Electrical and Electronics 10, Electrical 20, 30, Electronics 20, A30, B30
ELEC85B
Module 85B: Electrical and Electronics Business Opportunities (Optional)
Outcome
Investigate business opportunities in the electrical and electronics industries.
Indicators
(a) | Research the types (e.g., retail and wholesale outlets, electrical contractor and manufacturing) of business opportunities available in the electrical and electronics industries. |
(b) | Explore electrical and electronics-related business opportunities in sectors such as agriculture, mining, power generation, communications providers and construction. |
(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 electrical and electronics industries. |
(e) | Research the requirements (e.g., registering business name, collecting and remitting taxes, licensing and 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, journeyperson and Red Seal) 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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