In essence, readers discover "step-by-step" how to start & manage an "outstanding" Engineering Practice and exactly how to gain a reputation as an expert in their specialty. This is both a handbook for new engineers and a constant reference manual for seasoned professionals. The book is divided into "five parts": Preparation; Planning; Implementation; Managing; and Cashing Out. PREPERATION includes: · Selecting a collage. Make sure that it has the right accreditation to allow you take the Professional Engineering license exam. (ABET-EAC accredited) · Take the EIT exam. In your senior year at college, while the fundamentals of engineering are still fresh in your mind. · Gain experience. A minimum of four (4) years of "certifiable" experience in engineering work. · Join engineering societies. Become an officer; make contacts; gain credentials; and build a reputation in the industry. PLANNING includes: · Recognize opportunities. Buying an existing practice; starting upon another engineer's retirement; becoming a partner in an existing firm; or hanging out your shingle. · Consider ownership options. Carefully consider the pros & cons of being on your own verses having partners. · Choose Specialties. Choosing between being a "single-discipline" or "multi-discipline" firm. · Prepare a Business Plan. Learn how to write a "Business Plan" including how to estimate expenses & income for both start-up and your first year. · Apply for a Business Loan. Discover the secrets to getting a Business Loan IMPLEMENTATION includes: · Pre Start-up "Check List". Once you have made the GO decision, find out the initial steps to take & things to avoid. · Start-up "Check List". Discover how to actually start your practice step-by-step. MANAGING includes: · Acquiring service. Learn how to select the right Attorney & CPA and obtain the insurance coverage needed. · Marketing. Discover the marketing materials & methods that will keep your firm busy. · Expert. Learn the secret of gaining a reputation as an "expert" by publishing technical articles. · Fees. Uncover the mysteries of preparing winning & profitable fee proposals. · Forensic Engineering. Find out how to make this interesting & profitable litigation specialty part of your engineering practice. CASHING OUT includes: · Selling your firm. Learn how to sell your practice for the maximum profit and retire comfortably. ###
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