For my final Honors Experience, I wanted to take the opportunity to combine my two separate degree interests, and tackle an engineering and a business problem. The best way to do this (in my opinion) is through a machine shop business plan. Though this will certainly be more business than engineering focused, investigating what exactly goes into running a technical-driven business is something I would love to know, especially because one day I may decide to start my own business.
Throughout this experience I have learned so much about business, how to write a business plan, and how difficult it is to turn a profit as a small business. I have found through my co-op experiences that the number one biggest thing that machine shops lack is a speedy way to deliver the finished product in business crisis situations. So, delivery will be an included option in my business, so as soon as the part is complete, it can be rapidly delivered to local organizations. This will be expensive and difficult to implement, but it will allow me to differentiate my organization from the competition and also allow me to charge a premium for such a unique service.
Please take a peak at my business plan below!
Throughout this experience I have learned so much about business, how to write a business plan, and how difficult it is to turn a profit as a small business. I have found through my co-op experiences that the number one biggest thing that machine shops lack is a speedy way to deliver the finished product in business crisis situations. So, delivery will be an included option in my business, so as soon as the part is complete, it can be rapidly delivered to local organizations. This will be expensive and difficult to implement, but it will allow me to differentiate my organization from the competition and also allow me to charge a premium for such a unique service.
Please take a peak at my business plan below!
brinkermachine_business_plan.docx | |
File Size: | 119 kb |
File Type: | docx |