engineering business plan examples

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Here is a free business plan sample for an engineering firm.

If you're an aspiring entrepreneur with a passion for engineering and innovation, embarking on the journey of starting your own engineering firm can be both exciting and daunting.

In the following paragraphs, we will present to you a comprehensive business plan template tailored for an engineering firm.

As you may be aware, a meticulously developed business plan is crucial for the success of any venture. It serves as a roadmap, outlining your objectives, strategies, and the blueprint for your firm's growth and operations.

To streamline the process and ensure you're on the right track, you can utilize our engineering firm business plan template. Our specialists are also on hand to provide a free review and refinement of your plan.

How to draft a great business plan for your engineering firm?

A good business plan for an engineering firm must reflect the unique aspects of the engineering industry.

Initially, it is crucial to provide a comprehensive overview of the engineering market. This includes up-to-date statistics and an analysis of emerging trends within the industry, as illustrated in our engineering firm business plan template .

Your business plan should articulate your firm's vision clearly. Define your target market (such as government contracts, private sector projects, or subcontracting opportunities) and your firm's distinctive services (like civil engineering, environmental consulting, or structural design).

Market analysis is a vital component. This requires a thorough understanding of the competitive landscape, industry trends, and client needs.

For an engineering firm, it is important to detail the range of services you plan to offer. Describe your areas of expertise - such as infrastructure, transportation, or energy - and how these services address the challenges and requirements of your intended clientele.

The operational plan is critical. It should outline your firm's location, the structure of your engineering and administrative teams, supplier relationships for equipment and software, and project management methodologies.

Emphasize the qualifications of your team, the technological tools you will use, and the standards for quality assurance and project delivery.

Then, delve into your marketing and sales strategy. How will you build your firm's reputation and secure contracts? Consider networking strategies, industry partnerships, and your approach to bidding on projects.

Adopting digital strategies, such as maintaining a professional website and leveraging industry-specific software, is also vital in the modern business landscape.

The financial section is another cornerstone. It should encompass the initial capital requirements, revenue projections, operational expenses, and the point at which the firm will become profitable.

In an engineering firm, project-based billing and long-term contracts can impact cash flow, making it essential to have a robust financial plan. For assistance, refer to our financial forecast for an engineering firm .

Compared to other business plans, an engineering firm's plan must pay closer attention to professional liability, regulatory compliance, and the technical complexity of services offered.

A well-crafted business plan will not only help you clarify your strategic approach but also attract investors or secure loans.

Lenders and investors are interested in a solid market analysis, realistic financial projections, and a comprehensive understanding of the firm's operational management.

By presenting a detailed and substantiated plan, you showcase your professionalism and dedication to the success of your engineering firm.

To achieve these goals efficiently, you can start with our engineering firm business plan template .

A free example of business plan for an engineering firm

Here, we will provide a concise and illustrative example of a business plan for a specific project.

This example aims to provide an overview of the essential components of a business plan. It is important to note that this version is only a summary. As it stands, this business plan is not sufficiently developed to support a profitability strategy or convince a bank to provide financing.

To be effective, the business plan should be significantly more detailed, including up-to-date market data, more persuasive arguments, a thorough market study, a three-year action plan, as well as detailed financial tables such as a projected income statement, projected balance sheet, cash flow budget, and break-even analysis.

All these elements have been thoroughly included by our experts in the business plan template they have designed for an engineering firm .

Here, we will follow the same structure as in our business plan template.

Market Opportunity

Market data and figures.

The engineering services market is a robust and essential sector with significant growth potential.

Recent estimates place the global engineering services market at approximately 1 trillion dollars, with expectations for continued expansion due to the increasing complexity of infrastructure projects and technological advancements.

In the United States alone, there are over 100,000 engineering firms, contributing to an annual revenue of roughly 250 billion dollars for the industry.

These figures underscore the critical role engineering firms play in the development of infrastructure, technology, and industry, as well as their substantial economic impact.

Current trends in the engineering sector indicate a move towards innovation, sustainability, and smart technology integration.

There is a growing emphasis on green engineering and sustainable design, with firms investing in renewable energy projects and eco-friendly materials to minimize environmental footprints.

Advancements in digital engineering, such as Building Information Modeling (BIM) and the use of AI and machine learning, are revolutionizing project design and management, leading to increased efficiency and accuracy.

The rise of smart cities and the Internet of Things (IoT) is creating new opportunities for engineering firms to contribute to the development of connected and intelligent urban environments.

Additionally, the demand for infrastructure resilience against climate change and natural disasters is prompting engineering firms to innovate in disaster-proof design and construction methods.

These trends highlight the engineering industry's adaptation to the evolving technological landscape and societal needs.

Success Factors

The success of an engineering firm hinges on several critical elements.

Technical expertise and the ability to deliver complex projects on time and within budget are fundamental. Firms with a track record of successful project completion can build a strong reputation in the industry.

Innovation in engineering solutions and staying ahead of technological advancements can significantly differentiate a firm in a competitive market.

Strategic partnerships and collaborations can enhance the firm's capabilities and access to new markets.

Client relationships and customer service are paramount; firms that maintain clear communication and understand their clients' needs are more likely to secure repeat business.

Lastly, effective project management, a commitment to sustainability, and the agility to adapt to industry changes are essential for the long-term success of an engineering firm.

The Project

Project presentation.

Our engineering firm project is designed to address the complex needs of modern infrastructure and innovation. Situated in a hub of technological development, our firm will offer a comprehensive suite of engineering services, including civil, mechanical, electrical, and environmental engineering solutions. We will cater to both public and private sector clients, providing high-quality, sustainable, and cost-effective engineering designs and consultancy services.

The focus will be on leveraging advanced technology and innovative practices to deliver projects that meet the highest standards of safety, efficiency, and environmental sustainability.

Our engineering firm is poised to become a leader in the industry, contributing to the development of cutting-edge infrastructure and technology that enhance the quality of life and drive economic growth.

Value Proposition

The value proposition of our engineering firm lies in delivering state-of-the-art engineering solutions that address the evolving challenges of the 21st century. Our commitment to sustainability, innovation, and precision engineering offers our clients a competitive edge in their respective markets.

We provide a collaborative approach to project management, ensuring that our clients are involved at every stage of the design and implementation process. This ensures tailored solutions that are both practical and visionary, while also being mindful of budgetary constraints.

Our firm is dedicated to fostering long-term relationships with clients and communities, contributing to societal advancement through responsible engineering practices.

We aspire to be a cornerstone of the industry, setting new standards for excellence in engineering and making a positive impact on the world through our work.

Project Owner

The project owner is an experienced engineer with a broad vision for the future of infrastructure and technology.

With a background in managing complex engineering projects and a strong foundation in sustainable design principles, he is committed to establishing an engineering firm that stands out for its innovative solutions and client-focused approach.

Driven by a passion for excellence and a dedication to advancing the field of engineering, he is determined to lead a firm that not only meets the current demands of the industry but also anticipates future challenges and opportunities.

His commitment to ethical practices, continuous learning, and leadership in engineering makes him the ideal figure to steer this project towards making a significant impact on the built environment and society at large.

The Market Study

Market segments.

The market segments for this engineering firm are diverse and cater to various industry needs.

Firstly, there are construction companies requiring structural engineering expertise for the development of residential, commercial, and industrial projects.

Secondly, the firm serves government entities that need infrastructure planning, transportation design, and public works engineering.

Additionally, the market includes private businesses seeking to improve operational efficiencies through industrial engineering and process optimization.

Lastly, technology companies can be a significant segment, as they require innovative engineering solutions for product development and manufacturing processes.

SWOT Analysis

A SWOT analysis of this engineering firm highlights several key factors.

Strengths include a team of experienced engineers, a strong reputation for delivering quality and timely services, and the ability to handle complex projects.

Weaknesses might involve the high costs associated with acquiring advanced engineering tools and software, as well as the challenge of maintaining a skilled workforce in a competitive market.

Opportunities can be found in the growing demand for sustainable and green engineering solutions, expansion into emerging markets, and the potential for adopting new technologies like AI and IoT in engineering practices.

Threats may include economic downturns affecting construction and development projects, regulatory changes, and the rapid pace of technological change requiring constant adaptation.

Competitor Analysis

Competitor analysis in the engineering sector indicates a competitive landscape.

Direct competitors include other engineering firms, both local and international, offering similar services.

These firms compete on the basis of technical expertise, project delivery times, cost-effectiveness, and innovation.

Potential competitive advantages for our firm include specialized knowledge in certain engineering disciplines, a strong track record of successful projects, and a commitment to sustainability and ethical engineering practices.

Understanding the strengths and weaknesses of competitors is crucial for carving out a unique market position and for strategic planning.

Competitive Advantages

Our engineering firm's competitive edge is rooted in our technical proficiency and client-focused approach.

We possess a deep understanding of various engineering disciplines, enabling us to offer comprehensive solutions from concept to completion.

Our dedication to incorporating sustainable practices and the latest technological advancements sets us apart and aligns with the growing environmental consciousness in the industry.

Moreover, our commitment to clear communication and transparency with clients ensures trust and fosters long-term partnerships.

You can also read our articles about: - the customer segments of an engineering firm - the competition study for an engineering firm

The Strategy

Development plan.

Our three-year development plan for the engineering firm is designed to establish us as a leader in innovative engineering solutions.

In the first year, we will concentrate on building a strong client base by delivering exceptional engineering services and establishing a reputation for reliability and expertise.

The second year will focus on expanding our service offerings and entering new markets, particularly in areas with high demand for engineering innovation.

In the third year, we aim to solidify our presence in the industry by forming strategic partnerships with other firms and investing in research and development to stay at the forefront of technological advancements.

Throughout this period, we will adhere to our core values of precision, efficiency, and client satisfaction to ensure we meet the evolving needs of our clients and maintain a competitive edge.

Business Model Canvas

The Business Model Canvas for our engineering firm targets clients in need of specialized engineering services, including construction companies, government agencies, and technology firms.

Our value proposition is centered on providing cutting-edge engineering solutions, timely project completion, and a commitment to sustainability and safety.

We offer our services through direct contracts, consultancy, and project management, utilizing our key resources such as our team of skilled engineers and state-of-the-art design tools.

Key activities include project design, management, and implementation, as well as continuous improvement and innovation.

Our revenue streams are derived from engineering service fees, consultancy charges, and project management contracts, while our costs are mainly associated with personnel, equipment, and technology investments.

Find a complete and editable real Business Model Canvas in our business plan template .

Marketing Strategy

Our marketing strategy is focused on showcasing our engineering expertise and successful project portfolio.

We aim to engage potential clients by demonstrating our capability to handle complex engineering challenges and by emphasizing our commitment to sustainable practices.

Our approach includes participation in industry conferences, publication of case studies, and hosting webinars to share insights on engineering trends.

We will also foster relationships with industry influencers and leverage social media to enhance our visibility and thought leadership in the engineering sector.

Risk Policy

The risk policy of our engineering firm is designed to mitigate risks associated with project execution, client satisfaction, and regulatory compliance.

We employ rigorous project management methodologies and quality assurance processes to ensure project deliverables meet the highest standards.

We actively manage client relationships to ensure clear communication and alignment of expectations. Additionally, we maintain a robust financial strategy to manage costs effectively.

We also invest in professional indemnity insurance to protect against potential claims arising from our services. Our priority is to deliver exceptional engineering solutions while safeguarding the interests of our clients and our firm.

Why Our Project is Viable

We are committed to establishing an engineering firm that addresses the critical need for innovative and sustainable engineering solutions in a rapidly evolving market.

With our dedication to excellence, client-focused approach, and investment in technology, we are poised to make a significant impact in the industry.

We are enthusiastic about the opportunity to contribute to the advancement of engineering practices and the success of our clients' projects.

We remain adaptable to market changes and are eager to embrace the challenges and opportunities that lie ahead for our engineering firm.

You can also read our articles about: - the Business Model Canvas of an engineering firm - the marketing strategy for an engineering firm

The Financial Plan

Of course, the text presented below is far from sufficient to serve as a solid and credible financial analysis for a bank or potential investor. They expect specific numbers, financial statements, and charts demonstrating the profitability of your project.

All these elements are available in our business plan template for an engineering firm and our financial plan for an engineering firm .

Initial expenses for our engineering firm include the acquisition of specialized software for design and simulation, investment in high-tech equipment for prototyping, office space renovation to create an optimal work environment, professional development and certifications for our engineers, as well as costs associated with brand development and strategic marketing initiatives to establish our presence in the industry.

Our revenue assumptions are based on a thorough market analysis of the demand for engineering services, taking into account the need for innovative solutions in various sectors such as construction, manufacturing, and technology.

We anticipate a steady growth in client engagements, starting with a conservative client base and expanding as our reputation for delivering high-quality engineering solutions grows.

The projected income statement outlines expected revenues from our engineering services, project costs (software licenses, materials, subcontractors), and operating expenses (office rent, marketing, salaries, etc.).

This results in a forecasted net profit that is essential for assessing the long-term viability of our engineering firm.

The projected balance sheet presents assets unique to our firm, such as intellectual property, engineering equipment, and software, as well as liabilities including loans and projected operational costs.

It provides a snapshot of the financial standing of our engineering firm at the conclusion of each fiscal period.

Our projected cash flow statement details the inflows and outflows of cash, enabling us to predict our financial needs at any point in time. This will assist us in maintaining a healthy cash balance and preventing liquidity issues.

The projected financing plan identifies the specific sources of funding we intend to tap into to cover our initial costs.

The working capital requirement for our engineering firm will be meticulously managed to ensure we have sufficient funds to support our day-to-day operations, including software and equipment purchases, inventory management, and payroll.

The break-even analysis for our firm calculates the volume of services we need to provide to cover all our costs, including initial investments, and to begin generating profits.

It will signal the point at which our firm becomes financially sustainable.

Key performance indicators we will monitor include the profit margin on our engineering services, the current ratio to evaluate our ability to meet short-term obligations, and the return on investment to gauge the efficiency of the capital we have invested in the firm.

These metrics will aid us in assessing the financial health and overall success of our engineering firm.

If you want to know more about the financial analysis of this type of activity, please read our article about the financial plan for an engineering firm .

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Engineering Business Plan Template & Guidebook

Are you starting an engineering business? The demand for skilled and knowledgeable engineering services has never been higher. Starting an engineering business can be a fulfilling and profitable venture. However, it's important to have a solid business plan in place to ensure the success of your business. Our Engineering Business Plan Template & Guidebook is designed to help you easily create a comprehensive business plan for your engineering business. This guidebook provides step-by-step instructions on how to create each section of your business plan, as well as helpful tips and examples to ensure that your plan is thorough and effective. With our template and guidebook, you can confidently put together a solid business plan to help you achieve your engineering business goals.

Get worry-free services and support to launch your business starting at $0 plus state fees.

• How to Start a Profitable Engineering Business [11 Steps]
• 10+ Best & Profitable Engineering Business Ideas [2023]
• 25 Catchy Engineering Business Names:
• List of the Best Marketing Ideas For Your Engineering Business:

How to Write a Engineering Business Plan in 7 Steps:

1. describe the purpose of your engineering business..

The first step to writing your business plan is to describe the purpose of your engineering business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a engineering business:

An engineering business could have the following purpose mission statement: "Our purpose is to provide innovative engineering solutions that help our clients meet their goals and improve their operations. We are committed to using the latest technology and best practices to deliver high-quality, cost-effective designs that are tailored to the unique needs of each project. Through our expertise and dedication to excellence, we strive to be a trusted partner to businesses, organizations, and individuals in the pursuit of their engineering objectives."

2. Products & Services Offered by Your Engineering Business.

The next step is to outline your products and services for your engineering business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

• What is my business?
• What are the products and/or services that I offer?
• Why am I offering these particular products and/or services?
• How do I differentiate myself from competitors with similar offerings?
• How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your engineering business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your engineering business includes the following elements:

Target market

• Who is your target market?
• What do these customers have in common?
• How many of them are there?
• How can you best reach them with your message or product?

Customer base 

• Who are your current customers? 
• Where did they come from (i.e., referrals)?
• How can their experience with your engineering business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

• How does it work, what features does it have, and what are its benefits?
• Can anyone use this product or service regardless of age or gender?
• Can anyone visually see themselves using this product or service?
• How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

• Which companies are competing with yours today (and why)? 
• Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
• What specific advantages does each competitor offer over yours currently?

Marketing channels

• Which marketing channel do you intend to leverage to attract new customers?
• What is your estimated marketing budget needed?
• What is the projected cost to acquire a new customer?
• How many of your customers do you instead will return?

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4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

• The equipment and facilities needed
• Who will be involved in the business (employees, contractors)
• Financial requirements for each step
• Milestones & KPIs
• Location of your business
• Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a engineering business?

To run an engineering business, you will need a team of trained and certified engineers, as well as a range of specialized equipment and tools, such as computers, software, and testing equipment, for carrying out engineering projects and services. You will also need a well-equipped office or workspace for your staff. In addition to these items, you may also need the following equipment and supplies:

• CAD and other design software
• Project management and scheduling tools
• Office supplies, such as pens, paper, and envelopes
• Marketing materials, such as brochures and business cards
• File storage and organization system

Depending on the specific nature of your business and the regulations in your area, you may also need additional permits or licenses to operate legally. It is important to research and comply with all applicable laws and regulations to ensure the safety and success of your engineering business.

5. Management & Organization of Your Engineering Business.

The second part of your engineering business plan is to develop a management and organization section.

This section will cover all of the following:

• How many employees you need in order to run your engineering business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
• The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
• How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Engineering Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a engineering business varies based on many different variables, but below are a few different types of startup costs for a engineering business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your engineering business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your engineering business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your engineering business plan:

• Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
• Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
• Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
• Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
• Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
• Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

Frequently Asked Questions About Engineering Business Plans:

Why do you need a business plan for a engineering business.

A business plan is a document that outlines the goals and objectives of a business, as well as the strategies and tactics that will be used to achieve those goals. It is important to have a business plan for your engineering business because it helps to focus the efforts of the company, communicate the business's goals and objectives to potential investors, and provide a roadmap for the business to follow. Additionally, a business plan can be used to help secure funding from investors or lenders, who will want to see that the business has a solid plan in place before they provide funding.

How to write a business plan for your engineering business?)

To build a business plan for your engineering business, start by researching your industry, competitors, and target market. Use this information to define your business's goals and objectives, as well as the strategies and tactics that you will use to achieve those goals. Next, create a financial plan that outlines your projected income, expenses, and profit. This should include a projected income statement, cash flow statement, and balance sheet. Once you have all of this information, you can use it to create a comprehensive business plan that outlines the goals and objectives of your business, as well as the strategies and tactics that you will use to achieve those goals. A well-written engineering business plan contains the following sections: Purpose, Products & Services, Marketing Plan (including Marketing Strategy), Operations/Management Plan (including Operations/Management Strategy), Financial Plan (including Financial Forecasts), and Appendixes.

Can you write a engineering business plan yourself?

Yes, you can write a engineering business plan yourself. Writing a business plan is a valuable exercise that can help you clarify your business idea, identify potential challenges and opportunities, and develop a roadmap for success. While there are many resources and templates available to help you write a business plan, the process of creating one is ultimately up to you.

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Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

Engineering Company Business Plan Template

Make a lasting impression and drive your engineering company's success with this professional business plan template..

Articulate vital business elements such as your company's vision, objectives, SWOT analysis, and financial forecast with this clean and sophisticated template designed for engineering companies. With its expert layout and thoughtful attention to detail, this template leaves no stone unturned in providing all of the essential elements required for an effective business plan. What’s more - you can seamlessly integrate brand identity to make a lasting impression.

• Change colors, fonts and more to fit your branding
• Access free, built-in design assets or upload your own
• Visualize data with customizable charts and widgets
• Add animation, interactivity, audio, video and links
• Download in PDF, JPG, PNG and HTML5 format
• Create page-turners with Visme’s flipbook effect
• Share online with a link or embed on your website

Download the engineering company business plan template now to establish a strong foundation for your business growth and success, or explore Visme's brilliant library of plan templates for more creative inspiration and needs.

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Template Specifications

10 Pages, 8.5” X 11” (US Letter)

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This template can be fully customized. You can edit content, change image(s), apply custom colors, input your own fonts and logo, and more.

For professional printing, download as PDF with bleed marks. For regular printing, download as image (JPG or PNG) or PDF without bleeds marks. For online use, your plans can also be shared via link or embedded to a site or blog.

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Every business needs to have a strategic plan in place to be successful. A well-designed plan backed by solid research can help your company achieve its goals, understand the target audience, communicate strategies and tactics, and track the right metrics to analyze performance. Most importantly, it helps you bring your entire team on the same page.

Thanks to Visme’s creative plan templates, it’s easier than ever for any business to create a beautiful and comprehensive document to share with colleagues, team members and top management. From marketing plans and project plans to complete business plan templates, these documents are designed by professionals and contain real information to help you create content that is truly effective.

Customize these plan templates with your own colors, images and text content. Replace the fonts, upload your own brand elements, add your logo and tweak it effortlessly using the drag-and-drop editor. Add or remove pages with a click, insert video, animations and interactive links, tap into millions of free graphic assets, and create a modern plan for a modern business.

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How to Start an Engineering Consulting Business

Below you will learn the key steps to starting an engineering consulting firm.

Download the Ultimate Consulting Business Plan Template

10 Steps to Starting an Engineering Consulting Business

1. conduct market research to determine demand.

An important step to starting an engineering consulting business is conducting market research. To begin, you must learn what services your clients want and how much they are willing to pay for them. There are two ways you can go about conducting this research:

• Survey your target market . This can be done through online surveys, interviews, or focus groups.
• Analyze competing businesses . This can be done by looking at their websites, reading their customer reviews, and contacting their clients to get feedback.

Once you have analyzed the survey data, determine which types of businesses are likely to hire you and how much they are willing to pay. Use this information to set your consulting prices.

2. Name Your Engineering Consulting Business

Once you have analyzed your market and determined what services clients want, it’s time to name your engineering consulting firm startup. While naming a business can be difficult, there are a few rules of thumb to keep in mind:

• Keep it Short : Your business name needs to be short enough for clients to remember and say.  
• Keep it Relevant : Your business name should be relevant to the engineering services you offer and your target market’s needs.
• Keep it Memorable : Using clever ideas and words, help your audience connect with your business.
• Focus on Your Target Market :  Make sure that whoever sees or hears your engineering company name understands who you are targeting as clients.

Read our article about choosing the right business name .

3. Choose Your Business Structure and Set-Up Your Company’s Legal Entity

As with any business, the type of legal entity you set up is critical.  After all, you want your company to be treated as a separate entity, not just an extension of yourself.  There are several types of structures in which you can start your engineering consulting company. Three popular options are sole proprietorship, S-corporation and LLC (limited liability company).

• Sole Proprietorship :  A sole proprietorship is one in which the business and the owner are considered to be one entity. Therefore, you are personally responsible for all debts and liabilities your engineering consulting firm may incur. One benefit of this type of structure is that it’s easy to set up and there are no formal filings required.
• S-Corporation : An S corporation is a type of C Corporation that was designed by the IRS to help small corporations minimize their paperwork while still gaining many of the tax benefits of incorporating. It also offers protection for business owners in case of lawsuits and other liabilities.
• Limited Liability Company (LLC) :  An LLC is a structure in which the company is considered a separate legal entity from its owners. This means that the company is responsible for its own debts and liabilities. This type of structure offers protection for business owners in case of lawsuits.

Read our article comparing the most common consulting business structures .

4. Write an Engineering Consulting Business Plan

A business plan is a document that outlines your business goals, strategies, and how you plan to achieve them. Your engineering consulting business plan should include the following:

• Business Description : Describe what your engineering company does, who your target market is, and how you will differentiate yourself from the competition.
• Industry & Market Analysis : Detail your research on the industry and what services clients are most likely to want.
• Financial Plan : Outline your estimated income and expenses for the next three to five years.

Other sections of your plan will answer other key questions such as the following:

• What are your areas of expertise?
• What services can you offer your clients?
• Who is your target audience?
• How will you differentiate yourself from the competition?

Your business plan should also include several sections that detail your company’s history, current financial situation, and future goals. These sections will allow an investor to learn more about your company before they commit to investing in it.

Read our article about how to write a consulting business plan .

5. Apply for the Necessary Permits and Licenses

You must register your engineering consulting business as a legal entity with the state in which you plan to do business.

To file your business with the state, obtain the necessary forms from the Secretary of State’s website or local County Clerk’s office. You will be required to pay a small fee for filing your business with the state.

Registering with the federal government may or may not be required. You can register your business on the federal level by obtaining an Employer Identification Number (EIN) from the IRS.

Read our article about obtaining the proper consulting business licenses .

6. Determine Your Budget & Apply for Funding as Needed

As with any business, you will need to use your own capital to finance the initial stages of your engineering consulting company.  Your budget may also include several other costs including marketing expenses and the salary you wish to pay yourself.  

After determining how much money you will invest in starting your business, review some options for financing your business.  Here are several financing options that may be available to you:

• SBA Loans : The Small Business Administration (SBA) is a government agency that provides financial assistance to small businesses in the U.S.  
• Bank Loans : Many small business owners are able to secure loans from their local banks. Often, you can borrow money for any purpose that relates to the growth of your company.
• Friends and Family : You can consider getting loans and/or equity investments from friends and family members..
• Angel investors : Angel investors may provide debt or equity funding to you.

Read our article about the costs associated with starting a consulting business to help you determine if funding is needed.

7. Get the Technology & Software Needed to Run Your Engineering Consulting Company Efficiently

As an engineering consulting firm startup, you will need different types of technology to complete projects and keep track of your company’s operations. To simplify the process of starting a consulting business, we’ve provided a list below detailing some items that you’ll need:

Computers : Even if most of your work is done remotely with clients on the other side of the country or world, you will need at least one computer that is dedicated to your engineering consulting company.

Software : Software is an essential component of any consulting business. The right software can help you manage projects, track expenses, and communicate with clients more effectively.

Here are some popular software platforms that may be beneficial to your business:

• Microsoft Office : This software suite includes a variety of applications that can help you manage your company, including Word, Excel, and PowerPoint.
• QuickBooks : This software is designed for small businesses and can help you track income and expenses, create invoices, and manage payroll.
• Basecamp : This project management software can help you manage multiple projects simultaneously and keep track of deadlines and milestones.
• Gmail : Google’s email platform offers several features that can be helpful for businesses, including the ability to access the same email from multiple devices.
• CRM : Customer relationship management software can help you track customer communication, manage leads, and create reports that detail your sales activities.

There may be additional software that is specific to your engineering consulting business. This may include CAD software, software for writing proposals, or software to manage your inventory. Be sure to research the different types of software that are available and find one that will fit the needs of your business.

Read our article about the technology and software you need to run a consulting business .

8.  Market Your Engineering Consulting Firm to Potential Clients

Once you’ve established your engineering consulting company, the next step is to market it to potential clients.

Here are some common marketing strategies used for engineering consulting startup firms:

• Networking : Attend local industry events and meet with people in your network. Introduce yourself and your company and be prepared to pitch your services.
• LinkedIn : LinkedIn is an excellent platform for marketing your engineering consulting startup firm and engaging with engineering industry influencers. Use the site to connect with potential clients, build industry connections, and share content that is relevant to your target market.
• Online marketing : Marketing your business online, such as through a business website and pay-per-click and/or social media marketing, can help you reach a larger audience looking for your services.
• Blogging : A blog can be a valuable marketing tool for your engineering consulting firm. Share engineering industry news, insights into your work, case studies, and more to help potential clients learn more about you and what you offer.
• Guest Posting : Guest posting is a great way to reach potential clients and showcase your expertise. Find blogs in your industry that accept guest posts and submit a high-quality article that will be of interest to their readers.

Marketing your engineering consulting firm can be daunting, but by using a variety of marketing strategies, you can increase the visibility of your company and attract more clients.

You should also consider ways to incentivize potential clients to choose you over another engineering consulting firm. Some incentives that work well include:

• Lower rates : Many consulting businesses offer lower rates on their services to attract new clients.
• Discounts on services : Offering discounts on certain projects may help you win bids against other firms.
• Free consultation : Providing potential clients with a free consultation can help them determine if your company is the best one for their needs.

Learn more about how to market your consulting business .

9.  Establish a Price Structure and Billing System

There are a few factors to consider when establishing your price structure:

• Hourly rates : Charging by the hour is a common way to price consulting services. This allows clients to budget for your services and gives you the flexibility to charge more for complex projects.
• Project rates : Charging a flat fee for a project can be beneficial for both the client and the consultant. It ensures that the client knows what they are paying up front, and it allows the consultant to charge more for more complex projects.
• Retainers : A retainer is a set amount of money that the client pays upfront for services. This can be a good option for clients who need regular consulting services.

No matter which pricing structure you choose, be sure to clearly communicate it to your clients. Additionally, have a detailed invoice template that includes all the engineering services you provided so the client knows exactly what they are paying for.

10.  Manage Client Relationships and Deliver Projects

After finding new clients and marketing your engineering consulting firm, you should begin delivering the projects and getting paid. This means managing client relationships and making sure that clients are happy with your work. Some of the ways to manage relationships with your engineering clients include:

• Regular communication : Keep in touch with your clients regularly, whether it’s through email, phone calls, or in-person meetings. This will help ensure that they are kept up to date on the progress of their project and that any questions or concerns are addressed quickly.
• Detailed reports : Send regular reports to your clients detailing the progress of the project, including how much has been completed and how much is left to do. This will help them stay informed on the project’s progress and ensure that you are meeting their expectations.
• Client feedback : Ask your clients for feedback after the project is completed. This can help you improve your services and ensure that clients are happy with your work.
• Delivering on time and budget : Make sure that you meet your deadlines and stay within the budget that you agreed upon with the client. This will help keep them happy and ensure future business from them.

Delivering projects on time and within budget is essential for an engineering consulting business. It can be beneficial to create a project management plan that outlines how each project will be completed. This will help ensure that all deadlines are met and that the client is happy with the final product.

Learn more about how to effectively manage client relationships .

Starting an Engineering Consulting Business FAQs

Why start an engineering consulting business.

There are many reasons to start your own engineering consulting firm. The most likely is that you are an experienced engineer who wants to use your skills to help others while earning a nice income and enjoying the flexibility of being your own boss.

What is Needed to Start an Engineering Consulting Business?

There are a few things you will need to start an engineering firm:

• A business license
• A website or brochure to market your services
• A portfolio of your past projects

What are Some Tips for Starting an Engineering Consulting Firm?

The following tips can help you to start an engineering consulting business:

• Choose the right business structure : There are a few different business structures you can choose from when starting an engineering firm, each with its own pros and cons. For example, a sole proprietorship is easy to set up and maintain but offers limited liability protection for the owner. A limited liability company (LLC) provides more liability protection but is more complex to set up. You should consult with an accountant or lawyer to help you choose the right structure for your business.
• Create  a website or brochure : A website or brochure is essential for marketing your engineering consulting services. Be sure to include information about your experience and qualifications, as well as examples of your past work.
• Get insurance : It is important to have insurance in case something goes wrong while working on a project. Be sure to get the insurance that will protect you and your business.
• Market your services : You will need to market your engineering consulting services to find new clients. Use your website and brochure to market your services, and network with other professionals in your field.
• Stay up to date on the latest technologies : As an engineer, it is important to stay up to date on the latest technologies. This will help you better understand your clients’ needs and how to best help them.
• Manage client relationships : It is important to manage client relationships effectively to keep them happy and get future business from them. Be sure to keep clients informed on the progress of their project, meet deadlines, and stay within budget.
• Keep track of your expenses : Keep track of your expenses so you can stay within your budget. This will help you be more profitable and increase your chances of obtaining future contracts.

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Whether you plan to start a professional engineering consulting business or a construction company, you need a clear roadmap to drive it to success.

Need help writing a business plan for your construction or architecture business?

This library of architecture and construction plans examples here can inspire and guide you as you begin to plan your business. So, don’t worry; we got you covered on that part.

Let’s learn more about these sample construction and engineering plan examples, starting with their benefits.

Benefits of using an industry-specific business plan example

Believe it or not, using an industry-specific business plan example is the best and probably the quickest way of writing a business plan.

Doubt it? Hold, this may change your perception; an extended list of the benefits of using an industry-specific business plan template.

• Inspiration : Reading a business-specific template can be incredibly helpful in getting content inspiration. Furthermore, it helps you gain insights into how to present your business idea, products, vision, and mission.
• Risk-free method : You are taking a reference from a real-life, let’s say, general contractor business plan—so you know this plan has worked in the past or uses a method subscribed by experts.
• Deep market understanding : Analyzing and reading such examples can provide clarity and develop a deeper market understanding of complex industry trends and issues you may not know but relate directly to the realities of your business landscape.
• Increased credibility : A business plan developed using an example follows a standard business plan format, wisely presents your business, and provides invaluable insights into your business.  There’s no question it establishes you as a credible business owner, demonstrating your deep business and market understanding.
• Realistic financial projections : Financial forecasting being a critical aspect of your plan, this real-life example can help you better understand how they project their financials—ultimately helping you set realistic projections for your business.

These were the benefits; let’s briefly discuss choosing an engineering business plan example that best suits your business niche.

Choosing a Construction or Engineering Business Plan

This category has multiple business plan templates for various construction businesses. With many similar business types and templates, you may not find the most suitable one through manual scrolling.

Here are the steps to consider while choosing the most suitable business plan template.

Identify your business type

Are you going to be a construction company? Or a general contracting business? Or an engineering business?

Asking yourself these questions will help you identify your business type, which will help in choosing a niche-specific business plan template.

Once you identify your business type, you can choose between templates for different business segments.

Search for the template

We have an in-built search feature, so you can easily search for a business-specific template using your business name as a key term(e.g., Architecture business plan). Once you have the search results, choose the most suitable one. Simple as that.

Review the example

Look closely at the content of the sample business plan you are considering. Analyze its sections and components to identify relevant as well as unnecessary areas.

Since all the Upmetrics templates are tailored to specific business needs, there won’t be many fundamental customizations. However, a hybrid business model targeting multiple customer segments may require adjustments.

No big deal—you can view and copy sections from other business plan examples or write using AI while customizing a template.

That’s how you find and select the most suitable business plan for your construction, contracting, or plumbing business. Still haven’t found the perfect business plan example? Here’s the next step for you.

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Business Plan Template for Engineers

• Great for beginners
• Ready-to-use, fully customizable Subcategory
• Get started in seconds

Thinking of starting your own engineering business or seeking funding from investors? Look no further than ClickUp's Business Plan Template for Engineers! This template is specifically designed to help engineers outline their goals, strategies, financial projections, and marketing plans, providing a comprehensive framework for their engineering ventures. With this template, you can:

• Clearly define your business objectives and target market
• Outline your strategies for success and growth
• Create financial projections to impress potential investors
• Develop a solid marketing plan to attract clients and customers

Don't let the daunting task of creating a business plan hold you back. Get started with ClickUp's Business Plan Template for Engineers and turn your engineering dreams into a reality!

Business Plan Template for Engineers Benefits

When engineers utilize the Business Plan Template, they gain a multitude of benefits to help kickstart their engineering ventures:

• Streamlined organization of business goals, strategies, financial projections, and marketing plans
• Clear communication of the engineering venture's vision and mission to potential investors or stakeholders
• Increased credibility and professionalism in the eyes of investors or lenders
• Strategic analysis of the engineering market, competition, and potential risks
• Comprehensive financial projections that demonstrate the venture's profitability and potential return on investment

Main Elements of Engineers Business Plan Template

ClickUp's Business Plan Template for Engineers provides the perfect structure for engineers to showcase their ideas, strategies, and financial projections to potential investors. Here are the main elements of this template:

• Custom Statuses: Track the progress of your business plan with statuses like Complete, In Progress, Needs Revision, and To Do, ensuring that all tasks are organized and on track.
• Custom Fields: Utilize custom fields such as Reference, Approved, and Section to add important details and keep all relevant information easily accessible within each task.
• Custom Views: Access different perspectives of your business plan with views like Topics, Status, Timeline, Business Plan, and Getting Started Guide, allowing you to analyze your plan from various angles and ensure comprehensive coverage.
• Collaboration Tools: Enhance teamwork and streamline communication with features such as task comments, file attachments, and real-time collaboration, enabling engineers to work together seamlessly on their business plan.

How To Use Business Plan Template for Engineers

Creating a business plan as an engineer can be a daunting task, but with the Business Plan Template for Engineers in ClickUp, you can simplify the process. Follow these five steps to create a comprehensive and effective business plan for your engineering venture:

1. Define your business goals and objectives

Start by determining the purpose and goals of your engineering business. Consider what services you will offer, your target market, and the unique value you bring to the industry. This will help you establish a clear vision for your business.

Use the Goals feature in ClickUp to set specific, measurable, attainable, relevant, and time-bound (SMART) goals for your engineering business.

2. Conduct market research and analysis

To develop a successful business plan, you need to understand your market and competition. Research the engineering industry, identify potential customers, and analyze the demand for your services. This will help you identify market trends, assess the competitive landscape, and determine your competitive advantage.

Use the Docs feature in ClickUp to compile your market research findings and create a comprehensive analysis of the engineering industry.

3. Develop your business strategy

Based on your market research, outline your business strategy. Define your target market, pricing strategy, marketing plan, and sales approach. Additionally, determine your operational processes, resource requirements, and key partnerships that will support your business operations.

Utilize the Board view in ClickUp to visually map out your business strategy and create actionable tasks for each component.

4. Create a financial plan

A crucial aspect of any business plan is the financial plan. Project your revenue, expenses, and cash flow to determine the financial feasibility of your engineering business. Include details such as startup costs, ongoing expenses, pricing structure, and revenue projections.

Use the Table view in ClickUp to create a financial spreadsheet and track your expenses, revenue, and profitability.

5. Monitor, evaluate, and revise

Once your business plan is in place, it's important to regularly monitor its progress, evaluate its effectiveness, and make necessary revisions. Keep track of key performance indicators, assess your business's performance against your goals, and make adjustments as needed to ensure your engineering business stays on track.

Set up recurring tasks and reminders in ClickUp to review and update your business plan regularly, ensuring it remains aligned with your evolving goals and market conditions.

By following these steps and utilizing the Business Plan Template for Engineers in ClickUp, you can create a well-structured and comprehensive business plan that sets your engineering venture up for success.

Get Started with ClickUp’s Business Plan Template for Engineers

Engineers who are starting their own businesses or seeking funding from investors can use the Business Plan Template for Engineers in ClickUp to create a comprehensive plan for their engineering ventures.

First, hit “Add Template” to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you’d like this template applied.

Next, invite relevant members or guests to your Workspace to start collaborating.

Now you can take advantage of the full potential of this template to create a solid business plan:

• Use the Topics View to outline and organize different sections of your business plan, such as executive summary, market analysis, product development, and financial projections
• The Status View will help you track the progress of each section, with statuses like Complete, In Progress, Needs Revision, and To Do
• The Timeline View will provide a visual representation of your business plan, allowing you to set deadlines and milestones for each section
• The Business Plan View will give you a comprehensive overview of your entire plan, allowing you to easily navigate between sections and make updates
• Use the Getting Started Guide View to get a step-by-step breakdown of how to use the template and create your business plan
• Customize the Reference, Approved, and Section custom fields to add additional information and track the status of each section
• Collaborate with team members and stakeholders to gather input, make revisions, and ensure your business plan is comprehensive and compelling.
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Engineering Consulting Business Plan

There is a business outside in which one does not do the actual work. Instead he just give some consultation. The job is simply called consultation. And there are many kinds of consultation out there. Thesis consultation. Music consultation. Marriage consultation. Party consultation. And there is an engineering consultation.You may also  financial consulting business plan examples

• 10+ Interior Design Catalog Examples
• 5+ Business Consulting Business Plan Examples

Before going deeper into the world of consultation, let us dissect first the words engineering and consultation.

Engineering Consultancy Example

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Business Planning Example

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Sample Business Plan Example

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What is engineering

In its broadest sense is the study of industries and its applications. It utilizes mathematics, technology, science and other mathematical solutions to construction works. Engineering is like writing music but in a concrete means and approach instead of an abstract approach.You may also see  business plan .

What is consultation

Consultation on the other hand is the discussion of one particular case by someone to another who is expert in the field. For example. if one wants to seek advice from someone about spiritual problem. You know where you go to, a priest. Or if you are writing a thesis, and you want some advice, then you go to someone who is and expert of the field. Or if you want to know anything about health matters, you go to a doctor in general medicine. But that is basically what consultation is about.You may also see  importance of business plans .

What an Engineering Consultant Does

So an engineering consultant’s job is to provide consultation to the general public. Informing them of the best possible action to be done in a construction work such as designing and erecting a building.You may also see  business plan guidelines examples .

Engineer vs  Architect

If you are new to the word of engineering, you may be confused if there is any difference between the two. From the looks of it, they seem to do just one thing. Construct building. But looking closely, the two jobs have really different roles in the making of a construction work. You may also like  business operational plan examples .

Architect focuses on the design of the construction. An architect is responsible for how a building, bridge, any edifice or architectural structure, should look like.

The engineer on the other hand focuses on the mathematical, that is the technical and structural side of the construction.You may also see  social media marketing plan

Both the architect and engineer can make up a good team in realizing a germ of design, the plan in the blue print.

Can engineers do what architects can do, and can architects do what engineers can do? Technically, they can. Legally, they can’t. But there are many cases where a engineers are also architects, and there are also architects who happen to be engineers, too.You may also check out  hotel business plan examples .

Does one require one another?

Generally, the standard and professional way of constructing a building requires to have both an engineer and an architect. That is the standard and the legal way of doing it. But there are many cases in which buildings, especially small houses, are constructed by just one part, either by the engineer only, without an architect. Or by an architect without an engineer. This do not happen though in big constructions such as the one found in the city.You might be interested in  market analysis business plan examples .

The blue print is where the engineer, architect put into writing in graphical design their ideas that they base in realizing the construction. It is like a business plan in the world of marketing, but in the form of a drawing, a design, a sketch, made of lines and numbers.You may also like  business plan outline with examples .

Kinds of Engineer

Originally, there were only four categories in the engineering industry.

• Mechanical, it the branch of engineering that deals with the design, construction, and use of machines
• Chemical, is the branch of engineering that deals with the design and operation of industrial chemical plants
• Civil,  is the branch of engineering that looks for ways on how people can live a convenient life or to make our living condition less difficult to live.You may also check out  implementation plan examples .
• Electrical, is the branch of engineering that deals with electricity and its technologies.

Now, engineering has increased to at least six.

• Management, this is the kind of engineering that combines the general kinds of engineering (technical and structural) with business.You may also like  company plan examples .
• Geotechnical, is the branch of engineering that focuses on the rock formation, the roads, soil, pathways, highways, and the likes.

But wait, the number of engineering categories has increased in numbers recently, and there can be around, at least, 40 of them now, (and counting.) But there may not be a need for us to mention all of them. But you have the basic idea of what engineering is in general.You may also check out  advertising plan examples .

Consulting Engineer Example

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Steps to Becoming an Engineering Consultant

1. earn a degree in engineering.

Obviously, you need to have a degree to become an engineer. It is like the idea of selling, before you can sell something, you need to have something to sell. And before you can be a consultant, you need to know about the things your client expected from you. And you can only do that if you study engineering. Of course, you can be a consultant in engineering without a degree, but that will not sound legal.You may also see  importance of business plans .

2. Gain Work Experience and Training

At the start of your career, you need to have experiences. Engineering theories are necessary, but so do with experience. You can be a consultant even without much background of experience. But you may loose in the competition. But like getting a degree, it takes patience and time to gain experience. Consider it as an investment. You can start by working for someone, either as full time engineer, or may just an assistant.You may also see  business plan guidelines examples .

3. Become a Licensed Professional Engineer

Getting a degree is great. Kudos to you. But getting a license is another thing. And getting one is not that difficult if you are not that lazy in terms of studying. The fact that you are able to finish the degree, which means you have gone through plenty of study, it means that you can pass the board exam easily.

4. Start Your Own Consulting Firm

If you already have those three, you are an engineer, you have some experience, and you are now have a license, your next step is to have your own independent corporation. It does not have to be that big. A small office will do. Advertising matters. But that is another discussion. You may also check out  implementation plan examples .

5. Get a Master’s Degree or Ph.D.

Great, you have those first four steps. You have your own firm now, but need to shine, you need to be on top of the competition. And the way to do that is to get an MA or a PhD. It would also be great if the members of your team have a certificate. That way, you are yourself convinced that you have a good, strong team. You might be interested in  annual plan examples .

Advantages of Hiring an Engineering Consultant

There is a an advantage when hiring a professional. One is you can trace his background.

1. Consultant fees.

Expensive. Yes it is expensive. Hiring an expert can be expensive. But, you can be assured that what you pay will return to you. The cost that you have spent will become an investment in the long run. Why, because you are getting a quality service, quality product, expert level skills. And the output of what you get will last longer than if you just do it the cheap method. You may also see  coffee catering business plan

2. A fresh outside perspective.

With an engineering consultant, you are assured that the services you get are the latest ones. And you have a perspective other than your own. That can be a great advantage.

3. Experience and intelligent advice.

Bear in mind, that you are hiring a professional, licensed engineer. You can be assured that the output of his works is exceptional, professional.You may also like  quality plan examples .

4. Specialized skill.

If you have particular concepts in mind that you want to realize, you have the choice to get someone with a specialized skill. If you do the construction planning yourself, chances are it may not be the best available there is. Remember, there are many kinds of engineering. You just need to know what specific service you are looking for, because there can be a specific engineer for that particular service. You might be interested in  daily plan examples .

5. Ready made business plan.

If you hire an engineering consultant, you do not have to think of anything  else. He will do the planning for you.

Disadvantages of Not Hiring a Consultant

The problem with not hiring a professional consultant is quality.  You can compromise with anything else, but not with quality. Engineering is about construction. And construction is about buildings. And buildings is about people staying in a place. The compromise is safety. And safety is the one thing that an engineer prioritizes over anything else. If the one constructing the building does not have that vision, and if that is not his priority, then that is just a waste of money. If you hire a professional engineer, you spend so much money, but it will return in the long run because the quality of the building will last longer. You may also see  consulting business plan.

Engineering Consulting Example

Consulting Engineer Sector Example

Business Plan

Proposal as the stepping stone in a business plan.

A proposal is necessary before making a business plan. As an engineer, you can deal with your clients without making some proposals. But it is not all the case wherein clients come to you. There will be times where in you will have to be aggressive in purporting your engineering business firm to prospective clients.

A portfolio in engineering means the projects that the engineer or the business firm has made. If you have a portfolio, it would not be difficult to make a business plan because the portfolio will the the thing, the portfolio will explain the kind of engineering services you are offering. You may also see  strategic plan examples .

Marketing may not be your domain as a mainstream engineer, unless you are in a management engineering. But if you want to increase in you business as engineer, you need to know a bit about marketing.

1. Connection. Connection is a key element in marketing. If you are not connected to people, you will never grow in your business. You may also see  free business plans .

2. Flyer. One way to connect with the audience is by giving them flyers or brochures. It is just a little thing, but it means something.

3.Advertisement. One way to advertise your engineering business firm, is through TV, radio, and the Internet.

The business of engineering consultation is a good business, if you can establish a good relationship with the audience.You may also see  event project plans .

Consulting Engineering Firm Example

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Construction Program Business Plan Example

Engineering Entrepreneurship Example

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So what is a good engineering business plan?

1. strategy and vision.

A good engineering business plan must include a vision. A vision that supports and realizes the goals and intention of the clients. And to realize this vision, it has to have some strategies.

2. Standardization

To meet standards, it must follow correct procedures in every transaction. These are the standards as required by the different government agencies that monitors culture, security, health.

3. Timeframe

Timeframe is observed so that deadlines are met, but without compromising quality of work.

Quality is achieved not just by the use of materials but also the kind of people that are part of the team. If your materials are good, but you do not have an excellent team, then the quality of materials will just be wasted in the output.You may also like  business operational plan examples .

5. Teamwork

But an excellent team is nothing if the members have no cooperation. Teamwork is about one member knowing what he is supposed to do without the need to be in conflict with the rest of the team.

6. Customer Interaction

But no matter how you have a good and quality team if you have no interaction, or if you have no connection with the audience, prospective customers, clients, then no business will happen.You may also see  annual plan examples .

Engineering business or business in engineering is about building relationships. And building relationship is made easier if understood in the mechanics of engineering. It is reaching out to the audience, and making sure they will stay. It is about doing quality projects for the clients, and being consistent, and even going beyond quality.You might be interested in  market analysis business plan examples .

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Engineering Consulting Business Plan Sample

The guidelines within this sample business plan will provide you with a good overview of starting an engineering consulting business..

Related Topics

7 tips on how to become a successful entrepreneur in the construction business, construction business plan, commercial contractor business plan.

The guidelines within this sample plan will provide you with a good overview of starting an engineering consulting business. Use this example to compile your own.

1. Executive Summary

StructureAll Ltd. will be formed as a consulting firm specialising in structural engineering services. A home office in Yellowknife, NT will be established the first year of operations to reduce start up costs.

The founder of the firm is a professional engineer with eighteen years of progressive and responsible experience.

The founder, Philip Nolan, provided an initial investment towards start-up costs. Of this, more than half is required for start-up expenses while the balance is to to be placed in the company accounts as working capital.

The firm will specialise in providing three dimensional modeling and visualisation to our clients. State-of-the-art analysis and design tools will be an integral part of the business plan. Implementation of a quality control and assurance programme will provide a focus for production work.

1.1 Objectives

• Modest revenues the first year, with slow by steady growth over the next two years.
• Achieve 20% of market value at the end of the third year of operation.
• Increase gross margin significantly by the third year of operations.

1.2 Mission

Our mission is to provide clients across Canada’s North with structural engineering services for all types of buildings, from concept planning through to completion, with a highly skilled professional team working together, using common sense and practical experience.

1.3 Keys to Success

• Provide professional quality services on time and on budget.
• Develop a follow-up strategy to gauge performance with all clients.
• Implement and maintain a quality control and assurance policy.

2. Company Summary

StructureAll Ltd. is a new company which provides professional engineering design services for clients which manage, maintain, and plan for residential, commercial, and industrial type buildings.

Our focus will be the public sector market in remote communities across Canada’s North.

2.1 Company Ownership

StructureAll Ltd. will be created as a limited liability company. The company will be privately owned by Philip D. Nolan. Leslie C. Goit will also be listed as a Director.

2.2 Start-up Summary

Our start-up expenses allow for initial legal expenses, licenses, permits, stationary, specialty software, office equipment, and furniture.

In addition to these start-up costs, an initial balance will be placed in the company accounts. The software purchases include an allowance of $5,000 for AutoCADD® 2000, $1,800 for National Master Specifications, and $200 for QuickBooks® (accounting package).

Philip Nolan will contribute towards the overall start-up costs.

2.3 Company Locations and Facilities

We will establish a home office in Yellowknife, NT in order to reduce start-up costs.

The office space is estimated to be 150 square feet. We will be installing a dedicated fax line as well as a high-speed Internet connection. An interactive website will also be developed which will serve as a marketing tool.

The domain name of “structureall.com” has already been reserved.

3. Services

StructureAll Ltd. offers complete structural engineering services. We will focus on buildings with the following ‘Use and Occupancies’:

• Residential.
• Commercial.
• Industrial.

The company is ‘project’ oriented where each project involves:

• Renovations.
• Rehabilitation.
• New construction.

We offer innovative and economical design services, maintaining state-of-the-art design technology. We meet client needs on projects of all sizes and smaller, special design projects.

3.1 Competitive Comparison

StructureAll Ltd. offers their clients superior service accompanied with state-of-the-art analysis and design capabilities.

We will offer three-dimensional visualisation services to reduce the possibility of spatial conflicts with architectural elements and other engineering disciplines. In comparison, our competitors rely mostly on two-dimensional models.

We will implement a quality assurance and control program for all projects undertaken. This document will serve to focus on the standards which will be achieved and a means of measuring performance.

A systematic manner of sorting and retrieving a library of structural elements and assemblies will be implemented. Slide libraries will be available from a tool bar within AutoCADD for quick access.

We will adopt the layering standards of the American Institute of Architects (AIA). In comparison, our competitors do not have an integrated database. StructureAll Ltd. will adopt the filing systems developed by the AIA.

All project information will be tracked using an integrated database management system. All of our business tools will be year 2000 compliant.

3.2 Sales Literature

A brochure system, which covers a broad spectrum of the target market segment will be developed during the initial year of operations.

This system will be modular in nature and include many ‘boiler plate’ sections which may be edited to suit specific needs. Brochure inserts will be maintained as individual sheets to facilitate their assembly in any custom situation.

Our website will be developed the first year of operations and include a description of our services, the areas which we plan to serve, contact information, a list of representative projects, and a brief biography of Philip D. Nolan.

An Internet domain name has already been reserved for this purpose … http://www.structureall.com A series of templates will be developed for project proposals. The format for all proposals will include:

• Cover letter.
• Scope of services for each project.
• Fee (if requested).
• Firm’s qualifications to provide services (overview).
• Project Team (describes each person’s tasks and qualifications).
• Philosophy of design approach.
• Relevant experience.
• Schedule to provide services.

3.3 Service Description

• Project Consulting: Proposed and billed on a per-project and per-milestone basis, project consulting offers a client company a way to harness our specific qualities and use our expertise to develop and/or implement plans, from conceptual planning to turnover. Proposal costs will be associated with each project.
• Forensic Investigations: Proposed and billed on a per-project and per-milestone basis, our investigations will serve the public and private sector markets. We will focus on troubleshooting buildings where damage and or failure has occurred. Our reports will outline the description of the problem, the nature of the mechanism which has caused damage or failure, and a list of options for remedial action including estimated budget costs for implementation.
• Project Management: Our project management services include defining client needs, preparing bid documents, tendering, bid analysis, construction review, payment certification, contract administration, and warranty inspections. Projects include new facilities, renovations, repairs, and remodeling.
• Dispute Resolution: We draw upon our broad range of construction and contract administration experience to provide dispute resolution services, including arbitration, mediation and expert reports for litigation. This work is supported by forensic engineering services to identify the cause of failures.
• Restoration Engineering: We provide condition survey, design, and construction review services for the repair of building structures.
• Home Inspections: We will provide prospective homeowners with an assessment of the various systems in a residential home, including foundations, framing, building envelope and efficiency, mechanical systems, electrical systems, and general safety issues. We provide a photographic record along with a thorough written report.

3.4 Fulfillment

We will turn to qualified professionals to supplement computer aided design and drafting (CADD) services, specialty connection designs, and analysis support services which are areas that we can afford to contract out without risking the core values provided to the clients.

We have fostered several alliances with suppliers of structural elements, including glued laminated lumber, pre-engineered dimension lumber trusses, engineered lumber, and steel to facilitate this strategy.

In the second year of operations, we intend to secure a storefront presence in Yellowknife. At this stage, we will seek qualified northern engineering students to provide them with work experience in a structural engineering office environment.

3.5 Technology

StructureAll Ltd. will maintain complete and comprehensive Windows® based analysis tools for structural design.

An integrated computer aided design and drafting tool permits several evaluations to be made on a structure at minimal cost. StructureAll Ltd. will maintain an Internet website complete with file transfer protocol (ftp) capabilities.

3.6 Future Services

Quality Control and Assurance: Serving the needs of the welding industry, we will ensure that certified firms and their employee welders are qualified to perform specific welds in accordance with the requirements of the Canadian Welding Bureau (CWB) as a certified Welding Inspector. We are currently in the process of completing a comprehensive home study program offered through the CWB for this purpose.

There are four firms presently in the NWT which require these services in order to maintain their certification with the CWB. On-site inspections are required four times per year.

Fabrication and Detailing Drawings: Serving the special needs of steel and concrete construction, StructureAll Ltd. will be working toward offering these services to contractors in the future.

Toll-Free Communications: We will provide our clients a toll-free number to access 24 hours a day in the second year of operations.

4. Market Analysis Summary

StructureAll Ltd. will focus on traditional Architect/Engineering (A/E) contracts.

The owner will usually contract the A/E to perform planning and design services. These design services include preparation of plans, specifications, and estimates.

Construction services may be limited to occasional field visits and certain contract administration requirements.

Typically, these types of projects distribute total design fees amongst the professionals involved in accordance with the following guideline:

• Architecture Design (65%).
• Structural Design (10%).
• Mechanical Design (15%).
• Electrical Design (10%).

Our most important clients will be established architectural/engineering firms who require structural engineering services.

4.1 Market Segmentation

The market for engineering services may be summarised with the following groups:

• Established Architectural and Engineering firms: Typically, the structural portions of any building project involve a Prime Consultant who pre-selects their team members and promotes their strengths in a proposal call to prospective clients. Our strategy is to offer these established firms a viable resource from which to draw upon. We can undertake the entire structural engineering process or provide assistance to their own in-house staff.
• Territorial and Federal Governmental Departments: The Government of the Northwest Territories (GNWT) and the newly created Nunavut Territory retain consultants for a variety of purposes. We intend to position ourselves as a local firm offering expertise in consulting, project management, forensic, and restoration engineering. The Federal Government also retains consultants for similar purposes.
• Law Firms: We will market our services to the legal community to provide dispute resolution services, including arbitration, mediation and expert reports for litigation. This work is supported by forensic engineering services to identify the cause of failures.
• Contractors: We will offer design/build services to contractors for the multitude of potential projects which the Territorial Government and Nunavut Territory have recently undertaken. Contractors occasionally require structural engineers to submit sealed alternatives for equivalents to construction details.
• Municipal Governments: Remote Municipal Governments in the Territories can expect to have more autonomy with respect to infrastructure growth and development in the years to come. This initiative is part of the GNWT mandate. We will promote our services to the local municipal governments for this purpose. To attract this market potential, we will offer to train those students in each community who are interested in engineering as a career choice. On the local front, the City of Yellowknife often provides recommendations to builders and homeowners for structural engineering services related to renovations, additions, and new construction.
• Private Individuals: We will focus attention on homeowners in Yellowknife who are renovating or contemplating an addition to their residence. We will also promote home inspections to those parties contemplating the purchase of a home.
• Realtors: In conjunction with home inspections, we will make all the Realtors aware of this service.

4.2 Service Business Analysis

The following sections describe in more detail these aspects of the service business environment:

• Business Participants.
• Competition and Buying Patterns.
• Main Competitors.

4.2.1 Business Participants

The majority of consulting services cater to the needs of the Territorial Governments. The Territorial Governments operate on a budget of approximately $1,170 million per year, based on the 1998/1999 Main Estimates. Of this total, approximately $1,028 million is spent on Operating and Maintenance Expenditures while $142 million is allocated to Capital Expenditures.

Within the Capital Expenditures, Buildings and Works is a sub-category. This is the area of the annual operating budget from which all building design consultants must draw upon. Our analysis of the 1998/1999 Main Estimates indicates a total expenditure of $59,339,000.

A typical A/E contract derives fee estimates from total budgets. For this analysis, we will apply 9% as a guideline for design fees. This yields a figure of about $5,340,000 in design fees available for distribution to the consulting industry.

The major clients within the Territorial Governments include:

• Department of Education.
• Department of Transportation.
• Department of Municipal and Community Affairs.

Our competition matrix indicates a total of 102 persons within the consulting field in the Territories. This total has been subdivided into the types of positions these people hold.

Based on reasonable estimates of salary expectations including 30% burdens for administration yields a value of about $7,800,000. This figure represents an estimate of the revenues required to sustain engineering consultants in the Territories.

From this evaluation, the Territorial Governments account for close to 70% of design fees while other participants in the building marketplace account for the balance. The Territorial Governments retain consultants for the following types of buildings:

• Health Centres.
• Community Halls.
• Warehouses.

These types of buildings are constructed on a rotating basis across several communities in the NT. In addition to new construction, rehabilitation, renovations, and additions are also in demand.

Typically, the Territorial Governments issue a proposal call to consultants to service these needs. StructureAll will position itself as a Structural Sub-Consultant or resource to the Prime Consultant. StructureAll Ltd. will also promote its services as structural specialists and project managers to the Territorial Governments.

4.2.2 Competition and Buying Patterns

Pricing of projects and billing rates are surprisingly variable. In consulting at this level, it is easier to be priced too low than too high.

Clients and potential clients expect to pay substantial fees for the best quality professional advice. The nature of the billing, however, is sensitive. Clients are much more likely to be offended when a job starts at $20K and ends up at $30K because of overruns, than if the same job started at $30K or even $35K.

Clients rarely compare consultants directly, looking for two, or more, possible providers of a proposed project or job. Usually they follow word-of-mouth recommendations and either go for the job or not, rather than selecting from a menu of possible providers.

The most important element of general competition, by far, is what it takes to keep clients for repeat business.

It is worth making huge concessions in any single project to maintain a client relationship that brings the client back for future projects.

4.2.3 Main Competitors

• Ferguson Simek Clark (FSC Group): This well established architectural and multi-discipline engineering firm would be our main competitor. This firm has branch offices in Iqaluit, NT and Whitehorse, YT besides a head office located in Yellowknife, NT. Their principal strength is undertaking a project from inception through to completion under one roof. Their weakness stems from an understaffed structural engineering group. At present, there is only one structural engineer who services the needs of all their in-house architects and outside clients. The drafting aspects of any project rely upon recollection and modification of past projects typically. There is no systematic manner in which standard block libraries are maintained or updated. They underutilise the programs at their disposal for structural analysis and design.
• A.D. Williams Engineering Ltd. (ADWEL): This multi-discipline engineering firm is well established in Yellowknife. Their head office is located in Edmonton, Alberta. They can draw on additional resources from the core group as required to meet the demands of project schedules. At present, there is no resident structural engineer on staff in Yellowknife.
• Girvan and Associates: This is a small one person architectural and engineering firm which specialises in providing services for residential construction projects. Ian Girvan services the private sector mostly. It is our hope that we can form a strategic alliance to carry out consulting work jointly as needs and occasions arise.

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Engineering Consulting Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Construction & Engineering

Are you about starting an engineering consulting company? If YES, here is a complete sample engineering consulting business plan template & feasibility report you can use for FREE .

Okay, so we have considered all the requirements for starting an engineering consulting company. We also took it further by analyzing and drafting a sample engineering consulting marketing plan template backed up by actionable guerrilla marketing ideas for engineering consulting companies. So let’s proceed to the business planning section .

If you have ample experience in any of the engineering fields and you want to become your own boss, one of the businesses that you should consider starting is to open an engineering consulting firm.

One good thing about this business is that if you are grounded in the engineering industry and you have been able to provide some solutions to some engineering challenges, then you are likely going to get referrals from top clients even government agencies.

The truth is that as an engineering consultant, there are loads of industries that you can consult for. You can work for the construction industry, water resources, oil and gas, production, engineering and a host of other industries as long as it involves machines, or engines or any technology.

If you are looking to go into engineering consulting business, the good news is that you can’t get it wrong. It is important to state that starting an engineering consulting firm comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business.

An aspiring entrepreneur can either choose to start by choosing a niche or offering general engineering consulting services.

So, if you have decided to start an engineering consulting firm, then you should ensure that you carry out thorough feasibility studies and market survey. Business plan is yet another very important business document that you should not take for granted when launching your own business.

Below is a sample engineering consulting firm business plan template that can help you to successfully write your own with little or no difficulty.

A Sample Engineering Consulting Firm Business Plan Template

1. industry overview.

Engineering consulting firms are part of the engineering consulting services industry and firms in this industry provide engineering consulting services, which characteristically relate to the design, development and utilization of infrastructure projects, machinery, processes and systems.

Engineering consulting firms offer advisory services, feasibility studies, preparation of preliminary and final plans and design, technical services during project construction, and inspection and evaluation of construction and engineering projects. It is important to state that the industry does not manage or organize construction projects.

A close study of the engineering consulting firm industry shows that industry revenue has continued to decline due to weak public spending on large infrastructure projects, as well as relatively weak private investment in new facilities.

Going forward, the industry is expected to grow as increasing corporate profit allows businesses to commit to long-term engineering cum construction projects. Growth is expected to be driven by demand from private non – residential construction.

Statistics has it that in the united states of America alone, there are about 152,646 registered and licensed engineering consulting firms responsible for employing about 1.1 million people and the industry rakes in a whooping sum of $242 billion annually.

The industry is projected to grow at 1.0 percent within 2012 and 2017. It is important to state that no players in this industry have a lion market share in the industry.

A recent report published by IBISWORLD shows that the Engineering Services industry is characterized by many small companies that typically confine operations to a regional market or to specialized niche activities. The report also shows that the industry displays a low concentration of ownership, with the five largest companies generating close to 12.0 percent of industry revenue in 2017.

Despite its low concentration, a significant proportion of revenue is derived from midsize and large firms; the 50 largest enterprises generate close to 40.0 percent of revenue in an industry with more than 130,000 firms. The report further reveals that over the past five years, industry concentration has increased.

As price-based competition increases among major players within the industry, smaller players have been increasingly pushed out of the industry or acquired by their larger competitors.

One good thing about the engineering consulting business is that there are readily available markets for their services, because in most cases, organizations that are looking towards achieving excellence and good results in any of their projects that has to do with engineering would naturally want some professional counsel and input hence the need to hire the services of engineering consulting firms.

2. Executive Summary

Green Belt® Engineering Consulting, Inc. is a licensed engineering consulting firm that will operate in the United States and other parts of the world. We have been able to secure a standard office facility in a busy business district in Little Rock – Arkansas where we intend coordinating all our business activities from all over the world.

We are an engineering consulting firm that is set to compete in the highly competitive Engineering Consulting Services industry not only in the United States market, but also in the global market.

Green Belt® Engineering Consulting, Inc. will offer a wide range of services as it involves general engineering consulting such as:

Chemical engineering consulting, civil engineering consulting, electrical engineering consulting, marine engineering consulting, mechanical engineering consulting, mining engineering consulting, pipeline engineering consulting, product design and plans for fittings, machinery or equipment and inspection and evaluation of projects for players in various industries and government agencies.

We are aware that to run a standard firm can be demanding which is why we are well trained, licensed and equipped to perform well.

Green Belt® Engineering Consulting, Inc. is a client-focused and result driven engineering consulting firm that provides broad-based experience at an affordable fee that won’t in any way put a hole in the pocket of our clients. We will offer a complete range of engineering consulting services to our local, state, national, and multi-national clients and we will ensure that we work hard to provide the required consulting services needed by our clients.

At Green Belt® Engineering Consulting, Inc., our client’s best interest comes first, and everything we do will be guided by our values and professional ethics. We will ensure that we hire certify engineering consultants who specialize in various niche areas in the engineering industry.

We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will at all times demonstrate our commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

Green Belt® Engineering Consulting, Inc. is a family business that is owned and managed by Engr. McCarthy O’Neal.  Engr. McCarthy O’Neal is a graduate of Massachusetts Institute of Technology (both first and second degree).

He is a Certified Engineering Management Professional with over 15 years’ experience working as a senior engineering consultant with one of the leaders in the engineering consulting industry prior to starting Green Belt® Engineering Consulting, Inc.

3. Our Products and Services

Green Belt® Engineering Consulting, Inc. is going to offer varieties of related engineering consulting services within the scope of the engineering consulting industry in the United States of America. Our intention of starting our engineering consulting business is to make profits from the industry and we will do all that is permitted by the law in the US to achieve our aim and objective.

Our business offerings are listed below;

• Providing design and management services for construction and engineering infrastructure projects
• Providing design and management services for environmental projects
• Providing construction management services
• Process management (e.g. assessing engineering and product problems)
• Project planning and economic assessments
• Asset management, including life cycle asset management and management systems
• Feasibility studies, including environmental impact assessment and community consultation
• Quality management assessment and accreditation, industrial and manufacturing projects, energy projects, project management services
• Commercial, public and institutional projects, transportation projects, municipal utility projects, and telecom projects
• Engineering design consulting, testing and analysis, process and systems engineering consulting

4. Our Mission and Vision Statement

• Our vision is to establish a world class engineering consulting firm whose services and brand will not only be accepted in the United States of America, but also in other parts of the world.
• Our mission is to provide professional and result oriented engineering consulting services that will assist businesses, governments, individuals and non-profit organizations in achieving their business goals. We want to build an engineering consulting firm that can favorably compete with other leading brands in the industry.

Our Business Structure

Green Belt® Engineering Consulting, Inc., is an engineering consulting firm that will be launched in Little Rock – Arkansas, but we hope to grow big and secure engineering consulting contract from big corporations from all over the world.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own, which is why we are committed to only hire the best hands within our area of operation.

At Green Belt® Engineering Consulting, Inc., we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all our stakeholders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer/Lead Consultant
• Engineering Consultants

Legal Secretary

Admin and HR Manager

• Business Developer (Marketing and Sales Executive
• Customer Service Executive

5. Job Roles and Responsibilities

Chief Executive Office/Lead Consultant:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Responsible for drawing up contracts and other legal documents for the company
• Produces information by transcribing, formatting, inputting, editing, retrieving, copying, and transmitting text, data, and graphics; coordinating case preparation.
• Provides historical reference by developing and utilizing filing and retrieval systems; recording meeting discussions; maintaining transcripts; documenting and maintaining evidence.

Engineering Consultant 

• Delivers design and management services for construction and engineering infrastructure projects
• Offers design and management services for environmental projects
• Provides construction management services
• Handles project planning and economic assessments
• Responsible for handling feasibility studies, including environmental impact assessment and community consultation
• Responsible for handling quality management assessment and accreditation, industrial and manufacturing projects, energy projects, project management services
• In charge of commercial, public and institutional projects, transportation projects, municipal utility projects, and telecom projects
• In charge of engineering design consulting, testing and analysis, process and systems engineering consulting
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Designs job descriptions with KPI to drive performance management for clients
• Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Oversees the smooth running of the daily office activities

Business Developer 

• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Helps to increase sales and growth for the company
• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensuring compliance with taxation legislation
• Handles all financial transactions for the company
• Serves as internal auditor for the company

Client Service Executive

• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the manager in an effective and timely manner
• Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries
• Receives Visitors / clients on behalf of the organization
• Receives parcels / documents for the company
• Handles enquiries via e-mail and phone calls for the organization
• Distribute mails in the organization
• Handles any other duties as assigned by the line manager

6. SWOT Analysis

Because of our overall vision of competing at the peak in the engineering consulting services industry, Green Belt® Engineering Consulting, Inc. engaged the services of a professional in the area of business consulting and structuring to assist the firm in building a reputable and result oriented engineering consulting firm that can favorably compete in the highly competitive environmental consulting industry.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be equipped to confront our threats.

This is the summary of the SWOT analysis that was conducted for Green Belt® Engineering Consulting, Inc.;

Our core strength lies in the power of our workforce. We have a team that are considered experts in the industry, a team with excellent qualifications and experience in engineering consulting line of business.

Aside from the synergy that exists in our carefully selected workforce and our strong online presence, we have access to multi-skilled and flexible workforce, and also Green Belt® Engineering Consulting, Inc. is well positioned in a business district with the right demography and we know we will attract loads of corporate clients from the first day we open our doors for business.

As a new engineering consulting firm, it might take some time for our organization to break into the market and work for some high profile and high paying clients; that is perhaps our major weakness.

• Opportunities:

The opportunities available to engineering consulting firms are indeed massive and we are ready to take advantage of any opportunity that comes our way.

Some of the threats that we are likely going to face as an engineering consulting firm operating in the United States are unfavorable government policies , the arrival of a competitor within our location of operations and global economic downturn which usually affects spending/purchasing power.

There is hardly anything we could do as regards these threats other than to be optimistic that things will continue to work for our good.

7. MARKET ANALYSIS

• Market Trends

One of the notable trends in the engineering consulting services industry is that most firms that are operating as niche players in the industry are beginning to form alliance or partner with other engineering consulting firms who are offering services different from what they are offering.

With that, it is easier for them to get a good chunk of the available market. So also, the advancement of technology has greatly influenced the engineering consulting industry. With new technology, it is easier to conceptualize a project from start to finish with 3D and 4D pictures.

Lastly, engineering consulting firms are not settling for consulting contracts within their country of operations, but rather, they are getting well – equipped to compete at the global market. This is why it is now common to find engineering consulting firms in the United States, bidding and executing contracts in Africa.

8. Our Target Market

As a new engineering consulting firm, Green Belt® Engineering Consulting, Inc. will initially serve small to medium sized business, from new ventures to well established businesses, but that does not in any way stop us from growing to compete with leading engineering consulting firms in the United States and on the global stage.

We hope to someday merge or acquire other smaller engineering consulting firms and expand our services beyond the shores of the United States of America.

As a full service engineering consulting firm, Green Belt® Engineering Consulting, Inc. has a variety of practice areas to help businesses grow especially as it relates to carrying out engineering related project consulting and advisory services.

While we work with a variety of organizations and industries, Green Belt® Engineering Consulting, Inc. will also specialize in working with startups, real estate investors and contractors, construction engineers, miners and government agencies at the local level.

Our target market cuts across government agencies, local and international organizations as well. We are coming into the industry with a business concept that will enable us work with a wide range of clients. In other words, our target market is the whole of the United States of America and subsequently other parts of the world.

Below is a list of the people and organizations that we have specifically designed our products and services for;

• Construction companies
• Chemical Production Companies
• Oil and gas companies
• General Contractors
• Telecommunication Companies
• Geological services companies
• Bore hole drilling companies
• Real Estate Owners, Developers, and Contractors
• Research and Development Companies
• The Government (Environmental Department, Construction Department and Public Work Department)
• Waste Management companies
• Agricultural, Fisheries, And Biological Companies
• Energy, Mining, Geological, And Geophysical Companies

Our Competitive Advantage

The level of competition in the engineering consulting industry depends largely on the location of the business and of course the niche of your engineering consulting business. If you can successfully create a unique niche for your engineering consultancy business, you are likely going to experience little or no competition.

For instance; if you are the only engineering consultancy firm that offers commercial, public and institutional projects, municipal utility projects, engineering design consulting, testing and analysis, process and systems engineering consulting services in your location, you are sure of monopolizing that aspect of business for a long time.

Green Belt® Engineering Consulting, Inc. might be a new entrant into the engineering consulting industry in the United States of America, but our management and board members are highly qualified engineering consultants who specialize in different niche areas in the engineering consulting industry in the United States. These are part of what will count as a competitive advantage for us.

So also, the fact that we are a general engineering consulting services firm that operates in various niche areas in the engineering consulting industry puts us ahead of engineering consulting firms that operate only within a niche market.

Lastly, our employees will be well taken care of and their welfare package will be among the best within our category in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Green Belt® Engineering Consulting, Inc. is established with the aim of maximizing profits in the engineering consulting industry and we are going to go all the way to ensure that we do all it takes to attract clients on a regular basis.

Green Belt® Engineering Consulting, Inc. will generate income by offering the following engineering consulting services for individuals and for organizations;

• Providing design and management services for industrial processes and equipment

10. Sales Forecast

We are well positioned to take on the available market in the U.S. and we are quite optimistic that we will meet our set target of generating enough income from our first six months of operation and grow the business and our clientele base beyond Little Rock – Arkansas to other states in the U.S. and even the global market.

We have been able to critically examine the engineering consultancy market, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Little Rock – Arkansas.

Below is the sales projection for Green Belt® Engineering Consulting, Inc.

• First Year: $350,000
• Second Year: $800,000
• Third Year: $1.2 million

N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

We are mindful of the fact that there are stiff competitions amongst players in the engineering consulting industry in the United States of America, hence we have been able to hire some of the best business developers to handle our sales and marketing department.

Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to meet their targets and the overall goal of the organization.

We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard engineering consulting business that will leverage on word of mouth advertisement from satisfied clients.

Our business goal is to grow our engineering consulting business to become one of the top 5 engineering consulting firms in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in the U.S but in the world stage as well.

Green Belt® Engineering Consulting, Inc. is set to make use of the following marketing and sales strategies to attract clients;

• Introduce our business by sending introductory letters alongside our brochure to organizations and key stake holders in Little Rock – Arkansas and other parts of the U.S.
• Promptness in bidding for engineering consulting contracts from the government and other cooperate organizations
• Advertise our business in relevant business magazines, newspapers, TV and radio stations
• List our business on yellow pages ads (local directories)
• Attend relevant international and local expos, seminars, and business fairs et al
• Create different packages for different category of clients in order to work with their budgets and still deliver quality and result oriented engineering consulting and advisory services to them
• Leverage on the internet to promote our business
• Engage in direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We have been able to work with our in-house consultants and other brand and publicity specialist to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to take the environmental consulting industry by storm which is why we have made provisions for effective publicity and advertisement of our engineering consulting firm.

Below are the platforms we intend to leverage on to promote and advertise our engineering consulting business;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community programs
• Leverage on the internet and social media platforms like Instagram, Facebook, twitter, et al to promote our brand
• Install our billboards in strategic locations all around Little Rock – Arkansas and major cities in the United States of America
• Engage in roadshows from time to time in targeted communities
• Distribute our fliers and handbills in target areas
• Position our Flexi Banners at strategic positions in the location where we intend getting clients to start patronizing our services
• Ensure that all our staff members wear our customized clothes, and all our official cars are customized and well branded

12. Our Pricing Strategy

We are aware that hourly billing for consulting services is a longtime tradition in the industry. However, for some types of consultancy services especially engineering services, flat fees or per hour billings make more sense because they allow clients to better predict consultancy costs.

As a result of this, Green Belt® Engineering Consulting, Inc. will charge our clients a flat fee or per head for many basic services such as one-off engineering consultancy services et al.

At Green Belt® Engineering Consulting, Inc. we will keep our fees below the average market rate by keeping our overhead low and by collecting payment in advance. In addition, we will also offer special discounted rates to startups, nonprofits, cooperatives, and small social enterprises.

We are aware that there are some clients that would need regular access to engineering consultancy and advisory services, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.

• Payment Options

The payment policy adopted by Green Belt® Engineering Consulting, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulations of the United States of America.

Here are the payment options that Green Belt® Engineering Consulting, Inc. will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via credit cards
• Payment via online bank transfer
• Payment via check
• Payment via mobile money transfer

In view of the above, we have chosen banking platforms that will enable our client make payment for our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services

13. Startup Expenditure (Budget)

Starting an engineering consulting firm is cost effective because on the average, you are not expected to acquire expensive machines and equipment.

Basically, what you should be concerned about is the amount needed to secure a standard office facility in a good and busy business district, the amount needed to furnish and equip the office, the amount needed to pay bills, purchase relevant software apps, promote the business and obtain the appropriate business license and certifications.

These are the areas we are looking towards spending our startup capital on;

• The total fee for incorporating the business in the United States of America – $750
• The budget for basic insurance policy covers, permits and business license – $2,500
• The amount needed to acquire a suitable Office facility in a business district for 6 months (Re – Construction of the facility inclusive) – $40,000
• The cost for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $5,000
• The cost for purchase of the required software applications (CRM software, engineering related software and Payroll software et al) – $10,500
• The cost of launching our official website – $600
• Budget for paying at least three employees for 3 months plus utility bills – $10,000
• Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
• Miscellaneous: $1,000

Going by the report from the research and feasibility studies, we will need about one hundred and fifty thousand Dollars ( $150,000 ) to set up a small scale but standard engineering consulting business in the United States of America.

Generating Startup Capital for Arthur LeBlanc & Co® Environmental Consulting, LLP

Green Belt® Engineering Consulting, Inc. will be owned and managed by McCarthy O’Neal and his immediate family members. They are the financiers of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the startup capital for the business to just three major sources.

These are the areas we intend generating our startup capital;

• Generate part of the startup capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from the bank

N.B: We have been able to generate about $50,000 ( Personal savings $40,000 and soft loan from family members $10,000 ) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. If all of these factors are missing from a business, then it won’t be too long before the business close shop.

One of our major goals of starting Green Belt® Engineering Consulting, Inc. is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to offer nothing short of excellent and result oriented engineering consulting and advisory services at pocket friendly rates to all our clients.

At Green Belt® Engineering Consulting, Inc., we will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of ten years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

• Business Name Availability Check: Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts various banks in the United States: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Conducting Feasibility Studies: Completed
• Generating part of the startup capital from the founder: Completed
• Applications for Loan from our Bankers: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of the needed software applications, furniture, office equipment, electronic appliances and facility facelift: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business (Business PR): In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with key players in various industries and also government agencies and contractors: In Progress

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Engineering Consulting Business Plan Template

Published Mar.12, 2020

Updated Apr.22, 2024

By: Noor Muhammad

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Table of Content

Business Plan for starting your engineering consulting firm

Thousands of engineering students are out there with high dreams and aspirations to start and excel in a successful business out there. Having different minds with different plans for a company, but business plans for engineering consulting services are nowadays one of the most exciting and familiar ideas among youngsters. It is wise enough to say that to think and execute any purpose takes efforts in the right direction. Some of them with great views also fail and finally surrender all because of the wrong execution.

So, how to start an engineering consulting business is the central question one should have in mind. Being a businessperson is not that easy because when it comes to marketing, he always looks for more and more profit, but there are ups and downs. For a young mind that has just started his business and is new to the market, it often becomes frustrating with such fluctuations. You need to invest in the right direction and wait patiently for the results.

Always remember, “Rome was not built in a day.” Your mission should be to provide the best and most efficient service to the people, with all types of planning, concept building, and completion. Your team should be highly professional and skilled, which you might be the critical factor, too, using experience and ideas making your customers satisfied. The development of a working strategy and working on its implementation is all it takes. Indeed starting an engineering consulting firm has several challenges that need to get sorted out though we cannot deny the fact that it is a very profitable business.

Further in the article, we will be dealing with these:-

Executive summary

The firm here is to provide all the possible support and successfully solve the problems of the people out there with high, excellent, and efficient consulting services. The firms have a team of competent and well-trained professionals, which would try to help people with consulting to all possible extents. Bit of direct investments in money and time can help you in the long run. The starting of the business is not easy, but it is the most significant step.

Start to invest little, don’t let any even the customers with very less profit go down and start gaining a name in the market. Implementation of quality control work as well as assurance program is beneficial and provides more scope and focus for production work. One needs to be more strategic and schedule oriented to get a good hold over several prospects in the engineering consulting business.

How will the engineering consulting business be started?

The business initially would be all about a small investment and hard works. The company will be started based on providing the best service possible for delivering professional quality services with excellent and efficient budgets and doing so on time. The business plan companies was started to implement and maintain the best policy control and develop a strategy for doing so and maintaining a smooth relation with the customers.

Engineering business

The private limited company is competent enough to deal with any kind of such business. The founder himself, being a professional engineer, is having profound knowledge in the engineering business. The team working alongside is also well to do with such a company and is highly efficient in providing the best service possible. The cost that might involve in such a business may depend on the size of the market. In our opinion, start slow, and then with the growth and expansion, the investments too would become more.

Management of engineering consulting business

The founder does the control of the market; he makes the initial and capital investments made for the company. He is the one who manages the investments made for the company following development and future growth. The management and success of the business, at last, are the results of cooperation and hard work by the team of workers in the venture.

Customers of engineering consulting firms

The customer of such a business, mainly the one who needs help and expert assistance in the specific project, may be private or public. These firms can provide expertise in the sections such as design, model, execution, and many many more aspects relating to civil, electrical, mechanical, and sometimes software engineering. Effective and efficacious communication is very helpful when it comes to engineering consulting. It is a way, which is more efficient, and most number of people can easily get through their problems/issues regarding their engineering projects/career easily. The customers of such firms are the people who need a tinge of experienced advice and guidance over their projects.

Business targets

Start with a little, and do not ever panic to make decisions for your investment for your business plan . The goal mainly should deal with providing the customer what they need, and going on with slow and steady growth to increase the business, I a year or two of your business years the target should be to get market value and minimum. Increase in the gross margin (which would significantly help your firm to grow), and the profit line should be one of your targets.

Company summary

Company owner.

The owner of the company is an experienced and skilled engineer. His mind-set is mainly involved in the welfare of the customers. The owner is the one responsible or every type of investments and inputs to the company, he not only is a role model for the company and the team but also is the main thought behind the concept of setting such a business. He was always into such an idea since starting of his carrier, and with hard works and efforts here, he is today making the dream come true

Why is the engineering consulting business being started?

The owner, as specified above, had the idea of doing so. The company is being stated to deal with the problems of the people, help them in all possible ways when it comes to consultations about design, model, and structure of the project or sometimes thoroughly supervising the project. The company aims to provide every possible expertise in the plans. They always will be getting befits from the best ideas and lots of experience.

Establish a web presence

A web presence is essential for any type of business to grow in the era of technology, and especially one that is dealing with engineering and technology needs to have a web presence. It not only makes your company grab opportunities from any part of the world but also makes your presence in the market stable. Our business mainly deals with consulting services, which needs a web presence. More good reviews and a significant presence out there allow you to grab more and more.

Services for the customers

• The leading function is for consultation and investigation which further also involves studies regarding it
• It includes detailed and comprehensive research and analysis of different conditions
• Comparison between different service ideas and opinion for the project
• Many various factors, such as risk management, capital and project cost, management analysis, and different environmental facts.
• When it comes to civil consultancy, it includes many urban and land development plans along with generating different and the best possible facilities
• Public involvement is also one of the services provided, the owner of the project need new concepts and ideas for explaining and involving the public with him
• When dealt with mechanical, the services can include selection and testing of materials, specialized equipment selection and employing people with supervising them for the project
• Evaluation and examination of the existing materials and rating them accordingly is one of the services
• They have some professional services like designing, bidding, and construction
• Further, they analyze the report based on the study and explain aspects such as financial requirements to the project

Market analysis of the engineering consulting business

If business was a sport, then the market is the playing ground where it is performed. Any type of business needs a demand to complete, and for a growing activity, it needs to expand and grow.

Market trends

Potentially we as an engineering consulting firm have a lot of different markets to target. According to the direction, we are there for planning and designing services. We not help the designs of the project with our innovative ideas but also give a proper plan to execute it. The trend shows that most of the inputs in the market come from architectural designing, then comes the structural design, and lastly, the mechanical and electrical designing.

The most important market for our firm would be the structural and the architectural designing companies as they need the inputs and detailed analysis of their projects.

Market segmentation

• For engineering, architectural, and structural firms- most of the customers for our firms are from these companies. The market in these firms have a great need for consulting services; the inputs with ideas, planning, design, and structural development are well-known works out there. Even financial management is one of the aspects
• Some government departments need the help of consultations firms with projects such as construction, forensic engineering, or structural management. We would like to present ourselves as a firm standing out there with consultation services for projects such as management and restoration.
• Law-related works are also one of our market targets. We would like to provide our expertise in fields such as mediation, arbitration and many more which would be assisted by forensic engineering
• Private individuals and realtors- we would like to provide services regarding home inspection for those people who are renovating or fixing their hose up with modern equipment
• Bodies such as Municipal Corporation also might be one of our markets. Since we are not only interested in business but also promoting it and expanding our market. Bodies such as, municipal cooperation have a vast access to people, if we can collaborate with such organizations and try to help them out. Technically, they can be one of our advertising bodies and not only this much since they work for the government and if they approve you to be a legitimate body, we can attract young students, who are interested in engineering as carrier and teach them for their benefit, which ultimately makes more and more name in the market.

Our main business targets are all the companies and firms, whether government, private, or individual ventures, who are looking for some expertise in their projects. The main objectives generally would be the substantial architectural and structural firms looking for support with their plans for ideas, designs, and financial planning. Other destinations can be electrical and mechanical firms, bodies like municipal cooperation, government structures, and law firms.

To price and bill for a project, which you will be working on is a difficult task. Often the customers can be confusing depending upon their expectation for the price, and one can find it too high and unaffordable while for the other it might be well within the reach

Clients can compare two of the providers but usually goes on what they hear from the market, which makes an essential point of standing in the market with the right name. When reasonable concessions are given with satisfactory work, customers will return to you for the next job, and also the recommendation of your work will create chances in the market.

excellent work

excellent work, competent advice. Alex is very friendly, great communication. 100% I recommend CGS capital. Thank you so much for your hard work!

The primary components of strategy of our business will keep growing and expanding the company in the market. The primary market strategy for the company would include the promotion and spread of the business. Good strategies, along with management for understanding the budgets, can solve your problems easily.

Sales strategy

When it comes to internet and web promotion, we will try to maximize the flow of users to our website with efficient advertisements and campaigns like email campaigns. One of the best ways to connect with customers is to meet them directly. We will try advertising in a limited budget by giving technical supports to NGOs and campaigning in local communities and schools.

Competitive analysis

It is something that is the best way to rate and know where your business is lacking. Comparing another such firm who has similar services to offer allows you to understand how to overcome things which make you lag. Since you are competing and analyzing yourself, it makes you grow with double speed as it would be the combined inputs of both you and the one which you are getting from your competitor. When you analyze on this basis, it makes your market growth, which ultimately makes your business grow.

Sales monthly

Sales monthly and annual are the analysis of the growth of your company in months and years. Regularly the gross margin is expected to be the same all over and will remain constant; with time passing by, it might increase, but it is going to be persistent.

Sales yearly

For yearly sales, the first year n is expected to be moreover a constant one, the second year might show fluctuations, and in the third, we expect a growth in gross margin. During this time, the business might need some extra cost input, which disrupts the graph sometimes, but in most cases, it same.

Sales forecast

The sales forecast is a summary of the sales and layout of the business in months and years. The sales in months and years are expressed in such estimates. This forecast shows a constant deal typically for three years in a successfully running business with a slow start for the first year. When we talk of the third year, the gross margin likely will increase, but don’t lose your patience and be there to support the business.

Personnel plan

Company staffs.

A company is a roof that is supported by the strong pillars of the employees working out there. The company staff, which gives you support and confidence to be there out at the market, is one of the main reasons why a venture becomes successful. If the team does this much for you, makes the backbone of your company secure, then they deserve appreciation, which may be in ways of good and justified salary.

The average salary of employees

The average salary of the employees should be adequate to justify their works when an employee gets what he deserves; he gives his best for the company. It creates a healthy environment and a happy workplace for the people out there. The average salary should justify what one does for a company, and most importantly, the employees should have the respect they deserve.

Financial plans

Important assumptions.

We have assumed the economy be healthy and without a recession. We believe the creation of the company will not change the delivery of engineering services. Different taxes and interest rates are taken as conservative assumptions.

Break-even analysis

A break-even analysis helps you compare total variable and fixed costs with sales revenues to determine the level of sales volume. Charts and graphs can show it, and it is the number of sales, which we need to cover the cost, and we don’t think that before a few months such things would happen.

Projected profit and loss

The projected profit and loss for the first financial year are considered much less, and the gross margin was taken high. As the years pass by and the business is in the second, and the third year the growth can be seen, and gross margin should readily increase

Profit monthly

Profit monthly with our business is moreover seen constant. The profit margins seen every month are next to the same in the initial financial years.

Profit yearly

It is the profit of the business in a financial year. In the first year the profit is not expected to be high, the second year remains to fluctuate, and good profits can be appreciated until the third financial year.

Gross margin monthly

Gross margin monthly is the gross profit the company will make in a month. The gross margin monthly is not estimated to be high in our business in the initial months.

Gross margin yearly

This is the gross profit made by our company annually. In other words, the sales from the business minus the gross cost. In our business, the first year is not expected to give a great gross margin. However, a steep increase can be expected during the third year.

Projected cash flow

The projected cash flow is an essential aspect of the project. With the starting of the business, one should have ready cash inflow, and sometimes an increase in capital investment to boost up the industry is needed. The first periods are often critical, and at this time, a company needs support.

Projected balance sheet

The balance sheet in our business shows healthy financial growth and an increase in the net worth. It shows growth in gross income and increasing business.

Business ratio

It is the ratio indicating if our business is growing or indirectly if we have many to pay our credit holders or not. Our company shows a good ratio, which means we are running out of adequate cash flow.

I hope you got some ideas on how to start with a business in engineering consulting services. Collect your idea and accurately put them for the best result. Thanks for reading!

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When it comes to running a business which provides consultations to those that need them, it’s important that the owner is able to think ahead in terms of what has to be done towards the path of success. The only to do that is if you know everything that should be going on. You may also see plan samples .

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Simple Engineering Consulting Business Plan

How to Make Your Engineering Consulting Business Plan

1. start with an executive summary, 2. know your business’s main objective and it’s purpose, engineering consulting business plan example.

Engineering Consulting Business Plan Guide

3. Explain What Makes Your Business Unique

4. explain the amount needed to start your business, 5. provide information regarding your services, 6. place your marketing plan, more in business.

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Engineering Consulting Business Plan

Start your own engineering consulting business plan

StructureAll Ltd.

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">.

StructureAll Ltd. will be formed as a consulting firm specializing in structural engineering services. A home office in Yellowknife, NT will be established the first year of operations to reduce start up costs. The founder of the firm is a professional engineer with eighteen years of progressive and responsible experience.

The founder, Philip Nolan, provided an initial investment towards start-up costs. Of this, more than half is required for start-up expenses while the balance is to to be placed in the company accounts as working capital.  

The firm will specialize in providing three dimensional modeling and visualization to our clients. State-of-the-art analysis and design tools will be an integral part of the business plan. Implementation of a quality control and assurance program will provide a focus for production work.

1.1 Objectives

• Modest revenues the first year, with slow by steady growth over the next two years.
• Achieve 20% of market value at the end of the third year of operation.
• Increase gross margin significantly by the third year of operations.

1.2 Mission

Our mission is to provide clients across Canada’s North with structural engineering services for all types of buildings, from concept planning through to completion, with a highly skilled professional team working together, using common sense and practical experience.

1.3 Keys to Success

• Provide professional quality services on time and on budget.
• Develop a follow-up strategy to gauge performance with all clients.
• Implement and maintain a quality control and assurance policy.

Company Summary company overview ) is an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.">

StructureAll Ltd. is a new company which provides professional engineering design services for clients which manage, maintain, and plan for residential, commercial, and industrial type buildings. Our focus will be the public sector market in remote communities across Canada’s North.

2.1 Company Ownership

StructureAll Ltd. will be created as a limited liability company. The company will be privately owned by Philip D. Nolan. Leslie C. Goit will also be listed as a Director.

2.2 Start-up Summary

Our start-up expenses allow for initial legal expenses, licenses, permits, stationary, specialty software, office equipment, and furniture. In addition to these start-up costs, an initial balance will be placed in the company accounts. The software purchases include an allowance of $5,000 for AutoCADD® 2000, $1,800 for National Master Specifications, and $200 for QuickBooks® (accounting package).

Philip Nolan will contribute towards the overall start-up costs.

2.3 Company Locations and Facilities

We will establish a home office in Yellowknife, NT in order to reduce start-up costs. The office space is estimated to be 150 square feet. We will be installing a dedicated fax line as well as a high-speed Internet connection. An interactive website will also be developed which will serve as a marketing tool. The domain name of “structureall.com” has already been reserved.

StructureAll Ltd. offers complete structural engineering services. We will focus on buildings with the following ‘Use and Occupancies’:

• Residential.
• Commercial.
• Industrial.

The company is ‘project’ oriented where each project involves:

• Renovations.
• Rehabilitation.
• New construction.

We offer innovative and economical design services, maintaining state-of-the-art design technology. We meet client needs on projects of all sizes and smaller, special design projects.

3.1 Competitive Comparison

StructureAll Ltd. offers their clients superior service accompanied with state-of-the-art analysis and design capabilities. We will offer three-dimensional visualization services to reduce the possibility of spatial conflicts with architectural elements and other engineering disciplines. In comparison, our competitors rely mostly on two-dimensional models.

We will implement a quality assurance and control program for all projects undertaken. This document will serve to focus on the standards which will be achieved and a means of measuring performance.

A systematic manner of sorting and retrieving a library of structural elements and assemblies will be implemented. Slide libraries will be available from a tool bar within AutoCADD for quick access. We will adopt the layering standards of the American Institute of Architects (AIA). In comparison, our competitors do not have an integrated database.

StructureAll Ltd. will adopt the filing systems developed by the AIA. All project information will be tracked using an integrated database management system. All of our business tools will be year 2000 compliant.

3.2 Sales Literature

A brochure system, which covers a broad spectrum of the target market segment will be developed during the initial year of operations. This system will be modular in nature and include many ‘boiler plate’ sections which may be edited to suit specific needs. Brochure inserts will be maintained as individual sheets to facilitate their assembly in any custom situation.

Our website will be developed the first year of operations and include a description of our services, the areas which we plan to serve, contact information, a list of representative projects, and a brief biography of Philip D. Nolan. An Internet domain name has already been reserved for this purpose … http://www.structureall.com

A series of templates will be developed for project proposals. The format for all proposals will include:

• Cover letter.
• Scope of services for each project.
• Fee (if requested).
• Firm’s qualifications to provide services (overview).
• Project Team (describes each person’s tasks and qualifications).
• Philosophy of design approach.
• Relevant experience.
• Schedule to provide services.

3.3 Service Description

Project Consulting : Proposed and billed on a per-project and per-milestone basis, project consulting offers a client company a way to harness our specific qualities and use our expertise to develop and/or implement plans, from conceptual planning to turnover. Proposal costs will be associated with each project.

Forensic Investigations : Proposed and billed on a per-project and per-milestone basis, our investigations will serve the public and private sector markets. We will focus on troubleshooting buildings where damage and or failure has occurred. Our reports will outline the description of the problem, the nature of the mechanism which has caused damage or failure, and a list of options for remedial action including estimated budget costs for implementation.

Project Management : Our project management services include defining client needs, preparing bid documents, tendering, bid analysis, construction review, payment certification, contract administration, and warranty inspections. Projects include new facilities, renovations, repairs, and remodeling.

Dispute Resolution : We draw upon our broad range of construction and contract administration experience to provide dispute resolution services, including arbitration, mediation and expert reports for litigation. This work is supported by forensic engineering services to identify the cause of failures.

Restoration Engineering : We provide condition survey, design, and construction review services for the repair of building structures.

3.4 Fulfillment

We will turn to qualified professionals to supplement computer aided design and drafting (CADD) services, specialty connection designs, and analysis support services which are areas that we can afford to contract out without risking the core values provided to the clients.

We have fostered several alliances with suppliers of structural elements, including glued laminated lumber, pre-engineered dimension lumber trusses, engineered lumber, and steel to facilitate this strategy.

In the second year of operations, we intend to secure a storefront presence in Yellowknife. At this stage, we will seek qualified northern engineering students to provide them with work experience in a structural engineering office environment.

3.5 Technology

StructureAll Ltd. will maintain complete and comprehensive Windows® based analysis tools for structural design. An integrated computer aided design and drafting tool permits several evaluations to be made on a structure at minimal cost.

StructureAll Ltd. will maintain an Internet website complete with file transfer protocol (ftp) capabilities.

3.6 Future Services

Quality Control and Assurance : Serving the needs of the welding industry, we will ensure that certified firms and their employee welders are qualified to perform specific welds in accordance with the requirements of the Canadian Welding Bureau (CWB) as a certified Welding Inspector. We are currently in the process of completing a comprehensive home study program offered through the CWB for this purpose.

There are four firms presently in the NWT which require these services in order to maintain their certification with the CWB. On-site inspections are required four times per year.

Fabrication and Detailing Drawings : Serving the special needs of steel and concrete construction, StructureAll Ltd. will be working toward offering these services to contractors in the future.

Toll-Free Communications : We will provide our clients a toll-free number to access 24 hours a day in the second year of operations.

Market Analysis Summary how to do a market analysis for your business plan.">

StructureAll Ltd. will focus on traditional Architect/Engineering (A/E) contracts. The owner will usually contract the A/E to perform planning and design services. These design services include preparation of plans, specifications, and estimates.

Construction services may be limited to occasional field visits and certain contract administration requirements. Typically, these types of projects distribute total design fees amongst the professionals involved in accordance with the following guideline:

• Architecture Design (65%).
• Structural Design (10%).
• Mechanical Design (15%).
• Electrical Design (10%).

Our most important clients will be established architectural/engineering firms who require structural engineering services.

4.1 Market Segmentation

The market for engineering services may be summarized with the following groups:

• Established Architectural and Engineering firms : Typically, the structural portions of any building project involve a Prime Consultant who pre-selects their team members and promotes their strengths in a proposal call to prospective clients. Our strategy is to offer these established firms a viable resource from which to draw upon. We can undertake the entire structural engineering process or provide assistance to their own in-house staff.
• Territorial and Federal Governmental Departments : The Government of the Northwest Territories (GNWT) and the newly created Nunavut Territory retain consultants for a variety of purposes. We intend to position ourselves as a local firm offering expertise in consulting, project management, forensic, and restoration engineering. The Federal Government also retains consultants for similar purposes.
• Law Firms : We will market our services to the legal community to provide dispute resolution services, including arbitration, mediation and expert reports for litigation. This work is supported by forensic engineering services to identify the cause of failures.
• Contractors : We will offer design/build services to contractors for the multitude of potential projects which the Territorial Government and Nunavut Territory have recently undertaken. Contractors occasionally require structural engineers to submit sealed alternatives for equivalents to construction details.
• Municipal Governments : Remote Municipal Governments in the Territories can expect to have more autonomy with respect to infrastructure growth and development in the years to come. This initiative is part of the GNWT mandate. We will promote our services to the local municipal governments for this purpose. To attract this market potential, we will offer to train those students in each community who are interested in engineering as a career choice. On the local front, the City of Yellowknife often provides recommendations to builders and homeowners for structural engineering services related to renovations, additions, and new construction.
• Private Individuals : We will focus attention on homeowners in Yellowknife who are renovating or contemplating an addition to their residence. We will also promote home inspections to those parties contemplating the purchase of a home.
• Realtors : In conjunction with home inspections, we will make all the Realtors aware of this service.

The Potential Market Chart and the Market Analysis Table are based on percentages which each of these groups could contribute to the services offered. This manner of describing the potential market is more appropriate for this type of business. As can be seen, the Established Architectural/Engineering firms account for 65% of the potential market with the other participants claiming the balance in smaller proportions.

4.2 Service Business Analysis

The following sections describe in more detail these aspects of the service business environment:

• Business Participants.
• Competition and Buying Patterns.
• Main Competitors.

4.2.1 Business Participants

The majority of consulting services cater to the needs of the Territorial Governments. The Territorial Governments operate on a budget of approximately $1,170 million per year, based on the 1998/1999 Main Estimates. Of this total, approximately $1,028 million is spent on Operating and Maintenance Expenditures while $142 million is allocated to Capital Expenditures.

Within the Capital Expenditures, Buildings and Works is a sub-category. This is the area of the annual operating budget from which all building design consultants must draw upon. Our analysis of the 1998/1999 Main Estimates indicates a total expenditure of $59,339,000. A typical A/E contract derives fee estimates from total budgets. For this analysis, we will apply 9% as a guideline for design fees. This yields a figure of about $5,340,000 in design fees available for distribution to the consulting industry.

The major clients within the Territorial Governments include:

• Department of Education.
• Department of Transportation.
• Department of Municipal and Community Affairs.

Our competition matrix indicates a total of 102 persons within the consulting field in the Territories. This total has been subdivided into the types of positions these people hold. Based on reasonable estimates of salary expectations including 30% burdens for administration yields a value of about $7,800,000. This figure represents an estimate of the revenues required to sustain engineering consultants in the Territories.

From this evaluation, the Territorial Governments account for close to 70% of design fees while other participants in the building marketplace account for the balance. The Territorial Governments retain consultants for the following types of buildings:

• Health Centres.
• Community Halls.
• Warehouses.

These types of buildings are constructed on a rotating basis across several communities in the NT. In addition to new construction, rehabilitation, renovations, and additions are also in demand.

Typically, the Territorial Governments issue a proposal call to consultants to service these needs. StructureAll will position itself as a Structural Sub-Consultant or resource to the Prime Consultant.

StructureAll Ltd. will also promote its services as structural specialists and project managers to the Territorial Governments.

4.2.2 Competition and Buying Patterns

Clients rarely compare consultants directly, looking for two, or more, possible providers of a proposed project or job. Usually they follow word-of-mouth recommendations and either go for the job or not, rather than selecting from a menu of possible providers.

The most important element of general competition, by far, is what it takes to keep clients for repeat business. It is worth making huge concessions in any single project to maintain a client relationship that brings the client back for future projects.

4.2.3 Main Competitors

• Ferguson Simek Clark (FSC Group) : This well established architectural and multi-discipline engineering firm would be our main competitor. This firm has branch offices in Iqaluit, NT and Whitehorse, YT besides a head office located in Yellowknife, NT. Their principal strength is undertaking a project from inception through to completion under one roof. Their weakness stems from an understaffed structural engineering group. At present, there is only one structural engineer who services the needs of all their in-house architects and outside clients. The drafting aspects of any project rely upon recollection and modification of past projects typically. There is no systematic manner in which standard block libraries are maintained or updated. They underutilize the programs at their disposal for structural analysis and design.
• A.D. Williams Engineering Ltd. (ADWEL) : This multi-discipline engineering firm is well established in Yellowknife. Their head office is located in Edmonton, Alberta. They can draw on additional resources from the core group as required to meet the demands of project schedules. At present, there is no resident structural engineer on staff in Yellowknife.
• Girvan and Associates : This is a small one person architectural and engineering firm which specializes in providing services for residential construction projects. Ian Girvan services the private sector mostly. It is our hope that we can form a strategic alliance to carry out consulting work jointly as needs and occasions arise.

Strategy and Implementation Summary

StructureAll Ltd. will focus on the Western Arctic area initially. We believe the creation of Nunavut will still provide opportunities for structural engineering services; however a separate Association of Professional Engineers for Nunavut is anticipated.

We are also licensed to practice in the Yukon Territories, although we have not planned for any aggressive marketing in this area.

The target client is usually an Architect Manager.

5.1 Competitive Edge

StructureAll Ltd. offers the following competitive edge:

• State-of-the-art modeling, design, analysis, and drafting capabilities.
• Quality control and assurance program.
• An Internet website (http:\\www.structureall.com, and e-mail, [email protected]).

5.2 Marketing Strategy

The sections which follow describe in more detail our positioning statement, pricing, and promotion strategy.

5.2.1 Promotion Strategy

We will be using the Internet extensively in our sales promotion. Together with a well targeted direct mail and e-mail campaign, we will make all the major players in the marketplace aware of our presence.

We will focus our limited advertising budgets to promote community sponsored events. We will also offer technical services at discount rates to non-profit organizations.

When travelling to remote communities, we will contact the local principals in elementary and high schools offering them a speaker on structural engineering as a career choice.

StructureAll Ltd. will apply for the Northwest Territories Business Incentive Policy. This policy is directed at those firms resident in the Northwest Territories and provides incentives with respect to evaluation of services.

5.2.2 Positioning Statement

For established engineering and architectural firms in Yellowknife who require structural engineering sub-consultant services, StructureAll Ltd. offers a competitive and economical option. Projects may be delegated to StructureAll Ltd. directly or arrangements can be made to supplement and assist their own in-house staff.

5.2.3 Pricing Strategy

Most consulting work is billed on an hourly basis to pre-determined levels dictated by project schedule milestones. We have assigned a rate of $80/hour for basic consulting services and $40/hour for drafting services. These are conservative values for the consulting market. We have used conservative unit rates to remain more competitive.

5.3 Sales Strategy

Success in a consulting market is focused on client service and typically translates into repeat business. We will avoid the pitfall of buying a project, only to find the scope of work far exceeds renumeration.

When a potential client questions the cost of a project, we explain the benefits and refer to our proposal which clearly outlines the tasks to be performed. If the budget is for less money, then we must offer less service.

Billing rates are not negotiated. One exception to this rule would be for not-for-profit organizations where marketing can be traded for services in kind.

5.3.1 Sales Forecast

The following table and chart summarizes forecasted sales. We expect sales to remain at a constant level after three months of operation. We predict the first two months of operations will be slow. Revenues will be limited while a generic quality management plan is formulated and basic office administration tasks are completed.

Direct unit costs for the first year have been set at less than one-third of unit revenues, which yields a high gross margin. In the third year of operations, we plan to increase gross margin as a result of providing a more efficient service to our clients.

Our unit rate for basic consulting services has been set at $80/hour. This is a conservative assumption based on published salary guideline levels for engineering professionals. Our unit rate for CADD services is $40/hr.

5.4 Milestones

The accompanying table lists important program milestones, with dates and managers in charge, and budgets for each. The milestone schedule indicates our emphasis on planning for implementation.

What the table doesn’t show is the commitment behind it. Our business plan includes complete provisions for plan-vs.-actual analysis, which will be updated monthly to compare the variance and plan for course corrections.

Management Summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">

StructureAll Ltd. will initially have one employee who is also acting as general manager. Phil Nolan will be responsible for all daily operations in the firm.

6.1 Management Team

Philip Nolan, P. Eng. has eighteen years of progressive and responsible engineering experience. Phil will be responsible for soliciting clients, marketing, promotion, and all daily aspects of running the business. He graduated from McGill University in Montreal, Quebec in 1981 with a Bachelor of Engineering degree.

In 1982, Phil moved to Yellowknife where he worked for the GNWT as a Project Engineer. Phil gained experience working on a host of community development and transportation related projects, including Little Buffalo River Bridge, Bridge Inspections, and Bridge Rehabilitations. Phil was with the GNWT for six years.

From 1988 to 1991, Phil worked for Foundation Co. of Canada Ltd., a large multi-national contracting firm as a project engineer where he gained experience in the use of explosives at the Magpie River Hydro Development and continued gaining experience on several bridge projects.

In 1992, Phil worked for Reid Crowther & Partners Ltd. out of Edmonton, Alberta on a host of bridge design and rehabilitation projects, including the Whitemud Ravine Pedestrian Bridges.

From 1993 to 1995, Phil was self employed as a private consultant offering services in quality control and assurance for building construction where he gained considerable experience in Preserved Wood Foundations and their use in residential and commercial applications.

In May of 1995, Phil joined the Ferguson Simek Clark (FSC) team of professionals and was responsible for all structural design, including quality control and assurance services for schools, arenas, health centres, and other buildings.

Phil will be the principal designer of all projects at StructureAll Ltd. Phil is currently working on a contract basis for Ferguson Simek Clark.

6.2 Management Team Gaps

StructureAll Ltd. will require administrative support to ensure clients are billed on a timely basis. We will be looking to an outside source for ensuring the books are kept in order and up to date.

Self sufficiency in computer aided drafting capabilities will require Phil to become more familiar with AutoCADD 2000 as a drafting tool. We will invest in continuing education to fulfill this need. We have accounted for this in the business plan.

6.3 Personnel Plan

The following table summarizes our personnel expenditures for the first three years, with compensation increasing from $50K the first year to $70K in the third. The detailed monthly personnel plan for the first year is included in the appendix.

Financial Plan investor-ready personnel plan .">

The financial plan which follows summarizes information regarding the following items:

• Important Assumptions.
• Key Financial Indicators.
• Break-Even Analysis.
• Projected Profit and Loss.
• Projected Cash Flow.
• Projected Balance Sheet.
• Business Ratios.

7.1 Important Assumptions

The financial plan depends on important assumptions, most of which are shown in the following table as annual assumptions. The monthly assumptions are included in the appendix.

Some of the more important underlying assumptions are:

• We assume a strong economy, without major recession.
• We assume the creation of Nunavut will not dramatically change the delivery of engineering services.
• Interest rates, tax rates, and personnel burdens are based on conservative assumptions.

7.2 Key Financial Indicators

The following benchmark chart indicates our key financial indicators for the first three years. We foresee modest growth in sales and a marginal reduction in operating expenses for the years presented.

7.3 Break-even Analysis

The following table and chart summarize our break-even analysis. With our estimated monthly fixed costs, the table and chart below show the number of billing targets per month we will need to cover our costs. We don’t really expect to reach break-even until a few months into the business operation.

The break-even assumes unit variable costs at 30 percent of unit revenue. The unit revenue value of $60/hour is an aggregate measure for all the types of services which will be offered.

7.4 Projected Profit and Loss

The gross margin for a service-based business is a reflection of the efficiency at which those services are offered. In the initial year of operations, we have targeted a high gross margin. This is not an unreasonable figure for a consulting business. For the second and third year of operations, we have targeted slightly increased gross margins to indicate overall improved efficiency at service delivery. Net Profit/Sales is determined to be modest the first year, again increasing slightly in the second year and the third year. In order to fulfill the requirements of the mission statement and simultaneously reduce start up costs, we have made arrangements to purchase software on quarterly repayment options:

• Staad-Pro Core is a structural engineering design and drafting suite offered through Research Engineers Ltd. This program fulfills the need to carry out three-dimensional analysis and design requirements and is a key feature of the business plan. This program supports Canadian codes and standards. We have contacted the authorized Canadian reseller (Detech Corporation Ltd.) and will made arrangements to purchase this tool on four payments of $1,550 over the first year of operations.
• Errors and Omissions Insurance is required for all consultants working on behalf of the Territorial Governments. Through Falconair Insurance, we have received a quotation of $1,200/year for this coverage. The first year’s premium payments are included in the start-up costs, with subsequent years indicated at the same annual premium.
• Website hosting fees are included as quarterly payments to Internic.com, the Web host. As part of this service, we will have at our disposal file transfer protocol capabilities. This feature permits us to place electronic media on the Internet for our clients and strategic allies.

7.5 Projected Cash Flow

Cash flow projections are critical to our success. The monthly cash flow is shown in the illustration, with one bar representing the cash flow per month, and the other the monthly balance. The first few months are critical. It may be necessary to inject additional capital in this time-frame if the need arises. The annual cash flow figures are included here and the more important detailed monthly numbers are included in the appendix.

7.6 Projected Balance Sheet

The balance sheet in the following table shows managed but sufficient growth of net worth and a sufficiently healthy financial position. The monthly estimates are included in the appendix.

7.7 Business Ratios

Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 8711, Engineering Services, are shown for comparison.

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