Hey! Some people successfully transition from their day job. Starting an engineering firm and making it successful is a tough task. 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. To be honest, I need to draw a line in the sand if he doesn’t. Spend time getting the right ones. There are alot of firms which takes encouragements from goverment and starts with nothing but ideas. In this episode of Engineering Career TV. If you take a partner, make damn sure that you have a partnership agreement drawn up by a lawyer. 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. because nobody does it. I found this was the easiest way to start out and kinda feel out that business. Here are five best practices for launching a new engineering startup firm cultivated from various industry professionals: Tools. What I had to think of while reading your reply. Spend some money on market research if you don't want to lose money in the future. Sure, it can … The threshold as I saw it, layed in somewhere between 4-6 employees included yourself. About Jim Hughes. Being an engineer in the Philippines isn’t as easy as many think it is. By using our Services or clicking I agree, you agree to our use of cookies. Türkçe veya İngilizce yazabilirsiniz. I did my own protos, molds, injection molding, PC boards, software, and initial manufacturing. ... power for the design, production, and operation of machines and tools. I had also not known of any single-owner civil engineering firm that had been around for a substantial amount of time. He paid for college in cash using that. I always wanted to work in Aerospace Company. Engineering is the core industry of our nations development. You should check KOSGEB encouragements. I’m now starting to think about engineering my lay-off because the severance and unemployment I will get. 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. 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. Whether one’s specialty is mechanical, design, software, civil or … The purpose of this thread is to gather data and references that pertain to the costs associated with starting up an engineering consulting business. Choose a Field Of Specialization. They were mostly of the view that it is virtually possible, especially in terms of customers and the market domination of TAI. I invested in my own CNC machine shop, and knew how to use it skillfully way before I stopped the day job. 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. Electrical Engineering Tutorial. Im an engineer working in Canada. That’s another story. In this guide, we’ll show you how to start a consulting business even if nobody knows who you are. He described the working environment as a place where there are many people with unprogressive views and the institution was not secular at all. Starting Your Own Engineering Company January 5, 2015 It's no joke or just a tired saying. Starting your own engineering firm can feel intimidating. What I would like you to know is that, just because you studied engineering, doesn't mean you have to work in engineering. But with the right strategies and a positive mindset, success will come. 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. To the OP's question of moonlighting...look around. I am not expert but I like to do CFD analysis. Best decision I have ever made. 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. Define your value proposition before you create your engineering consulting business plan. 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. Cookies help us deliver our Services. Life is short. I have several Turkish colleagues and we were just exploring the idea of starting an Aerospace engineering consultancy in Turkey. Jim Hughes is a content marketer at LoanStart.com. Now at 3 people but need to be 5 longer term. If you can navigate regs and can appreciate those nuances, you can find yourself doing pretty well. If you are starting a mechanical engineering firm, for instance, decide if you want to bring civil, computer or electrical engineers into your company. Note: I work in the Bay Area, CA where the construction industry is currently booming. I'm really happy with my choices and feel really fulfilled and successful. Just wanted to get some other perspectives, particularly from Engineers. is there any encouragement about this line of engineering. I am an Electrical Engineer. Are people generally conducive to working with foreign companies, particularly in a Turkish-Engkish language setting ? Cultivate transparency. 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. Do not compromise on integrity and work ethic at the beginning. Just sold 20% of the company at a $6.6 million valuation. 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. Few will have the motivation, patience, impatience, commitment, and drive to see it through. You're all set, right? 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. Be generous to real workers at your company. Technological advances have contributed vastly to this industry as well as many creative minds. 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. I do understand little bit. Now just a reminder, this is a word of mouth. Took two years of poverty (really) before I was able to start shipping product. I set a goal of reaching a certain revenue in the first year, and I achieved that goal within the first 3 months. Make sure this person works at a company or is NOT working for the government. I'm a Biomedical Engineer from Mexico, graduated Dic 2014. 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. A lot of people cannot find long term motivation and drive to support both worlds, and both worlds suffer. Press question mark to learn the rest of the keyboard shortcuts. How to Start an Engineering Company. I set up my own company and sold their software and did some consulting on the side. Do your market research properly, you don't want to end up bankrupt. Soup to nuts. I have a few colleagues who worked in systems for RAFAEl. Learn when your business is being held back by your contributions- find better people. I recommend you work for an Engineering Consulting company. Starting an Engineering Consulting Firm – Sample Business Plan Template 1. That doesn't answer your question, but you can start a business doing absolutely anything. Tips for Starting Your Engineering Firm. This all sounds like being a dick. 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. Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. 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. I hope to achieve something like that in the future. Patents galore. 0 or higher as a satisfactory (S) grade. Maintaining licenses and good standingthroughout their existing footprint presents further c… So I don't know what the point of this post is. Anyone can do this, seriously. Get the best tools to do the job. I currently own 2 business: A wine shop and a pharmacy. As your company grows, bring new engineers in as you need them. 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. To which industries do you offer services? 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. You are absolutely right about gauging the market before making any commitments. At the moment I'm just curious about the engineering ecosystem in Turkey. 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. r/engineering is a forum for engineering professionals to share information, knowledge, experience related to the principles & practices of the numerous engineering disciplines. They have some interesting stories. That said, don’t let groups like these limit 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. You may be an expert in engineering, but you now need to be an expert in other areas to make it work. You should first check the law first. Also, here is a personal experience that I have had. I'm going to answer a question from an engineering student who would like to own his own business one day. Still own 62% of the company after grants to key employees and a couple of early small angel investors. I got my PE license while I was at the electrical contractor. Bu subreddit Türkiye ile ilgili haber ve sohbet ortamıdır. But that's just thebeginningg...after that, it gets better! “Between 10 and 20 [employees], engineering firms rarely survive; don’t ask me why, this is just what the numbers show,” he said. Allowing for someone to be doing office / clerical work , someone dedicated to sales, and 2 engineers for hammering out the details. Think of market research as an investment. You literally can't afford it. It isn't. The cost of attaining that coveted acronym is no mere chump change. It will help you recognize it in others as you hire. Lots of people do it. Make sure they know their chops. Heck, even 2014 when it was published. 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). Prove yourself a hard worker, and I can promise you that it will pay off HUGE in the future. For instance, is there a startup culture? You have to make sure that there is demand for such an engineering firm and that can only be done through consulting several experts. 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 Right now, at least in my field, anybody who has a business doing pore water sediment sampling is absolutely raking it in. Another popular field is finance. Commercial and/or residential? Everyone said I couldn't do it without a million or two- I did it with a quarter million. :)I had hoped to strike it rich, but was at least able to pay the bills. Share. Respect that. I did mine differently than many. He had an entire room in his house dedicated to totes full of old license plates. I left them 5 months ago and started my own electrical consulting firm. Are there schools that focus on Aerospace sciences? Im currently starting my general engineering and eventually will have to choose my field. They allow you to have your dream. I started at 1.5 people and it worked but wasn't sustainable work load wise. starting a consultancy is pretty simple, and you might find many incentives. May be these organizations can direct you to appropriate channels http://odtuteknokent.com.tr or http://www.yildizteknopark.com.tr. You need to talk to a professional, particularly a non-biased Turkish professional that is currently residing in Turkey. I recently logged in to listen to a very enlightening webinar organised by IChemE’s Consultancy Special Interest Group (SIG) called ‘Ask a… Company after grants to key employees and a positive mindset, success will come the company at storied... It feels like a startup, but there 's no joke or just a saying... 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