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Showing posts from April, 2020

Top 15 Profitable Mechanical Engineering Business Ideas

Are you a mechanical engineer? And searching for profitable mechanical engineering business ideas to start entrepreneurship? Find here 15 most profitable mechanical engineering business opportunities for your ready reference. Mechanical is a lucrative stream in the engineering career for the students. And after getting the degree, mechanical engineers can choose both the job or entrepreneurship career in the professional life. As you become an expert in the mechanical field, you can open a business in the both light or heavy engineering segment. However, here we have compiled a list of mechanical engineering business ideas that demand comparatively small capital investment in starting. List of 15 Business Ideas in Mechanical Engineering Field https://www.evernote.com/shard/s554/sh/0d959322-c8df-e655-6cf0-3d1c15d81b94/0ed52ce9f93a66de746f29bb0a1e5147 #1. Aluminum Door Window Manufacturing & Fabrication Aluminium door window and other aluminium fabricating products are ...

Why Business Is Booming For Auto Repair Entrepreneurs

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Editor's Note:  This article is part of Inc.'s weekly report on business niches in partnership with financial information company Sageworks. Auto repair entrepreneurs have been watching higher profits roll in for more than a year. In the face of a still-sluggish economy, Americans are holding onto their vehicles longer and driving them farther. That's creating plenty of opportunities for repair shops, which saw nearly 7 percent year-over-year sales growth during 2014.  The average age of vehicles on the road is near a historic high of around 10 years, according to General Motors North America president Alan Batey. For many auto owners, that means an occasional trip to a repair shop. “An automotive repair shop is a little like a physician’s office in that, if you have a car, at some point you will need an oil change, tires rotated or something like that," says Sageworks analyst Libby Bierman. "It’s not as mandator...

Think Your Auto Repair Business Isn't Going to Change Dramatically?

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All great companies have one thing in common: They realize industries and consumers need change, so they follow their customers. Apple provides a great example. As we all know, when Apple started they were a computer company, but when that industry began to decline, Steve Jobs was able to see that his targeted customers were investing in music. This is why Apple Computers became Apple Inc., is why they reached a point a few years ago where their online music sales exceeded their computer sales, and is why today they are in the mobile device business. In essence, they transformed to meet the needs of their customers. IBM and American Express are other great examples. I'd like to offer some auto repair industry analysis that explains why your business is no different. Over the decades the auto repair business transformed from a “we fix anything” business that rebuilt every component into an industry that installed remanufactured parts. We then transformed from a repair indust...