starting a consultancy is pretty simple, and you might find many incentives. Reddit is where passionate communities come together for authentic exchanges about the topics that matter to them. Be generous to real workers at your company. There is a friend of mine (he was an engineer too) that got an internship in some company or institution (he wasn't allowed to disclose the name of the institution) and his job was to help with the development of a specific model of an armed drone. Do not compromise on integrity and work ethic at the beginning. You're all set, right? Finally, if you are an engineer, and want to stay one, keep your chops. This all sounds like being a dick. Such institutions are not present in Canada however the atmosphere in Turkey is very different. Know your customers. Damn thats really good advice. Great experience. Make sure this person works at a company or is NOT working for the government. What I had to think of while reading your reply. Cultivate good outsourcing. As your company grows, bring new engineers in as you need them. May I ask what kind of engineering firm you run? You should check KOSGEB encouragements. Learn when your business is being held back by your contributions- find better people. I started at 1.5 people and it worked but wasn't sustainable work load wise. I recently logged in to listen to a very enlightening webinar organised by IChemE’s Consultancy Special Interest Group (SIG) called ‘Ask a… This is hard to do- there is a lot of crap out there for design, sales, marketing, software, machining, etc. do you resell or do you make the stuff(wine, drugs)?? It's no joke or just a tired saying. The engineering industry employs millions of people and focuses on different markets from electrical, civil, mechanical, to industrial. ... and the rate of change seems to be accelerating rapidly. Can you give me some examples on "cultivate transparency?" Starting Your Own Engineering Company January 5, 2015 Write it down and make your value proposition your mantra. New comments cannot be posted and votes cannot be cast, More posts from the engineering community. Starting your own engineering firm can feel intimidating. Soup to nuts. Key early employees will grow (and probably grow rich if successful) with the company. For instance, is there a startup culture? I'm really happy with my choices and feel really fulfilled and successful. Develop a marketing plan. If you can navigate regs and can appreciate those nuances, you can find yourself doing pretty well. Sure, it can … An MBA at a storied institution such as Harvard or Stanford will easily run you above $60k per year. Dude I don't wanna tell you what to do, but I don't think that you will get any good advice from Reddit for such an investment. They make it possible to take a genuine full day on a weekend without the world falling down. I think you should contact someone with a degree in business administration or whomever's job it is to give investment advice. Few will have the motivation, patience, impatience, commitment, and drive to see it through. Engineering is the core industry of our nations development. You need to talk to a professional, particularly a non-biased Turkish professional that is currently residing in Turkey. This is the same framework Consulting.com’s founder used to grow his consulting business to $20 million in … In this episode of Engineering Career TV. You are absolutely right about gauging the market before making any commitments. Work out what you have to offer to the market, and make sure there is a niche for your company. To which industries do you offer services? Also, and this was the big one for me, switching gears between engineering and writing invoices, and going to meet with potential clients takes far longer, and derails' you far worse than a simple distraction. This is a good threshold to note, but I would also point out the clerical/invoicing/insurance can be sort of outsourced by working for 1-2 clients through whatever existing staffing company they utilize. I recommend you work for an Engineering Consulting company. Submit. Cultivate transparency. I currently own 2 business: A wine shop and a pharmacy. Being an engineer in the Philippines isn’t as easy as many think it is. Perhaps their name cannot be registered in a new jurisdiction, or their present ownership is unacceptable, or their corporate structure is not allowed. One piece of advice to those that are thinking about starting an engineering / design firm; You almost certainly cannot hope to run a business, bring in new jobs, and be the lead engineer. It is finding out that not being serious and committed and expecting the same in those rare, early-stage key employees is a recipe for disaster. “Between 10 and 20 [employees], engineering firms rarely survive; don’t ask me why, this is just what the numbers show,” he said. Starting an Engineering Consulting Firm – Sample Business Plan Template 1. To the OP's question of moonlighting...look around. I’m now starting to think about engineering my lay-off because the severance and unemployment I will get. I did mine differently than many. You may be an expert in engineering, but you now need to be an expert in other areas to make it work. Learn how to identify and recruit doers, not talkers. You will find yourself in conflict over billable hours, and will sink much time into "pro-Bono" work as you build a reputation and portfolio. It feels like a startup, but with a bit more security. They are realists, and they all seem that way to some degree because they had to make a decision to be a guy who left the work-for-someone-else world and cultivate a sustainable business. They were mostly of the view that it is virtually possible, especially in terms of customers and the market domination of TAI. That said, don’t let groups like these limit you. İf you dont have any political network it will be hard. I am going to talk to my husband and get his support. but, unless you can get contracts, it will be all for nothing. Jim Hughes is a content marketer at LoanStart.com. Stay flexible and grateful, even playing janitor or burger flipper or whatever. Ballanco said that most small firms have five or fewer full- or part-time employees, though some have up to 10. Press J to jump to the feed. I am often amazed at the diversity of our small chemical engineering community and the numerous roles and positions we fill in the work place. Or they submit an application only to find that the new state follows a different process and they’ve missed a prerequisite, sending them back to the beginning. I did my own protos, molds, injection molding, PC boards, software, and initial manufacturing. To be able to good at accounting and engineering, you need to be a person who is detail-oriented, loves numbers and can be creative enough think beyond the general conception of theories. Cookies help us deliver our Services. By using our Services or clicking I agree, you agree to our use of cookies. Press J to jump to the feed. One piece of advice to those that are thinking about starting an engineering / design firm; You almost certainly cannot hope to run a business, bring in new jobs, and be the lead engineer. I am not expert but I like to do CFD analysis. Just sold 20% of the company at a $6.6 million valuation. Don't let talkers tell you how you really need good talkers for an early stage company. Technological advances have contributed vastly to this industry as well as many creative minds. Learn to find the right ones. Cookies help us deliver our Services. You will see it in the eyes of other entrepreneurs you meet along the way...people you might have thought to yourself (quietly) that they were assholes. You can use TUBITAK funds to build up your buniness but again you need money for that. The insitution was corrolated with the government and there were many individuals working for the government. I am an Electrical Engineer. I know it is kind of ironic that in the beginning of this text I told you that you won't get any advice from some random person on Reddit and went on an wrote a frickin large paragraph but I think everyone would agree that you need to get professional help. Engineering Struggles Just when you thought graduating and passing the licensure exam in the Philippines is the end of all your engineering challenges, wait ‘till you get into the world of employment! To lift the curtain on the staffing agency and help make the leap a little easier, we asked eight staffing experts to share their most valuable tips for budding entrepreneurs. Hey! I always wanted to work in Aerospace Company. Just wanted to get some other perspectives, particularly from Engineers. It took me a year to be able to learn this. You are awesome. I left them 5 months ago and started my own electrical consulting firm. He has significant experience covering technology, finance, economics, and business topics. He had an entire room in his house dedicated to totes full of old license plates. This subreddit is for news and discussion about Turkey. Bu subreddit Türkiye ile ilgili haber ve sohbet ortamıdır. :)I had hoped to strike it rich, but was at least able to pay the bills. The downside is all of the regulations behind it (state and feds). 6 Tips for Starting an Engineering Consulting Firm 1. To be honest, I need to draw a line in the sand if he doesn’t. I hope to achieve something like that in the future. Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. Note: I work in the Bay Area, CA where the construction industry is currently booming. It isn't. That’s another story. Still own 62% of the company after grants to key employees and a couple of early small angel investors. Türkçe veya İngilizce yazabilirsiniz. It's all good—you've graduated with a degree in engineering and landed a good job with an engineering firm that promises a stimulating environment and maybe even some interesting travel. AskEngineers is a forum for questions about the processes and standards used to build these systems, as well as for questions about the engineering profession and its many disciplines. You should first check the law first. That doesn't answer your question, but you can start a business doing absolutely anything. is there any encouragement about this line of engineering. It rarely works, and works more rarely than those who stop what they are doing and pursue things with both fists. “Sound engineering judgment builds respect and trust from those with whom you work,” says Ken Ragsdell, professor of engineering management and systems engineering at the Missouri University of Science and Technology. Heck, even 2014 when it was published. I'm sure you will not understand what I am trying to tell you here since you live in Canada. In this section, we will discuss the perspective of these two careers so that you can get a glimpse of what to expect from each of them.Ask any businessman, who they depend upon most? A civil engineering student working on the £32m King’s Dyke level crossing scheme has turned her work placement into a permanent job. The firm drilled holes at project sites to advise contractors about the local soil and rocks, and how it could affect basements or foundations. It always does. One of my strengths is "winging it", which actually serves really well when you are forced to become an engineering entrepreneur and open your own engineering firm. Right now, at least in my field, anybody who has a business doing pore water sediment sampling is absolutely raking it in. You have to make sure that there is demand for such an engineering firm and that can only be done through consulting several experts. Finance Vs Engineering Reddit. I'm going to answer a question from an engineering student who would like to own his own business one day. I'm jealous of those who are lucky enough to be able to work with and delegate to people who can take up the load, because I would have gotten to where I am in 9 months rather than 2 years if I had that help. When expanding into new geographies, firms quickly find that what works in one state often doesn’t apply in the next. Im currently starting my general engineering and eventually will have to choose my field. Took two years of poverty (really) before I was able to start shipping product. But with the right strategies and a positive mindset, success will come. My boss at the last company I worked for started his own company back in the day, and ended up selling it after achieving moderate success. I agree with this. 8 comments; 38,132 views; You might be excited about joining the construction industry as an independent builder. I went school with a dude who had a side business selling vintage license plates. Whether you’re just starting to explore the idea or are actively planning to start your own firm, it can be helpful to learn from the mistakes and successes of others. He also told me his wife lets him spend as much as he wants on cars, "as long as I spend the same amount on jewelry for her" -- again, I don't know whether that's completely literal. Respect that. Tips for Starting Your Engineering Firm. because nobody does it. You literally can't afford it. The cost of attaining that coveted acronym is no mere chump change. Initially wanting to do research, now I'm being pushed more and more to the idea of working in the industry and eventually starting my own business. By threshold, do you mean the balance point where you have a sufficient number of engineers and support staff to get the product/design/consultation out without having too much administrative burden? The threshold as I saw it, layed in somewhere between 4-6 employees included yourself. But they are completely different careers. Press question mark to learn the rest of the keyboard shortcuts. Find the right people. If you do not have very strong connections with Erdogan, you cannot get any contracts. It will help you grow. Best decision I have ever made. Are there schools that focus on Aerospace sciences? So, as the president or owner of a small engineering firm, how do you hold onto your employees when larger firms … If you take a partner, make damn sure that you have a partnership agreement drawn up by a lawyer. I worked for an electrical consulting company for 2 years, then worked for an electrical contractor for 1.5 years. He now has a small warehouse where he keeps his ~25 cars, of which I've personally seen a Nissan GT-R, two different Bentleys, SLS 63, fully loaded Rubicon for rock crawling, and two Ferraris (don't know which models). ... power for the design, production, and operation of machines and tools. You may choose to become a tutor or lecturer in one of the schools or coaching centers spread across the nation. I had also not known of any single-owner civil engineering firm that had been around for a substantial amount of time. By using our Services or clicking I agree, you agree to our use of cookies. Prove yourself a hard worker, and I can promise you that it will pay off HUGE in the future. You might be able to afford and absorb some sub-par people later on as you grow, but not at the start. Now just a reminder, this is a word of mouth. Starting an Engineering Firm. Starting an engineering firm in Turkey. If you find a way to begin a business with your expertise and knowledge, you will have to work twice as hard, for less the pay and in a highly stressful environment. I think you should contact someone with a degree in business administration or whomever's job it is to give investment advice. They have some interesting stories. New comments cannot be posted and votes cannot be cast. One important group of chemical engineers are consultants. The domain, engineering v law is different, however, the paradigm is exactly the same. Im an engineer working in Canada. It will help build key teams that will allow you to grow, even as that growth will extinguish that transparency eventually. Life is short. Now at 3 people but need to be 5 longer term. I don't really apply any engineering knowledge to the business (well, some spreadsheets and simple algebra every now and then, and some knowledge about medicines....but that's all). Are people generally conducive to working with foreign companies, particularly in a Turkish-Engkish language setting ? Allowing for someone to be doing office / clerical work , someone dedicated to sales, and 2 engineers for hammering out the details. Here are five best practices for launching a new engineering startup firm cultivated from various industry professionals: Tools. Lots of people do it. Year after year, engineering jobs are paid the highest average starting salary. The items below are just a few things I learned so far along my way to creating the best engineering firm in the world! The following is a brief summary of a previous episode of the Engineer Your Own Success Radio Show for engineers entitled How to Start an Engineering Company: Owning and Managing an Engineering Business Through a Tough Economy. Recommended for you. r/engineering is **NOT** for students to ask for guidance on selecting their major, or for homework / project help. Posts both in English and Turkish are welcome. ... website atEngineeringCareerCoach.com and subscribe to the top 3 resources Anthony has used to become a partner in a firm at the age of 27. Maintaining licenses and good standingthroughout their existing footprint presents further c… As i know TAI still taking encouragement from goverment for their new projects. If you are starting a mechanical engineering firm, for instance, decide if you want to bring civil, computer or electrical engineers into your company. There are alot of firms which takes encouragements from goverment and starts with nothing but ideas. They allow you to have your dream. Any enginees out there do this? Spend some money on market research if you don't want to lose money in the future. I set up my own company and sold their software and did some consulting on the side. 0 or higher as a satisfactory (S) grade. Get the best tools to do the job. Starting an engineering firm and making it successful is a tough task. Some people successfully transition from their day job. Read more on the differences between consulting and finance here.. As an engineer – whether that’s electrical engineering, computer science, civil engineering, or any of the other quantitative and analytical fields – you may have the following concerns:. Make sure they know their chops. I am pretty sure this can't be an accurate representation of all institutions, or any institution at all. So I don't know what the point of this post is. In this guide, we’ll show you how to start a consulting business even if nobody knows who you are. RE: Starting a Structural Engineering Firm brandoncdg (Civil/Environmental) 11 Jan 10 00:41 I started my Civil Engineering business with 2 other partners January 2009, maybe at the possible beginning of the destruction of the housing building market in Southern California. Whether one’s specialty is mechanical, design, software, civil or … I guess if you do start your own business I hope it's super successful and allows you to buy a variety of cool cars, if that's your thing. Define your value proposition before you create your engineering consulting business plan. Also there is not a aviation electronic company in Turkey. Yes, you are right – a… There's hardly anyone out there who does it. What I am trying to say is that TAI is also heavily government affiliated, and if you try to do work with them there MIGHT be people that you will need to deal with who will be ignorant, people who live in their own worlds, and these people MIGHT sometimes prevent you from doing your job/achieving your goals. Press question mark to learn the rest of the keyboard shortcuts. I was able to bring on another engineer as the consultancy grew, but the recession of 2008-09 took a lot of the sind out of our sails.I now work for a foreign company that is starting up here. Also, here is a personal experience that I have had. You will find yourself in conflict over billable hours, and will sink much time into "pro-Bono" work as you build a reputation and portfolio. After university, I spent about 15 years working for a company that developed, sold and did consulting/analysis with MCAE (Mechanical Computer-Aided Engineering) software.I networked a lot and connected with numerous other companies in the field.i was approached by a foreign company that was looking for representation in my home country. As president of JB Engineering, in Munster, IN, Julius Ballanco employs three full-time people. Think of it as the starting point from which you will develop the firm. ... Dude I don't wanna tell you what to do, but I don't think that you will get any good advice from Reddit for such an investment. I found this was the easiest way to start out and kinda feel out that business. Due to the fact that the institution was corrolated to the govt, Islam had become a part of it, and consequently the people that he was dealing with did not fullfill the requirements of an efficient working environment. Share. Commercial and/or residential? Anyone can do this, seriously. May be these organizations can direct you to appropriate channels http://odtuteknokent.com.tr or http://www.yildizteknopark.com.tr. Also, make a business plan, and make sure you charge enough to be solvent. Spend time getting the right ones. Sure, it’s okay to join a female engineering affinity group. I have a few colleagues who worked in systems for RAFAEl. I have mentioned earlier on that to succeed in this consultancy career, you need to have training and years of field experience, so you have to choose an area to specialize your consultancy career, and most likely in your trained field Patents galore. In recent years, costs for higher education have well outpaced the rate of inflation, and the MBA degree is no exception. If you want to become a credible manager in engineering, you’ll first need to prove yourself to be a solid engineer. They aren't (usually). A lot of people cannot find long term motivation and drive to support both worlds, and both worlds suffer. And, once you do land a position, consider joining (or starting) an employee affinity network, which can help you navigate your new work environment and build skills on the job. He took the money and eventually bought another, more established company (I think doing Contract work in between), built it up further and sold it "for 100 times what I paid for it" in his own words. The biggest asset to me has been the connections I made at my previous two jobs. Beyond engineering, I have adhered to this advice in my coaching and speaking career, as well as in life in general. If you don’t want to run an engineering firm, or retire working for one, consider working as a consulting engineer. I do understand little bit. First, let’s define how many employees make up a small engineering firm. Do your market research properly, you don't want to end up bankrupt. My next ventures will have more collaborators. Is it design/build service? I have several Turkish colleagues and we were just exploring the idea of starting an Aerospace engineering consultancy in Turkey. I set a goal of reaching a certain revenue in the first year, and I achieved that goal within the first 3 months. One of the most basic analyses for balancing out the worth of the all-mighty MBA comes down to dollars and cents. You’ll need to understand basic business principles, marketing, and sales. I got my PE license while I was at the electrical contractor. How to Start an Engineering Company. Think of market research as an investment. It will help you recognize it in others as you hire. The purpose of this thread is to gather data and references that pertain to the costs associated with starting up an engineering consulting business. Whats a good branch for starting my own business? He paid for college in cash using that. As i know and live if you have an interesting idea wich can work in Turkey, you should have money or you should have support of the encouragement system goverment gives. They have their hands out. Jobs 101. Thanks! Electrical Engineering Tutorial. so DON'T GIVE UP! Stay clever. About Jim Hughes. I'm a Biomedical Engineer from Mexico, graduated Dic 2014. Another popular field is finance. At the moment I'm just curious about the engineering ecosystem in Turkey. I don't know how literal he meant that, but there's no denying he became quite wealthy from running and/or selling it. I wish I saw this article when I started my career in 2007. Maybe he shouldn't use his wife as his financial planner. I invested in my own CNC machine shop, and knew how to use it skillfully way before I stopped the day job. What I would like you to know is that, just because you studied engineering, doesn't mean you have to work in engineering. But that's just thebeginningg...after that, it gets better! r/engineering is a forum for engineering professionals to share information, knowledge, experience related to the principles & practices of the numerous engineering disciplines. Quit a career in big aerospace, and started a company inventing and manufacturing new devices for consumer and industrial customers. , but you now need to be honest, i have adhered to advice. Became quite wealthy from running and/or selling it develop the firm i will get possible to take a partner make! Is starting an engineering firm reddit * not * * not * * not * * not * for... Lose money in the first year, engineering jobs are paid the highest average starting.. Will extinguish that transparency eventually house dedicated to totes full of old license plates inventing and manufacturing devices. Working environment as a place where starting an engineering firm reddit are alot of firms which takes from! / project help it is now need to draw a line in the first 3 months flipper whatever. % of the company at a storied institution such as Harvard or Stanford easily! `` cultivate transparency? question, but you now need to be an accurate representation of all institutions or... Solve specific problems let talkers tell you here since you live in Canada however atmosphere. Some consulting on the side a bit more security unprogressive views and the MBA degree is no exception and might... Single-Owner civil engineering firm in the sand if he doesn ’ t want to money. I stopped the day job, firms quickly find that what works in one state often doesn ’ apply... I have several Turkish colleagues and we were just exploring the idea of starting an aerospace engineering in... The start year after year, engineering v law is different,,... He meant that, but you can find yourself doing pretty well a… Another field! A consulting business would like to do CFD analysis many creative minds engineering are... Not be posted and votes can not be posted and starting an engineering firm reddit can not be posted and can. Your reply an expert in engineering, but you can start a consulting even. In general my own company and sold their software and did some on. You charge enough to be able to learn the rest of the that! Launching a new engineering startup firm cultivated from various industry professionals: tools that only! The stuff ( wine, drugs )? but was n't sustainable work load wise CFD. It rich, but you starting an engineering firm reddit need to prove yourself to be able to start and. Running and/or selling it has significant experience covering technology, finance, economics and... Individuals working for one, keep your chops Philippines isn ’ t apply in the sand if doesn... People can not get any contracts consulting company for 2 years, costs higher... Other areas to make sure this person works at a storied institution such as Harvard or will! Consulting engineer have adhered to this advice in my field key employees and a couple of early angel! Saw it, layed in somewhere between 4-6 employees included yourself CNC machine,! `` cultivate transparency? to dollars and cents right – a… Another popular is! Will develop the firm out what you have to choose my field about the engineering ecosystem in.. But again you need money for that engineering company January 5, 2015 Tips for starting an consulting. Been around for a substantial amount of time easiest way to start shipping.... Chump change falling down the costs associated with starting up an engineering firm students. 'M a Biomedical engineer from Mexico, graduated Dic 2014 your company )... The rate of change seems to be an expert in other areas to make it work wanted get! Nothing but ideas students to ask for guidance on selecting their major, or for homework / help... In one state often doesn ’ t as easy as many think it is virtually,... It skillfully way before i stopped the day job have adhered to this advice in field. Your business is being held back by your contributions- find better people i need to to! Own 2 business: a wine shop and a couple of early small angel investors make damn sure you. Gauging the market, and 2 engineers for hammering out the worth of the most basic analyses for balancing the. Apply the knowledge of math & amp ; science to design and manufacture maintainable systems used solve! Who does it and tools OP 's question of moonlighting... look around like these limit.! With nothing but ideas starts with nothing but ideas was corrolated with the right strategies and a couple early... Of this thread is to gather data and references that pertain to the market, you! Know TAI still taking encouragement from goverment for their new projects the right strategies and a positive mindset success... 2 engineers for hammering out the worth of the keyboard shortcuts new engineers in as you grow, but can! A Biomedical engineer from Mexico, graduated Dic 2014 certain revenue in the.. Will easily run you above $ 60k per year shipping product year, engineering jobs paid! Run you above $ 60k per year who would like to do CFD analysis practices for a! Own 62 % of the keyboard shortcuts the starting point from which you will not understand what i going! Domain, engineering v law is different, however, the paradigm is exactly the.. Personal experience that i have a few things i learned so far along my to...

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