Civil Entrepreneuringby Howard Smallowitz, Asst. News Ed.; Civil Engineering—ASCE, New York, NY 10017,
Serial Information: Civil Engineering—ASCE, 1986, Vol. 56, Issue 7, Pg. 57-59
Document Type: Feature article
Abstract: Increasing numbers of people are leaving secure, well-paying positions with the government, academia and the private sector to go the risky route of establishing their own firms. The rewards can be ample: tremendous increases in pay and the ability to work when, where and at what they want. But the risks are enormous as well. Family life can suffer, and bank accounts can easily be wiped out. Those who have established their own firms recommend doing part-time consulting before setting up a full-time private practice. Most engineers find that they are technically well prepared when they set up their own shops, but lack the necessary business skills. A business plan is essential, and a knowledge of marketing, employee relations and the ability to raise capital are also vital.
Subject Headings: Business management | Consultants | Owners | Engineering firms
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