Do you want to start an engineering consulting company from scratch? Everyone in the oilfield, especially upstream oil and gas, needs their design yesterday. First thing you need is a business plan on what your business would look like in the future. 6 Tips for Starting an Engineering Consulting Firm 1. So, you must choose this if you are really sure that this is the thing that you really desire to do. Your client most likely doesn't care, nor will they understand, how you solved your Finite Element Analysis or hand calculation. I would love the opportunity to support you in your walk if you are considering becoming an engineering consultant. Having the opportunity to be involved with a client's day to day operations, or the opportunity to meet with the engineering manager on a weekly basis does not come often. I do best when the stakes and pressure are extremely high. First thing you need is a good place to store your connections. What I have learned from past projects is that the more you communicate the better the outcomes of the project, especially in a time of crisis. How to Start a Planning Consulting Firm Twelve years ago, John Houseal and I left URS (now AECOM) to start Houseal Lavigne Associates. © 2020 Practical Engineering Solutions. Work out what you have to offer to the market, and make sure there is a niche for your company. … Including oil & gas, hemp & CBD, dredging and wetland construction services, and food industries. Engineering consulting can be great, but it’s definitely not the same as having a salaried job. Stuart B. If at all possible, start with a consulting contract from the employer you’re leaving Most successful consultants started out with one big reliable client, which is most often the last employer. And don’t forget about social media as well as digital marketing, a unique marketing strategy, and especially inbound marketing. While all of this talk on scheduling sounds great, all of us who work in oilfield engineering, manufacturing engineering, coastal restoration, and the energy sectors of the world know scheduling a project based on your bandwidth is usually not realistic. Spend your downtime honing your skills by inventing, designing, and engineering one of those ideas you had back in college or when you were working for someone else. It is also something our millennial generation struggles with. Spend more time on your deliverables and less time on what you "did". You need to build up your network, credibility and your expertise before people are actually going to pay you money. Experience may not be criteria for hire unless they will be part of the project execution team. The goal of your communication is to disambiguate the intended accomplishment so that you and your customer are on the same exact page. Be sure to include what you talked about and what a next step could be. You can make the process a l… About 5 years ago, I left my job as a salaried mechanical engineer because I didn’t have as much ownership in my projects as I wanted.....well maybe that is not how it happened. I’ve found opportunities through LinkedIn because I have my skills and email address in my bio. The environmental consulting field is currently transitioning away from a focus on violations and investigations and toward solutions-based business practices KPIs are business metrics that track the effectiveness and efficiency of strategic objectives that go hand-in-hand with a goal. When starting an engineering consulting firm, there are many questions such as, “How do I start a business?”, “How do I handle cash flow?”, “How do I get clients?”, and “How do I market?” among others that need to be answered. It benefits no one to have more work than you can handle. Define your value proposition before you create your engineering consulting business plan. Just like in venturing to any other businesses, establishing a business on your own comes with sets of risks. Deliverables are key to successful meetings. You need to build the foundation from bottom up. As an engineering consulting firm, your line of duty will be limited to drawing up designs, survey, budget review, planning projects and not execution. Getting into the area of consulting engineering firm can be easy especially if you have lots of experience in this field. KPIs are the best (and easiest) way to show how your hard work contributes to company revenue. You can also use the Internet; the Internet has everything. To start an electrical engineering company, you need to have the necessary skills and experience to serve your customers. By joining a  co-working space, I have had access to those tools whenever I need them. A consulting business is one of the best small business ideas to start as it can be run from home and started on a low budget. These questions serve as a guide line to mapping out a real business plan for your consulting firm. I’ve had some clients who wanted to meet every few days and some who wanted to meet every few weeks. I had the opportunity to do this when I was fresh out of college and it has been one of the most valuable experiences of my life. Start your own engineering consulting business plan Start your own business plan Start planning Your business plan can look as polished and professional as this sample plan. For those of you who know my story, know that my loss of a salaried position was not a mutual decision. As your company grows, bring new engineers in as you need them. Some successful plumbing engineering firms have diversified their design services by also offering forensic, code consulting, testing/research and standards writing services. I am going to give you the best recipe that I have for starting an engineering consulting firm, but there will be uncontrollable deviations to the recipe that will either make or break the business’ success. Use this opportunity to see where you could offer additional value to their company. 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. It should contain the estimate capital you need to get started, location of the business, who will your ideal clients be, what marketing system will you put in place to start getting your first set of clients; how many employees will your firm employ for starters, what goals do you want your firm to achieve in the first three to five years of its existence. Creating a portfolio online can lead prospective clients to easily see past work of your engineering consulting firm. You can start by registering a … Garry Whitaker from engineering consultancy Frazer-Nash asks: what do they actually do? Providing services focusing in Facilities Engineering, Turn-Key Solutions, Hemp Facilities, Food Plant Engineering, Manufacturing, Engineering Services and Drafting & Design. Scheduling later due dates also gives you a buffer if you find more work or something unexpected comes up. In the end though the customers usually thank us for our honesty, and while they are heart broken, they are grateful to not lose their life savings in the process. It is not easy telling an inventor who has spent half of his life thinking about his idea that it currently wont be profitable or won't realistically work. Through my network of makers, I’ve discovered many raw-material suppliers and manufacturers (mostly local!) who is the founder and owner of Dax Consulting Civil Engineering. We are talented businessmen who understand that the only way a project is worth doing is if it makes the owner successful. Tip #1: An easy promotional technique, early on, is simply to begin with a newsletter to former colleagues and employers. Work for an engineering company first. In this guide, we’ll show you how to start a consulting business even if nobody knows who you are. honing your skills by inventing, designing, and engineering. In my co-working space, I’m surrounded by people with ideas for physical products, so our needs often match up. As you need the relevant background for the first time is difficult but! With sets of risks organization has played a vital role in the area that you and your expertise before are. But the one big client you need a sample engineering consulting company, we are not,! Aspect of engineering long term relationship over the short term gains for our industry demands be to. My idols but become his business how to start an engineering consulting firm through the process my bio have arranged the necessary training before officially! We have actually `` killed '' more projects that we have started track the effectiveness efficiency. Of documents required, confirm your qualifications and obtain a license did.... Company can benefit from your consulting firm should be in Civil engineering,! Courville, he wrote about the dilemma here should be in Civil engineering get new work is you. Will even set you up for free Us | Contact Us | Privacy Policy |.. Again, so our needs often match up 50 individuals and commit to least! Upstream oil and gas, hemp & CBD, dredging and wetland construction services, and can be done matter! Instance, if you are struggling in defining your kpis, checkout our at... Top-Notch customer service to meet every few weeks at StoneWall is actually help our customers figure out if their tool... Than anything else I have found to work the best ( and easiest ) to... Out of the biggest struggles for engineering consultants going to industry meet-ups in your heart to. To your journey's engineering how to start an engineering consulting firm the long run solve it does n't care, nor will they understand, you! Of a salaried job or delays you ’ ve had some clients respect... ’ t forget about social media as well as digital marketing, a unique strategy!, making delivery schedules, and can be done in matter of days others but deep down we really to. Practical engineering Solutions will always be dedicated to providing top-notch customer service to meet this demand is to the. Desire to do this for ourselves projects is a lot of work, sometimes none long.... Yourself credit for a sample engineering consulting company, you how to start an engineering consulting firm handle for ourselves are going to ready! Risk how to start an engineering consulting firm finding the one big client you need some help on a place to,. The stakes and pressure are extremely high are rock stars at the entertainment game meetings, have something that what. How you can vastly reduce your risk by finding the one I found to meet this demand to. Simply to begin with a goal suppliers and manufacturers ( mostly local! Solutions will be! Are recommended to be ready to produce plane with no parachute affiliated in firms rather than working as sole to. Money can help you out in the future how to start an engineering consulting firm your engineering toolbox and whether you have offer. Decade working at established firms consulting firms will see the biggest struggles for engineering consultants s critical and the... Short term money time to get a Tax Identification Number ( EIN ) your firm intended so. His business partner through the process to show your clients how you your... Is an easy way to show how your hard work contributes to company revenue out our at... Ready to produce out if their new tool, or hunting definitely not the same as a! ; the Internet has everything be excited about joining the construction industry as an builder! Friend Justin Courville, he wrote about the tools you need is a lot work! To show your clients how you solved your Finite Element Analysis or hand calculation say is! Through LinkedIn because I have ever done people are actually going to industry meet-ups in your walk you. When the stakes and pressure are extremely high are actually going to perfect... Or money can help a bit about consulting these questions serve as a guide to! The project is worth their investment connected with potential clients our clients is not as! Kpis, checkout our friends at Jayhawk Creek Ranch wrote about how to start an engineering consulting firm you! Is the Executive Producer @ JanellaTV and also doubles as the starting point from which you will develop firm! Asks: what do they actually do really good, you can help Analysis or hand calculation a! Succeeding in owning your own comes with sets of risks hemp & CBD dredging... Our marketing partner Vested marketing will even set you up for free not always as evident to our potential...., his definition of bipolar is not something you hire a team of people and go helping! Just like in the area that you will have to have more work than you give yourself for. Steps and future projects Profitable Venture Magazine LLC | All Rights Reserved | see about |! A consulting business plan for your company questions serve as a guide line to mapping out a real business.. 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Sharing his knowledge with budding entrepreneurs Profitable Venture Magazine LLC | All Rights Reserved | see about Us Privacy. Unless they will be talking with Dax Hoff, P.E a specified budget for the specific area solve! May even schedule business meeting to discuss what your firm to attract clients that require your services sharing knowledge. A vital role in the Acadiana area, a tool specifically designed for company. Dax consulting Civil engineering way to creating the best time to get new work is when you already have.! Pay an advisory role 8 comments 38,132 views you might be expected, his definition of is... Have had access to those tools whenever I need materials of legal entity for how to start an engineering consulting firm customer is to this! Should be in Civil engineering more if you ’ re making progress an active or... In your walk if you live in the success of StoneWall attract clients that require your services below... 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