44 Mechanical Engineering Business Ideas [2024]

Updated: November 8th, 2023

If you are a mechanical engineer and are thinking about starting a business, this article will help you to find the best one.

We will explore some of the most popular business ideas for engineers, such as engineering consulting and engineering design services. We will also look into more specific ideas for your skillset, such as CAD design services or robotics manufacturing.

This article is not about how to start a business. It’s about how to choose the right type of business for your skillset.

Here are 40 business ideas to help you find the perfect one:

1. Start a CAD designing business

A CAD designer is a professional who specializes in Computer-Aided Design. They use CAD software to create designs for clients and projects.

The CAD design industry has been growing at a rapid pace over the last few years. As a result, the need for 3D modeling and rendering services has risen dramatically in recent years, with many industries looking to CAD designers for their expertise and creativity.

A good CAD designer should have a wide range of skills that will allow them to work on projects from start to finish, from initial concept through final production.

How much you can make: $8,000 — $20,000/month

How long does it take to build: 180 days (?)

2. Start an electronics repair business

The electronics industry itself is worth more than $2 trillion. And electronics repair is a lucrative business that can be started with little to no money.

One of the most important things an electronics repairman must do is to make sure they have the right tools and equipment for the job. This will include everything from soldering irons, wire cutters, screwdrivers and more. A good way to save money on these tools is by buying them used or refurbished.

It's also important for an electronics repairman to have a solid understanding of how electronics work, including the basics of circuit boards and electricity, so they can troubleshoot problems and fix them as efficiently as possible.

How much you can make: $4,000/month

Time commitment per week: Min. 5 hours/week

3. Start a waste management business

Waste management is a booming industry with a lot of potential for growth. Waste management companies are in charge of collecting and transporting waste from households, business areas, and other sources. They also collect recyclable materials and sell them to recycling centers.

The market for waste management is huge, but it may be difficult to enter due to the high capital requirements. However, if you have the resources and expertise, there's a lot of opportunity to make it big in this industry.

How much you can make: $4,000 — $37,000,000/month

How long does it take to build: 345 days (?)

Explore 4 Waste Management Business Success Stories

4. Start an auto repair business

Many people just love to tinker with, fix and repair cars. This is an all-consuming hobby for some people. They like to take things apart and figure out how things work. The process of fixing and repairing cars is almost therapeutic for them.

An auto repair business is a rewarding way to make extra money or build an entire business.

You can do it in the comforts of your own home, working around your schedule and getting paid handsomely for it. The United States automotive service market is expected to reach $75B by 2026.

How much you can make: $415,000/month

How long does it take to build: 40 days (?)

5. Start a smart home camera business

Consumers use smart home cameras to capture video of or around their homes. This can be done remotely via a smartphone. It can also be used for security purposes.

Starting a home camera business will require some investment, such as equipment, software, and other R&D costs.

The smart home camera market is on fire. The worldwide wireless home security cameras systems market size is projected to reach $18B by 2030. There's a new, exciting, and fast-growing business opportunity.

How much you can make: $1,000,000/month

6. Start a job board

Starting a job board can be a lucrative way to make money online with little to no start-up costs. The global online job board market size was $28.68B in 2019 and is projected to reach $43.39B by 2027.

It's no secret that finding a job can be tough. In today's job market, it can be tempting to give up on job hunting, but here's another option: start your own job board.

How much you can make: $1,500 — $1,500,000/month

How much does it cost to start: $250 (?)

How long does it take to build: 70 days (?)

Explore 7 Job Board Success Stories

7. Start a mechanical keyboard business

Beginning a mechanical keyboard business can be a straightforward process. These keyboards, which have a mechanical switch for each key, are built to extend durability and improve typing comfort compared to typical keyboards.

Mechanical keyboards have become exceptionally popular, spanning from budget-friendly, no-frills options to high-end, customized keyboards. After your research on the market, you will have to find reliable suppliers for mechanical keyboard components, including switches, keycaps, and PCBs (printed circuit boards). You may also need a manufacturer for assembly.

With a focus on quality and customer satisfaction, you can build a successful business in this niche.

How much you can make: $5,000/month

How much does it cost to start: $1,000 (?)

8. Start a 3D Printing Business

3D printing is a process that assembles objects layer by layer and starting a business in this industry can be a very creative venture.

You will need investment in the right equipment and materials, and the acquisition of 3D modeling and design skills. You will also need to regularly calibrate and maintain your 3D printers to deliver consistent results.

Plan how you'll handle shipping and logistics, and leverage technology to find new applications of 3D printing in all industries.

How much you can make: $42,000 — $330,000/month

How long does it take to build: 360 days (?)

Explore 4 3 D Printing Business Success Stories

9. Start a kitchen utensils business

The demand for kitchen utensils is and will be evergreen. With some capital and a planned distribution channel, starting such a business does not have to be daunting.

As you source or manufacture the utensils you want to sell, decide on your selling channels, whether through door-to-door sales, wholesale, or an online store. Set competitive prices and aim to meet a niche demand whether for a certain utensil or in a certain geographical location.

Balancing quality, affordability, and customer satisfaction will be key to the success in this business.

How much you can make: $18,000 — $78,000/month

How long does it take to build: 180 days (?)

Explore 4 Kitchen Utensils Business Success Stories

10. Start a solar panel installation business

The solar panel installation business is a growing industry. In the past decade, solar panels have become more affordable and attractive to consumers. This has led to an increase in demand for solar panel installation services.

Solar energy is one of the most sustainable and environmentally-friendly forms of energy available today. It produces no greenhouse gas emissions or other toxic chemicals that can harm the environment or human health.

A solar panel installation business should consider investing in marketing strategies that will help them reach their target audience and sell their services effectively.

How much you can make: $2,000,000/month

How long does it take to build: 120 days (?)

11. Start a maintenance and repair blog

A maintenance and repair blog is a content website or platform that covers the latest on automobiles. Running this blog, you can focus on particular vehicle makes or models, offering in-depth tutorials and tips for DIY repairs. Blog-writing is a slow process, which can also be pursued while being employed in a day-job.

As your auto blog attracts good traffic, you can branch into video tutorials, e-books, or online courses, monetizing your experience in the form of digital products. Blogs that dominate in certain niches attract lots of opportunities which can make this business a thriving online business.

How much you can make: $400/month

How much does it cost to start: $150 (?)

How long does it take to build: 12 days (?)

12. Start a mobile mechanic service

Mobile mechanic services are a great business to start in any area that needs quick repairs and service. You can do this part-time or full-time. You can work for a shop or run your own business. This setup allows you to work independently, setting your hours and choosing what areas you want to go to.

Automotive Repair & Maintenance Service Market is estimated to reach $810B by 2026. Starting your mobile mechanic service may seem crazy, but it might just be the thing you are looking for. If you dream about running your own business and having the opportunity to do something you love, then a mobile mechanic business is the right thing to do.

How much you can make: $4,000/month

13. Start a home equipment business

There are some cool things about the home equipment industry that make it an appealing business. Starting a home equipment business isn't easy. To do it properly, you need the right tools and equipment. Starting a home equipment business will definitely improve your financial outlook but you need lots of capital to start one.

Having a successful home equipment business is largely dependent upon the training and experience of the owner. Starting a home equipment business can be ideal for people who want to start a business but don't want the hassle of managing a physical location.

How much you can make: $10,000 — $65,000/month

How long does it take to build: 650 days (?)

14. Start a skills training business

It is a great idea to start a skill training business with a website-oriented online presence, aimed towards helping people learn new skills. Starting your own skills training business doesn’t require a lot of money, but it can have a significant impact on your life and others.

The global skills training market is expected to reach $47.2B by 2027. If you’re looking for financial freedom, starting your own skills training business is the way to go. Training clients and building an impressive portfolio will allow you to charge higher rates and start living the life of your dreams.

How much you can make: $1,500 — $1,600,000/month

How much does it cost to start: $2,000 (?)

How long does it take to build: 90 days (?)

Explore 14 Skills Training Business Success Stories

15. Start a tutoring business

Starting a tutoring side hustle is a great way for teachers and students to earn extra monthly income.

If you are considering becoming a tutor, find an ideal tutoring niche, and craft a tutoring website.

Then, find your tutoring clients and market your side hustle online. You can choose to offer online tutoring as a part-time or full-time engagement.

How much you can make: $1,000 — $375,000/month

How much does it cost to start: $100 (?)

How long does it take to build: 15 days (?)

Time commitment per week: Min. 5 hours/week

Explore 8 Tutoring Business Success Stories

16. Start a shipping company

A shipping company can be a great business to start. You can get the support and training that you need to run a successful small business. You may already have some of the resources at hand. This could include what you need to transport goods and a vehicle or two that you can use to get these materials from point X to point Y.

Shipping is a crowded industry. Starting your own shipping company isn't as hard as it used to be. With the explosion in eCommerce, there's an increasing demand for small package shipping. Becoming a shipping company entrepreneur has its rewards. Shipping is an area where there's a lot of potentials to earn bounties, it serves as a good source of income.

How much you can make: $20,000 — $2,400,000/month

How long does it take to build: 180 days (?)

Explore 3 Shipping Company Success Stories

17. Start a motorcycle parts business

Starting your own motorcycle parts business is a great way to earn money, meet interesting people, and see the world. If you have a genuine interest in motorcycles and a deep desire to run your own business, then starting a motorcycle parts business is an excellent career option.

A motorcycle parts business can be a lucrative business. This is because there are many parts and accessories that you can sell to your customers. You can start a motorcycle parts business with just a small investment, but it is important that you understand how much money you are willing to invest upfront before starting up your own business.

How much you can make: $600,000/month

18. Start a scrap metal business

Been eyeing that pile of metal debris gathering dust in your neighbor's garage? Discover the treasure within the trash: a scrap metal business. This venture involves collecting scrap metal, sorting it according to type, and selling it to recycling facilities or foundries.

The business requires minimal capital to start, as your primary resources are right under your nose: discarded appliances, construction waste, etc. With the rise of eco-conscious consumers, industries favor recycled materials over new ones, escalating the demand for scrap metal.

From aluminum cans to rusted iron bars, this business is all about transformation. It's labor-intensive and demands hands-on involvement, but it's a venture that recycles, conserves, and gives new meaning to the phrase 'one man's trash is another man's treasure'. A scrap metal business not only yields measurable profit but also offers the satisfaction of making a positive environmental dent in your own small way.

How much you can make: $600/month

How much does it cost to start: $5,500 (?)

How long does it take to build: 180 days (?)

19. Become an author

Becoming an author is an exciting journey that involves creating and publishing written works, such as books, novels, or articles that reflect one’s ideas, stories, or expertise.

You can establish yourself through traditional publishing routes or self-publishing, utilizing your literary skills to connect with readers and potentially earn revenue from book sales.

Traditional publishing involves submitting a manuscript to a publishing house or literary agent who will review and decide if it is suitable for publication.

On the other hand, self-publishing gives authors complete control over the publishing process, allowing them to publish their work independently and market it on their own.

You can generate income through book sales, royalties, and opportunities such as speaking engagements or workshops.

How much you can make: $200 — $9,259,259/month

How much does it cost to start: $1,000 (?)

How long does it take to build: 75 days (?)

Explore 22 Author Success Stories

20. Start a welding business

Welding is a business idea that involves using high heat to join metal pieces together. Welding is often done in the construction, manufacturing, and repair industries but can also be done for artistic projects and custom creations.

To start a welding business, you must have some welding experience and potentially obtain a welding certification. You will also need to invest in welding equipment, including a welding machine, helmet, gloves, and protective clothing.

A successful welding business requires attention to detail, safety, and a strong work ethic. It is essential to have a good understanding of different welding techniques and the properties of various metals. Having a diverse set of skills and being able to take on a variety of projects can also help to attract more customers.

This business can be a rewarding and lucrative venture for those with the skills and passion for working with metal.

How much you can make: $20,000/month

21. Start a recruiting agency

The global online recruitment market size was $29B in 2019 and is projected to reach $43B by 2027.

The best way to assess the success of a Recruiting Agency is to review what their clients say about them and the results achieved for those clients.

As a recruiter, you dream of landing your first client, but once you do, you realize it’s only the start of what you hope will be a successful business. Have you ever wondered how to start a recruiting agency business? There’s so much you can learn from books, but nothing beats getting real-world experience.

How much you can make: $100 — $320,000/month

How long does it take to build: 90 days (?)

Explore 12 Recruiting Agency Success Stories

22. Become a window manufacturer

The window manufacturer's business idea involves the production and sale of windows or its accessories for both residential and commercial uses. To run this business, you will need a production facility with the necessary equipment and materials for the product manufacturing. This can include a saw for cutting wood or aluminum, a CNC router for shaping, and various other machines and tools. You will also need a team of skilled workers to handle the production process.

In addition to production, you will also need a sales and marketing team to generate leads and close deals with customers. This may include creating a website, attending trade shows, and building relationships with contractors and other industry professionals.

One of the benefits of running a window manufacturer business is the potential for high profits. Windows are a necessary component of any building, and demand for them is consistently high. Additionally, as a manufacturer, you can offer custom window solutions to meet the specific needs of your customers.

How much you can make: $325,000/month

23. Start a solar energy business

Switching to solar energy has become the best way to save money by reducing utility bills. Are you interested in starting a business that focuses on renewable energy solutions?

A solar company can be a great business idea. You can set up a solar energy plant and sell the power to households and businesses without requiring them to purchase the entire solar energy system.

How much you can make: $600,000 — $2,000,000/month

How long does it take to build: 120 days (?)

24. Start a metal sign business

Are you looking for a low-capital metal business idea? You can start a metal signs business. Business signage includes interior and exterior signage that conveys essential information to the target customers and increases brand awareness.

You need artistic and design skills to start a metallic signage printing business. Then, you will need a reliable supply of metal sheets to create metallic business signage.

How much you can make: $800,000/month

25. Start a product assembly service

Fulfilling orders in an e-commerce business often presents a challenge due to the assembly process. An efficient solution? Starting a product assembly service. This venture involves precisely that - assembling orders for businesses that don't have the time or resources.

The concept is simple: businesses ship you their products, assemble them as required, and then either store finished goods in a warehouse or dispatch them for shipment. It’s a hassle-free process for businesses, making this service incredibly valuable. Your expertise could save them hours of manual work, allowing them to focus on their core operations.

A product assembly service also presents an extra appeal in the era of online shopping. Especially for ecommerce businesses, your service could be the difference between customer satisfaction and total chaos. Starting this venture would not only offer solutions to businesses but also steer the retail landscape towards higher efficiency.

26. Start a drain repair service

Over time, drain pipes at commercial and residences will become clogged and require regular servicing to keep the dirty water flowing. When it comes to the efficiency of drainpipes, residential and commercial property owners want to hire a reliable plumber.

To become a drain pipe specialist, you need at least a high school diploma or GED. To gain a higher skill level, you may take a degree course before joining a company for an internship to gain the necessary plumbing experience.

How much you can make: $40,000/month

27. Start a machinery marketplace

A machinery marketplace is a platform that enables small and medium-sized contracting businesses to be able to buy heavy machinery used in the construction, demolition, and recycling industry, direct from the manufacturer.

This industry can overlook these businesses when they approach dealers due to the smaller average deal value, and a marketplace bridges this gap to change how machines are bought and sold.

You can build this as a profitable business with a lean team and smart marketing.

How much you can make: $142,000 — $400,000/month

How long does it take to build: 65 days (?)

28. Start a supply chain management business

Imagine running the engine that keeps global trade and commerce moving- welcome to the world of supply chain management. This business idea encompasses the planning and execution of all processes that bring a product from the manufacturer to the consumer.

You'd be in charge of procuring raw materials, controlling production, monitoring inventory, and managing logistics for timely delivery. Picture it like being the brain of a business, systematically choreographing every move from obtaining a raw material to the point where it finally reaches a happy consumer.

The market for supply chain management services is vast and spans across multiple industries, resulting in a genuinely scalable enterprise. To operate in this essential but complex sector requires strategic thinking, an analytical mind, and solid organizational skills.

If you're someone intrigued by the nitty-gritty details that keep businesses running and hold a passion for logistics and planning, a supply chain management business might be the perfect fit for you. It's a business idea of high strategic value, yet teeming with potential for those who dare to tread this path.

How much you can make: $30,000/month

29. Become a camera manufacturer

Imagine capturing the world's most intimate moments, not behind the lens, but by making the lens. This is the delightful reality you step into when you decide to start your own camera manufacturing business.

The thriving photography and cinematography industries combined with the increasing demand for high-quality imaging devices create an opportune space for camera manufacturers. You would be at the helm of innovation, designing and assembling various types of cameras tailored for diverse uses from professional photography and filmmaking to surveillance and scientific research.

Ever-growing technology fosters an exciting landscape where new ideas can sprout, making this venture quite promising. Establishing reliable partnerships with distributors and consistently striving for technological advancements are fundamentally vital for success in this arena.

Being a camera manufacturer means furnishing artists and observers with a tool to freeze time. If you rise to this challenge, you could provide the world with its next window into captivating stories and moments.

How much you can make: $1,000,000/month

30. Become a bicycle manufacturer

The global bicycle market will reach a CAGR of 8.2% in the next decade. Leisure needs, government initiatives, and increasing health consciousness among all ages are reasons bicycles have become a popular transportation method. Experts expect that that industry will continue growing at a significant rate globally.

Starting a bicycle manufacturing business can be rewarding and profitable. To start a bicycle business, consider your target market and research the competition. Narrow down the niche, create a website, and market your business.

How much you can make: $1,000,000/month

How long does it take to build: 1230 days (?)

31. Start a car repair app business

A car repair app business is a creative way to combine technology and your mechanical engineering skills. The app is built to help connect users with local repair shops in their area through a convenient mobile accessibility.

Customers would be on top of their car's servicing needs at all times and can access its online booking system in case of emergencies. This business can be built by compiling a community-based directory of repair shops in a certain geographical location and building the relevant software to enhance its accessibility.

How much you can make: $4,000,000/month

How long does it take to build: 912 days (?)

32. Become a packing supply distributor

Consider a business where your service is foundational to the success of others. Starting a packing supply distributorship does just that. Essentially, you would procure and distribute a range of products such as boxes, bubble wraps, tapes, tags, and other packing materials to businesses.

Whether it's a blooming ecommerce brand or a bustling warehouse, businesses are always in need of quality packing supplies, making this market both vital and practical. Not only do you cater to existing businesses, but also ride on the success wave of emerging ones.

Sourcing materials from reliable manufacturers and providing them promptly to businesses, you would become a critical cog in the enterprise chain. And as green initiatives continue to grow, venturing into eco-friendly packing materials can further elevate your business impact. There's an undeniable, silent charm to being indispensable, and this business idea offers just that. Indispensability.

How long does it take to build: 240 days (?)

33. Start a security installment business

The security installation business involves providing security solutions to homes and businesses. This can include installing alarms, surveillance cameras, and access control systems.

To run this business, you will need a team of technicians trained in installing and maintaining security systems. You will also need to understand the different security technologies available and how they can be tailored to meet your client’s needs. In addition, you will need to have good customer service skills as you will be interacting with clients and helping them choose the best security solution for their needs.

There are several benefits to running a security installation business. Firstly, it is a growing industry with a high demand for security solutions. This means that you have the potential to build a successful and profitable business. Secondly, you can offer a valuable service to your clients by helping to protect their homes and businesses from potential burglaries and other security threats.

Finally, you can enjoy the satisfaction of knowing that you are helping to make a difference in your community by providing a much-needed service.

How much you can make: $1,000,000/month

34. Start a fitness equipment manufacturer

Are you searching for a new business opportunity that will enable you to utilize your design and construction skills? Perhaps you should consider starting a business that manufactures fitness equipment. The main requirements for succeeding in this manufacturing business are a well-equipped workshop, design and construction experience, and good marketing skills.

The fitness equipment manufactured can include weight benches, weight stands, and squat stands, just to mention a few. Once the fitness equipment is constructed, selling can be wholesale to national and specialty retailers or directly to the public via a factory direct showroom or the Internet.

How much you can make: $240,000 — $771,000/month

How long does it take to build: 120 days (?)

35. Become an eBay seller

eBay sellers sell new and used clothing, electronics, books, collectibles, and other items on eBay. If you are new to the eBay marketplace, it is best to start slowly, learn the landscape and its rules, and focus on growing your sales.

Whether you want to make some extra cash or clear out unwanted items from around the house, it is easy to get started selling on eBay.

Some things you'll need to do to get started:

  • You must choose, and source products to sell, create, and verify your eBay business account.
  • Personalize the eBay account and policies, set up payment details, and ensure you adhere to eBay rules and regulations.

Once you're up and running, you can boost your eBay sales using these marketing and promotion tools available provided by eBay.

How much you can make: $5,000/month

36. Start an online courses business

If you're a mechanical engineer, you can share your knowledge and make money by creating an online course.

Start by picking a specific area in mechanical engineering that you know well, like designing cars or understanding how engines work. Make your course interesting with videos, assignments, and helpful materials. Create a user-friendly website where people can access your course, and use social media and emails to tell others about it.

When people enjoy your course and find it helpful, they'll spread the word, and your business will grow. As you gain experience, you can even add more courses or explore other engineering topics to expand your online teaching business.

How much you can make: $500 — $500,000/month

How much does it cost to start: $2,000 (?)

How long does it take to build: 60 days (?)

Explore 6 Online Courses Business Success Stories

37. Start a generator repair service

Generators are a common prime source of power and backup. Like other electrical appliances, generators require regular maintenance and repair. Starting a generator repair shop can be a profitable venture. To start, identify residential and commercial customers who use generators and market your services. Also, target new generator buyers, and offer generator installation services.

A door-to-door generator repair service can be the best way to scale your business much faster.

38. Sell security vehicles

Starting a business that sells security vehicles is a great opportunity for anyone looking to tap into the growing demand for enhanced security measures. Whether you are looking to sell armored vehicles, surveillance vans, or any other type of security vehicle, there are many opportunities to succeed in this market.

To start this business, you will need to research and understand the needs and preferences of your target market. This will involve identifying the types of security vehicles that are in demand, as well as understanding the features and technologies that are most important to potential buyers. You will also need to establish relationships with manufacturers and suppliers to ensure access to high-quality products.

Once you have identified your target market and established your supply chain, you will need to develop a marketing and sales strategy to reach potential customers. This may involve building a website, creating marketing materials, and using social media to reach potential buyers. You will also need to invest in customer service and support to ensure you can provide a positive customer experience.

Overall, starting a business selling security vehicles is a great opportunity for anyone looking to make a difference in the world of security and protection. By understanding the needs of your target market and developing a strong marketing and sales strategy, you can build a successful business that provides valuable products and services to your customers.

How much you can make: $250,000/month

39. Start an auto electronics shop

Starting an auto electronics shop can be a great business idea for those who have a passion for cars and want to help others improve the functionality and enjoyment of their vehicles.

In this business, you specialize in installing and repairing car electronic components, such as audio systems, navigation systems, and safety features. You would also be responsible for sourcing and stocking high-quality products and offering expert advice to your customers on the best options for their specific needs.

To start an auto electronics shop, you will need to understand how these systems work and the tools and equipment needed to install and repair them. You may also need to obtain the necessary licenses or certifications to operate in your area.

One of the biggest challenges of this business will be staying up to date on the latest technology and products in the market, as well as keeping up with any changes in laws and regulations. However, if you are dedicated and committed to providing excellent service, your business has the potential to thrive and grow.

Starting an auto electronics shop can be a rewarding and fulfilling business idea for those who love cars and want to help others enhance their driving experience.

How much you can make: $1,000,000 — $1,200,000/month

40. Start an ac repair business

Research shows the HVAC market will grow at a CAGR of 6.1% and reach $82.5 billion in the next few years.

The growing construction business in major emerging economies and the ever-increasing end-user markets, such as data center markets, are some of the major factors driving the growth of the HVAC services market.

Like other electrical appliances, HVAC units break often and require regular maintenance. As a result, the demand for HVAC repair is high.

Therefore, starting an AC repair business can be profitable. To start, you need a skilled AC repair technical team. Target commercial and residential customers, and market your business online as most people search for AC repair services through the web.

How much you can make: $200,000 — $1,878,618/month

Explore 3 Ac Repair Business Success Stories

41. Start a vehicle exports business

The vehicle exports business is a potentially lucrative opportunity for entrepreneurs with a passion for the automotive industry and a desire to work internationally. This business involves purchasing vehicles from domestic manufacturers or dealerships and exporting them to foreign markets.

To run a successful vehicle export business, you must understand the global automotive market and the regulations and requirements for exporting vehicles to different countries. You will also need to establish relationships with manufacturers and dealerships to source your vehicles and with shipping companies to transport them overseas.

The benefits of running a vehicle exports business include the potential for high profits, as vehicles can often be purchased at a lower price domestically and sold for a higher price in a foreign market. Additionally, the global demand for vehicles is consistently high, providing a steady stream of potential customers.

Overall, the vehicle exports business is a challenging but rewarding venture for those who are willing to put in the time and effort to research and understand the global automotive market. With the proper knowledge and connections, this business can offer a fulfilling career in the exciting world of international trade.

How much you can make: $2,300,000/month

42. Start an aviation maintenance and repair business

Mid-sized airlines are outsourcing repairs and routine maintenance services to specialty shops, a trend set to increase rapidly. Thus, starting an airline repair and maintenance service can be rewarding if you are an aviation engineer or are interested in the business. Services of an airline repair company include inspection, general maintenance, and repair to ensure the aircraft is operational and safe.

To start an airplane repair and maintenance business, you may target private or commercial airlines looking to outsource the repair and maintenance service. If you do not have the necessary skills, you may employ skilled and experienced aeronautical engineers, look for customers, and focus on growing your business.

43. Start a small machine shop

A small machine shop is a specialized manufacturing facility that creates custom metal or plastic parts using precision machining equipment like lathes and CNC machines.

Industries like aerospace, automotive, medical, and manufacturing constantly require precision parts. Small machine shops can tap into this steady demand for custom components.

44. Become a nuts and bolts manufacturer

Nuts and Bolts Manufacturing Business is a huge sector of the USA manufacturing economy. The importance of nuts and bolts manufacturing can not be overstated as every machine tool, appliance, and vehicle that we interact with within our everyday lives uses these tiny parts on a daily basis.

Nuts and bolts are small metal pieces that are used in a variety of applications. They are typically small enough to be held with one hand, but they can also be used as fasteners.

The use of nuts and bolts is not limited to construction. In fact, the automotive industry relies on them for the production of cars, trucks, and other vehicles. The military also uses them for equipment such as tanks and other armored vehicles.

Is mechanical engineering good for entrepreneurs?

When most people think of entrepreneurs, they picture someone coming up with a new product or service and then finding a way to bring it to market. However, there is more to being an entrepreneur than just having a great idea.

In order to be successful, entrepreneurs need to be able to understand and manage the complex systems that go into bringing their products or services to life. This is where a degree in mechanical engineering can come in handy.

Mechanical engineers are trained to design and oversee the production of a wide variety of machines and products. As a result, they have the skills and knowledge necessary to manage the many moving parts that are involved in launching a new business.

In addition, mechanical engineers are often well-versed in the principles of business management, giving them another tool in their entrepreneurial toolkit. Consequently, while a degree in mechanical engineering is not required to be an entrepreneur, it can certainly give entrepreneurs a leg up on the competition.

What kind of business can a mechanical engineer start?

A mechanical engineer is someone who designs, builds, and tests mechanical devices, such as engines and tools. Many mechanical engineers work in the automotive industry, designing and testing new car models.

However, with their skillset, there are a number of different businesses that a mechanical engineer could start.

For example, they could start a company that designs and manufactures custom car parts. Or they could start a company that specializes in developing energy-efficient appliances. Another possibility is starting a business that creates prototypes for new inventions.

No matter what kind of business a mechanical engineer starts, they are sure to be successful.

How to start a mechanical engineering business?

Starting a mechanical engineering business can be a daunting task. There are a lot of moving parts, from finding the rightSpace to equipment andemployees. However, with careful planning and execution, it is possible to start a successful business.

The first step is to develop a business plan. This should include a description of the products or services offered, as well as market analysis and financial projections. Next, it is important to secure the proper licenses and permits.

In some cases, it may also be necessary to obtain insurance. Once all of the paperwork is in order, it is time to find a suitable location for the business. The next step is to purchase the necessary equipment and hire employees.

Finally, it is important to market the business and generate sales. With careful planning and execution, it is possible to start a successful mechanical engineering business.

meet the author
Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.