Mechanical and Automotive 10, A20, B20, A30, B30
Investigate business opportunities in the mechanical and automotive industry.
Indicators for this outcome
| (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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