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Engineering Career Crossroads: Consultant vs. Repair Shop Business

This project explores the financial implications of an engineer with 10 years of experience and $100,000 deciding between becoming a consultant for small engineering firms or opening a vehicle repair shop in a local mall. Brian will assess the profitability of consultancy, while Evan will analyze the costs and profits of a repair shop. The data collected will include productivity, expenses, and the consultant's living standards, along with economic analysis to determine the more profitable option over a 20-year period using chapter 5 techniques.

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Engineering Career Crossroads: Consultant vs. Repair Shop Business

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  1. By: Evan Adamson & Brian Bathke Group 2 Project 2 The Proposal

  2. The Scenario • Engineer with 10 years of experience and $100,000 has 2 options. • Become a consultant for small time engineering firms. (Finds work 30% of the time for $130 dollars/hr) • Open up a vehicle repair shop in the local mall for go-karts, dirt bikes, bicycles, etc. (Will be sold in 20 years)

  3. Researchers • Brian will look into the profitability of being a small time consultant. • Evan will research the cost and profits behind opening a repair shop.

  4. Data • Data will be found through research into how productive a shop would be along with its expenses and how well an engineer can live as a consultant. • Also economic analysis will be used to analyze which over the 20 year time period will be more profitable using chapter 5 techniques.

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