Mechanical Engineering Business Success Stories [2024]
Looking to leverage your technical skills? Start a mechanical engineering business. This involves providing engineering solutions, designing mechanical systems, and offering consulting services to various industries.
Mechanical engineering businesses tackle real-world problems by developing machinery and systems that improve efficiency and safety. Whether working on projects in automotive, aerospace, or manufacturing, the scope for innovation is immense.
Imagine solving complex mechanical issues and seeing your designs come to life. It’s challenging work that requires a strong foundation in engineering principles, project management, and client relations. Your efforts can lead to the creation of groundbreaking technology and substantial improvements in everyday products.
Taking this route offers not just financial rewards but also the opportunity to make a tangible impact. With persistence and expertise, you could build a reputable business that stands at the forefront of technological advancements.
In this list, you'll find real-world mechanical engineering business success stories and very profitable examples of starting a mechanical engineering business that makes money.
1. Machinery Partner ($4.8M/year)
Ciaran, the founder of Machinery Partner, came up with the idea after realizing the large service gap between machinery dealers and customers in the heavy equipment industry. He saw an opportunity to digitize the industry and started reaching out to end-users to recruit more dealers, boosting revenue by 47% in just 18 months. Inspired by active Facebook groups and the trust-building power of content, Ciaran launched Machinery Partner and has since sold nearly half a million dollars worth of machinery per month, with plans to raise financing for rapid growth.
How much money it makes: $4.8M/year
How much did it cost to start: $25K
How many people on the team: 6
Machinery Partner's founder Ciaran made almost $500k in machinery sales last month targeting small to medium-sized contracting businesses in the US and aims to become the go-to digital dealership for heavy equipment, with its standout quality being accessible remotely, delivered directly from manufacturers.
2. BRCHN Design House ($480K/year)
Sam Birchenough, driven by a childhood passion for building and taking things apart, founded BRCHN Design House in 2015, enduring six months of zero income and $35,000 in debt before turning the business into a success, with current monthly revenues between $20,000 and $80,000.
How much money it makes: $480K/year
How much did it cost to start: $1K
How many people on the team: 1
This case study outlines how BRCHN Design House went from starting with no revenue to bringing in $20,000 to $80,000 monthly, by developing an efficient product design process, leveraging networking opportunities, and retaining clients through exceptional service.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.