Mechanical engineering is a rewarding career path for engineering students. There are many opportunities for mechanical engineers to start their own businesses. This engineering field includes the design, manufacture and operation of machines. In countries like India, SMEs in the lightweight industry can be seen as viable investment opportunities. The mechanical engineering courses give you exposure to various fields as below and one can start their business in the various fields as below:
1. Nuts and Bolts Manufacturing
Nuts and bolts are important industrial fasteners used in all machines, structures and products. They are lightweight engineering products and do not require large investments. Also, there are many small and medium-sized businesses looking for bolts and nuts in small to large quantities, so we can attract enough customers for these products. The mechanical engineering colleges in Maharashtra teach you to do nuts and bolts manufacturing and one can start a business in that
2. Solar Panel Installation
Solar panels, which convert sunlight into usable energy, are gaining a new fascination among nature lovers and environmentalists. It is the most cost-effective way to collect solar energy for industrial and domestic use. Panel installation is considered a profitable business as it yields huge profits with minimal investment and effort.
3. Product Assembly Service
This business is an assembly of products for manufacturers who want to save money while providing young entrepreneurs with the opportunity to make money. This particular contract gives you the freedom to work with multiple companies in the comfort of your own pace
4. Mechanical Engineering Consultancy Firm
In addition to the manual skills, math skills, creativity and communication skills learned in college, hands-on experience in design, testing, manufacturing, tools and machinery is required to excel in this field. As a mechanical engineering consultant, most of the tasks revolve around solving problems in real-world scenarios. There are many companies looking for consultants to assist them with their engineering services.
5. Supply Chain Management
Supply chain management pays well. This refers to various activities such as manufacturing, designing, transporting and quality control of raw materials for the final product and distribution of the final product to the final customer. Your role here is to help manufacturers make their supply chain processes easier and smoother by developing cost-effective methods.
6. CNC Machining Business
CNC Machining is a process that involves the use of computers to control machine tools used in the manufacturing sector. CNC machines are not cheap. A lathe alone can cost thousands to tens of thousands of dollars, and many stores have multiple units. Still, there are ways for business owners to keep their start-up costs relatively low. It is also possible to start a CNC machining business at a fraction of the cost. Second, business owners don’t need a lot of equipment or top-of-the-line equipment to begin with. For example, Todd Add-on started his shop with just a mill and a lathe and later added equipment. Some other business owners started with a simple lathe.
Basic equipment alone limits the amount and type of work a CNC machining shop can do, but enough basic work is available to support a small shop with only one or two machines. I can do it. In particular, there are many customers who need prototypes, and large stores often do not produce one-off prototypes.
7. E-waste Recycling
E-waste is an abbreviation for Electronic Waste. That is, the junk that comes from broken, outdated, superfluous electronics. Also, people might call it electronic scrap.
These electronic devices often contain toxic chemicals and hazardous materials. Failure to properly dispose of these electronic devices can introduce toxic substances into the environment. E-waste recycling refers to the reprocessing and reuse of this E-waste. It is easy. This is a process aimed at recovering materials from electronic waste. This way they can be used in new electronic products. This e-waste can take the form of home appliances such as air conditioners, televisions, electric stoves, air conditioners, heaters, DVDs, fans, microwave ovens and radios. It may also come in the form of IT equipment such as computers, laptops, mobile phones, batteries, hard drives, circuit boards, monitors, etc. E-waste recycling is one of the hottest topics in the world today due to its potential to reduce environmental hazards and pollution. There is also the fact that it protects the lives of humans and other life forms existing on the earth. E-waste recycling is the reuse and reprocessing of all types of electrical and electronic equipment that is discarded or considered obsolete-waste recycling is on the rise and was initiated primarily to protect human and environmental health due to the widespread environmental impact of his E-waste. The mechanical engineering courses after 12th focus on e-waste recycling.
8. Machinery Designing
Those who want to make quick profits are always the most profitable business distributors and can invest in this sector with huge ROI.Excavators, hydraulic machines, laminating machines, decided to sell earthworking machines and blow molding machines. Distributors and Dealers of Agarbatti Making Machine, Textile Machine, Industrial Machine, Machine Parts, Woodworking Machine, Edm Machine, Soda Machine, AAC Block Making Machine, Chapati Making Machine, Cashew Processing Machine, Paper Bag Making Machine, Fly Ash Brick Machine , knitting machines, sewing machine parts, looms, etc. Equally rewarding is the inclusion of a distribution business for machinery for food processing and other industries.
9. Machinery Distribution
Man became a slave to his greatest invention, the machine. Those who want to make quick profits are always the most profitable business distributors and can invest in this sector with huge ROI.Excavators, hydraulic machines, laminating machines, decided to sell earthworking machines and blow molding machines. Distributors and Dealers of Agarbatti Making Machine, Textile Machine, Industrial Machine, Machine Parts, Woodworking Machine, Edm Machine, Soda Machine, AAC Block Making Machine, Chapati Making Machine, Cashew Processing Machine, Paper Bag Making Machine, Fly Ash Brick Machine , knitting machines, sewing machine parts, looms, etc.
In conclusion, we can say that after a BE in Mechanical Engineering students have many options to set up start-ups in many different domains in their field of interest.