The business plan is the foundation of your investor package.
Or you need a sample engineering consulting business plan template? If YES, then i advice you read on. In any profession, you either play an active role or you pay an advisory role.
So likewise it is in the engineering field; you are either an active engineer engaged in field work and all that or you are a consultant to other firms on engineering related issues.
Engineers who have vast knowledge and experience in any of the engineering field can opt to retire from field work and open a consultancy business instead of retiring from work totally. As an engineering consulting firm, your line of duty will be limited to drawing up designs, survey, budget review, planning projects and not execution.
In this article, I will discuss what you need to run a successful engineering consulting firm, how to set up your own engineering consulting firm and how to source for clients for your firm.
To successfully run an engineering consulting firm, you need to have undergone countless hours of training under successful tutors and mentors. You have to have at least a college degree in any of the engineering courses.
You also need to have spent years out in the engineering field work learning how things work, making mistakes and learning from them.
The more years of experience you have in field works, the more capable you will be in helping other engineers tackle day to day field work. That is why it is very rare to see someone open an engineering consulting firm immediately after college graduation.
As a consultant, you will not only be in charge of designing projects and plan, but you are most times required to monitor the process of the projects to ensure that it is inline with the design you have. This require a vast knowledge in project management to help keep workers motivated to achieve projects and to be versatile enough to take new decisions when there is a problem in project execution.
The initial set up of an engineering consulting firm needs capital to float the business until you start making some income from clients. As an engineer that has spent years working with other firms or as an individual contractor, you should have some money saved up somewhere to help you get started with the firm.
Choose a Field Of Specialization-: 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.
For instance, if you are a trained civil engineer, your consulting firm should be in civil engineering. You can take it a niche higher by specializing in a particular aspect of civil engineering other than general civil engineering; this may require some specialized training to become an expert.
Clients will respect you more if you are a special consultant in an aspect of engineering.
Draw Up a Business Plan -: First thing you need is a business plan on what your business would look like in the future. 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.
These questions serve as a guide line to mapping out a real business plan for your consulting firm. You will be working with top organizations and firms, and they will likely not take your firm seriously unless it is properly registered to function as a company.
The process of company registration is easy, and can be done in matter of days. You need to lease an office space for your firm; where people can come for business meetings, signing consultancy deals and other related issues.
You will need employees who have training in engineering field to work for your firm. Experience may not be criteria for hire unless they will be part of the project execution team.Sample business plans. Ultimate Business Planner includes 25 complete sample business plans and over 1, business plan examples and excerpts.
To give you an idea of what a finished business plan looks like, below are business plan examples created with Ultimate Business Planner. this Guide to Starting and Running a Consulting Business, brought to you by BizFilings and Business • What will my business plan look like?
If I am going to start a successful business, I need a business plan to identify my goals and lay out the steps for achieving those goals.
BUSINESS PLAN TABLE OF CONTENTS Your business plan is divided into the following sections: Business Overview Description of the business Products and services. Acme Consulting— Sample Plan This sample business plan was created using Marketing Plan Pro® —marketing planning software published by Palo Alto Software.
Consultant Business Plan Template – Download Now. Simply fill-in the blanks and print in minutes! Instant Access to 1,+ business and legal forms.
Download samples of professional document drafts in Word .doc) and Excel .xls) format. Business Solutions Consulting consulting planning business plan executive summary.
Business Solutions Consulting, is a start-up business offering full-cycle, business-to-business planning consulting. Start-up companies are the target market of this firm.
BSC intends to stay on the pulse of new business activity within the local area /5(45).