How to open a design organization
Video: How to Organize and Efficiently Run Your Business By Design | #TomFerryShow Episode 131 2024, July
Many engineers over time begin to think about opening their own design organization. Although this is a rather complicated and costly business, but if you approach it “wisely”, the company will quickly pay off.
Instruction manual
1
Create a business strategy for your future company. Evaluate the market, how many competitors you will have. Analyze the firm's specialization: it may be interconnected with oil, mechanical devices, or electricity. Also, study the specializations of your potential partners, which you simply need to find to work together. Write down all the ideas for the successful development of the company that will meet the current needs of a particular market.
2
Develop a good marketing strategy, as well as all legal and, if necessary, financial aspects.
3
Write an application for a professional engineer license. At the same time, be prepared for this to undergo special training. After all, you can’t get a license without an appropriate bachelor’s degree. In some countries, an authorization document can be obtained without a degree in engineering, but after receiving the necessary diploma, you can get a license much faster.
4
Pass all the necessary licensing exams, which are outlined in certain rules for a professional engineer. Pass for this all the tests that will be required. Take the practice by working for a certain time at some engineering company. In turn, the time of work experience may also be different, depending on the characteristics of the country in which you reside.
5
Provide start-up capital to your own project firm by providing a developed business plan to investors. In turn, they should be ready to transfer money to you in debt or in exchange for some specific share of your profit.
6
Find staff to organize. Only hire qualified personnel. You can do this with ads. To do this, simply post them on specialized sites and in print media.
