MECH85
Module 85: Mechanical and Automotive Business Opportunities (Optional)
Outcome
Investigate business opportunities in the mechanical and automotive industry.
Indicators
(a) Research the types (e.g., service stations, dealerships and specialty shops) of business opportunities available in the mechanical and automotive industry.
(b) Explore mechanical and automotive-related business opportunities in sectors such as agriculture, leisure or heavy machinery.
(c) Investigate the advantages and disadvantages of different business ownership models, including sole proprietorship, partnerships and private corporations.
(d) Explore the role of franchises as a business ownership model in the mechanical and automotive industry.
(e) Research the requirements (e.g., registering business name, collecting and remitting taxes, licensing, zoning) for establishing a business in one’s community.
(f) Research the importance of sustainable business practices such as providing quality customer service, following environmental guidelines and employing qualified and certified personnel.
(g) Explain the advantages of and requirements for obtaining Blue Seal certification.
(h) Explain the responsibility of a business owner to employ individuals with various levels of training (e.g., apprentice, Red Seal or non-certified) and to provide quality customer service.
(i) Outline an entry level business plan that may include start-up costs, location, customer base, advertising and an exit plan.
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