee that you will be able to land a great job after school!

Landing the Job

For recent grads and entry level engineers, you should begin to apply to positions within the automotive industry. What you apply to should be up to the quality of education and grades that you received. I can tell you from experience, applying directly to an OEM is very difficult.  It may only result in a contract position initially since you have no work experience. However, these contract positions are huge resume builders and usually result in getting a great position afterword, either at the OEM or at a supplier.  Another good path is to apply to  a tier 1-3 supplier job to build experience in the industry. There is a large work culture difference between a large automotive company and a smaller supplier and you may find that you like the automotive supplier job better (like me!).

For where to apply, sites like Indeed and Monster are good routes. However, to get faster results, it is wise to see how each company does their hiring. Many automotive companies use recruiting firms to do their hiring. These recruiters act as gate keepers for the internal HR departments. Do some research and find out who does the hiring, and then apply directly to the recruiter. This will help your name get in faster, and will help you build a relationship with an automotive recruiting company. These recruiting firms usually have several different automotive companies as clients.  Even if you do not get the job, you will now be in their database and be considered for other opportunities in the future.

If you are looking for what to put on your resume, sign up for my email list to receive our free guide –  5 Things You MUST Include in Your Automotive Engineering Resume.

If you are in a different field of engineering, you may already have the necessary experience to translate into the automotive world. I am often asked how I got into automotive engineering. For me, it was not a direct focused path but a series of small decisions I made along the way that got me into the field. I went to school for mechanical engineering and did a basic path. When I got out of school, I didn’t start right away with an automotive job. I actually started the electrified rail industry. However, it was here that I realized I wanted to join a more dynamic field and automotive was always my interest. Even if you absolutely want automotive, it is okay to take a job in any industry to find out what you like an what you are good at. The key is focusing on the skills in college or your entry level position that will translate well into automotive.

Tips for landing your first job in automotive engineering:

• Apply, Apply, Apply – Focus on automotive suppliers and OEM positions and see what opportunities are out there.
• Focus on the  skill set that can be applied to getting a job as a  Design Engineer , Quality Engineer , or Manufacturing Engineer .
• Research the the companies and see if they use an HR recruiter.
• Apply to a position directly through the recruiter to be more effective, and build a relationship with these firms.
• Learn the most important Automotive Engineering Terminology .
• If you are in another engineering field, look for skills and projects that translate well into automotive.
• Make sure your resume is well written and has good related experience.

Be sure to keep checking back into this site for more information on how to become an automotive engineer. We also have great inside information on the automotive industry and how to thrive when you get in. Good luck!

This is the most common path to take, however there are many automotive engineers who did not go this traditional route. Let us know in the comments how you became an automotive engineer.

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Automotive Engineer Job Titles

Explore the most popular job titles, career levels, and alternative careers for Automotive Engineers

Getting Started as a Automotive Engineer

• What is a Automotive Engineer
• How to Become
• Certifications
• Tools & Software
• LinkedIn Guide
• Interview Questions
• Work-Life Balance
• Professional Goals
• Resume Examples
• Cover Letter Examples

Types of Automotive Engineer Jobs

Automotive design engineer, automotive systems engineer, powertrain engineer, vehicle dynamics engineer, safety engineer, senior automotive engineer, chief engineer, director of engineering, automotive engineer job title hierarchy, junior automotive engineer, automotive test engineer.

• Vehicle Integration Engineer

Automotive Engineer

• Chassis Engineer

Automotive Safety Engineer

• Senior Vehicle Dynamics Engineer
• Lead Powertrain Engineer
• Senior NVH (Noise, Vibration, and Harshness) Engineer

Engineering Team Lead

Automotive project engineer.

• Automotive Engineering Supervisor
• Chief Engineer - Automotive
• Director of Vehicle Engineering

Director of Powertrain Systems

• Global Director of Automotive Engineering

Top Automotive Engineer Job Titles by Level

Entry level job titles, graduate automotive engineer, automotive quality engineer, automotive manufacturing engineer, mid level job titles, senior level job titles, director level job titles, director of engineering, automotive, director of autonomous vehicle systems, director of vehicle safety engineering, director of electric vehicle (ev) engineering, vp level job titles, vice president of engineering, vp of powertrain engineering, vp of product innovation, vp of manufacturing engineering, vp of autonomous vehicle systems, how to advance your current automotive engineer title, master advanced automotive technologies, enhance project management skills, build a portfolio of successful designs, obtain professional engineering (pe) licensure, network and collaborate industry-wide, develop soft skills and leadership abilities, similar automotive engineer careers & titles, manufacturing engineer, quality assurance (qa) engineer, supply chain manager, technical sales engineer, systems engineer, faqs about automotive engineer titles, how do automotive engineer job titles vary across industries, are there any emerging job titles for automotive engineers that are gaining popularity, which automotive engineer job title has the highest salary potential.

Automotive Engineer Work-Life Balance

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How to become an automotive engineer

Is becoming an automotive engineer right for me.

The first step to choosing a career is to make sure you are actually willing to commit to pursuing the career. You don’t want to waste your time doing something you don’t want to do. If you’re new here, you should read about:

Still unsure if becoming an automotive engineer is the right career path? Take the free CareerExplorer career test to find out if this career is right for you. Perhaps you are well-suited to become an automotive engineer or another similar career!

Described by our users as being “shockingly accurate”, you might discover careers you haven’t thought of before.

How to become an Automotive Engineer

Becoming an automotive engineer requires a combination of education, practical experience, and specialized knowledge in the field of automotive engineering. Here is a guide on the steps to pursue a career as an automotive engineer:

• Obtain a Bachelor's Degree: Start by earning a Bachelor's Degree in Automotive Engineering or a related field such as mechanical engineering , electrical engineering , or manufacturing engineering . Look for accredited programs that provide a strong foundation in engineering principles, automotive systems, vehicle design, and relevant coursework. It typically takes four years to complete an undergraduate degree.
• Gain Relevant Experience: While pursuing your degree, seek opportunities to gain practical experience in the automotive industry. Look for internships, co-op programs, or research projects with automotive companies, manufacturers, or engineering firms. This hands-on experience will provide valuable insights into real-world engineering practices and enhance your resume.
• Specialize in Automotive Engineering: Consider pursuing specialized coursework or certifications specifically focused on automotive engineering. These programs may offer in-depth studies in areas such as powertrain systems, vehicle dynamics, chassis design, or electrical and electronic systems. Specialized knowledge in automotive engineering will make you more competitive in the job market.
• Obtain a Master's Degree (Optional): Depending on your career goals, you may choose to pursue a Master's Degree in Automotive Engineering or a related field. A master's degree can provide advanced knowledge and specialization in specific areas of automotive engineering. It may also open up opportunities for research or teaching positions. However, a master's degree is not always required for entry-level positions.
• Develop Technical Skills: Automotive engineers need strong technical skills, including proficiency in computer-aided design (CAD) software, simulation tools, and data analysis. Familiarize yourself with industry-standard software and gain hands-on experience through coursework, projects, or self-guided learning.
• Network and Join Professional Organizations: Build a professional network by attending industry events, joining automotive engineering associations, and participating in engineering societies. These organizations provide opportunities for networking, professional development, and staying updated on industry trends. Examples include the Society of Automotive Engineers (SAE) and the American Society of Mechanical Engineers (ASME).
• Obtain Professional Certifications: Consider pursuing professional certifications to enhance your credentials and demonstrate your expertise in specific areas of automotive engineering. Certifications such as the Automotive Service Excellence (ASE) certification or SAE certifications can boost your employability and professional standing.
• Seek Employment Opportunities: Begin searching for job opportunities in the automotive industry. Look for positions at automotive manufacturers, research and development firms, engineering consulting companies, or government agencies. Apply to entry-level positions that align with your skills and interests, and be prepared for potential interviews, technical assessments, and evaluations.
• Continuously Learn and Stay Updated: The field of automotive engineering is dynamic and ever-evolving. Stay updated on the latest technologies, regulations, and industry trends by participating in professional development programs, attending seminars, and engaging in lifelong learning. Continuously improving your skills and knowledge will contribute to your long-term success as an automotive engineer.

Certifications Obtaining relevant certifications can enhance your skills, demonstrate your expertise, and improve career prospects. Here are some certifications that automotive engineers may consider:

• Society of Automotive Engineers (SAE) Certifications: SAE International offers various certifications that cover a range of automotive engineering disciplines. Examples include certifications in automotive materials, powertrains, and vehicle dynamics.
• Automotive Service Excellence (ASE) Certification: Although ASE certifications are typically associated with automotive technicians, certain certifications, such as the "Automobile Parts Specialist" certification, may be relevant for automotive engineers, particularly those involved in component design and development.
• Certified Automotive Engineer (CAE): Offered by the International Association of Engineers (IAENG), the CAE certification is a general certification that covers multiple engineering disciplines, including automotive engineering.
• Certified Vehicle Dynamics Engineer (CVDE): The Society of Automotive Engineers of Japan (JSAE) offers a certification specifically focused on vehicle dynamics, which may be beneficial for engineers specializing in this area.
• INCOSE Automotive Systems Engineering Professional Certification: The International Council on Systems Engineering (INCOSE) offers a Systems Engineering Professional (SEP) certification, and individuals specializing in automotive systems engineering may find this relevant.
• Six Sigma Certification: Obtaining Six Sigma certification can be valuable for automotive engineers involved in process improvement and quality management. It demonstrates proficiency in methodologies aimed at reducing defects and improving efficiency.
• Project Management Professional (PMP) Certification: While not specific to automotive engineering, PMP certification can be beneficial for engineers involved in project management roles, overseeing the development and launch of automotive projects.
• Leadership in Energy and Environmental Design (LEED) Certification: For automotive engineers working on sustainable vehicle design or environmental initiatives, LEED certification can demonstrate knowledge and commitment to green building and sustainability principles.

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Engineering Business Plan

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Compton Geotechnical Associates

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">.

Introduction Compton Geotechnical Associates Inc. (CGA) will provide innovative approaches to geological engineering services throughout the state of Maine.

CGA will enter into this limited geographical area where it can leverage its staffs’ existing collective reputation into long-term contracts centered on excellent service and cost effectiveness. We believe that we can service this limited market better than larger firms and we have better service packages at a more reasonable cost than existing competitors of equal size.

The Company CGA will be a limited liability partnership registered in the state of Delaware for tax purposes. Its founder is Mr. Martin Compton, a former engineering geology department head with Wilson and Brown, Inc. Mr. Compton has brought together a highly respected group of geologists, hydrologists, engineers and graphic art specialists who, combined, have a total of 35 years of experience in this industry.

The company has a limited number of private investors and does not plan to go public. The company has its main offices in Augusta, Maine. The facilities include a soil/rock and water testing lab, conference rooms and office spaces. The company expects to begin offering its services in January of Year 1.

The company’s main clients will be major construction companies, local and state governments, real estate companies and utility and water companies. By focusing on institutions such as these that have special needs, we believe we will be able to better serve our clients and produce a superior service that is more effective that other geo-engineering firms.

The Services CGA offers comprehensive geo-engineering services to our diverse clients. Our services fall into two main categories of geotechnical engineering services and construction monitoring/laboratory testing.

Some of these services include surface and groundwater evaluation, slope stability analysis, bluff studies, laboratory analysis of soils, rocks and groundwater, load testing, and settlement analysis. Each project is customized to our client and its scope, length, depth, reach, and cost are unique.

The Market There are plenty of opportunities within this market especially since recent local and federal regulations have required many of our potential customers to carryout geotechnical studies and monitoring before construction.

The geoengineering industry has been growing at a very fast rate for the past twenty years. According to the Journal of Hydrology & Geoengineering, the industry has averaged approximately 22% per year over the past five years. The geotechnical consulting business consists of thousands of smaller consulting organizations and individual consultants for every one of the few dozen well-known companies. These companies range from major international name-brand firms to tens of thousands of individuals.

Financial Considerations Start-up assets required are [see Start-up table]. This includes [see Start-up table] in expenses and the rest in cash needed to support operations until revenues reach an acceptable level. Most of the company’s liabilities will come from outside private investors and management investment, however, we have obtained [see Start-up Funding table] in current borrowing from Bank of America Commercial Investments, the principal to be paid off in two years. A long-term loan of [see Start-up Funding table] through Charter Bank of Augusta will be paid off in ten years.

The company expects to reach profitability in year one and does not anticipate any serious cash flow problems. We conservatively believe that during the first three years, average profitability per month per segment will be about $8,000. We expect that about three projects per month will guarantee a break-even point.

1.1 Objectives

The three year goals for Compton Geotechnical Associates (CGA) are the following:

• Achieve break-even by year two.
• Establish long-term contracts with at least four clients.
• Establish a minimum of a 95% customer satisfaction rate to establish long-term relationships with our clients and create word-of-mouth marketing.

1.2 Mission

It is the mission of CGA to provide innovative approaches to geological engineering services and to build effective long-term relations with our clients with excellent services delivered in a timely and cost-effective manner.

1.3 Keys to Success

CGA’s keys to long-term survival and profitability are as follows:

• Create long-term contracts that demand constant monitoring or on-call services.
• Keeping close contact with clients and establishing a well functioning long-term relationship with them to generate repeat business and obtain a top-notch reputation.
• Establish a comprehensive service experience for our clients that includes consultation, field and laboratory work, in-house design, analysis, and follow up monitoring of geo-hazards.

Company Summary company overview ) is an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.">

CGA will be a limited liability partnership registered in the state of Delaware for tax purposes. Its founder is Mr. Martin Compton, a former engineering geology department head with Wilson and Brown, Inc. Mr. Compton has brought together a highly respected group of geologists, hydrologists, engineers and graphic art specialists who, combined, have a total of 35 years of experience with this industry.

The company has a limited number of private investors and does not plan to go public. The company has its main offices in Augusta, Maine. The facilities include a soil/rock and water testing lab, conference rooms and office spaces. The company expects to begin offering its services in January of 2003.

2.1 Company Ownership

The company will have a number of outside private investors who will own 27% of the company’s shares. The rest will be owned by the senior management including Mr. Martin Compton, (25%), Ms. Elizabeth Bathory (20%), Mr. David Gillen, (20%), and Mr. Jeremy Leither (8%). All other financing will come from loans.

2.2 Start-up Summary

Start-up assets required are shown below. This includes expenses and cash needed to support operations until revenues reach an acceptable level. Most of the company’s liabilities will come from outside private investors and management investment, however, we have obtained current borrowing from Bank of America Commercial Investments, the principal to be paid off in two years. A long-term loan through Charter Bank of Augusta will be paid off in ten years.

CGA offers comprehensive geo-engineering services to our diverse clients. Our services fall into two main opportunities of geotechnical engineering services and construction monitoring/laboratory testing. Our geotechnical engineering services include:

• Exploration and characterization of soil and rock.
• Surface and groundwater evaluation.
• Shoring requirements and analysis.
• Slope stability and landslide analysis.
• Forensic studies of failures and/or distress.

The services we provide for construction monitoring and laboratory testing include:

• Compaction monitoring and testing structural fill.
• Evaluation, tieback, and shoring monitoring.
• Pile and pier installation monitoring.
• Laboratory analysis of soil, rock, and water properties.
• Load testing, and settlement analysis.

Market Analysis Summary how to do a market analysis for your business plan.">

CGA will be concentrating on four main types of market segments. These include major construction companies, local and state governments, real estate companies, and water and utility companies. This is because these types of organizations have the greatest needs and/or the best capitalized of all our potential clients.

The geo-engineering industry has been growing at a very fast rate for the past twenty years. According to the Journal of Hydrology and Geo-engineering , the industry has averaged approximately 22% growth per year over the past five years.

An analysis of the market using the five forces of profitability indicates that the greatest threat at the moment is in new entrants to the market who will want to capitalize on this high growth. Currently rivalry among different geotechnical companies is relatively moderate as much of the potential rivalry is absorbed by this high growth rate. Many of the competitors are able to improve profitability simply by keeping up with industry expansion.

Our most serious competitors are Goldner Geotechnical and Earth Sciences Consultants. These companies effect us most because of their higher capitalization or geographical proximity.

Companies usually enter into contracts with geotechnical companies based on their reputation of professionalism and quality of services rendered in the past. This reputation is difficult to obtain by new firms unless its personnel bring it with them from previous companies, as we are. Price and scope are also important reasons for accepting contracts, especially if the company is small.

4.1 Market Segmentation

There are various land-use companies and organizations within the state of Maine that CGA will be concentrating on. These include:

• Major construction companies.
• Local and state governments.
• Real estate companies.
• Utility and water companies.

We are concentrating on these specific market segments for a variety of reasons. The construction industry now requires, by law, certain certifications of safe practices including retaining wall and foundation load bearing capacities, slope stabilities, and geo-instrumentation installation.

Local and state governments often require services such as earth science historical reviews, geomorphological studies and coastal processes studies for their constituents. Real estate companies are in need of bluff studies and fault mapping.

Finally utility companies require a wide variety of services that also include soil and water analysis, seismicity studies, aerial photo interpretation, etc. All these companies further require ongoing services that will provide CGA with long-term profitability.

The market analysis table and graph which follows shows the number of each type of organizations in the state of Maine. This will be our expected geographical focus. It must be noted however, that some of the segments, although they are quite small in the number of potential clients, have very high profitability levels.

4.2 Service Business Analysis

The geoengineering industry has been growing at a very fast rate for the past twenty years. According to the Journal of Hydrology & Geoengineering , the industry has averaged approximately 22% growth per year over the past five years. Much of this growth has been due to increased environmental awareness and the subsequent local and federal legislation that has resulted from this trend.

The geotechnical consulting business consists of thousands of smaller consulting organizations and individual consultants for every one of the few dozen well-known companies. These companies range from major international name-brand firms to tens of thousands of individuals.

CGA believes that the greatest threat at the moment is in new entrants to to market who will want to capitalize on this high growth industry. The most likely entrants will be new, small consulting companies with fewer than ten employees. However, the one major disadvantage to new entrants is that all firms engaged in contracting to geoengineering firms face significant switching costs when bringing on a consulting partner. Furthermore, CGA understands that in this industry there is a significant learning curve that creates declining “unit” costs as a firm gains more cumulative experience in the field itself and with long-term clients specifically.

Rivalry among different geotechnical companies is relatively moderate as much of the potential rivalry is absorbed by the high growth rate. Many of the competitors are able to improve profitability simply by keeping up with industry growth.

The power of potential clients is very great in this industry because most clients are very concentrated in our geographical area. furthermore, because of the high cost of our services, clients tend to “shop around” for the best package of services and cost. Finally, some of our market segments, such as governments have “profitability” restraints that cause them to pressure geotechnical companies for superior terms.

4.2.1 Competition and Buying Patterns

Competition Competition includes all potential geotechnical companies in our geographical operating area. The geoengineering industry is highly fragmented, with a large number of small companies that mainly cater to small firms and a few large companies that seek the largest contracts. Our most serious competitors are Goldner Geotechnical and Earth Sciences Consultants. Goldner is an established company that has been in operation for the past ten years, with a fine track record of quality work. It currently employees twelve consultants and has long-term contracts with the city of Damrascotta and the Skowhegan River Water District. This company is analogous to CGA in size, capabilities, services, and estimated profits.

Earth Sciences Consultants is one of the largest and best known geotechnical firms on the east coast and is expected to expand into a nationwide company within the next five years. It has hundreds of staff consultants and very deep pockets that can be used to counter any sort of competitive move.

Buying Patterns and Needs Companies usually enter into contracts with geotechnical companies based on their reputation of professionalism and quality of services rendered in the past. This reputation is difficult to obtain by new firms unless, its personnel bring it with them from previous companies, as we are. Price and scope are also important reasons for accepting contracts, especially if the company is small.

Strategy and Implementation Summary

Compton Geotechnical Associates’ business strategy is to enter into a limited geographical area where it can leverage its staff’s existing collective reputation into long-term contracts centered on employee service and cost effectiveness. We believe that we can service this limited market better than larger firms and we have better service packages at a more reasonable cost than existing competitors of equal size.

5.1 Marketing Strategy

In order to attract clients, CGA will begin to contact promising organizations and offer free consultations, and an initial contract at reduced prices. These promotions will allow us to begin to make our reputation. In addition, Mr. Compton and Ms. Bathory will be traveling to six conventions across the eastern part of the country during the first year of operations where we will have booths to advertise our services. Finally we will be setting up cold calls to potential clients and have half- and full-page advertisements in various publications that address our clients needs.

5.2 Sales Strategy

5.2.1 sales forecast.

Sales are based on the various contract projects we anticipate acquiring in the various market segments. Revenues are based on average costs per project based on estimated time and complexity of project plus and undisclosed profit margin. The company does not have any significant direct costs of sales.

Management Summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">

The company will have four officers including our president, Mr. Martin Compton. Our head of operations will be Mr. David Gillen, plus we will have two initial geotechnical consultants and a CAD draftsperson. Finances and general admin will be handled by Ms. Bathory.

The company plans to hire additional consultants, design support and administrative personnel as we begin to get large numbers of contracts.

6.1 Personnel

CGA’s management brings to the company strong capabilities in creative flair, research, and a unique combination of skills drawn from other businesses.

Key Personnel Mr. Martin Compton is a graduate of the University of Kansas where he obtained his civil engineering degree in 1971. Since then, Mr. Compton has had extensive experience in site specific municipal, commercial and residential construction projects. This includes experience in budgeting, project oversight, resolving engineering issues, etc. In 1996 he obtained a graduate degree in geo engineering from MIT. Mr. Compton spent the last four years as the engineering geology department head with Wilson and Brown, Inc.

Mr. David Gillen graduated from Penn State University with a bachelors degree in Hydrology in 1975. From 1978-1988 Mr. Danielson worked for The USGS as a key figure in its groundbreaking National Water/Soil Suitability Survey. In 1989 he went to work for Anderson Consulting in their geotechnical division where he worked on sub-bottom acoustic profiling, tunnel and shaft rehabilitation, and designing procedures for testing ground water infiltration rates.

Financial Plan investor-ready personnel plan .">

Our financial plan anticipates one year of negative profits as we gain sales volume. We have budgeted enough investment to cover these losses and have an additional credit line available if sales do not match predictions.

7.1 Important Assumptions

We are assuming approximately 75% sales on credit and average interest rates of 10%. These are considered to be conservative in case our predictions are erroneous.

7.2 Break-even Analysis

Our Break-even Analysis is based on the assumptions that our gross margin is 100%. In other words, we will have insignificant direct cost of sales. Since each project will be of different scope, length, and complexity, it is difficult to assign and average per unit revenue figure. However, it is conservatively believed that during the first three years, average profitability per month per segment will be about $8,000. This is because we will be dealing with smaller companies at first that have smaller projects. We expect that about three projects per month will guarantee a break-even point.

7.3 Projected Profit and Loss

The following table itemizes our revenues and associated costs. We expect to be paying higher costs in marketing and advertising than other companies as we attempt to build sales volume. As the reader can see, we expect monthly profits to begin in fourth quarter of 2003 (see appendix for monthly Profit and Loss table).

7.4 Projected Cash Flow

The following is our cash flow chart and diagram. We do not expect to have any short-term cash flow problems even though we will be operating at a loss for the first nine months. Our short-term loan will be repaid in two equal payments in 2004-2005. Our long-term loan will be paid off in ten years.

7.5 Projected Balance Sheet

The following table shows the projected balance sheet for Compton Geotechnical.

7.6 Business Ratios

We have included industry standard ratios from the construction and civil engineering industry to compare with ours. These ratios are as closely matched to our industry as management could find, however there are some significant differences, especially in sales growth, financing ratios, long-term asset investments and net worth. However, our projections indicate a healthy company that will be able to obtain and retain long-term profitability.

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So you want to work in automotive engineering.

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Automotive engineering is one of today’s most exhilarating engineering industries. Want to design a car that will be driven in a Formula 1 race? Want to help develop the next electric vehicle? Then automotive engineering may well be the field for you!

What is automotive engineering?

Automotive engineering is a branch of vehicle engineering where vehicles and its components are designed, developed, produced, and tested, from the conception stage to the production stage. Because so much goes into building a vehicle, engineers are needed in countless areas, from designing the body of the vehicle and programming its computers, to ensuring safety tests are passed and costly vehicle recalls avoided.

Why would anyone want to work in automotive engineering?

Automotive engineering can be a challenging yet rewarding field. Vehicles have thousands of parts and are expected to perform in a variety of environments, so there are a lot of challenges when designing and producing them. It’s an amazing feeling when an automotive engineer finally solves a problem they were stuck on for months!

Something that interests many automotive engineers is that they get to work on something that will be used by millions of people. There are an estimated 1.4 billion cars in the world, and that number will only continue to grow. Seeing a vehicle that they worked on being driven gives automotive engineers a sense of pride.

Some engineers also like the prestige that comes with working for companies that are revolutionizing the industry, such as Tesla or General Motors. Being at the forefront of innovation is an incredible feeling!

Starting a career in automotive engineering

Completing a four-year degree in a relevant engineering discipline is usually the first step towards a career in automotive engineering. Engineering disciplines typically involved in the industry are automotive engineering, mechanical engineering , electrical engineering , and materials engineering. Automotive engineering is a specialized industry, so only a few schools offer degrees specifically in automotive engineering.

Another good way to enter the industry is to pursue a two-year diploma in the automotive industry and then pursue a four-year degree. This path provides more hands-on experience than many four-year degrees. Relevant programs include auto body technician, automotive service technician, or mechanic.

You can find several opportunities to learn more about the industry in your community or at your university. Some universities have racing teams, where students design racecars and compete in a race. Industry professionals often attend these races, making them a great way to get your foot in the door with some companies you might want to work with. Joining a club or getting together with people who share an interest in cars is another great way to gain exposure to the automotive engineering industry before you graduate.

Many companies such as Tesla or Volkswagen offer automotive engineering internships, making them a perfect way to enter the automotive industry. These positions can last anywhere from a few weeks to over a year. Finishing a position at an automotive company puts you right at the top of the list to be rehired as a full-time employee once you graduate. You also get to work on real-life engineering problems in an exciting industry.

Professional associations related to automotive engineering

The most well-known international professional associations for automotive engineering are the Society of Automotive Engineers (SAE International) and FISITA (Fédération Internationale des Sociétés d'Ingénieurs des Techniques de l'Automobile).

There are also many regional and national automotive engineering professional associations, including the Automotive Industry Action Group (United States) and Verband der Automobilindustrie (Germany). These associations serve to further the knowledge and understanding of automotive engineering among its members and to advance the industry’s interests. Many of these associations also offer professional development training and host conferences, making joining them a great way to learn more about the industry.

A day in the automotive engineering industry

No two days working in the industry are ever the same. What you might be doing in the industry mostly depends on your engineering background and the company you work for. Most automotive engineers are employed by vehicle manufacturers. Other employers include motor sports teams, research and test labs, tire manufacturers, automotive part suppliers, and fuel companies.

Think about computer engineers as an example. They don’t take mechanical design or aerodynamics courses, for example, so they don’t have the education or background necessary to properly design the chassis of a vehicle. They might instead be working on the digital processing systems for autonomous vehicles. These systems can be used so that an autonomous driving system can recognize and avoid pedestrians. Parts or sections of a vehicle are generally split into projects. Automotive engineers can come from a range of engineering backgrounds, so they can be assigned to vastly different project teams. One team might be working on a braking system, for example, while another is designing a gear train.

Common tasks performed by automotive engineers include project management, which includes budgeting, scheduling, and resource allocation; building and testing component prototypes, using modelling software to design parts; and analyzing test results and data. No matter what you’re working on, the automotive engineering industry will keep you busy with interesting, hands-on work. There’s something to do in the industry for engineers with all kinds of interests!

Job prospects

The United States Bureau of Labor Statistics does not specifically list job prospects for automotive engineers. One of the closest professions, mechanical engineers , will experience a projected job growth of 4% between 2019 and 2029. The other closest profession, materials engineers, will experience a projected job growth of 2% between 2019 and 2029.

As the global population grows and the world shifts away from gasoline vehicles, more vehicles will be needed than ever. More automotive engineers will be needed to design and produce these vehicles. General Motors, for example, has a goal to become carbon neutral by 2040, so many more automotive engineers will be needed to design electric vehicles.

The automotive engineering industry is one well worth checking out. A lot goes into designing and producing a vehicle, so there is something that will interest engineers from all kinds of backgrounds. The industry continues to grow with a growing global population and a shift towards electric vehicles, so job prospects for engineers in this industry will increase significantly in the coming years. If you’re looking for a challenging, rewarding career in a fast-paced industry, automotive engineering might be for you!

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Top 30 Engineering Job Titles [with Descriptions]

What are the best Engineering job titles for you and your team? I reviewed 265 Engineering titles searched for by candidates (and employers!) to find the best titles for you to choose from. This is the latest chapter in Ongig’s series called  Job Titles: The Definitive Guide .

In this article, you’ll find:

• Types of Engineering — 15 types of engineering with examples of top companies currently hiring these types of engineers.
• Engineering Hierarchy — The standard org chart for Engineering department positions with examples from each of the major 6 Engineering levels. I include examples of top employers and what they call their titles.
• The Top 30 Most Searched-For Engineering Titles — A column chart of the top 30 Engineering positions that candidates search for on Google.
• 22 Engineering Job Titles and Descriptions — A list of the top 22 Engineering job titles and descriptions that employers request.
• Funny Engineering Job Titles – A few funny job titles we found for engineers.

What are the types of engineering?

There are many hundreds of job titles when recruiting engineers. Here are 15 top engineering disciplines with examples of companies hiring engineers for them:

• Aerospace Engineering (NASA)
• Biomedical Engineering (Kaiser Permanente)
• Chemical Engineering (Tesla)
• Civil Engineering (Department of Energy)
• Computer Engineering (AT&T)
• Data Engineering (Salesforce)
• Electrical Engineering (General Electric)
• Environmental Engineering (Chevron)
• Hardware Engineering (Apple)
• Network Engineering (Pinterest)
• Manufacturing Engineer (Amazon)
• Mechanical Engineering (Facebook)
• Quality Engineering (Honeywell)
• Robotics Engineering (Postmates)
• Software Engineering (Google)

Developer vs Engineer

A quick note on software engineering. Although the companies above hire engineers, some also hire developers.We have found that these job titles can be used interchangeably . You can read more about the developer vs engineer debate in our  top 50 software developer job titles  blog. 

For this blog, we decided to focus on job titles with the word “engineer” or “engineering” in them. Now, let’s have a look at a typical org chart of engineering job titles.

Engineering Hierarchy

Below is an engineering hierarchy chart with top seniority listed at the top down to entry-level jobs at the bottom:

• Chief Engineer –  Chief Engineering Officer, Head of Engineering,
• VP Engineering – Vice President of Engineering, Engineering Executive, VP Software Engineering
• Director of Engineering – Principal Engineer, Lead Engineer, Director Engineering
• Engineering Manager – Software Engineering Manager, Engineering Program Manager, Manager of Engineering, Principal Software Engineering Manager, Senior Engineering Manager
• Individual Contributors – Software Engineer, Network Engineer, Mechanical Engineer, Quality Engineer, Electrical Engineer, Engineer, Data Engineer, Product Engineer, Manufacturing Engineer, Engineering Technician
• Entry Level – Engineering Intern, Apprentice Engineer, Engineering Aide, Engineering Clerk, Entry Level Engineer, New Grad Engineer, Junior  Engineer.

Here’s a longer list of titles by each row of the pyramid with little more texture on each:

Job Titles for Engineering Leaders

Top engineering leaders do not always have the word “engineer” in their title. At Adobe, the Chief Information Officer, Abhay Parasnis, is responsible for leading the engineering department. The current Chief Technical Officer at Siemens, Ankur Rawat, leads the engineering team and is an engineer himself.

Below are the top 5 titles I found candidates and employers using for Engineering leaders.

• Chief Engineer (Lockheed Martin)
• Head of Engineering (Airbnb)
• Chief Engineering Officer (Salesforce)
• Chief Information Officer (CIO)
• Chief Technical Officer (CTO)

VP of Engineering Titles

Here are the top titles I found candidates and employers using for Engineering Vice President titles:

• VP Engineering (FitBit)
• Vice President of Engineering (Zazzle, Inc.)
• VP of Engineering (HPE)
• Engineering Executive
• Vice President Engineering (Yelp)
• VP Software Engineering
• Vice President Software Engineering
• Executive Vice President of Engineering (Zendesk)

Director of Engineering Titles

Here are the most used Engineering director titles:

• Director of Engineering (Glassdoor)
• Principal Engineer (Automattic)
• Lead Engineer (Magic Leap)
• Director Engineering (Instacart)
• Director of Software Engineering (Salesforce)
• Systems Engineering Director
• Director of Mechanical Engineering (Samsung)
• Director of Manufacturing Engineering (JUUL Labs)
• Civil Engineering Director

Engineering Manager Titles

There are numerous Engineering Manager alternative titles to use. Here are the top job titles I found candidates and employers using:

• Engineering Manager (Redfin)
• Software Engineering Manager (Zillow)
• Mechanical Engineering Manager (Lyft)
• Industrial Engineering Manager (Ulta Beauty)
• Sales Engineering Manager (Google)
• Manufacturing Engineering Manager (Tesla)
• Electrical Engineering Manager (Northrop Grumman)
• Senior Engineering Manager (HPE)
• Civil Engineering Manager (Shell)
• Engineering Program Manager (Apple)
• Design Engineering Manager (DoorDash)
• Project Engineering Manager (Duke Energy)
• Automation Engineering Manager (Facebook)
• Manager of Engineering (Splunk)

Individual Contributor Engineering Titles

When you get to the individual contributor level of Engineering positions, there is more granularity. Here are the top 25 I found candidates and employers using:

• Software Engineer (Elastic.co)
• Network Engineer (Pinterest)
• Mechanical Engineer (JUMP Bikes)
• Quality Engineer (Honeywell)
• Electrical Engineer (Samsara)
• Engineer (Google)
• Data Engineer (Salesforce)
• Product Engineer (Y Combinator)
• Engineering Technician (Tesla)
• Machine Learning Engineer (Facebook)
• Chemical Engineer (Duke Energy)
• Civil Engineer (Kimley-Horn)
• DevOps Engineer (Glassdoor)
• Design Engineer (Uber)
• Systems Engineer (Cloudflare)
• Computer Engineer (AT&T)
• System Engineer (TripActions)
• Automation Engineer (Apple)
• Field Engineer (Microsoft)
• Industrial Engineer (Home Depot)
• Security Engineer (Zendesk)
• Computer Hardware Engineer (Cisco)
• QA Engineer (Lyft)
• Environmental Engineer (Chevron)

Entry-Level Engineering Job Titles

Here are the top 20 entry-level Engineering titles I found candidates and employers using:

• Entry Level Software Engineer (Reynolds and Reynolds)
• New Grad Software Engineer (L3Harris)
• Junior Software Engineer (Google)
• Entry Level Network Engineer
• Junior Network Engineer (Booz Allen Hamilton)
• Engineering Intern (Red Hat)
• Entry Level Data Engineer
• Software Engineer Intern (Capital One)
• Apprentice Engineer (Linkedin)
• Junior Data Engineer
• Engineering Aide (Lockheed Martin)
• Civil Engineering Intern
• Mechanical Engineering Intern (Facebook)
• Entry Level Embedded Software Engineer
• Electrical Engineering Intern (Apple)
• Engineering Clerk (Kohler)
• Process Engineering Intern (Tiffany & Co.)
• Chemical Engineering Intern (Tesla)
• Manufacturing Engineering Intern
• Design Engineering Intern

Top Engineering Job Titles (Candidates)

Below is a list of the top 30 Engineering job titles based on Google queries we found on ahrefs .

Software Engineer is the top searched-for job by candidates and also the most requested engineering job description by employers (see Top 22 list below).

Top 22 Engineering Job Titles and Descriptions (Employers)

Below are the top 22 Engineering Job Description titles employers request on Google, according to ahrefs .

I’ve included a brief description for each as well as the # of job title searches per month by employers.

Software Engineer

A Software Engineer designs computer software. A Software Engineer is also responsible for:

• Software Development
• Software Systems Maintenance
• Software Evaluation
• Software Testing

# of job title searches per month: 4,100

Electrical Engineer

An Electrical Engineer designs and develops electrical systems and equipment. An Electrical Engineer tests and manages the manufacturing of electrical devices like phones, motors, and power equipment. An Electrical Engineer may also develop new processes or standards for electrical product manufacturing.

# of job title searches per month: 1,200

Systems Engineer

A Systems Engineer develops and implements computer network systems for an organization. A Systems Engineer is also responsible for:

• Testing Software and Servers
• Improving Systems Processes
• Upgrading Hardware
• Managing Server Workstations and Network Computers

# of job title searches per month: 1,200 ; System Engineer: 1,000; Network Engineer: 1,000

Data Engineer

A Data Engineering collaborates with the data science team to build data solutions for a company. A Data Engineer develops information processes for data management, data acquisition, data migration, and data mining. Using various programming languages, a Data Engineer create a company’s data infrastructure.

# of job title searches per month: 1,100

Project Engineer

A Project Engineer manages large engineering projects. A Project Engineer is responsible for:

• Coordinating Engineering Project Teams
• Scheduling Project Milestones
• Assessing Risks
• Acquiring Project Resources
• Off-site Project Supervision

# of job title searches per month: 1,100 ; Field Engineer: 300, Field Service Engineer: 250

Mechanical Engineer

A Mechanical Engineer is part of the design, testing, and production of various mechanical products for a company. A Mechanical Engineer develops prototypes for testing, oversees the manufacturing process, and investigates equipment failures. A Mechanical Engineer works across many industries and develops products like medical devices, electric generators, batteries, and elevators.

# of job title searches per month: 800

Quality Engineer

A Quality Engineer monitors the quality of an organization’s processes and fixes any issues that arise. A Quality Engineer is responsible for:

• Designing Quality Standards
• Testing Product & Process Quality
• Collaborating with Engineering Team to Improve Quality

# of job title searches per month: 800 ; QA Engineer: 300

Civil Engineer

A Civil Engineer supervises and designs the construction of major public works projects. A Civil Engineer monitors the construction of bridges, dams, airports, and highways and also acts as a point of contact with government officials. A Civil Engineer also creates documents for project updates and technical reports.

Manufacturing Engineer

A Manufacturing Engineer develops and improves the manufacturing process for a company by studying manufacturing and product methods. A Manufacturing Engineer is responsible for:

• Designing research programs to evaluate the manufacturing process
• Improving manufacturing efficiency by studying workflow and resource management
• Testing products after manufacturing
• Maintaining manufacturing regulatory compliance

# of job title searches per month: 700 ; Product Engineer: 350

An Engineer is a broad term for a professional who designs, builds, or maintains machines. An Engineer applies science and math principles to solve real-life problems and design products to meet consumer needs. An Engineer also tests prototypes, supervise production, estimate project costs, and monitor efficiency. The role of an Engineer may vary by industry, but has also has similarities.

# of job title searches per month: 700 ; Engineering Technician: 200

DevOps Engineer

A DevOps Engineer works with software developers and IT team members to facilitate code releases. A DevOps Engineer is responsible for:

• Improving IT Infrastructure
• Optimizing Release Cycles
• Software Automation

# of job title searches per month: 500 ; Automation Engineer: 200

Security Engineer

A Security Engineer builds security systems and firewalls to protect organizations from cyber threats. A Security Engineer conducts security assessments, conduct tests, and create reports for senior management. A Security Engineer also evaluates new security options and makes recommendations.

# of job title searches per month: 350

Computer Hardware Engineer

A Computer Hardware Engineer designs and develops the physical equipment that makes up a computer. A Computer Hardware Engineer is responsible for:

• Researching new types of hardware
• Developing hardware
• Testing hardware
• Resolving hardware issues

# of job title searches per month: 300

Chemical Engineer

A Chemical Engineer designs systems and equipment used for chemical engineering processes. A Chemical Engineer produces a variety of chemicals used for production and manufacturing like fuels, fertilizers, and pharmaceuticals.

# of job title searches per month: 250

Design Engineer

A Design Engineer creates products and systems in various engineering fields. A Design Engineer focuses on the science of how things are made and works for construction companies, research firms, product manufacturers, and government organizations.

Nuclear Engineer

A Nuclear Engineer researches and develops processes related to nuclear energy and radiation. A Nuclear Engineer is responsible for designing safe systems to use electricity and radioactive materials for the medical industry, power companies, and industrial production.

UX Engineer

A UX Engineer, also known as a User Experience Engineer, conceptualized and creates a user flow experience for customers. A UX Engineer evaluates existing applications and recommends user experience improvements. A UX Engineer also does initial studies with potential users to improve customer experience.

Environmental Engineer

An Environmental Engineer finds solutions to handle environmental waster and pollution. An Environmental Engineer applies physical, chemical, and biological principles to prevent and to solve problems related to the environment. An Environmental Engineer studies microorganisms and how they affect communities.

# of job title searches per month: 200

Chief Engineer

A Chief Engineer is the head of an engineering department. A Chief Engineer leads a team of engineers to complete different projects related to software, hardware, civil, and other engineering specialties. A Chief Engineer approves budgets, project plans, and project designs.

Applications Engineer

An Applications Engineer improves the functions of different types of software. An Applications Engineer also has an understanding of hardware and other IT solutions. An Applications Engineer works directly with a customer to identify software needs and requirements.

Database Engineer

A Database Engineer creates and manages databases for an organization. Database Engineers are responsible for:

• Building new databases
• Modifying existing databases
• Updating database requirements

Machine Learning Engineer

A Machine Learning Engineer focuses on data science models and algorithms that produce working machines. A Machine Learning Engineer is responsible for:

• Performing machine learning model testing
• Implementing machine learning algorithms
• Performing statistical analyses
• Fine-tuning algorithms
• Verifying data quality through data cleaning

# of job title searches per month: 100

Funny Engineering Job Titles

Below are some funny/creative engineering titles we’ve found.

• Director of Spam Reception  (Spam Data Engineer)
• Happiness Engineer (Support Engineer) (Automattic uses it)
• Miracle Worker (Engineer)
• Random Engineer  (Developer)…Albert Sheu, Quora Software Developer
• Software Ninjaneer (Software Engineer)

Want more funny techie job titles. Check out our  100+ Creative & Funny Job Titles [by Department & Position]  (there are 20+ funny IT titles, 13 software engineering titles and many more for sales/marketing/finance/ops, etc.

Are you a job seeker looking to upskill? Here’s some information about engineering degrees:

Choosing An Engineering Degree

With a median annual wage of $91,420 and nearly 188,000 new job openings yearly, the engineering field is projected to have above-average employment growth between 2022 and 2032, making it a pretty lucrative industry. Undoubtedly, many talented students want a seat at prestigious universities, but how do you ensure you pick the proper engineering discipline? Let’s find out.

10 Main Types Of Engineering Degrees

Here’s a brief run-through of the 12 primary disciplines for those interested in pursuing an engineering degree. There are several engineering degrees online in these disciplines for those who are already working or cannot take an on-campus program. If you aim to have an engineering career in any of the job profiles mentioned above, you will have to major in any one of the following engineering degrees:

Civil Engineering

Civil engineering encompasses secondary disciplines such as construction, mining, geotechnical, structural, and transportation engineering. The coursework involves designing plans, performing research, and developing reports of infrastructure projects from start to finish.

Mechanical Engineering

Mechanical engineering involves designing, building, and maintaining mechanical devices and systems. Based on what the engineer develops technologies or devices for, this field overlaps with others, such as manufacturing, robotics, health care, transportation, and construction.

Electrical Engineering

Electrical engineering covers the study of energy and technological development related to it. Apart from electrical power, it also teaches you about natural power sources like hydropower or wind and solar energy. You will also learn about designing, building, and maintaining electrical systems, especially large-scale ones.

Computer Engineering

A computer engineering degree involves designing, testing, and refining computer hardware or software . It combines computer science with electrical engineering; other specializations include computer architecture, security, and network engineering.

Manufacturing Engineering

The study of applying engineering principles to develop or improve manufacturing machinery, systems, or processes falls under manufacturing engineering. It also teaches how to test and use new technologies to optimize efficiency.

Environmental Engineering

The coursework for this discipline involves improving the environment using engineering concepts and other topics such as geology, environmental science, biology, and chemistry. This degree teaches you how to analyze and apply knowledge to develop solutions for water, land, or air-related ecological issues.

Chemical Engineering

Chemical engineering teaches students to understand the chemical process of developing products, materials, or substances. This also includes creating safe systems and equipment to refine raw materials for various industries, such as manufacturing, pharma, petrochemical, and food production.

Biomedical Engineering

Biomedical engineering involves advancing the healthcare industry by combining biology, medical science, and engineering. The goal is to develop medical equipment, devices, or software to diagnose or treat patients.

Engineering Management

With an engineering management degree, you learn to apply engineering principles to business to pursue management or advanced engineering roles. The purpose is to combine engineering knowledge with business strategies that help manage engineering projects, teams, operations, and other processes more effectively.

Which Is The Right Engineering Degree For You?

With so many options, needing clarification about selecting a specific discipline is common. These steps will help you determine which degree is the right fit for you:

1. Consider Your Interests: Knowing your interests and passions will help you find the optimal degree, professionally and personally. Gather feedback from your existing work and identify the areas that showcase strengths and weaknesses. 2. Know Your Goals: Your professional goals and needs significantly influence your career path. These include your salary requirements, professional values, and where you see yourself in a specific field. 3. Do your research: When finalizing some options, dig deeper into their coursework, program types, career options, etc., to determine whether they align with your goals and requirements. You should also factor in eligibility, applicant requirements, curriculum, and tuition to ensure you’re comfortable with what’s offered. 4. Ask a Mentor or Professional: If you know people in a specific field or even professors and mentors from college, contact them and inquire about their realistic view of your preferred degree. Seek out individuals who can deepen your knowledge based on their expertise.

Other Resources on Engineering Job Titles

In addition to the sources cited above, special thanks to these experts on Engineering titles:

• Alex Holderness’s article on  What’s The Difference Between a Developer and an Engineer?
• Emily Rose Prats’s article on  What Do Software Engineers Do?
• Danielle Ganon’s article on  What Does an Electrical Engineer Do?
• Pedro Martinez’s article on  What Makes a Good IT Systems Engineer?
• Vik Paruchuri’s article on  What is a Data Engineer?
• Donal Tobin’s article on  Data Engineering: What Does a Data Engineer Do? How Do I Become One?
• Learn.org’s article on  What Is a Project Engineer?
• Bureau of Labor Statistics article on  Mechanical Engineers
• Jayne Thompson’s article on  What Does a Quality Engineer Do?
• Michael Roberts’s article on  What Does a Civil Engineer Do?
• Monster.com’s  Manufacturing Engineer Job Description
• CareerBright’s article on  What Does the Job of an Engineer Involve?
• Studentscholarships.org’s article on  Engineers – What They Do
• Tivix’s blog on  What Does a DevOps Engineer Actually Do?
• Cyber Degree’s article on  How To Become a Security Engineer
• Learn.org’s article on  What Is a Computer Hardware Engineer?
• UNSW’s article  About chemical engineering
• Mary Kearl’s article on  How (And Why) to Become a Design Engineer
• Indeed.com’s article on  A Definitive Guide: What Do Nuclear Engineers Do?
• Alex Ewerlöf’s article on  Who is a “UX Engineer”?
• Daniel A. Vallero’s article  Environmental Engineer
• Betterteam’s  Chief Engineer Job Description
• Stephen Watt’s blog on  Application Engineer Roles and Responsibilities
• Crystal McKee’s article on  The Database Engineer Skills That Employers are Looking for
• Cogito Tech’s article on  What Does A Machine Learning Engineer Do: Role & Duties

Why I wrote this?

My team and I share this research on Engineering job titles to help you optimize your own titles. This supports our mission to transform job descriptions. Check out  Ongig.com  to see how our software transforms your job titles and job descriptions.

June 14, 2024 by Heather Barbour Fenty in Job Titles

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Business Plan Template for Mechanical Engineers

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Starting or expanding a mechanical engineering business requires careful planning and a solid strategy. That's where ClickUp's Business Plan Template for Mechanical Engineers comes in handy!

This template is specifically designed to help mechanical engineering firms and individual engineers create a comprehensive roadmap for success. With ClickUp's business plan template, you can:

• Outline your goals, strategies, and financial projections
• Secure funding and attract clients with a professional, well-structured plan
• Stay organized and track your progress as you grow your business

Whether you're just starting out or looking to take your mechanical engineering business to the next level, ClickUp's Business Plan Template for Mechanical Engineers has got you covered. Get started today and build a profitable future for your engineering endeavors!

Business Plan Template for Mechanical Engineers Benefits

A business plan template for mechanical engineers offers a range of benefits to help them succeed in their business ventures. Here are some key advantages:

• Provides a structured framework for outlining business goals, strategies, and action plans
• Helps identify target markets, niche opportunities, and competitive advantages
• Assists in creating financial projections and estimating startup costs
• Guides decision-making processes and helps allocate resources effectively
• Increases credibility and professionalism when seeking funding or partnerships
• Promotes a clear understanding of the business's value proposition and unique selling points
• Supports effective communication with potential clients, investors, and stakeholders
• Enables ongoing monitoring and evaluation of performance against established objectives

With a business plan template tailored specifically for mechanical engineers, you can confidently navigate the challenges of starting or expanding your business while maximizing your chances of success.

Main Elements of Mechanical Engineers Business Plan Template

For mechanical engineers looking to create a comprehensive business plan, ClickUp's Business Plan Template has got you covered. Here are the main elements you can expect:

• Custom Statuses: Track the progress of different sections of your business plan with statuses like Complete, In Progress, Needs Revision, and To Do.
• Custom Fields: Add important details to your business plan using custom fields like Reference, Approved, and Section, ensuring that all relevant information is easily accessible.
• Custom Views: Utilize five different views such as Topics, Status, Timeline, Business Plan, and Getting Started Guide to organize and visualize your business plan in a way that suits your needs.
• Collaboration Tools: Collaborate with your team by assigning tasks, adding comments, and attaching relevant files directly within ClickUp, streamlining the business plan creation process.

With ClickUp's Business Plan Template, mechanical engineers can efficiently create a detailed and well-structured business plan to drive their success in the industry.

How To Use Business Plan Template for Mechanical Engineers

If you're a mechanical engineer looking to create a business plan, you're in the right place. Follow these six steps to effectively use the Business Plan Template for Mechanical Engineers in ClickUp:

1. Define your business concept

Start by clearly defining your business concept. What services or products will you offer as a mechanical engineer? Identify your target market, competitors, and unique selling points. This will lay the foundation for your entire business plan.

Use a Doc in ClickUp to outline your business concept and gather all the necessary details.

2. Conduct market research

Before diving into the details, it's important to thoroughly research the market. Identify your potential clients, analyze their needs, and understand the demand for your services. This will help you determine the viability of your business and identify any opportunities or challenges you may face.

Utilize custom fields in ClickUp to track market research data and insights.

3. Build a financial plan

A strong financial plan is crucial for any business. Determine your startup costs, projected revenue, and expenses. Calculate your profit margins, cash flow projections, and break-even points. This will give you a clear picture of the financial health of your business.

Use the Table view in ClickUp to create financial projections and track key metrics.

4. Outline your marketing strategy

Develop a comprehensive marketing strategy to promote your services as a mechanical engineer. Identify your target audience, determine the most effective channels to reach them, and outline your marketing activities. This can include online advertising, networking events, and collaborations with industry partners.

Create tasks in ClickUp to plan and execute your marketing strategy.

5. Define your operations plan

Your operations plan will outline how you will deliver your services as a mechanical engineer. Define your workflow, identify any equipment or technology needed, and outline your project management processes. This will ensure that you can efficiently meet client needs and deliver high-quality work.

Utilize the Gantt chart in ClickUp to visualize your operations plan and track project timelines.

6. Review, revise, and refine

Once you have completed your business plan, take the time to review and revise it. Make sure all the information is accurate and up-to-date. Seek feedback from industry peers or mentors and make any necessary adjustments. Regularly revisit and refine your business plan as your business evolves.

Set a recurring task in ClickUp to review and update your business plan on a regular basis.

By following these steps and using the Business Plan Template for Mechanical Engineers in ClickUp, you'll have a comprehensive and well-structured plan to guide your journey as a mechanical engineering business owner.

Get Started with ClickUp’s Business Plan Template for Mechanical Engineers

Mechanical engineers can use the ClickUp Business Plan Template to create a detailed and organized business plan that covers all aspects of their mechanical engineering firm.

First, hit “Add Template” to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you’d like this template applied.

Next, invite relevant members or guests to your Workspace to start collaborating.

Now you can take advantage of the full potential of this template to create a comprehensive business plan:

• Use the Topics View to organize your business plan into different sections, such as Executive Summary, Market Analysis, Financial Projections, and more
• The Status View will help you keep track of the progress of each section, with statuses like Complete, In Progress, Needs Revision, and To Do
• The Timeline View will provide a visual representation of the project timeline, allowing you to set deadlines and milestones for each section
• The Business Plan View will give you an overview of the entire business plan, allowing you to see how each section fits together
• The Getting Started Guide View will provide step-by-step instructions on how to use the template and create a business plan that meets your needs
• Utilize the custom fields Reference, Approved, and Section to add additional information and categorize different sections of your business plan
• Update statuses and custom fields as you work on each section to keep team members informed of progress
• Monitor and analyze the business plan to ensure it aligns with your goals and objectives
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Generation Of Primary Business Plan Of An Upcoming Automotive Industry

Studying the recent advancements in Industrial Engineering stream, we have tried to examine the trend and behavior of an industry before it is actually commissioned and erected. A need of a detailed plan describing its whereabouts, its capacity, and behavior as well as expense in terms of area, money and parameters like marketability, budget and need of human resource is felt. So, we have tried to develop a detailed business plan according to which the future of industry can be forecasted. We have incorporated various parameters used as a tool in industrial engineering.

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process parameters, combined with lower penetration of manufacturing automation and shortage of skilled workers compared to other industries. Global buyers demand defect-free castings and strict delivery schedule, which foundries are finding it very difficult to meet. Casting defects result in increased unit cost and lower morale of shop floor personnel. The defects need to be diagnosed correctly for appropriate remedial measures, otherwise new defects may be introduced. Unfortunately, this is not an easy task, since casting process involves complex interactions among various parameters and operations related to metal composition, methods design, molding, melting, pouring, shake-out, fettling and machining. For example, if shrinkage porosity is identified as gas porosity, and the pouring temperature is lowered to reduce the same, it may lead to another defect, namely cold shut. In this work, we present a 3-step approach to casting defect identification, analysis and rectification. The defects are classified in terms of their appearance, size, location, consistency, discovery stage and inspection method. This helps in correct identification of the defects.

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Auto Repair Business Plan Template & PDF Example

• July 19, 2024
• Business Plan

Creating a comprehensive business plan is crucial for launching and running a successful auto repair business. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your auto repair business’s identity, navigate the competitive market, and secure funding for growth.

This article not only breaks down the critical components of an auto repair business plan, but also provides an example of a business plan to help you craft your own.

Whether you’re an experienced entrepreneur or new to the service industry, this guide, complete with a business plan example, lays the groundwork for turning your auto repair business concept into reality. Let’s dive in!

Our auto repair business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the garage’s operations, marketing strategy, market environment, competitors, management team, and financial forecasts.

• Executive Summary : Offers an overview of your auto repair business’s concept, market analysis , management, and financial strategy.
• Services & Location: Describes the shop’s facilities, services offered, and why its location is beneficial for customers.
• Operational Details: Outlines the operational aspects like workshop layout, equipment used, and staff roles.
• Key Stats: Presents data on market size , growth trends, and customer demographics.
• Key Trends : Highlights technological advancements and changing consumer preferences in auto repair.
• Key Competitors: Analyzes main competitors in the area and your business’s unique selling points.
• SWOT : Conducts a strengths, weaknesses, opportunities, and threats analysis.
• Marketing Plan : Discusses strategies to draw in and keep customers, including promotional activities and customer service enhancements.
• Timeline : Lists important goals and milestones from the outset through the first year.
• Management: Provides information on the auto repair business management team and their responsibilities.
• Financial Plan: Forecasts the business’s 5-year financial performance, including expected income, profit margins, and outlays.

Auto Repair Business Plan

Fully editable 30+ slides Powerpoint presentation business plan template.

Download an expert-built 30+ slides Powerpoint business plan template

Executive Summary

The executive summary is a critical component of your bike shop business plan. It offers a concise yet comprehensive view of your business within the bike retail and service market, including competitive analysis and financial forecasts. This section is crucial for attracting investors and partners, as it highlights your business’s potential and strategic plans.

A two-slide PowerPoint presentation is recommended for this summary. The first slide should detail your business model, covering the range of products and services unique to your bike shop. The second slide should focus on your management team’s qualifications and financial goals, giving a snapshot of anticipated market performance and growth prospects.

Auto Repair Business Plan Executive Summary Example

Business Overview

In the executive summary of an auto repair shop business plan, the business overview section is crucial for detailing the shop’s offerings and operational capabilities. This includes the shop’s location, facility features, range of services, brand specialization, and any additional customer-focused services.

For an auto repair shop, it’s important to emphasize the expertise in specific vehicle brands, the advanced technological equipment available, and the comprehensive nature of services offered, from routine maintenance to complex repairs. The inclusion of customer convenience features, such as loaner vehicles and service guarantees, also plays a significant role in differentiating the shop in the market.

Example: AutoFix Hub, situated in a prime automotive district, operates from a 10,000 sq ft workshop equipped with state-of-the-art diagnostic and repair tools. Specializing in European brands like BMW and Mercedes-Benz, the shop offers a full spectrum of services and stands out with additional customer conveniences like loaner vehicles and a 90-day service guarantee.

Market Overview

The market analysis section should assess the size, growth, trends, and competitive landscape of the auto repair industry. It’s crucial to provide insights into the industry’s dynamics, such as the demand for specialized repair services due to increasing vehicle complexity and the shift of consumer preference towards independent repair shops.

Understanding the competitive environment, including the presence of major chains and local service providers, is vital for identifying the shop’s market position and opportunities for growth.

Example: The US auto repair market, valued at $76.8 billion, is growing steadily. AutoFix Hub is positioned in a market with 281,000 shops, differentiating itself through specialized services for European models. The shop capitalizes on the trend of consumers preferring independent shops for better value, distinguishing itself among 7 key local competitors.

Management Team

In this section, the focus is on the background and expertise of the management team leading the auto repair shop. It’s important to highlight their experience in the automotive industry and their roles within the shop.

The management team’s qualifications are a key aspect of the business’s ability to deliver quality services and manage operations efficiently. This part of the summary should instill confidence in the team’s capabilities to drive business growth and maintain high standards of service.

Example: The CEO, a co-founder of AutoFix Hub, brings over 15 years of industry experience, including management roles at leading auto repair chains. The Lead Mechanic, also a co-founder, possesses extensive expertise in servicing European models, ensuring high-quality repair work and customer satisfaction.

Financial Plan

The financial plan overview provides a snapshot of the auto repair shop’s revenue and profit targets. It outlines the financial goals, including specifics like aiming to reach $7.8 million in annual revenue with a 23% EBITDA margin by 2027.

This section reflects the shop’s financial health and potential for profitability, taking into account market positioning, service offerings, and operational strategies.

Example: AutoFix Hub aims to achieve $7.8 million in yearly revenue with a 23% profit margin by 2027. This financial goal is underpinned by strategic expansion of services, targeting high-value vehicle brands, and leveraging the growing consumer trend towards independent repair shops for specialized services.

For an auto repair business, the Business Overview section can be effectively divided into 2 main sections:

Garage & Location

Briefly describe the garage’s physical setup, focusing on its layout, functionality, and the welcoming environment it creates for customers.

Mention the business’s location, emphasizing its ease of access and the convenience it offers to customers, such as proximity to major roads or availability of ample parking. Explain why this location is strategically chosen to attract your target clientele, considering factors like high traffic volume or lack of similar services in the area.

Services & Pricing

Detail the range of maintenance and repair services offered, from routine services like oil changes and tire rotations to more specialized repairs such as engine diagnostics, transmission work, or electrical system repairs.

Outline your pricing strategy , ensuring it mirrors the quality of services provided and aligns with the market segment you’re targeting. Highlight any service bundles, membership deals, or loyalty programs that offer added value to your customers, fostering repeat business and customer loyalty.

Make sure to cover here _ Services & Location _ Operational Details

Industry size & growth

Begin with an overview of the auto repair industry, noting its size and potential for growth. Highlight key factors like the increasing vehicle population, aging car fleets, and trends towards vehicle longevity.

Key market trends

Next, discuss current trends such as the demand for specialized services, the rise of new automotive technologies, and eco-friendly repair practices. Emphasize the growing need for expertise in electric and hybrid vehicle maintenance and advanced diagnostics.

Key competitors

A competitive analysis is not just a tool for gauging the position of your auto repair shop in the market and its key competitors; it’s also a fundamental component of your business plan.

This analysis helps in identifying your auto repair shop’s unique selling points, essential for differentiating your business in a competitive market.

In addition, competitive analysis is integral in laying a solid foundation for your business plan. By examining various operational aspects of your competitors, you gain valuable information that ensures your business plan is robust, informed, and tailored to succeed in the current market environment.

Identifying Your Competitors in the Auto Repair Industry

Begin by identifying and mapping out local auto repair shops, dealerships offering repair services, and franchises specializing in car maintenance within your vicinity. Direct competitors include shops offering similar services or catering to similar vehicle types, while indirect competitors might involve dealerships with in-house repair centers or mobile repair services.

Leverage online resources such as Google Maps and review platforms like Yelp and Angie’s List to gather insights into competitor locations, customer feedback, and service ratings. Positive reviews praising the expertise and quick turnaround at “Speedy Auto Care” highlight a strength that your competitor possesses in the market.

Auto Repair Competitors’ Strategies

A comprehensive analysis of competitors’ strategies encompasses various operational dimensions:

• Service Portfolio: Evaluate the spectrum of services offered. For instance, a competitor like “Eco-Green Auto Care” gaining traction by specializing in eco-friendly repairs and using sustainable practices signifies an emerging market trend towards environmentally conscious auto maintenance.
• Technical Expertise: Consider the technical proficiency and specialized services provided. An auto shop like “Performance Motorsport Garage” focusing on high-performance vehicle tuning might cater to a different clientele compared to a shop specializing in general repairs.
• Pricing and Packages: Conduct a detailed comparison of service pricing structures with competitors. Is your shop positioned similarly to “Affordable Auto Fixes” or more aligned with premium services offered at “Elite Car Service Centre”?
• Marketing Strategies: Analyze competitors’ marketing approaches. Are they investing heavily in digital advertising, local sponsorships, or community engagement to bolster brand visibility and customer reach?
• Customer Experience: Evaluate the overall customer journey. Perhaps “Friendly Auto Repairs” excels in customer service by offering conveniences such as online appointment scheduling, shuttle services, or a dedicated customer portal.
• Operational Efficiency: Observe technological advancements or innovative processes adopted by competitors. For example, “Tech-Forward Motors” might utilize AI-powered diagnostics or automated service reminders for enhanced customer engagement and operational efficiency.

What’s Your Auto Repair Shop’s Value Proposition?

Define your shop’s distinctive value proposition . It could be specialized services such as transmission rebuilds, a focus on superior customer service, or offering a comprehensive maintenance package with added value services like complimentary car washes or extended warranties.

Identify market gaps by analyzing customer feedback, industry trends, and unmet needs within the automotive repair sector. For instance, an increasing demand for electric vehicle maintenance might signal an opportunity for your shop to invest in training technicians for EV-specific repairs, thus addressing a niche market segment overlooked by competitors.

Tailor your approach based on location: A shop situated in a suburban area might emphasize personalized services, loyalty programs, and extended warranties to build lasting relationships with local customers. In contrast, an urban location might focus on quick turnaround times and express services to cater to the fast-paced lifestyle of city dwellers.

First, perform a SWOT analysis for your auto repair business, identifying Strengths (such as highly skilled technicians and a broad range of services), Weaknesses (like high operational costs or intense competition), Opportunities (for instance, the growing demand for maintenance of aging vehicles), and Threats (such as economic downturns impacting consumer spending on non-essential repairs).

Marketing Plan

Then, craft a marketing strategy detailing how to draw in and keep customers through targeted advertising, promotional offers, a strong online presence, and involvement in local community events.

Marketing Channels

Utilize various marketing channels to communicate your brand and services, engage with potential clients, and drive foot traffic to your shop.

Digital Marketing

• Online Presence: Maintain a professional website that showcases your services, customer testimonials, and informative content about automotive maintenance and care. Optimize your website for local SEO to improve visibility in local search results.
• Social Media: Utilize platforms like Facebook, Instagram, Twitter, and YouTube to showcase your expertise through before-and-after repair images, customer testimonials, and educational content. Engage with your audience by responding promptly to inquiries and comments.
• Email Marketing: Build an email list by offering valuable content or discounts in exchange for sign-ups. Send regular newsletters featuring promotions, DIY car care tips, and updates about new services or events.

Local Advertising

Connect with your local community through targeted advertising efforts:

• Local Publications: Advertise in local newspapers, magazines, or community newsletters to reach a wider audience. Consider sponsoring specific automotive sections or publishing informative articles on car maintenance.
• Community Engagement: Participate in local car shows, street fairs, or dealership events. Offer free vehicle check-ups or workshops on basic car maintenance to showcase your expertise and build rapport with potential customers.
• Collaborations: Partner with car dealerships, rental companies, or local businesses for mutually beneficial promotions or referral programs. Cross-promotions can expand your reach within the local market.

Sales Channels

Optimize sales channels to maximize revenue and enhance customer satisfaction.

In-Shop Sales Techniques

• Service Upgrades: Train your staff to suggest additional services or maintenance checks during customer interactions. For instance, recommending a wheel alignment with a tire change or a fluid flush with an oil change can add value to the customer’s visit.
• Retail Merchandise: Display automotive care products or accessories prominently within your shop. Educate customers on their benefits and relevance to vehicle maintenance.
• Service Packages: Offer bundled services, such as a ‘Seasonal Maintenance Package’ or ‘Pre-Trip Inspection,’ to incentivize customers and simplify their automotive care choices.

Online Sales Integration

Leverage technology for streamlined sales processes:

• Online Appointment Booking: Implement an easy-to-use online booking system on your website and social media platforms. Offer incentives like discounts or priority scheduling for online bookings.
• E-Commerce Integration: Consider selling car care products, accessories, or merchandise online. Offering package deals on services or maintenance kits can attract customers looking for convenience.
• Virtual Consultations: Provide online consultations for basic troubleshooting or pre-service assessments. This personalized approach can lead to tailored service bookings or product recommendations, enhancing the customer experience.

Membership & Loyalty Programs

Encourage customer retention and repeat business:

• Membership Options: Create membership plans offering discounted rates for routine maintenance services or exclusive benefits such as priority scheduling or complimentary check-ups.
• Loyalty Rewards: Implement a digital loyalty program where customers earn points for every service or purchase. These points can be redeemed for discounts on future repairs or merchandise, fostering long-term customer relationships.

Lastly, set up a comprehensive timeline highlighting key milestones for the auto repair shop’s launch, marketing initiatives, customer base development, and expansion goals, ensuring the business progresses with clear objectives and purpose.

The Management section focuses on the auto repair business’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the auto repair business toward its financial and operational goals.

For your auto repair business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.

The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your auto repair business’s approach to securing funding, managing cash flow, and achieving breakeven.

This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.

For your auto repair business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).

Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds

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Best Automotive Business Ideas & Examples in 2023

The automotive industry is always changing, with new technologies and trends emerging every year. If you're passionate about cars and want to start a business in the automotive industry, you'll need to stay up to date with the latest developments. That's why we've put together a list of the best automotive business ideas and examples for 2023. From car washes to auto repair shops, these strategies will help you get your automotive business off the ground and on the road to success. So rev your engines and get ready to succeed in the dynamic world of automotive business with these innovative ideas!

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List of Unique Automotive Business Ideas:

Ever dreamt of turning the world of rubber into your own gold mine? Buckle up, as we're about to embark on a thrilling journey of starting your very own profitable tyre business, filled with practical tips and inspiring success stories.

motorcycle sales

Ready to turn your passion for motorcycles into a profitable business? Buckle up and rev your entrepreneurial engines, as we guide you through the exhilarating journey of starting your own successful motorcycle sales business.

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Ever dreamed of turning your passion for cars into a profitable venture? Let's shift gears and embark on a thrilling journey of how to rev up your own successful auto parts business, one component at a time.

auto repair

Starting your own auto repair business can seem like a daunting task, but imagine the thrill of turning your passion for cars into a lucrative venture. This guide is your roadmap to successfully navigate the world of entrepreneurship and steer your auto repair business into a profitable future.

motorcycle dealership

Ever dreamt of taking your passion for motorcycles and turning it into a lucrative business? Buckle up, because we're about to guide you through the exhilarating ride of starting your very own profitable motorcycle dealership.

car repair shop

Ever dreamed of turning your passion for cars into a profitable business? Buckle up, as we're about to take you on a journey to successfully start your own car repair shop business, where every rev and repair could mean a rewarding payday.

car dealership

Imagine yourself in the driver's seat of a thriving car dealership business, raking in profits and living your entrepreneurial dream. Let's kickstart your journey to success and delve into the nitty-gritty of launching a profitable car dealership business that can take you from zero to hero!

car detailing

Ever dreamed of turning your passion for shiny, spotless cars into a profitable venture? Hold on to your bucket of car wax, because we're about to take you on a thrilling ride into the world of starting your own lucrative car detailing business.

custom car shop

So, you've got a passion for pimping out rides and a dream of turning it into a profitable venture? Buckle up, because we're about to take a thrilling journey on how to rev up your very own custom car shop business and drive it all the way to the bank!

Ever dreamt of running your own business, feeling the thrill of entrepreneurial success while making vehicles sparkle? Buckle up, because we're going to guide you on a joyride to launching your own profitable car wash business, transforming those dreams into a gleaming reality.

windshield repair

Ever thought about turning the crack in a windshield into a golden opportunity? Dive into this article and discover how you can launch a profitable windshield repair business, turning every chip and crack into your ticket to financial freedom!

Ever dreamt of being your own boss, rolling up your sleeves, and diving into the lucrative world of automotive maintenance? Let's embark on a journey together to understand how you can turn that dream into a reality by starting your very own profitable oil change business.

Ever dreamed of turning your passion for cars into a profitable venture? Let's embark on a thrilling journey together, where we'll unlock the secrets to launching and running a successful tire shop business.

small engine repair

Ever dreamed of turning your knack for tinkering with small engines into a profitable venture? Dive into this guide as we navigate the ins and outs of starting your own small engine repair business, setting you on the path to financial independence and success.

dent repair

Ever thought about turning that knack for fixing things into a profitable venture? Dive into this guide as we unravel the secrets of starting your own successful dent repair business, a journey that combines your passion, skill, and the potential for substantial profits.

Ever dreamt of running your own successful business, feeling the thrill of independence and financial growth? Let's dive into the exciting world of the towing industry, where the road to profitability is just a tow truck away!

waterless car wash

Ever dreamt of being your own boss, running a business that's not only profitable but also eco-friendly? Welcome aboard, as we embark on a journey to start your very own waterless car wash business; a venture that's as rewarding for your pocket as it is for the planet.

Ever dreamt of owning a business that's always in demand, offers great returns, and lets you be your own boss? Well, buckle up, because we're about to take you on a wild ride into the world of profitable truck wash businesses, where you'll learn how to turn your entrepreneurial dreams into a sparkling reality.

self service car wash

Ever dreamt of owning a business that practically runs itself while raking in profits? Let's dive into the world of self-service car wash businesses, where you'll learn how to turn soap suds and water into a lucrative venture.

What is the most profitable automotive business?

The most profitable automotive business can vary depending on a variety of factors such as location, market demand, and competition. Some automotive businesses that may be more profitable than others include:

• Car dealership: A car dealership can be a lucrative business if it is located in an area with a high demand for new or used vehicles and if it is able to secure a good supply of vehicles to sell at competitive prices.
• Auto repair shop: An auto repair shop can be profitable if it is able to attract a steady stream of customers, offer high-quality repair services at competitive prices, and generate repeat business through excellent customer service.
• Tire shop: A tire shop can be profitable if it is able to secure a good supply of tires at competitive prices and offer them to customers at a markup.
• Car rental agency: A car rental agency can be profitable if it is able to attract a high volume of customers, offer competitive rates, and maintain a fleet of well-maintained vehicles.

There are many other types of automotive businesses as well, and the most profitable one for you will depend on your interests, skills, and resources.

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Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

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Mechanical Engineering Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Construction & Engineering

Are you about starting a mechanical engineering firm? If YES, here is a complete sample mechanical engineering business plan template & feasibility report you can use for FREE .

Starting a mechanical engineering business is different from your average business, as expertise in this industry is required especially if you intend to be able to meet some of the expectations of your clients. The mechanical engineering industry is one with several niches such as kinematics, mechanics; robotics; drafting and structural analysis and most firms usually offer to stick to one or two niches rather than attempt to offer all the services.

Starting this business can be a bit difficult as you will also need to employ or partner with a host of mechanical engineering professionals, and also employ other proficient staff to help you run your firm and achieve your intended corporate goals and objectives.

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Another thing that would be required is a business plan. While writing a business plan might look complex, it is for this reason that a sample mechanical engineering firm business plan has been prepared below for you;

A Sample Mechanical Engineering Firm Business Plan Template

1. industry overview.

The engineering industry isn’t doing so well as demand fell due to the fall of oil prices in 2015. This action caused the industry to not only slow down but to cancel on major projects in the case of the crunch. Asides cancellation of projects, most firms in the industry also reduced its capital spending which led to a stall in the industry.

The oil price was not responsible alone for the fall of the industry as economic activities in other countries such as China which had seen a decline also contributed to the global downturn.  China has been a chief player globally as regards economic activity and infrastructure projects for at least the past ten years.

According to analysts, 2016 will still not be a good year for the engineering industry as revenues will continue to fall especially as global economy is virtually still unstable. This action will lead to a stagnation process for the industry that was previously recovering from the previous collapse it experienced in the 2008 and 2009 financial crisis.

According to a study by Commerzbank, the mechanical engineering industry in Germany was on the positive outlook as there was a slight increase of about 3% in demand for the country’s products by other nations in Europe. This means that the mechanical engineering sector in the engineering industry is growing when compared to other sectors in the industry.

China has seen stiff competition in its mechanical engineering industry from other Asian countries as more providers are also entering the market in order to showcase what they are able to offer.

According to the united states Bureau of Labor Statistics, employment of mechanical engineers will grow by 5% between the periods of 2014 to 2024. This percentage is averagely what other occupations in other industries are expected to pull.

It is however not all gloom in the industry as the sector saw a slight increase in the year 2015 and has been projected to grow another 6% in the year 2016. According to analysts, a global growth and economic stability will see an annual growth in the industry to more than 100% what it is currently is.

2. Executive Summary

Motown Mechanical Engineering Firm is a standard mechanical engineering firm that will be based in Detroit – Michigan, USA and will cover all our corporate and individual clients. We are in the mechanical engineering sector to offer production of products as well as consultancy and advisory services to our various clients.

Our vision as a company is to ensure that we get at least three major clients by the end of our second year in business and that we meet the expectations of our customers so as to ensure that they stick with our firm and also refer us to others. To achieve this, we will build excellent relationships with our clients and also build the best business structure.

Our location in Detroit – Michigan is very strategic as it is one of the mechanical engineering hubs in the country, which means that we are near to the kind of strategic clients that will give our business the boosts we need. We are also in a very conspicuous location that makes it very easy for our customers and even employees to access us.

The machineries we use in our mechanical engineering firm are those that are designed to give us optimum satisfaction by lasting for a long time and causing us to spend less on buying new machines and equipment as replacements. This means that our customers have no need to fear that their demands will not be met on time due to poor machineries.

We have the best management team as they are not only the best we could source for in relation to the size and scale of our firm but they are also determined individuals that understand our core values and are willing and committed to ensure that we attain our desired goals and objectives.

We have built the best business structure for our firm as we sourced for and recruited the best hands to help us achieve our vision. Our workers understand that we are in business to make a profit and that the closer we are to achieving our goals, the better it gets for all those involved and so they are willing to remained dedicated to our true goals.

Our facility is one that is conducive for our employees because we understand that a conducive environment breeds productivity and efficiency in the workplace. We also run a standard facility and our work ethics are of the highest standard and as transparent as possible.

Finally, our Chief Executive Officer Mr. Don Perrine is a talented entrepreneur and businessman who have the finesse and expertise required to ensure that our mechanical engineering firm attain its intended goals and objectives. He has a B.Sc. Degree in Mechanical Engineering from the University of Oxford as well as a Masters Degree in Business Administration. He is also a certified project manager and has many projects under his belt

3. Our Products and Services

Motown Mechanical engineering Firm is established with the intention of dealing in all sorts of services to its various clients not only here in Detroit – Michigan but all over the United States of America as well. In our bid to ensure that we build a bottom line that will sustain our business and allow us grow, we intend to offer several services in addition to our core service in order to create multiple sources of income.

We intend to make our profit legally and under the permissible laws of the United States of America. Therefore some of the services we intend to offer to our clients are;

• Mechanical designs
• Structural analysis
• Other services such as assistance on code compliance, litigation support, safety inspections, and operational procedures
• Consultancy and advisory services

4. Our Mission and Vision Statement

• Our vision is to ensure that we get at least three major clients by the end of our second year in business and also to ensure that we meet the expectations of our customers so as to ensure that they stick with our firm and also refer us to others.
• To achieve our vision, we will ensure that we build effective long-term relationships with our clients and also offer excellent and efficient services that will be delivered in a timely and cost-effective manner.

Our Business Structure

Having a solid business structure is very important to us and so we have set forth processes and structures that would ensure that we start off on a solid foundation and run with as less hitches as possible. This is why we are willing to go the extra mile to ensure that we get the right hands to work with us in all the available positions in our mechanical engineering firm here in Detroit – Michigan.

We are going all out to ensure that we build a professional team that are not only committed but understand our vision and where we are going to and are willing to ensure that we attain our corporate goals and objectives. Our management staffs for instance are some of the best professionals in the whole industry and have the expertise on how to ensure that we become a reckoning force nationally.

Due to the fact that we intend to offer more services than we ordinarily should, we would be employing more hands to handle the new tasks that would arise from our more services here at Motown Mechanical Engineering Firm Inc. Below is the business structure that we will build at Motown Mechanical Engineering Firm;

Chief Executive Officer

General Manager

Chief Financial Officer

Plant Manager

Human Resources and Admin Manager

Marketing Executives

Customer Service Executives

Business Development Officer

Security Guard

5. Job Roles and Responsibilities

• Drafts policies and strategies that will set the path for the organization’s future
• Meets with high level clients on behalf of the organization
• Reviews policies and modifies ineffective policies whilst ensuring that effective policies are duly implemented
• Coordinate all the departments and ensures that management staff duly understands the policies of the organization
• Takes certain important decisions on behalf the chief executive officer
• Handles all financial transactions and ensures that all transactions are in accordance to financial rules
• Monitors the revenue of the organization in order to ensure that the loan collected is fully repaid
• Prepares tax documents accurately and ensures that they are submitted to the tax authorities as at when due
• In charge of all machineries and employees working in the plant
• Ensures that machineries in plant are functioning fine
• Carries out light maintenance and repairs when necessary on behalf of management
• Conducts recruitment and carries out orientation of new employees on behalf of the organization
• In charge of employee welfare and incentive packages
• Carries out regular performance appraisals in order to rev up the productivity of the employees for the benefit of the firm
• Conducts market research in order to determine new markets for the firm
• Drafts effective marketing objectives to be used to attract clients for the firm
• Meets physically with clients on behalf of the firm
• Answers enquiries from clients with the aim of giving back accurate information about the company
• Ensures that they are updated not only on company policies but also on industry trends
• Keeps an updated and accurate database of clients on behalf of the firm
• Looks into developing new businesses in order to generate new streams of income for the firm
• Works with the marketing executives in order to understand the target market
• Carries out any other duties that might crop up
• Drives supplies and materials to and from the firm
• Ensures that materials gotten are accurate and in line with documentation
• Carries out light maintenance and repairs on the vehicle when necessary
• Ensures that the premises and properties is always secured at all times
• Monitors all activities both incoming and outgoing on behalf of the organization
• Provides beneficial security tips on behalf of the organization
• Ensures that the premises is kept clean at all times
• Ensures that cleaning supplies are always in stock
• Carries out all duties as might be determined by the human resources

6. SWOT Analysis

Due to our desire for excellence, we know how important it is for us to start and run a standard mechanical engineering firm and so we have had to engage one of the finest business consultant here in Michigan who has a deep knowledge of the business we intend going into as well as the environment from where we intend to operate from.

After looking through our business concept, the business consultant used an analysis that would allow him know how we were likely to fare in the mechanical engineering industry.

In carrying out an evaluation as we asked for, the business consultant was able to use our strengths, weaknesses, opportunities and threats to determine what we are likely to be exposed to here in Detroit – Michigan, here in the United States of America. Below is the result of the SWOT analysis that was conducted on behalf of Motown Mechanical Engineering Firm;

There are several strengths available to us as a new start-up and it starts from the services that we are offering our various customers. We fully intend to employ highly competent and professional employees who not only understand what our firm stands for but also what trends in the industry and how our firm could benefit from it.

We have a team that would b able to meet up with demands of our clients as our motto is to be able to deliver our projects in a timely manner to all our clients. We know how valuable our clients are and so we intend to ensure that we go all out to make them keep coming back to patronize us and also refer others to us as well.

Finally, our management staff and our chief executive officer have the necessary experience and qualifications that would ensure that we are able to achieve our corporate goals and objectives.

The mechanical engineering industry is a complex one and so as a start-up we would not be able to fully compete with already established mechanical engineering firms because we are limited in finances and employees. We intend to work seriously though and change our weaknesses to our strengths as soon as we can.

• Opportunities

Several opportunities are available to us in this industry and we are set to ensure that we fully tap into the opportunities available. We intend adding the robotics niche because we know that the future lies in robotics, which is another opportunity for us.

Every business faces threats at every point in time and our business is no different. We would likely be facing threats from the economy especially if it experiences a downturn which would mean that there would be fewer clients for the firm.

Also, if there is an arrival of a competitor offering same services in our same location, it will definitely affect our overall revenue. Facing threats aren’t new, but we have strategies in place to handle any threat that are likely to occur.

7. MARKET ANALYSIS

• Market Trends

Even though mechanical engineering firms can service a broad client base by offering several services, most mechanical engineering firms choose instead to specialize in a niche, whilst forming strategic partnerships with other mechanical engineering firms offering other services in order to be able to fully deliver to their customers.

Whilst this might seem counterproductive, a niche market offering is actually wise especially for a start-up who might not have all the necessary resources in which to offer a full scale of activities to its customers. Recruiting the right employees for a mechanical engineering firm can be very difficult because of the need to recruit an array of engineering professionals amongst other kinds of workers.

Most clients will only patronize the services of a mechanical engineering firm, if they know that the staffs in the firm have the necessary experience and expertise. This does not however mean that you cannot start your mechanical engineering firm with some core staff whilst partnering with another firm for staffs you might need whenever a job comes up.

Most mechanical engineering firms usually end up expanding their business models in order to offer support services such as safety inspections, litigation support, operational procedures as well as assistance with code compliance. This is often to create multiple sources of income for the firm in order to sustain and grow the company.

8. Our Target Market

Even though mechanical engineering firms offer services to a wide array of clients, restriction of the target market to just a set of clients for our firm cannot be done, which is why we have conducted a market research on the market we intend entering.

The reason for the market research is so that w would have an idea on what the clients expect from us, which would allow us know how best we can offer our services. We therefore are in business to offer our services to the following group of people;

• Government agencies
• Corporate organizations
• Other engineering firms
• Construction companies
• Aviation industry
• Transportation and auto industries
• Other mechanical engineering firms
• And other related industries

Our competitive advantage

We are a business established because of our passion for the engineering industry and the desire to bring forth standard practices through our ethical practices. We are also a firm that intends to make profit via our services and also be able to compete favorably against our competitors in the same industry globally and nationally.

To achieve all that we intend, we have laid down competitive strategies that we intend to deploy as a means of standing out in the industry.

Our intention is to be amongst the top three mechanical engineering firms not only here in Detroit – Michigan but also all around the United States of America. We will ensure that we deploy effective promotional strategies to entrench our brand in the mind of our customers.

We have the best technologies and also use the best machineries which mean that clients who place orders always get it done within time with as few hitches as possible. All our machineries and equipment all undergo intense inspection before and after use to be able to forestall any problems that might likely crop up.

We have highly trained and competent staff in our employ as we understand that having experienced and competent staff gives us an edge over our competitors because not only do they understand what our company stands for, they know how best to help us achieve our goals.

We also offer our employees a great welfare package, better than what they are most likely to get if they were working for our competitors. We also ensure that our employees get periodical trainings that will enhance not only their skills but also increase the productivity and efficiency rate for our firm.

Finally, we understand how valuable customers are to any business and so we treat all our clients with the utmost respect that they deserve. All complaints are promptly treated and all feedbacks duly appreciated. We also reward customers who are loyal to us as well as those who refer us to others.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Motown Mechanical Engineering Firm is a reputable firm that is based in Detroit – Michigan and intends to offer certain services to its intended customers from in and around its intended location.

Asides our core service, we will be adding other services as well in order to boost our bottom line and help sustain and grow our company. Therefore the several ways by which we intend to generate income for our mechanical engineering firm include;

10. Sales Forecast

Mechanical engineering firms are ones that are very vital to the economy and as such cannot be done without. Our strategic location in Detroit – Michigan is one that has us optimistic of not only generating and reaching our revenue goals but also allow us grow and expand our business in as little time as possible.

Our arrival at the sales forecast for a three year period was borne from the fact that we conducted a critical analysis of the industry and how we intended to achieve our set goals based on certain data and assumptions from the similar start-ups such as ours especially those who were located in the same location with us.

Below therefore are the sales projections that we arrived at for Motown Mechanical Engineering Firm using several assumptions;

• First Fiscal Year-: $2,000,000
• Second Fiscal Year-: $4,000,000
• Third Fiscal Year-: $8,000,000

N.B : It should be noted that the above sales projections were carried out based on the fact that certain assumptions would not change, such as there would not be a downturn in the economy or the arrival of any major competitor. Should any of these assumptions change, it would have an impact on the sales projection, which might increase or decrease depending on the positivity or otherwise of the assumptions stated.

• Marketing Strategy and Sales Strategy

Marketing is a very essential part of any business because not only does it generate awareness about the brand but it also serves to generate income for the brand. Not carefully drafting and deploying effective marketing strategies has seen to the collapse of businesses.

Since this is basically the major way to generate revenue for our firm, we have conducted a marketing research in order to identify our best to attract our target market.

We know how importance technology has come to be in the marketing process and we fully intend to use this to our advantage in our marketing strategies by creating apps and also using the internet to ensure that we create awareness for our mechanical engineering firms.

We have hired a marketing consultant who is well versed in the industry and who understands the environment we will be operating in to help us draft effective marketing strategies that will allow us be able to compete favorably against our competitors.

We would also be empowering our marketing staff in order to modify or remove ineffective marketing strategies and decide what is best for our firm overall based on our corporate core values and philosophies, whilst also positively communicating our brand to our potential and existing clients.

Therefore, the marketing and sales strategies we intend to adopt for Motown Mechanical Engineering Firm are;

• Ensure that we formally introduce our mechanical engineering firm to our potential and existing clients as well as industry stakeholders
• Throw a grand opening party to launch our mechanical engineering firm in a way to boost awareness for our firm
• Engage in direct marketing
• Place advert for our mechanical engineering firm in local newspapers, and on radio and television stations
• Ensure that we use social media platforms such as LinkedIn, Google Plus, Facebook, and Twitter to advertise our business
• Ensure that we are listed in local (yellow pages) and online directories

11. Publicity and Advertising Strategy

No matter how large scale our business might be, having the right publicity is very vital to the business as it would ensure that not only is our brand positively communicated to all our clients but that we are able to effectively compete against our competitors in the marketplace.

We have for this purpose hired a brand consultant who has knowledge about our kind of business and the environment we intend to start off in to help draft effective publicity and advertising strategies that would help create a positive awareness in the eyes of our clients not only here in Michigan but all over the United States of America.

The platforms that we intend to use in promoting and advertising Motown Mechanical Engineering Firm here in Detroit – Michigan are;

• Sponsoring projects in the local community in which we are based
• Use corporate social media platforms like LinkedIn, Google Plus, Facebook and Twitter to generate the right awareness for our mechanical engineering firm
• Placing of adverts in local newspapers as well as on radio and television stations
• Install our bill boards in strategic locations all around Detroit – Michigan in order to raise awareness locally about our services
• Distribute our handbills and fliers in target locations
• Promote our activities vi our official website as well as on other related blogs and websites

12. Our Pricing Strategy

Setting the right rates for our services will depend on a whole lot of factors such as what our overhead costs and operational costs are, what our competitors are offering and what is fair to our customers while allowing us make a profit as we should.

Setting the right rates for our services will mean we employing the right strategy that will allow us get the detailed rates that we will eventually come to charge our customers. In view of this, we intend to charge rates much lower than what is ordinarily obtainable in the industry for at least three months.

The idea behind this is that we will be able to attract the customers we would need for our business, which would allow them see what we have to offer. We however will not offer ridiculous prices in such a way as to cause a price war between us and our competitors.

Having looked critically at the rates we will be offering during this period, we would however like to point out that even though we would be running on a low profit margin for this period, we would not be incurring any loss whatsoever for our firm.

• Payment Options

Due to the diverse offerings that we intend to offer at Motown Mechanical Engineering Firm, it will allow us to have attract different customers to our firm who will have diverse preferences for how they which to pay for the services we would be offering.

This has enabled us to come up with different payment options. The payment options that we therefore intend to offer all our various customers are;

• Payment via check
• Payment via bank draft
• Payment via online payment portal

The above payment options which we came up with were carefully chosen by us after considering what will be good for our clients and for us eventually. The platforms will be without any hitches whatsoever.

13. Startup Expenditure (Budget)

Mechanical engineering firms are complex businesses because it not only require professionals but also need strategic partnerships with other firms, which is why in generating capital for the firm, there are a lot of things that need to be put under consideration.

Therefore, after generating our capital, it should be noted that the bulk of the capital will definitely go into procuring equipment, paying employee salary and leasing a facility. Therefore, the key areas where we intend to spend our start-up capital on are;

• Total fee for registering the business in the United States of America – $750
• Obtaining of licenses, permits and accounting and customer management software – $5,250
• Cost of hiring several reputable business consultants and payment for a business plan – $20,000
• Insurance coverage (general liability, asset insurance, equipment insurance and workers’ compensation) – $5,000
• Cost of purchasing several equipment and machinery – $500,000
• Operational cost for the first 6 months (payments of employee salaries and utility payments) – $300,000
• Cost of leasing a facility for use at six years and carrying out renovations – $300,000
• Marketing promotion expenses (grand opening party promotion and general marketing) – $20,000
• Other start-up expenses (furniture, stationeries, computers, printers, and phones) – $9,000
• Cost of purchasing one transport truck – $55,000
• Cost of launching a website – $1,000
• Cost of throwing a launching party – $5,000
• Miscellaneous – $10,000

From the above analysis, we would need the sum of $1,231,000 if we intend to not only start but successfully run our mechanical engineering firm here in Detroit – Michigan.

Even though the amount is quite average, it should be noted that the bulk of the capital will go into buying heavy machineries and equipment for use; leasing and renovating a facility and furnishing it, purchasing a truck as well as payment of employee salaries utility bills.

Generating Funding / Startup Capital for Motown Mechanical Engineering Firm

Motown Mechanical Engineering Firm is owned by a foremost mechanical engineer and businessman, Mr. Don Perrine, who has over 20 years experience in the engineering industry as well as in the business sector. Don intends to source for funds from various sources in order to be able to generate the needed capital for his business.

Some of the sources where he intends to generate the required funds for his business are;

• 30% of the total capital from sale of personal stock
• 70% of the total capital from the commercial bank

N/B : From the sale of his personal stock, he was able to generate the sum of $369,300. The bank which Mr. Don Perrine has approached has agreed to lend him the sum of $861,700 after looking through his business plan. The bank loan will be repaid after 7 years with a 2.5% interest rate.

All the loan documents have been signed and approved, and the money would soon be credited to the company account before the end of the work week.

14. Sustainability and Expansion Strategy

Sustaining a business in order to grow and expand it is very vital and as such we have carried out measures to ensure that our mechanical engineering firm is effectively sustained. The measures we intend to deploy in implementing our sustainability are business structure, customer loyalty and re-investment strategy.

Building a solid business structure is very important to us because we would like to do away with any hitches whatsoever in the bid to offer our services to our clients, and to this effect, we are sourcing for and hiring professional and competent employees.

Our employees are not only professionals; they also understand our corporate values and objectives and are willing to work to ensure that we are able to achieve them. We would be offering our employees the best welfare packages better than what similar mechanical engineering firms are offering their own employees.

Also, we would ensure that we conduct periodical trainings for our employees in order to not only enhance their skills but also to ensure that that productivity rate for our firm is increased.

Having loyal customers is very important to our business knowing our customers can make or mar a business, and so we would ensure that we treat our customers very well and give them the attention that they deserve. All our staffs understand this and have been trained to ensure that all our customers are satisfied with our every service.

Finally, we intend to re-invest 30% of our profit back into the business as we know that this will help us have a strong bottom line that will be highly beneficial to our business and allow us suitably expand our services which will in turn bring in more earnings.

Check List / Milestone

• Business Name Availability Check: Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Conducting feasibility studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party / launching party planning: In Progress
• Establishing business relationship with vendors – wholesale suppliers / merchants: In Progress
• Purchase of trucks: Completed