Overview

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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