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Engineering Consulting Business Plan

Without professional engineering consulting advice, any science, technology, or related business is likely not going to succeed to its full potential.

Likewise, any business needs a clear roadmap to drive it to success. A business plan will provide directions to your business like a roadmap.

Need help writing a business plan for your engineering consulting business? You’re at the right place. Our engineering consulting business plan template will help you get started.

Free Business Plan Template

Download our free business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

• Fill in the blanks – Outline
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How to Write An Engineering Consulting Business Plan?

Writing an engineering consulting business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the whole business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your Business:

Start your executive summary by briefly introducing your business to your readers.

Market Opportunity:

Engineering consulting services:.

Highlight the engineering consulting services you offer your clients. The USPs and differentiators you offer are always a plus.

Marketing & Sales Strategies:

Financial highlights:, call to action:.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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2. Business Overview

The business overview section of your business plan offers detailed information about your company. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business Description:

Describe your business in this section by providing all the basic information:

Describe what kind of engineering consulting company you run and the name of it. You may specialize in one of the following engineering consulting businesses:

• Civil engineering consulting
• Mechanical engineering consulting
• Electrical engineering consulting
• Industrial engineering consulting
• Describe the legal structure of your engineering consulting company, whether it is a sole proprietorship, LLC, partnership, or others.
• Explain where your business is located and why you selected the place.

Mission Statement:

Business history:.

If you’re an established engineering consulting service provider, briefly describe your business history, like—when it was founded, how it evolved over time, etc.

Future Goals

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market:

Start this section by describing your target market. Define your ideal customer and explain what types of services they prefer. Creating a buyer persona will help you easily define your target market to your readers.

Market size and growth potential:

Describe your market size and growth potential and whether you will target a niche or a much broader market.

Competitive Analysis:

Market trends:.

Analyze emerging trends in the industry, such as technology disruptions, changes in customer behavior or preferences, etc. Explain how your business will cope with all the trends.

Regulatory Environment:

Here are a few tips for writing the market analysis section of your engineering consulting firm business plan:

• Conduct market research, industry reports, and surveys to gather data.
• Provide specific and detailed information whenever possible.
• Illustrate your points with charts and graphs.
• Write your business plan keeping your target audience in mind.

4. Engineering Consulting Services

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

Describe your consulting services:

Mention the engineering consulting services your business will offer. This list may include services like,

• Engineering design & analysis
• Project management & planning
• Sustainable engineering solutions
• Technology consulting & innovation

Describe each service:

Additional services.

In short, this section of your engineering consulting plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique Selling Proposition (USP):

Define your business’s USPs depending on the market you serve, the equipment you use, and the unique services you provide. Identifying USPs will help you plan your marketing strategies.

Pricing Strategy:

Marketing strategies:, sales strategies:, customer retention:.

Overall, this section of your engineering consulting business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your engineering consulting business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & Training:

Operational process:, equipment & software:.

Include the list of equipment and software required for engineering consulting business, such as communication tools, project management software, field equipment, financial & accounting software, etc.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your engineering consulting business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

Founders/CEO:

Key managers:.

Introduce your management and key members of your team, and explain their roles and responsibilities.

Organizational structure:

Compensation plan:, advisors/consultants:.

Mentioning advisors or consultants in your business plans adds credibility to your business idea.

This section should describe the key personnel for your engineering consulting services, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should summarize your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:.

Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.

Financing Needs:

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

• Add a table of contents for the appendix section to help readers easily find specific information or sections.
• In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
• Provide data derived from market research, including stats about the industry, user demographics, and industry trends.
• Include any legal documents such as permits, licenses, and contracts.
• Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your engineering consulting business plan should only include relevant and important information supporting your plan’s main content.

The Quickest Way to turn a Business Idea into a Business Plan

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This sample engineering consulting business plan will provide an idea for writing a successful engineering consulting plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our engineering consulting business plan pdf .

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Frequently asked questions, why do you need an engineering consulting business plan.

A business plan is an essential tool for anyone looking to start or run a successful engineering consulting business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your engineering consulting company.

How to get funding for your engineering consulting business?

There are several ways to get funding for your engineering consulting business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

• Bank loan – You may apply for a loan in government or private banks.
• Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
• Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
• Angel investors – Getting funds from angel investors is one of the most sought startup options.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your engineering consulting business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your engineering consulting business plan and outline your vision as you have in your mind.

What is the easiest way to write your engineering consulting business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any engineering consulting business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

How do I write a good market analysis in an engineering consulting business plan?

Market analysis is one of the key components of your business plan that requires deep research and a thorough understanding of your industry. We can categorize the process of writing a good market analysis section into the following steps:

• Stating the objective of your market analysis—e.g., investor funding.
• Industry study—market size, growth potential, market trends, etc.
• Identifying target market—based on user behavior and demographics.
• Analyzing direct and indirect competitors.
• Calculating market share—understanding TAM, SAM, and SOM.
• Knowing regulations and restrictions
• Organizing data and writing the first draft.

Writing a marketing analysis section can be overwhelming, but using ChatGPT for market research can make things easier.

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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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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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
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• 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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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.

How to Start a Profitable Engineering Business [11 Steps]

By Nick Cotter Updated Feb 02, 2024

Business Steps:

1. perform market analysis., 2. draft a engineering business plan., 3. develop a engineering brand., 4. formalize your business registration., 5. acquire necessary licenses and permits for engineering., 6. open a business bank account and secure funding as needed., 7. set pricing for engineering services., 8. acquire engineering equipment and supplies., 9. obtain business insurance for engineering, if required., 10. begin marketing your engineering services., 11. expand your engineering business..

Embarking on the journey to start an engineering business requires a keen understanding of the market you're entering. An in-depth market analysis provides insights into industry trends, competition, and customer needs, ensuring your business is well-positioned for success. Here's how to conduct a thorough market analysis:

• Identify your target market by analyzing demographics, psychographics, and the specific needs of potential clients within various sectors such as construction, technology, or manufacturing.
• Examine industry trends including technological advancements, regulatory changes, and sustainability practices that could impact your engineering services.
• Investigate your competitors by assessing their services, pricing, strengths, and weaknesses to determine your competitive edge and potential market share.
• Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to better understand your business's position relative to the market dynamics.
• Gather data through surveys, interviews, and industry reports to validate your findings and refine your business strategy accordingly.
• Align your services with the market demand by identifying gaps in the existing market that your engineering expertise can fill.

Are Engineering businesses profitable?

Profitability in engineering businesses depends on many factors, including the size of the business, its location, the services and products offered, the competition in the market, and the cost of labor and materials. Furthermore, the quality of management, marketing, and customer service can all play a role in how profitable a business is.

Creating a comprehensive business plan is a crucial step when starting an engineering firm. It serves as a roadmap for your business's growth, financial planning, and operational strategy. Below are the key components you should include in your engineering business plan:

• Executive Summary: Provide a snapshot of your business, including the mission statement, services offered, and your unique value proposition.
• Company Description: Detail the legal structure, history, and the type of engineering services you plan to offer, along with the markets you will serve.
• Market Analysis: Analyze the industry trends, target market, and competitive landscape to demonstrate market knowledge and potential for success.
• Organization and Management: Outline your business's organizational structure, profiles of the management team, and the roles and responsibilities of each member.
• Services Offered: Describe in detail the engineering services you plan to provide, highlighting any specialties or niches you intend to focus on.
• Marketing and Sales Strategy: Explain how you will attract and retain clients, including your sales process and marketing initiatives.
• Funding Request: If applicable, specify the amount of funding you will need to start and expand your business, along with proposed use of funds.
• Financial Projections: Provide an outlook of your business's financial future, including projected income statements, balance sheets, and cash flow statements for the next three to five years.
• Appendix: Attach any additional documentation that can support your business plan, such as resumes, technical drawings, or letters of support.

How does a Engineering business make money?

Engineering businesses make money by providing design, engineering, and consulting services to clients. Typically, clients will pay an upfront fee for the services provided, and may also pay an additional fee if they need additional services or support. Engineering businesses may also generate revenue by selling products related to their services, such as software, engineering tools, and equipment.

Developing a brand for your engineering business is critical in establishing your identity and differentiating yourself from competitors. Your brand will communicate your business values, expertise, and the unique benefits clients can expect. Here's how you can build a compelling engineering brand:

• Define Your Unique Value Proposition: Clearly articulate what sets your engineering services apart from others. Focus on your strengths, whether it's innovation, sustainability, specialized expertise, or cost efficiency.
• Create a Memorable Logo and Visual Identity: Design a professional logo that reflects your brand’s character. Choose a color scheme and typography that will be consistently used across all marketing materials.
• Establish Your Brand Voice: Decide on the tone and language that will reflect your brand's personality. Whether it's professional, friendly, or technical, ensure it resonates with your target audience and is used consistently in all communications.
• Build a Professional Website: Your website is often the first point of contact with potential clients. Ensure it's well-designed, easy to navigate, and showcases your projects, achievements, and the services you offer.
• Engage Through Content Marketing: Share your expertise and thought leadership through blogs, white papers, and social media. This will help build credibility and authority in your field.
• Network and Partnerships: Align with other businesses and organizations that can complement your services and amplify your brand. Attend industry events and actively participate in professional communities.

How to come up with a name for your Engineering business?

When coming up with a name for your engineering business, it is important to consider the type of engineering you are offering and what you want your business to represent. A good idea is to brainstorm potential names that have a connection to engineering and can be remembered easily. You might also consider using words that describe your engineering services. Additionally, make sure to do a thorough search to ensure your chosen name is not already being used by another business.

Starting an engineering business involves several legal and regulatory steps to ensure that your enterprise operates within the confines of the law. Step 4, formalizing your business registration, is crucial as it gives your business legitimacy and protects your personal assets. Below is a guide to help you through this process:

• Choose a business structure (e.g., sole proprietorship, partnership, LLC, corporation) that aligns with your goals and offers the appropriate level of liability protection and tax treatment.
• Register your business name with the appropriate state agency, ensuring it is unique and meets all naming requirements for your chosen structure.
• Obtain an Employer Identification Number (EIN) from the IRS for tax purposes, which is necessary for hiring employees and opening a business bank account.
• Apply for any necessary permits and licenses specific to the engineering industry, which may vary depending on your location and the services you offer.
• Register for state and local taxes to ensure compliance with sales, use, income, and employment tax obligations.
• If required, file articles of incorporation (for corporations) or organization (for LLCs) with your state's business filing office.

Resources to help get you started:

Explore vital resources designed for engineering entrepreneurs, providing valuable insights on market trends, operational efficiencies, and strategic advice for growing your business:

• The Engineer: A magazine offering the latest news, developments, and insights across various engineering disciplines. Visit here .
• Engineering.com: An online resource featuring articles, reports, and webinars on technology trends and industry advancements. Visit here .
• IEEE Spectrum: A magazine and website providing in-depth reporting on technology, science, and engineering. Visit here .
• Entrepreneur's Handbook on Medium: A collection of articles offering advice on entrepreneurship within technology and engineering sectors. Visit here .
• ASME (American Society of Mechanical Engineers): Provides access to a wealth of resources including industry standards, certification programs, and publications. Visit here .
• Harvard Business Review: Though not engineering-specific, it offers strategic business insights that are crucial for entrepreneurs. Visit here .

Starting an engineering business requires careful attention to legal requirements, including obtaining the necessary licenses and permits. These credentials not only ensure compliance with local, state, and federal regulations but also establish credibility with clients. Here are the steps to guide you through the process:

• Determine the specific licenses required for your engineering discipline; civil, electrical, mechanical, and others may have different requirements.
• Contact your state's professional licensing board to apply for a Professional Engineer (PE) license if you will be offering services directly to the public.
• Check with the local county or city government where your business will operate to obtain a business license and any specific permits related to zoning or land use.
• Research any additional federal permits you may need if your engineering work involves federal lands or impacts environmental factors such as air or water quality.
• Consider the need for special permits if your engineering services will involve international work or collaboration with overseas entities.
• Keep all licenses and permits up to date by tracking renewal dates and complying with any continuing education requirements.

What licenses and permits are needed to run a engineering business?

The type of licenses and permits needed to run an engineering business depend on the type of services provided. Commonly required permits can include business, operational, and professional licenses. Depending on where the engineering business is located, additional licenses may be required such as a contractor's license or a state engineer's license. It is important to check with local, state, and federal regulations to determine the specific requirements for running an engineering business in your area.

Opening a business bank account is a critical step in establishing your engineering business's financial foundation, while securing funding ensures that you have the necessary capital to operate and grow. These steps not only help you manage your finances effectively but also contribute to your business's credibility. Here's how to approach these tasks:

• Research local and national banks or credit unions that offer business banking services. Compare fees, services, and convenience before selecting the institution that best suits your business needs.
• Prepare the required documentation to open a business bank account, which typically includes your business formation documents, EIN, and personal identification.
• Consider the different types of business accounts, such as checking, savings, and credit accounts, to determine which will best support your business operations.
• Explore funding options tailored to engineering businesses, including small business loans, government grants, venture capital, or angel investors, depending on the stage and needs of your business.
• Develop a solid business plan that clearly outlines your business strategy, financial projections, and use of funds to present to potential lenders or investors.
• Build relationships with financial advisors or mentors in the engineering industry who can provide guidance on managing finances and securing funding.

When setting prices for your engineering services, it's crucial to strike a balance between being competitive and ensuring profitability. Consider all the factors that influence your costs and the value you deliver to your clients. Here are several key points to guide you in establishing your pricing structure:

• Analyze the market to understand the going rates for similar engineering services and ensure your prices are in line with industry standards.
• Calculate your costs, including labor, overhead, equipment, and materials, to ensure that your pricing covers these expenses and allows for a reasonable profit margin.
• Consider value-based pricing where you set prices based on the perceived value to the client rather than solely on your costs, especially for services that offer significant advantages or innovations.
• Offer multiple pricing models, such as hourly rates, project-based fees, or retainer agreements, to accommodate different client needs and project scopes.
• Be transparent with your pricing, providing clear quotes and contracts that detail what is included and any potential additional costs, to build trust with your clients.
• Regularly review and adjust your pricing to reflect changes in the market, your service offerings, and your business goals.

What does it cost to start a Engineering business?

Initiating a engineering business can involve substantial financial commitment, the scale of which is significantly influenced by factors such as geographical location, market dynamics, and operational expenses, among others. Nonetheless, our extensive research and hands-on experience have revealed an estimated starting cost of approximately $73000 for launching such an business. Please note, not all of these costs may be necessary to start up your engineering business.

Setting up a successful engineering business requires careful selection of equipment and supplies to ensure that your team has the necessary tools to deliver high-quality services. Consider the specific needs of your engineering discipline and prioritize essential items to streamline your startup process. Here is a guide to acquiring the right engineering equipment and supplies:

• Conduct a thorough inventory analysis to determine the crucial tools, machinery, and software needed for your engineering projects.
• Research and compare suppliers to find the best quality equipment at competitive prices. Consider both new and refurbished options for cost savings.
• Invest in reliable and industry-standard design software tailored to your engineering field, such as CAD or CAM tools, to ensure precision in your work.
• Ensure that essential safety gear and personal protective equipment (PPE) are available to maintain a safe working environment.
• Consider leasing options for expensive machinery to reduce initial capital expenditure and to keep the technology up-to-date.
• Establish relationships with vendors for consumable supplies like drafting paper, printer ink, and specialized components, ensuring a steady supply and potential bulk discounts.
• Look into multi-functional devices that can perform various tasks to save space and cost, especially if your business has limited physical space.

List of Software, Tools and Supplies Needed to Start a Engineering Business:

• CAD software
• Project management software
• Accounting/bookkeeping software
• Office suite
• Business development software
• Design software
• Engineering drawing software
• Security software
• Data storage solutions
• Industrial storage solutions
• Computer hardware
• Network equipment
• Filing cabinets
• Office furniture
• Stationery supplies
• Business cards
• Advertising materials
• Industrial tools
• Safety equipment
• Cleaning supplies

Ensuring your engineering business is adequately protected is crucial for mitigating risks and safeguarding your financial stability. Business insurance can provide coverage for a variety of potential issues, from professional liability to property damage. Below are key steps to obtain the right insurance for your engineering business:

• Assess Your Risks: Evaluate the specific risks associated with your engineering field, such as potential for malpractice or accidents on the job.
• Research Insurance Providers: Look for insurance companies with experience in insuring engineering businesses and compare their coverage options and premiums.
• Consider Professional Liability Insurance: Also known as Errors and Omissions (E&O) insurance, it can protect your business from claims of negligence or inadequate work.
• Look into General Liability Insurance: This can cover property damage, bodily injury, and other liabilities.
• Don't Overlook Workers' Compensation: If you have employees, most states require workers' compensation insurance for employee work-related injuries or illnesses.
• Review Policy Details: Ensure the policy limits, deductibles, and exclusions are appropriate for your business size and risk profile.
• Consult with Professionals: Speak with an insurance agent or broker who can provide tailored advice for your engineering business needs.

Marketing your engineering services is crucial for attracting clients and building your brand. As you initiate this step, focus on strategies that highlight your expertise, experience, and the unique solutions you offer. Below are key actions to help you effectively market your new engineering business:

• Develop a professional website that showcases your portfolio, services, and client testimonials to establish credibility and allow potential clients to easily find and contact you.
• Utilize social media platforms to share industry insights, project updates, and engage with your community, thereby increasing your online presence and networking opportunities.
• Offer free workshops or webinars to demonstrate your expertise and provide value to potential clients, while also collecting leads for follow-up communications.
• Network with industry professionals and potential clients through trade shows, conferences, and local business events to build relationships and partnerships.
• Invest in search engine optimization (SEO) to improve your online visibility so clients searching for engineering services can find you more easily.
• Create targeted advertising campaigns, both online and offline, to reach your desired audience with precision and drive engagement.
• Ask for referrals from satisfied customers, as word-of-mouth remains one of the most effective marketing tools in the professional services sector.

Expanding an engineering business requires strategic planning, resource management, and a clear understanding of the market demand. As you embark on this growth phase, it's crucial to consider the following steps that can help ensure a successful expansion.

• Investigate new market sectors where your engineering expertise can be applied, and consider diversification into these areas to broaden your client base.
• Enhance your service offerings by adopting the latest technologies and methodologies, which can increase your competitive edge and attract more clients.
• Focus on building strategic partnerships with other firms to offer comprehensive solutions and tackle larger projects collaboratively.
• Recruit skilled professionals and invest in the continuous training of your team to maintain high-quality services during the expansion phase.
• Optimize your business operations through automation and process improvement to handle increased workload efficiently.
• Consider geographical expansion by setting up branch offices or through remote work models to tap into new regional markets.
• Secure additional financing if necessary, through loans, investors, or grants to support your growth strategy and cover the costs of expansion.
• Regularly review and adjust your business plan to reflect growth targets, market changes, and lessons learned during the expansion process.

How To Write a Winning Civil Engineer Business Plan + Template

Creating a business plan is essential for any business, but it can be especially helpful for civil engineering businesses who want to improve their strategy or raise funding.

A well-crafted business plan not only outlines the vision for your company, but also documents a step-by-step roadmap of how you are going to accomplish it. In order to create an effective business plan, you must first understand the components that are essential to its success.

This article provides an overview of the key elements that every civil engineering business owner should include in their business plan.

Download the Ultimate Business Plan Template

What is a civil engineering business plan.

A civil engineering business plan is a formal written document describing your company’s business strategy and feasibility. It documents the reasons you will be successful, your areas of competitive advantage, and it includes information about your team members. Your business plan is a key document that will convince investors and lenders (if needed) that you are positioned to become a successful venture.

Why Write a Civil Engineering Business Plan?

A civil engineering business plan is required for banks and investors. The document is a clear and concise guide of your business idea and the steps you will take to make it profitable.

Entrepreneurs can also use this as a roadmap when starting their new company or venture, especially if they are inexperienced in starting a business.

Writing an Effective Civil Engineering Business Plan

The following are the key components of a successful civil engineering business plan:

Executive Summary

The executive summary of a civil engineering business plan is a one- to two-page overview of your entire business plan. It should summarize the main points, which will be presented in full in the rest of your business plan.

• Start with a one-line description of your civil engineering company
• Provide a short summary of the key points in each section of your business plan, which includes information about your company’s management team, industry analysis, competitive analysis, and financial forecast, among others.

Company Description

This section should include a brief history of your company. Include a short description of how your company started, and provide a timeline of milestones your company has achieved.

If you are just starting your civil engineering business, you may not have a long company history. Instead, you can include information about your professional experience in this industry and how and why you conceived your new venture. If you have worked for a similar company before or have been involved in an entrepreneurial venture before starting your civil engineering firm, mention this.

Industry Analysis

The industry or market analysis is an important component of a civil engineering business plan. Conduct thorough market research to determine industry trends and document the size of your market. 

Questions to answer include:

• What part of the civil engineering industry are you targeting?
• How big is the market?
• What trends are happening in the industry right now (and if applicable, how do these trends support your company’s success)?

You should also include sources for the information you provide, such as published research reports and expert opinions.

Customer Analysis

This section should include a list of your target audience(s) with demographic and psychographic profiles (e.g., age, gender, income level, profession, job titles, interests). You will need to provide a profile of each customer segment separately, including their needs and wants.

For example, a civil engineering business’ customers may include:

• ​​ Homeowners
• Local, state, and federal government agencies

Your customer analysis should also include information about your competition and how you will differentiate your company from them. 

You can include information about how your customers decide to buy from you as well as what keeps them buying from you.

Develop a strategy for targeting those customers who are most likely to buy from you, as well as those that might be influenced to buy your products or civil engineering services with the right marketing.

Competitive Analysis

The competitive analysis helps you determine how your product or service will be different from competitors and what your unique selling proposition (USP) might be that will set you apart in this industry.

For each competitor, list their strengths and weaknesses. Next, determine your areas of competitive differentiation or advantage; that is, in what ways are you different from and ideally better than your competitors.

Marketing Plan

This part of the business plan is where you determine and document your marketing plan. . Your plan should be laid out, including the following 4 Ps.

• Product/Service : Detail your product/service offerings here. Document their features and benefits.
• Price : Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
• Place : Where will your customers find you? What channels of distribution (e.g., partnerships) will you use to reach them if applicable?
• Promotion : How will you reach your target customers? For example, you may use social media, write blog posts, create an email marketing campaign, use pay-per-click advertising, launch a direct mail campaign. Or you may promote your civil engineering business via public relations or word-of-mouth marketing.

Operations Plan

This part of your civil engineering business plan should include the following information:

• How will you deliver your product/service to customers? For example, will you do it in person or over the phone only?
• What infrastructure, equipment, and resources are needed to operate successfully? How can you meet those requirements within budget constraints?

The operations plan is where you also need to include your company’s business policies. You will want to establish policies related to everything from customer service to pricing, to the overall brand image you are trying to present.

Finally, and most importantly, in your Operations Plan, you will lay out the milestones your company hopes to achieve within the next five years. Create a chart that shows the key milestone(s) you hope to achieve each quarter for the next four quarters, and then each year for the following four years. Examples of milestones for a civil engineer business include reaching $X in sales. Other examples include hiring a certain number of new employees or acquiring a certain number of new clients.

Management Team

List your team members here, including their names and titles, as well as their expertise and experience relevant to your specific civil engineering industry. Include brief biography sketches for each team member.

Particularly if you are seeking funding, the goal of this section is to convince investors and lenders that your team has the expertise and experience to execute on your plan. If you are missing key team members, document the roles and responsibilities you plan to hire for in the future.

Financial Plan

Here you will include a summary of your complete and detailed financial plan (your full financial projections go in the Appendix). 

This includes the following three financial statements:

Income Statement

Your income statement should include:

• Revenue : how much revenue you generate.
• Cost of Goods Sold : These are your direct costs associated with generating revenue. This includes labor costs and the cost of any equipment and supplies used to deliver the product/service offering.
• Net Income (or loss) : Once expenses and revenue are totaled and deducted from each other, this is the net income or loss.

Sample Income Statement for a Startup Civil Engineering Company

Balance sheet.

Include a balance sheet that shows your assets, liabilities, and equity. Your balance sheet should include:

• Assets : All of the things you own (including cash).
• Liabilities : This is what you owe against your company’s assets, such as accounts payable or loans.
• Equity : The worth of your business after all liabilities and assets are totaled and deducted from each other.

Sample Balance Sheet for a Startup Civil Engineering Company

Cash flow statement.

Include a cash flow statement showing how much cash comes in, how much cash goes out and a net cash flow for each year. The cash flow statement should include:

• Cash Flow From Operations
• Cash Flow From Investments
• Cash Flow From Financing

Below is a sample of a projected cash flow statement for a startup civil engineer business.

Sample Cash Flow Statement for a Startup Civil Engineering Company

You will also want to include an appendix section which will include:

• Your complete financial projections
• A complete list of your company’s business policies and procedures related to the rest of the business plan (marketing, operations, etc.)
• Any other documentation which supports what you included in the body of your business plan.

Writing a good business plan gives you the advantage of being fully prepared to launch and/or grow your civil engineering company. It not only outlines your business vision but also provides a step-by-step process of how you will accomplish it.

A well-written business plan is an essential tool for any civil engineering company. The tips we’ve provided in this article should help you write a winning business plan for your civil engineering company.  

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Engineering Consulting Business Plan

• Description
• Executive Summary

Products & Services

• Market Analysis

Marketing Plan

• Management Plan

Financial Plan

What you get with engineering consulting business plan package, i.- executive summary.

E-Flux is an engineering consulting startup set to be opened in 2023 in San Francisco, California. The company is positioned to address a significant gap in the engineering consulting field in terms of providing services and products tailored to their customers’ needs. E-Flux is dedicated to the highest quality of guidance and advice, with an engaged team of experienced engineers and a commitment to providing innovative solutions while minimizing any potential risks.

Our team is driven to alleviate the burden of businesses seeking to achieve their project goals, in order to reduce the financial and technical risks in their investments. E-Flux strives to provide the best solutions that recognize and enhance the loyalty of their clients.

E-Flux specializes in offering a wide array of engineering consulting services and products to clients. Our products and services have been tailored to ensure the highest quality of guidance and advice and have the capability to assist clients in developing innovative solutions to meet their objectives. These services include project management, technical support, product development, and market analysis. Our team of highly skilled and experienced engineers has the qualifications and expertise to help clients understand the risks involved and find successful ways to minimize them.

We strive to create innovative solutions in order to address and eliminate any potential risks that may emerge in the process. Through our commitment to providing the best services and a reliable loyalty program, we aim to continue to expand our customer base in the engineering consulting industry.

Target Market

At E-Flux, we have identified a target market of engineering-related businesses that are in need of assistance with a variety of consulting services. Our clients will range from large engineering firms to small design shops. We believe that our services can benefit any engineering-related business that requires expertise in project management and technical support, product development, or market analysis. Additionally, we plan to extend our services to businesses in the private sector, particularly those interested in capitalizing on the latest technologies to help create sustainable solutions for their businesses.

Ultimately, our target market consists of motivated companies and organizations that are looking for comprehensive, quality engineering services to help them reach their next level of success. To achieve our goal of providing clients with the best services and a reliable loyalty, we plan to continually stay ahead of technological trends and improve our services.

Competition

E-Flux will be competing for customers in the engineering consulting field against a variety of competitors. These competitors range from individual freelancers and smaller firms, to larger corporations that may provide similar services and products. Additionally, many of these competitors have been operating in the industry for much longer than E-Flux, and therefore have an advantage in terms of market presence. Although E-Flux may not be the most experienced in the industry, the team has the necessary qualifications and expertise to provide clients with a high-quality service that has been tailored for the specific project goals and objectives. We are confident that our use of innovative solutions, highly-skilled engineers and a reliable loyalty will set us apart from the competition and allow us to become a trusted partner in our clients' engineering consulting projects.

Financial Summary

The financial plan for E-Flux Engineering Consulting startup includes the following key highlights:

• Estimated capital investment of $100,000 to cover all expenses from start-up to first operation year.
• Projected sales of $250,000 in the first year, with growth to $750,000 in the second year and $1,200,000 in the third year.
• An estimated 25% net profit in all subsequent years of operation.
• Expenses are estimated to remain relatively constant, at approximately $200,000 per year.

These figures are based on estimates and assumptions and may be subject to change as the business develops.

Funding Requirements

To launch E-Flux, the following funding is required:

• Initial Capital: $150,000
• Operating Expenses: $100,000 for first 6 months
• Marketing Costs: $50,000
• Business Insurance: $20,000

This funding will be used to develop and launch the business infrastructure, build the team, and create marketing campaigns that promote the services and products of E-Flux.

Milestones and Traction

At E-Flux, we strive to ensure that all of our products and services are tailored to our client’s needs. The roadmap table below outlines the current state of our business and the specific milestones we plan to achieve as we move forward.

We have identified that our focus over the next few years includes developing our team of engineers, providing quality service and advice with project management, technical support, and product development. Our primary objective is to increase market share and to remain supportive of our loyal clientele. We are passionate about creating reliable solutions to address and eliminate potential risks, as well as meeting or exceeding our clients’ expectations.

The milestones we have outlined in our roadmap table consist of acquiring the necessary funding and qualified personnel to open in San Francisco, California in 2023; introducing the innovative solutions that create value for our clients; and increasing our market presence and client base consistently over the next several years.

With these clearly defined milestones, we are confident that E-Flux will be well positioned in the engineering consulting industry in San Francisco. Our dedication to quality service and products, as well as our commitment to our clients, will ensure success and sustainability in the long-term.

II.- Products & Services

E-Flux was created to address the issue of limited, inefficient engineering consulting services that are costly and ultimately serve to present a disservice to our customers. The engineering consulting landscape is filled with an overwhelming amount of information and services that can be difficult to identify due to the lack of access, guidance, and reliable solutions currently available. Many of these services are too expensive for the typical customer, while some are underpriced and not reflective of current market conditions. Additionally, clients often lack the technical experience necessary to distinguish the differences between one engineering firm and the next, putting them at a distinct disadvantage when it comes to making informed decisions that are in their best interest.

At E-Flux, we believe in giving customers the best possible experience. We offer up-to-date industry knowledge, competitive prices, and tailored solutions that are tailored to their specific needs. With our wide range of services and products, we strive to lessen the burden on customers while they navigate the complexities of the engineering consulting field. We aim to provide an inclusive and comprehensive solution so that our clients can make informed decisions and trust in the services we provide.

At E-Flux, we deliver thoughtful and innovative solutions designed to meet the specific needs of our clients. Our team of highly skilled engineers provides reliable technical assistance and project management to ensure the successful deployment of our services and products. Our solutions focus on eliminating risks and providing the highest quality advice from the inception of the project to the successful completion. We offer tailored project management, product development, and market analysis services, along with reliable technical support. Furthermore, we prioritize customer loyalty, recognition, and satisfaction through products and services that are driven by innovation and personalized service. Our team will work with each customer to ensure that their project is based on the best currently available technologies, using insights and experience to ensure a successful outcome.

Validation of Problem and Solution

The engineering consulting sector is rapidly evolving, creating a need for companies that specialize in providing tailored offerings to clients. At E-Flux, we have taken the time to gain a comprehensive understanding of the industry and the most pressing problems impacting clients in the field. Through targeted market research, we have identified the need for a specialized provider that can address unique engineering-related issues and develop innovative solutions.

In order to validate this need, we have conducted surveys with a range of stakeholders and received positive feedback. Our findings have been presented in various publications and include responses indicating that there is an unmet demand for well-tailored engineering consulting services. Moreover, we have been engaging top engineering talent to ensure our product and service offerings are of the highest quality.

The results of our validation efforts have also yielded key insights into the engineering consulting market and how our products and services can best address issues for clients. In addition, we have already started to develop relationships with potential customers through our network of contacts within the industry. Our ultimate goal is to create a loyal customer base, providing the highest quality products and services that benefit our clients’ businesses.

Product Overview

E-Flux provides an array of services and products to meet the needs of engineering clients. Our product offerings include project management and technical support services, product development and market analysis. Our services are designed to provide our customers with the highest level of guidance and expertise when managing their projects, from the initial conception to the successful deployment. We strive to create innovative solutions while ensuring our clients can identify and manage potential risks in the process.

Our team of engineers is highly qualified, with the necessary skills and experience to ensure our clients receive the highest quality of service and advice. We believe in developing long-term relationships with our clients, through providing consistent, reliable loyalty and support. We endeavour to ensure that our clients are consistently recognizing and utilizing our products and services for their best value.

E-Flux is entering a competitive market, with a range of existing engineering consulting firms all offering a variety of services and products. In order to successfully compete and remain competitive, E-Flux will draw on its expertise and experience, offering innovative solutions and recognizing and addressing any potential risks. While many of E-Flux’s offerings may overlap with competitor firms, E-Flux is uniquely positioned to provide reliable and high-quality services from the moment of conception, through to successful deployment. E-Flux is also committed to a loyalty program that offers recognition and enhancement to its clients. In this way, E-Flux stands apart from its competitors in its uncompromising high-level of customer service.

Products & Services: Roadmap

At E-Flux, we have already taken several steps to become an established engineering consulting firm. We have identified the services and products to offer, built a team of experienced engineers, and started building our brand. Now, we are preparing for the official launch of our firm in 2023. Our roadmap for the growth of E-Flux includes the following steps:

• Developing a comprehensive website to showcase our services and products, and connect with potential clients.
• Extending our network and developing relationships with other engineering firms and relevant industry stakeholders.
• Constant upgrading of our services and products to meet and exceed industry standards.
• Creating content such as blog posts and e-books to educate our clients and grow our brand.
• Introducing referral programs and discounts to increase customer loyalty.
• Continuously evaluating our services and products to ensure they meet our customers' needs.

At E-Flux, we are committed to staying ahead of the market and fulfilling our mission of providing reliable engineering consulting services to clients in the most efficient and cost-effective way.

III.- Market Analysis

Market segmentation.

The engineering consulting industry is composed of a broad range of customer segments, each of whom has unique needs, preferences, and challenges. At E-Flux, we recognize this complexity and strive to segment potential customers based on their distinct characteristics and requirements. To do this, we have divided our target segment into the following potential customer groups, as outlined in the table below.

At E-Flux, we understand that creating an exceptional customer experience is key to helping our customers achieve their project goals and objectives. We will strive to tailor our services and products to meet the specific needs of each market segment in order to ensure their success and satisfaction.

Target Market Segment Strategy

Our ideal customer for our engineering consulting business is a larger business in need of technical consulting services for a variety of engineering challenges. We believe that this target market segment is most likely to reap the greatest benefit from our services, as they’re likely to need the most complex engineering solutions and demand the highest levels of quality, reliability and accountability.

In pursuing this target market segment, we plan to market our engineering services to larger businesses through online, traditional, and direct marketing initiatives. Leveraging our existing clientele and meaningful partnerships, we’ll develop a marketing strategy that reaches our target market and emphasizes the value of our engineering consulting services to businesses in need.

Key customers

Our ideal customer archetype would be a large engineering consulting business in need of a reliable partner to help them provide high-quality services to their own customers. A key customer may require the consulting services of our engineering firm in various fields like electronics, mechanical, and IT engineering. Through our established global network and expertise in fields of engineering, we will be able to fulfill the requirements of this key customer and exceed their expectations in terms of quality, innovation, and cost-effectiveness.

Future Markets

In light of the analysis provided in the previous sections, our engineering consulting business plan stands to take advantage of a steadily increasing demand in a wide range of industries. This includes areas such as media and communications technologies, medical devices, and transportation equipment. By successfully leveraging our industry experience and technological capabilities, we intend to establish a strong presence in all of these burgeoning markets.

In order to capitalize on these opportunities, we plan to develop our capabilities in a few key areas. Firstly, we will create the necessary infrastructure to support our operations, including a network of technicians and an IT support system that will enable efficient operations. Secondly, we will focus on developing relationships with key partners in our target industries, in order to secure strategic contracts and gain market access. Lastly, we will closely monitor existing and emerging trends in the engineering consulting industries in order to identify potential areas of growth and capitalize on them.

E-Flux is one of the few engineering consulting startups that focuses on offering comprehensive services and products in the field. There may be a few other consulting firms competing against us in the market, however, we have the advantage of tapping into a wider customer base. To have a better understanding of our competition, we have assessed them alongside the services and products they offer. The following table provides a comprehensive list of competitors in the market and the services they offer:

Our competitive advantage comes from our years of experience in the engineering consulting field, coupled with our commitment to providing effective and reliable services to our clients. We strive to stay ahead of our competitors by offering the best-quality services and solutions.

IV.- Marketing and Sales Plan

E-Flux’s marketing strategy focuses on leveraging our experienced and highly qualified engineering team and cultivating strong relationships with clients. Our goal is to provide personalized customer service and outstanding customer loyalty. To this end, we will invest in the following three components of our marketing plan.

Advertising and Promotion

Advertising and promotion will be used to actively promote our engineering consulting services to potential and existing customers. We plan to allocate 10-15% of our overall budget to advertising and promotion and will focus on utilizing payment-per-click (PPC) campaigns, social media, and direct mail. We will also attend relevant industry events to promote our services.

Public Relations

Our public relations strategy will focus on creating awareness of our brand and the services we provide. We will work with industry magazines, blogs, and press releases to generate interest in E-Flux. We plan to reach out to as many potential customers as possible, such as industry professionals, businesses, and architects. We will also utilize word-of-mouth referrals and positive customer testimonials to promote the value of our services.

Loyalty Programs

E-Flux will create loyalty programs aimed at rewarding existing customers. These programs will include discounts, invitations to exclusive events, and rewards for referrals. Furthermore, customers will be given the opportunity to provide feedback and suggestions to further improve our customer service and the customer experience.

Our sales plan is based on our knowledge of the current conditions in the engineering consulting market, our capacity to deliver our services, our pricing strategy and other relevant factors. We estimate that, with our current resources and pricing strategy, we will be able to acquire up to 15 new customers in our first year. We also anticipate that we will be able to increase our customer base and sales by at least 25% in each subsequent year of our business. Our sales strategy will focus on promoting our services to relevant clients with our customized packaging and pricing approach.

Location and Facilities

E-Flux will be opening its doors in San Francisco, California in 2023. We will be playing a major role in the engineering consulting field and are proud to be situated in the famed Bay Area. Our physical business location provides us with access to renowned universities, research institutions, and the like. In addition, San Francisco's well-known business hubs, incubators, and coworking spaces provide us with the perfect environment to collaborate and innovate.

The costs of operation will be covered by both our investors and clients. E-Flux strives to maintain a business-friendly atmosphere and offers a number of amenities, such as on-site conference facilities, private offices, and a modern work environment. Furthermore, our team has access to cutting-edge tools and services that help keep their operations running smoothly. We also have an excellent digital infrastructure that enables us to provide our clients with the best support and services.

Our engineering consulting firm relies on the latest technologies to ensure that our consulting services are conducted efficiently and effectively. In particular, we have developed proprietary software that is designed to analyze large data sets quickly and accurately. Our software is able to track and compare large amounts of data, and this allows our customers to receive the essential insights they need to make the best decisions possible. This type of software is unique to our company, and we believe it is instrumental in our success.

We also utilize data analytics to help our clients understand trends and potential industry changes. This allows us to provide our clients with more precise recommendations for their businesses. Our technology facilitates collaboration within our team, enabling us to quickly and easily communicate with clients and colleagues, and work on projects from any location.

Equipment and Tools

The success of our engineering consulting business depends on the effective use of the right tools and equipment. We will need specialized equipment to deliver high-quality services. This section outlines the specific tools and equipment that our business requires and their associated costs, laid out in a table format.

V.- Management and Organization

Organizational structure.

This engineering consulting business plan will contain an overview of the structure of the organization, detailing roles and responsibilities of specific employees, and providing a breakdown of the flow of information between different layers. A visualized table layout is shown below.

The figure above outlines the different roles within the organization and their primary responsibilities. The flow of information between these different levels will look something like this: the CEO makes overall decisions and sets the direction of the organization. The Director of Engineering receives these directions and assigns projects to Project Managers. The Project Managers assign tasks to engineers, and the engineers design solutions accordingly. Overall, it is the responsibility of the CEO to ensure that the organization is successfully implementing strategies and achieving its goals.

Management Team

Our consulting engineering business plan anticipates a requirement for a management team that consists of a range of people with different roles and areas of expertise. Our goal is to recruit highly qualified candidates to take on key leadership positions, who possess the skills and experience needed to optimize the operations of the company.

The table below details a selection of potential candidates who could be considered for hire as high level management roles within our company.

Management Team Gaps

Our current challenge is in finding individuals with the right combination of experience and expertise to fulfill a variety of existing and potential positions in the management team. We currently lack personnel to fill the positions of Chief Engineer and Chief Financial Officer.

We are also in need of highly experienced professionals who can manage the engineering projects, oversee quality control and assurance, and ensure client satisfaction. Our team does not currently have any candidates ready to fill those roles, and we are in the process of interviewing and selecting candidates for these positions.

Personnel Plan

One of the most crucial components of a successful engineering consulting business is the personnel plan. It is important to have a detailed plan that outlines and identifies the roles, responsibilities and qualifications necessary to maintain the operations of the business.

A table of potential positions and the necessary qualifications that would be expected for each position can be found below:

Company History and Ownership

E-Flux is a specialized engineering consulting startup, founded and established in 2023 by a small group of experienced engineers. Our business concept is based on the idea of providing high-quality consulting services and products to assist clients in their engineering projects. Since our foundation, we have steadily grown and established ourselves as a reliable provider of engineering solutions.

E-Flux is proud to be a privately owned firm. We are committed to uphold high professional standards and ethical approaches to our work. Our values are integrity, creativity, excellence, innovation, prioritizaton, safety, sustainability, and customer satisfaction.

A detailed roadmap of specific goals and objectives is essential to help manage and steer any engineering consulting business. To be successful in this field, it is important for us to establish milestones and checkpoints for both short- and long-term progress. Through a table format, we can identify achievable, quantifiable goals and track our progress over time. These milestones are necessary for forming an effective strategy from which our business can grow and succeed.

Key Metrics

When creating an engineering consulting business, it is important to be aware of key performance indicators (KPIs) to gauge the overall performance and health of your business. These metrics are important to track your progress and be held accountable for any issues or goals you have. Examples of KPIs could include customer retention rate, sales targets, response rate from proposals, on-time completion rate, and customer satisfaction. It is essential to track these metrics and adjust your business model according to the results.

VI.- Financial Plan and Metrics

Sales forecast.

Our extensive engineering consulting market research has identified potential sales and revenue growth as a result of our expansion into new markets, product and service innovations, targeted marketing strategies and our entrance into new geographic regions. The following sales forecast table outlines our projected sales across the next three years.

Engineering Consulting Financial Plan Key Inputs

The expected or incurred costs of starting and operating an engineering consulting business are divided into two categories: startup costs and operational expenses. Startup costs are one-time expenses, such as registration fees and equipment purchases, while operational expenses are ongoing costs such as rent, payroll, and taxes.

Startup Costs

Operational expenses.

This part of the business plan is where you present the three main financial documents of any startup: the income statement, the cash flow statement, and the balance sheet. The income statement will provide information on the projected revenues and expenses of the engineering consulting business. In the cash flow statement, we will outline the expected cash inflows and outflows. The balance sheet will provide information on the assets, liabilities, and owner's equity of the business. With these three financial documents, our investors and stakeholders will be able to assess the financial stability of the business and our ability to realize our goals.

Engineering Consulting Financial Plan Profit & Loss Statement

Engineering Consulting Financial Plan Cash Flow Statement

Engineering Consulting Financial Plan Balance Sheet Statement

Our personnel plan outlines how and who we intend to hire, how their compensation will be determined, and how employees will fit into our business operations. We will be hiring experienced engineering professionals as well as entry-level personnel to support our different projects. Compensation will be determined based on experience and job role. We will also provide incentives for any extra work that is done, such as completion bonuses and milestone rewards.

Our intention is to provide our employees with a challenging yet supportive work environment. We believe in creating a culture of innovation, inclusivity, and respect. This will help us achieve our goals of providing our clients with the best possible service.

Capital Requirements and Use of Funds

As an engineering consulting business, we recognize that raising sufficient capital is essential for our success. Capital requirements should be based on our estimated expenses and growth plans, as well as any potential debt financing. We also want to ensure that capital is invested in a way that best positions our business for growth and success.

Our capital requirements will be based on the following essential expenditures:

• Salaries for existing employees and new personnel if needed
• Rent and other facility expenses
• Marketing and advertising expenses
• Operating expenses including technology and administrative support
• Any capital expenses associated with long-term investments (i.e. structure and equipment leases)

The amount of capital needed will depend on the size of our team, the specific services we are offering, and the individual costs associated with each expenditure. We will then use the capital raised to fund our working capital needs, such as wages and materials costs, as well as short-term investments such as technology and marketing initiatives. Any remaining capital will be used to fund long-term investments that will help to improve our services and scale our business.

Exit Strategy

Our engineering consulting business intends to exit the market after five years through a strategic acquisition of our business by a large industry player and professional competitor. We have identified potential targets and plan to begin initiating contact towards the end of the third and fourth year of our business to lead to a successful conclusion of the acquisition transaction.

In the event that an acquisition is not possible, the most likely course of action in the sixth year will be to begin the process of a gradual sale of the business to a strategic investor or venture capital firm. This will include the transfer of all operations, clients, personnel, and other assets of the business. This strategy will ensure the continuity of the business's success in the engineering consulting industry.

Customer Reviews

10 Engineering Business Ideas for High Income

Engineering businesses are related to building and implementing an engineered solution to a real-world problem. Unlike eCommerce businesses, engineering businesses need large capital infusions and abroad market. With the increasing consumer economy, a large number of businesses require new and innovative solutions in manufacturing. With the right mix of design and innovation, such markets can be identified and dominated to create multi-million dollar businesses. However, if you are looking for some great engineering business ideas or engineering startup ideas then you have landed at the right place.

Before proceeding the business ideas for engineers , you should have a look at our list of 87 Business Ideas With Low Investment and High Profits .

Engineering Business Ideas

3d printing, non-stick cookware, solar panel installation, automobile-repair shop, household appliances, engineering consultancy, weighing machine manufacturer, mining equipment manufacturer, fitness equipment manufacturer, training school.

Conclusion FAQs

3D printing involves recreating products using a raw material fed into a machine that cuts a 3D design into an actual, real prototype. This is one of the works that is highly innovative and is a need of the hour. Many people who seek the services of 3D printing to make samples, prototypes or even actual commercial products.

3D printing services can generate huge profits due to large margins since it is a premium service. Currently, this field is unexplored due to high capital infusion for the machinery involved and due to the lack of companies making quality 3D printers. 3D printers are yet to see engineering innovative ideas which can boost business in this segment. Chizel is one of the startups that gives 3D printing services.

This business is very profitable to begin because cookware utensils are needed in daily life to make food that is free from being charred. Nowadays, a large percentage of people turn to non-sticky cookware even for a higher premium because of the utility it offers. Hence, this is a viable business requiring engineering solutions.

Moreover, non-stick cookware has more benefit than other cookware as it consumes less oil and food is healthier when cooked in this type of cookware. Furthermore, if you explore more in this business segment then you might be going to have a win-win business model waiting for you.

Electricity can be generated from solar energy using solar panels. Solar energy is the need of the hour with the world’s increasing need for energy and the non-sustainability of fossil fuels to fulfil this need. On the other hand, solar panels can transform sunlight into electrical energy, which is renewable, sustainable and non-depleting.

This is one of the best electrical engineering startup ideas or electrical engineering business ideas which makes manufacture and installation of solar panels at homes and workplaces a great engineering business idea so that the people can easily produce their own, clean electrical energy without having to pay the surmounting electricity bill each month and reducing the dependency on the depleting fossil fuels. However, this would bring down pollution and will further reduce cost overall.

With the increasing urbanisation, the number of people buying their own automobiles is at an all-time high, and this is increasing every passing moment. With the advent of eco-friendly solutions like Tesla , the world is on the verge of a new-automobile revolution.

With the increasing number of cars and motorbikes being sold, an automobile repair shop is a viable engineering business idea that can actually help the people cater to their automobile repair needs.

Household appliances such as coffee makers, toasters, vacuum cleaners, tools, and other appliances are a part of everyday urban life. A business making home appliances will greatly benefit you when you are able to prove to them that the equipment that you can create functions properly and has greater benefits. People will prefer these innovations compared to their older models and shall adapt to the innovative, new version of the old equipment.

By having expertise in engineering, one can set up an engineering consultancy firm . This is one of the least capital intensive engineering businesses and one can join with other engineers and employ them to grow the business and gain quality clients by providing value to them with expertise in the technical field.

Engineering consulting firms may require Engineers from multiple disciplines including Civil, Structural, Mechanical, Electrical, Environmental, Chemical, Industrial, Agricultural , and others. This diversity may be necessary to cover a wide variety of potential projects that could be presented to the firm.

Weighing machines are needed in various fields such as manufacture, retail , and logistics . Even households require weighing machines for their own domestic requirements.

There is a constant need for knowing the exact weight of many items, e.g., food, ingredients for production, pharmacology, chemistry, technology, etc. This makes it a viable business because there are varied customer groups who would be interested in buying this machine, customized according to their needs.

There are only a few companies that work in the field of mining equipment manufacturing due to the high complexity and the engineering dexterity involved in the same. Mining equipment includes mining drills and tools, earthmovers, crushing equipment and machines, feeding & conveying equipment, and others.

Furthermore, the adoption of various technologies such as automation and IoT is reducing labour cost and operational time associated with mining activities, this in turn is expected to increase the demand for innovative mining equipment. In addition, growing consumption of natural resources, such as coal, diamond, and uranium, and increasing need for mineral fertilizers to improve agricultural yield supplements are major factors expected to increase the demand for the global mining equipment market.

With the right expertise, innovations, and capital, one can make world-class equipment and bring value to large-scale corporation clients that operate in this engineering intensive field.

Worldwide, the rise of obesity and the incidence of weight-related health problems such as diabetes, hypertension, and heart disease increases concern about health and drives the use of fitness equipment.

This makes a quality fitness equipment manufacturing business with a clear differentiator, a strong business that is scalable as the urban population is happy to invest in fitness equipment even at premium prices. This helps people to either train at the convenience of their own homes as an auxiliary training to their regime at the gym .

The training school is the best business for engineers as it is the right place to coach kids who have expertise in the field of engineering. Such schools help students to practice in both theories as well as with hands-on experiments, making the students gain valuable real-life insights.

As a trainer, one contributes greatly towards shaping students who are intelligent, competent in their field and are trained to become innovators in their fields. This can provide benefits to them to prepare them for their professional careers and create disruption in their fields.

Basically, to start any business a person needs passion and constant dedication. A person should be able to identify the specific demand and the target customers for his products and services. We hope this list of engineering related business or engineering business opportunities will help you to start your own business.

Can an engineer become a businessman?

Having an engineering degree will provide many different job opportunities. One of those career possibilities includes becoming an entrepreneur. Starting a new business can be quite challenging. However, an engineer possesses a few characteristics that will make the transition a bit easier.

How to start an engineering business at home?

Work out what you have to offer to the market, and make sure there is a niche for your company. Define your value proposition before you create your engineering consulting business plan. Think of it as the starting point from which you will develop the firm. Write it down and make your value proposition your mantra.

What are some best startup ideas for engineers?

Some startup ideas for engineers or business ideas for engineering students in India:

• Nuts and Bolts Manufacturing.
• Solar Panel Installation.
• Product Assembly Service.
• Mechanical Engineering Consultancy Firm.
• Supply Chain Management.
• Chemical Industry Machines Designing.
• CNC Machining Business.
• E-waste Recycling, etc.

Must have tools for startups - Recommended by StartupTalky

• Manage your business smoothly- Google Workspace

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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.

Click here to view this full business plan

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Engineering Business Plan Template

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1. Don't worry about finding an exact match

We have over 550 sample business plan templates . So, make sure the plan is a close match, but don't get hung up on the details.

Your business is unique and will differ from any example or template you come across. So, use this example as a starting point and customize it to your needs.

2. Remember it's just an example

Our sample business plans are examples of what one business owner did. That doesn't make them perfect or require you to cram your business idea to fit the plan structure.

Use the information, financials, and formatting for inspiration. It will speed up and guide the plan writing process.

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Civil Engineering Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Construction & Engineering

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

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

Starting a civil engineering business is capital intensive because of the heavy duty equipment that are required to carry out construction projects and also the cost of managing a large workforce.

Despite the fact that the construction industry requires huge startup capital, the industry is highly profitable especially if you have the expertise and capacity to deliver quality jobs. The major clients for civil engineering companies are governments and the private sector.

Major civil engineering companies all over the world head towards developing countries, because they know that they are going to get juicy construction contracts there. The fact that they have infrastructure deficit means that the government must be up and doing in terms of road constructions, bridge construction, public facility construction (hospitals, schools, office facilities and estates et al) etc.

If you are truly convinced that starting a civil engineering company is the right business for you, then you need to write your own business plan. The essence of writing a business plan before starting any business is for you to have a roadmap and a blueprint of how you would want to setup, manage and expand your business.

Below is a sample civil engineering company business plan template that will help you successfully write yours with little or no stress.

A Sample Civil Engineering Business Plan Template

1. industry overview.

Civil engineering business is a subset of the Construction industry and the Construction industry consists of establishments that are majorly into building construction, heavy and civil engineering construction, specialty trade contracting and other related activities.

The construction industry is responsible for the infrastructural development of the world. In other words, all the edifices, bridges, dams, roads, estates, campuses, shopping malls, office complexes, skyscrapers and massive structures that you see around are all products of the construction industry.

The value of private nonresidential construction includes new construction and renovations associated with all nonresidential buildings, including commercial, industrial, educational and religious structures. The Construction sector derives just over 70.0 percent of its revenue from new construction, renovation and repairs on nonresidential buildings.

As a result, construction contractors benefit from increased private nonresidential construction. The value of private nonresidential construction is expected to increase in 2018, presenting a potential opportunity for the sector.

Statistics has it that in the united states of America alone, there are about 3,186,774 registered and licensed construction companies scattered all across the United States responsible for employing about 8,761,382 people and the industry rakes in a whooping sum of $2 trillion annually.

The industry is projected to grow at a 3.4 percent annual growth within 2013 and 2018. It is important to state that the companies holding the largest market share in the industry include D.R. Horton Inc., Fluor Corp., Turner Construction Company, AECOM and EMCOR Group Inc.

A recent report published by IBISWorld shows that the Construction sector has performed well over the past five years to 2018, exhibiting a strong turnaround following the early economic recovery.

Revenue for the sector rose 4.3 percent in 2013, a level unmatched since the beginning of the economic recession, as improved household finances and increased consumer sentiment encouraged building activity to resume at a rapid pace.

Sector revenue continued to grow robustly in 2014, 2015 and 2016, bolstered by favorable interest rates, easing access to credit and accommodative lending standards by banks. The report also indicated that growth for the sector stagnated in 2017, as the yield on the 10-year Treasury note soared 26.5 percent, stifling investment in new projects.

As a matter of fact, over the past five years, the Construction industry in the US has grown by 3.4 percent to reach revenue of $2tr in 2018. In the same timeframe, the number of businesses have grown by 1.0 percent and the number of employees has grown by 2.2 percent.

The success of civil engineering companies to a larger extent depends on their relationship with the biggest clients in the industry; the government of any country. No doubt, there is always enough construction contracts to go round as long as a civil engineering company is competent and well positioned.

2. Executive Summary

Justin Wellington® Civil Engineering Company is an international civil engineering company that has its headquarters in Santa Fe, New Mexico – USA. The fact that we are based in the United States does not in any way restrict our scope of operations. We are an international civil engineering company and we work for clients in any part of the world.

Justin Wellington® Civil Engineering Company is world class civil engineering company that will be specialized in the constructions of skyscrapers, bridges, stadiums, roads, dams, office complexes, shopping malls, schools, campuses and estates et al. Creativity, excellence and timely completion of projects will be our signature.

We intend starting our civil engineering business on a small scale in Santa Fe – New Mexico, but we intend to have our presence in any part of the world that our clients want us to work. We hope to achieve this feat within the first 8 years of launching the company.

Justin Wellington® Civil Engineering Company is fully aware that starting a civil engineering business requires huge capital base, which is why we have perfected plans for steady flow of cash from private investors who are interested in working with us.

We can confidently say that we have a robust financial standing and we are ready to take on any construction project that comes our way as long as the project is duly commissioned by the required authority.

Justin Wellington® Civil Engineering Company will be owned by Engr. Justin Wellington and other partners. They also have plans to sell shares of the company in the nearest future to interested investors. Justin Wellington who is the principal partner has a degree in Civil Engineering and an MBA from the University of Chicago Booth School of Business.

He has over 25 years’ experience in the construction industry. Before starting his own civil engineering company, he was a senior project manager and consultant with one of the largest civil engineering companies based in the United States.

3. Our Products and Services

Justin Wellington® Civil Engineering Company will undertake both small and massive construction projects for governments, private sectors and for individuals which is why we do not intend to place limitations of the scope of the projects we handle.

We know that if we are good at what we do, it will make it easier for our brand to grow beyond Santa Fe – New Mexico to other parts of the United States of America. Our business offerings are listed below;

• Road Construction
• Bridge Construction
• Dam construction
• Airports and Helipads Construction
• Seaports Construction
• Skyscrapers construction
• Estate construction
• Public facility construction (hospitals, schools, shopping malls, office complexes and industrial facilities et al)
• Construction of residential facilities
• Property Makeover Services
• Construction Consultancy and Advisory Services

4. Our Mission and Vision Statement

• Our vision is to build a first class civil engineering company that will have active presence in North America, South America, Africa and Asia.
• At Justin Wellington® Civil Engineering Company, our mission and values are to help governments, the private sector and individuals in the United States and throughout the world realize their dreams of building structures that can compete on a global stage.

Our Business Structure

We will ensure that we build a team that will work together towards achieving the company’s corporate vision. We will build a business that has the right structures and processes in place that can support growth.

In view of the above, we have made provisions for the following positions in our organization based on the size of the company we intend starting, but as the business grows, we will create senior level positions and also create a structure that will support the business growth.

• President/Chief Executive Officer (President)

Project Manager

Civil Engineer

• Structural Engineer
• Quantity Surveyor

Land Surveyor

• Company Lawyer/Secretary

Admin and HR Manager

Business Developer

• Front Desk Officer

5. Job Roles and Responsibilities

Chief Executive Officer – CEO (President):

• 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
• Produces, connects, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Accountable for fixing prices and signing business deals
• Responsible for providing direction for the business
• Accountable for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Reports to the board
• Responsible for the planning, management and coordinating all projects on behalf of the company
• Supervise projects
• Ensures compliance during project executions
• Provides advice on the management of projects
• Responsible for carrying out risk assessment
• Uses IT systems and software to keep track of people and progress of ongoing projects
• Responsible for overseeing the accounting, costing and billing of every project
• Represents the organization’s interest at various stakeholders’ meetings
• Ensures that project desired result is achieved, the most efficient resources are utilized and different interests involved are satisfied.
• Responsible for preparing bids for tenders, and reporting to clients, public agencies and planning bodies
• Ensures that sites meet legal guidelines, and health and safety requirements
• Assesses the environment impact and risks connected to projects
• Responsible for judging whether projects are workable by assessing materials, costs and time requirements
• Draws up blueprints, using Computer Aided Design (CAD) packages
• Discusses requirements with the client and other professionals (e.g. architects and project managers et al)
• Responsible for managing, directing and monitoring progress during each phase of a project
• Responsible for creating building designs and highly detailed drawings
• Works around constraining factors such as town planning legislation, environmental impact and project budget
• Adapts plans according to circumstances and resolving any problems that may arise during construction
• Works with project team and management to achieve a common goal
• Responsible for undertaking land surveys / measurements using a variety of specialist technical equipment
• Accountable for producing and advising about construction plans and drawings
• Responsible for advising about technical matters and whether the construction plans are viable

Company’s Lawyer/Secretary

• Responsible for drawing up contracts and other legal documents for the company
• Consults and handle all corporate legal processes (e.g. intellectual property, mergers & acquisitions, financial/securities offerings, compliance issues, transactions, agreements, lawsuits and patents et al)
• Develops company policy and position on legal issues
• Researches, anticipates and guards company against legal risks
• Represents company in legal proceedings (administrative boards, court trials et al)
• Plays a part in business deal negotiations and take minutes of meetings
• 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.
• Outlines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Accountable for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Oversees the smooth running of the daily office activities.
• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts
• Accountable for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company
• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managers with financial analyses, development budgets, and accounting reports
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• In charge of developing and managing financial systems and policies
• Accountable for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the company
• Serves as internal auditor for the company

Front Desk/Customer’s Service Officer

• Receives Visitors/clients on behalf of the organization
• Receives parcels/documents for the company
• Handles enquiries via email and phone calls for the organization
• Distributes mails in the organization
• 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
• Consistently stays abreast of any new information on the company’s properties that are put up for sale, promotional campaigns etc. to ensure accurate and helpful information are supplied to clients when they make enquiries.

6. SWOT Analysis

We know that surviving in the business world as a civil engineering company requires more than knowing how to deliver standard projects but also how to network with key people that matters; decision makers that can decide who a construction project is giving to.

We know that it will be a bit difficult to compete with already established civil engineering companies in the United States especially because we are new in the industry.

In order to properly position our company for growth and to favorably compete in the construction industry, we engaged the services of Dr. Andrew Trump, a renowned HR and business consultant in the United States of America to help us run a SWOT analysis for the business.

It is important that we know our strengths, weaknesses, the opportunities that we can leverage on in the industry and the threats that we are likely going to be confronted with. With that we will be able to map out strategies that will not only help us to survive in the industry but also to build a global civil engineering brand.

Here is a summary from the result of the SWOT analysis that was conducted on behalf of Justin Wellington® Civil Engineering Company;

Justin Wellington® Civil Engineering Company can confidently boast of having a competent management team that are some of the best hands in New Mexico. Although we are a new civil engineering company, but our president and board of trustees are respectable people in the United States of America who have served the US government in various capacities.

The fact that we are a new civil engineering company could count as a weakness. It is normal for clients to think twice before awarding construction contracts to newbies in the industry. Another weakness that can count against us in the industry is the fact that we may not have the financial muscle to drive the business the way we ought to drive it.

We require huge financial base to be able to higher top government lobbyists and also to acquire some of the latest heavy duty construction equipment.

• Opportunities:

Our business concept, our mission and vision puts us at an advantage in the industry. We will start small to build trust within Santa Fe – New Mexico and there are loads of opportunities for us there simply because we are positioned to work with both the state governments and the private sector.

Civil engineering companies are subject to threats from government policies, global economic downturn and unforeseen natural disasters (disasters that may cause setback). In 2018, the yield on the 10-year Treasury note is expected to increase, posing a potential threat to the sector.

These are the threats that we are likely going to face as a newbie civil engineering company in Santa Fe – New Mexico. Another threat that we are likely going to face is the arrival of a big civil engineering company in the location where our business has strong presence.

7. MARKET ANALYSIS

• Market Trends

The trend in the construction industry is that construction companies are always coming out with processes that will help them achieve more within a short period; construction jobs can be time consuming especially massive infrastructures.

Most players in the construction industry are aware that the government of any country or state is the biggest client they can get and they do all the lobbying to ensure that they get government contracts. No doubt, there are loads of big time investors that have stakes in the construction industry, but one thing is certain, there is room big enough to accommodate both the big and small civil engineering companies.

What smaller construction companies need to do to survive in the industry is to concentrate on developing estates, schools, hospitals and hotels et al before bidding for big construction contracts like road construction, bridge construction, dam construction and skyscrapers et al.

Another obvious trend in the construction industry is subletting of contracts. It is now obvious that construction giants leverage on their brand to win contracts and in some cases after they have won the contract, they will go ahead to sublet the contract to smaller companies that they trust can execute the project at an agreed fee that will be good enough for both parties to make profits.

Smaller civil engineering companies position themselves to be able to leverage on such opportunities once it presents itself.

8. Our Target Market

Our target market cuts across governments at all levels and countries, the organized private sector and people of different classes and from all walks of life. We know that our selling points will be our excellent and timely delivery of construction projects using global best practices. Below is a list of the people and organizations that we have specifically designed our services for;

• Organized private sector (Corporate organizations)
• Land Owners
• Businessmen and women
• University Campuses
• Foreign investors who are interested in owning properties in the United States of America
• The government of the United States of America (Government contracts)
• The governments of other nations of the world

Our competitive advantage

We are quite aware that there are civil engineering companies that are well recognized in the construction industry, and we maybe have to compete with them when it is time to bid for juicy government contracts. It might be challenging competing as a newbie in the construction industry especially in a highly organized market like that of the United States, which is why we were deliberate in choosing our board members and lobbyists.

Our competitive advantage is not limited to the crop of highly experienced professions that are members of our management team but also our board members.

Our board members are highly respected professionals in the United States who have served the government of the United States at various capacities; people who are accomplished business gurus and people who have the right connections and experience to make things happen. For us, it is indeed part of the competitive advantage that we are bringing to the market.

Another positive for Justin Wellington® Civil Engineering Company is the fact that our Chief Executive Officer/President is a renowned Civil Engineer, he has robust experience in the construction industry and he has worked extensively as a senior project manager for one of the world’s leading construction companies.

He is sure going to bring is experience, expertise and network (connections) to make Justin Wellington® Civil Engineering Company one of the leading construction brands in Santa Fe, New Mexico and the global construction market.

9. SALES AND MARKETING STRATEGY

We have been able to clearly define our target market and we know how to get them to hire our services which is why we have decided to adopt some of the winning formula that construction giants utilize to win major construction contracts.

We know that it will take different marketing and sales strategies to win clients. For example, there are requirements a civil engineering company would have to meet before they can be awarded a government contract. We have put all these factors in place before creating a workable marketing and sales strategy for Justin Wellington® Civil Engineering Company.

Justin Wellington® Civil Engineering Company is fully aware of the bureaucracy and horse trading that exists in bidding for civil engineering cum construction contracts from the government and even the organized private sector, which is why we were able to put protocols in place to hire some of the best business developer to handle our sales and marketing.

No doubt, our sales and marketing team will be recruited base on their vast experience in the construction industry and their ability to fit into our Business model.

We are going to pay more emphasis in the training of all our employees so as to give them all they would need to help the company achieve its aim and objectives. Justin Wellington® Civil Engineering Company will adopt the following marketing and sales strategies;

• Introduce our business by sending introductory letters alongside our brochure to all the corporate organizations and government offices in Santa Fe, New Mexico and other States in the US.
• Promptness in bidding for civil engineering cum construction contracts
• Advertise our business in real estate / properties magazines and websites
• List our business on yellow pages
• Promote our business on satellite TV and radio stations.
• Attend 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 housing/ property to them
• Leverage on the internet (social media platforms and our official websites) to promote our business.

Sources of Income

Justin Wellington® Civil Engineering Company was established with the aim of maximizing profits through delivering standard construction works for our highly esteemed clients. Below are the sources we intend exploring to generate income for Justin Wellington® Civil Engineering Company;

• Construction of residential apartments

10. Sales Forecast

It is a known fact that as long as there are homeowners in the United States of America, there will always be need to for them to construct or reconstruct from time to time to conform with the trends in the neighborhood or city.

We are well positioned to take on the challenges that are synonymous to civil engineering businesses in the United States, and we are quite optimistic that we will meet out set target of generating enough income/profits from the first month of operation and grow the business beyond Santa Fe – New Mexico to other states in the United States of America within record time.

We have been able to examine the construction industry, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Below are the sales projections for Justin Wellington® Civil Engineering Company, it is based on the location of our business and the civil engineering cum construction and related services within the construction industry;

• First Fiscal Year:  $1.5 million
• Second Fiscal Year:  $3.5 million
• Third Fiscal Year:  $5 million

N.B : This projection was done based on what is obtainable in the industry and with the assumption that all things that will facilitate easy flow of civil engineering cum construction contracts. From our calculations, we are likely going to make a minimum of 30 percent profits after tax from executing key construction projects.

11. Publicity and Advertising Strategy

We have been able to work with our consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. First and foremost, we want our brand to be visible, which is why our publicity strategy has been well crafted to help us achieve our aims and business objectives.

All our publicity materials and jingles are done by some of the best hands in the industry. Below are the platforms we intend to leverage on to promote and advertise our civil engineering business;

• Place adverts on both print and electronic media platforms
• Place our flexi banners with our company’s logo and contacts in every property we put up for sale
• Sponsor relevant TV shows so as to be able to communicate our brand and what we do
• Maximize our company’s website to promote our business
• Leverage on the internet and social media platforms like; Instagram, Facebook, Twitter, LinkedIn, Google+ and other platforms (real estate online forums) to promote our business.
• Install our billboards on strategic locations all around Santa Fe – New Mexico
• Distribute our fliers and handbills in targeted areas from time to time
• Ensure that all our workers wear our branded shirts and all our vehicles and trucks are branded with our company’s logo.

12. Our Pricing Strategy

Although our prices may not be outrageously lower than what is obtained in the industry, but we are hopeful that whatever price we bill our customers will be amongst the lowest they can get in the industry. The fact that we are going to be billing our clients lower than what is obtainable in the industry does not in any way affect the quality of our projects.

• Payment Options

At Justin Wellington® Civil Engineering Company our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them but at the same time, we will not accept payment by cash because of the volume of cash that will be involved in most of our transactions.

Here are the payment options that Justin Wellington® Civil Engineering Company will make available to her clients;

• Payment by via bank transfer
• Payment via online bank transfer
• Payment via check
• Payment via bank draft

In view of the above, we have chosen banking platforms that will help us achieve our plans without any itches and we will also pay our lobbyists with same platforms.

13. Startup Expenditure (Budget)

Having done our due diligence , this is what it would cost us to set up Justin Wellington® Civil Engineering Company in the United States of America;

• The total fee for incorporating the business in The United States of America – $750.
• The budget for permits and license – $2,000
• The cost for hiring Consultant – $2,500.
• The cost for computer software apps (Accounting Software, Payroll Software, CRM Software, Microsoft Office, and QuickBooks Pro) – $7,000
• The budget for insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $5,400.
• The cost for payment of rent for a suitable Office facility with enough space in Santa Fe – New Mexico for 12 months at $1.76 per square feet in the total amount of – $105,600.
• The cost for office remodeling (construction of racks and shelves) – $20,000.
• The cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $15,000
• Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500)
• The cost for acquiring heavy duty construction equipment: $1 million
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $100,000
• The cost of launching our official Website – $600
• Working capital (investment fund): $2,000,000
• Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $5,000

Going by the report from our research and feasibility studies, we will need about $4,000,000 (four million Dollar) to set up a construction company in Santa Fe – New Mexico.

It is important to state that most of the heavy duty construction equipment that we will work with will be leased. This is necessary because some of these equipment are really expensive and it won’t be economical for us to acquire them from the start.

Generating Startup Capital for Justin Wellington® Civil Engineering Company

Justin Wellington® Civil Engineering Company is owned and managed by Justin Wellington and other business partners. They decided to restrict the sourcing of the startup capital for the business to just three major sources.

• Generate part of the startup capital from personal savings and sale of his stocks
• Generate part of the startup capital from friends and other extended family members
• Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $1 million (Personal savings $800,000 and soft loan from family members $200,000) and we are at the final stages of obtaining a loan facility of $3 million 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

Justin Wellington® Civil Engineering Company was established with the aim of building a company that will outlived the founders and partners; a civil engineering company that will have active presence in major cities in the world.

In order to position of company for growth, we have been able to create strong partnerships with the government of the United States of America, organized private sector and construction giants. We are optimistic that we will continue to execute civil engineering cum construction contracts for our clients.

Our marketing team will continue to get the needed support and encouragement that they need to be able to deliver on set goals and targets for the organization, and we will continue to improve our processes and structure to meet up with the changing trend in the construction industry.

Check List/Milestone

• Business Name Availability Check : Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts: 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
• Renting of Office Facility and remodeling the facility: Completed
• Conducting Feasibility Studies: Completed
• Generating capital from the CEO/President and Business Partners: Completed
• Applications for Loan from our Bankers: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Printing of Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of working tools and equipment, 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
• Purchase of utility truck: Completed
• Establishing business relationship with key players in the industry (networking and membership of relevant real estate bodies, government lobbyists, construction companies and building materials dealers): In Progress

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Hospitals to be revamped as business plan approved

An NHS trust has received national approval of its business case.

The Shrewsbury and Telford Hospital NHS Trust (SaTH) said this meant work could start on its Hospitals Transformation Programme.

Under the plans, the Princess Royal Hospital (PRH) site will specialise in planned care and the Royal Shrewsbury Hospital site (RSH) will specialise in emergency care.

The full £312m investment in local services has been released to the trust, meaning the implementation of the new model of healthcare, including construction, can begin.

The trust said the programme would result in shorter hospital stays for patients, and shorter waits for planned surgeries.

On Monday, the Trust confirmed that Telford's accident and emergency department would be renamed an Urgent Treatment Centre , following the changes.

It followed the leader of Telford and Wrekin Council, Shaun Davies, calling for clarity over concerns it might be called an "A&E Local".

Follow BBC West Midlands on Facebook , X and Instagram . Send your story ideas to: [email protected]

More on this story

• A&E to be renamed Urgent Treatment Centre
• Major hospital revamp plans to go ahead

Related internet links

• Shrewsbury and Telford Hospital NHS Trust

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Great British Railways’ long-term business plan must be informed by five-year funding cycles

22 May, 2024 By Rob Hakimian

Great British Railways’ (GBR) long-term business plan must be informed by short-term funding settlements because a long-term operational funding commitment “wouldn’t be realistic” according to Network Rail chiefs.

GBR is the working name for the integrated rail body (IRB) that will be created when the Rail Reform Bill becomes law. This will bring the UK’s railway infrastructure and services together under one “guiding mind” that is expected create efficiencies and smoother operating of the railway network.

The Rail Reform Bill is currently in draft and undergoing pre-legislative scrutiny by the House of Commons transport select committee, which took oral evidence from Network Rail chief executive and GBR Transition Team lead Andrew Haines and Network Rail chair Lord Peter Hendy on Wednesday 22 May.

A main topic of discussion was the business plan that the IRB will be required to produce when it is officially formed. The Bill does not stipulate any timeframes or consultations for the production of the business plan and leaves wiggle room for the IRB to change it after publication, so the interviewees were asked if this was the right approach.

Excerpt from draft Rail Reform Bill with stipulations for IRB/GBR business plan

Hendy it’s “very helpful” that the direction to create a business plan is “generalised” as this will allow the people who draw it up to interpret what it needs to contain.

“You would want to see a long-term plan [with] the budget and business plan on the short-term basis being an interpretation of that,” he added. This would have to “meet the bottom line for the railway in profit and loss terms, which is demanded by government”.

“I don’t think it’s that difficult,” he said. “For me it’s so obvious that I don’t think it needs to be said.”

According to Hendy, the level of detail in the business plan would have to be enough to tell the secretary of state and Parliament what the railway is doing.

“It would be absurd if it was so high level that you couldn’t see what individual investments were going to deliver,” he continued. “And in fact it would be good for individual investments to have more transparency than they currently do.”

He was pressed on whether there is a need for a more detailed 10 to 15 year business plan.

“I think it’s inevitable that there has to be a much longer-term plan, of which there is a near-term element that is very clear about what the railway will do in the next two, three, four, five years,” Hendy said. “You have to plan those big investments long in advance.”

Haines commented that the Department for Transport (DfT) has asked his team to develop a long-term strategic plan that looks 20 to 30 years ahead, but this does not set out funding requirements.

“I would love to say that there was a cheque from the Treasury for 10 to 15 years, but it’s not credible to think that you’re going to get that level of certainty for your operating expenditure,” he said. “Indeed, when the railways experimented with very long franchises […] they ended up with break clauses because it doesn’t suit anyone to be tied to a funding stream for 10 to 15 years, which then can’t accommodate shocks or changes.”

He added that “understanding the interplay between a long-term strategic plan and the five-year cycles of funding is something to be worked through”, but that this level of detail is not necessary to include in the Rail Reform Bill.

“But I can absolutely see that that mechanism is necessary and is going to be really important,” he continued. “The significance of that long-term funding is that railways take a long time […] so having visibility of that and understanding that you’re funded for the costs and accountable for delivering the revenue benefits is really important.”

Hendy added that the Network Rail working to five-year funding periods – known as Control Periods – has demonstrably “produced circumstances where the money is more wisely spent” and has given confidence to the supply industry.

“We can make the case for long-term investment, but equally the government will want to see some sort of short-term budgeting simply because it’s got other things to spend its money on as well,” Hendy said. “We wouldn’t expect a total commitment for long-term operational funding; it wouldn’t be realistic.”

In the following session of the transport select committee, rail minister Huw Merriman and DfT director general for rail services Alex Hynes were asked for their thoughts on the requirements for a GBR business plan and what form it might take.

Merriman said it would work similarly to the current Network Rail control periods.

“The plan is initially determined as to how the high-level output specifications – the statement of funds availability – will be operating. Then that plan is put forward,” Merriman said. “In that regard, I think it actually works rather well.”

He continued: “I think the thing I’d be keen to ensure is we don’t have a sort of lag as one five-year period ends and another one starts; we’ve heard about those before.

“It takes into account, then, the spending periods that we have which are obviously outside those windows as well. Then we’ve got the annual report on the private sector.

“But I’d expect it to be an iterative basis [and] by drawing all of track and train operations together I would expect that you’ve got the ability to be able to plan ahead for five years. Because you are bringing passenger services into that sphere as well, there’s a lot more that you can set out in advance.

“So I’m comfortable with it as it stands.”

Hynes added: “Network Rail currently undertakes a business planning process every five years in a highly consultative, transparent way, and I’m sure GBR will do exactly the same.

“The key win, of course, is the fact that it will be an integrated business plan covering track and train, which is a huge step forward to creating a more coherent railway across Britain.”

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Expedia Says CTO, Engineer Lead Exit After Violation

(Bloomberg) — Expedia Group Inc. said its chief technology officer and a senior engineering leader were fired due to “a violation of company policy,” just days after the online travel firm’s annual product and partner conference.

CTO Rathi Murthy and Sreenivas Rachamadugu, senior vice president, core services product & engineering, are no longer employed at the company, Expedia said Friday in a statement, without disclosing further details. “We’re actively searching to fill these roles and remain confident in our technology, strategy, and employees,” the company added. 

Murthy said in a statement that she had endeavored at all times to serve the best interests of the company. “I’ve conducted myself with a commitment to the highest level of integrity,” she said. “I look forward to sharing my story at the appropriate time and setting the record straight.”

The surprise move comes just days after Murthy presented at the main stage at Expedia’s annual conference with its business partners in Las Vegas, where she announced the launch of the company’s AI travel assistant. 

“Due to confidentiality, we will not be making any further comments on the matter,” Expedia said in the statement.

Murthy and Rachamadugu joined Expedia in 2021 within months of each other from Verizon Media, a former unit of Verizon Communications Inc., where Murphy had been CTO for more than a year. 

During Murthy’s time at Expedia, the company underwent a multiyear, resource-intensive back-end update, which served to unify Expedia’s two other main brands, vacation rental site Vrbo and Hotels.com, onto a single technical platform. That enabled the company to also launch a unified loyalty program across the three flagship brands.

But the technical updates have slowed its vacation rental business in particular and haven’t yet brought the anticipated recovery in overall growth, at a time when the travel industry are grappling with uneven demand.

• Expedia to lay off 208 in Seattle amid global restructuring (February)
• Expedia CEO to step down after 4 years (February)

Read More: Expedia Hits Five-Month Low After Booking Miss, Guidance Cut

It’s also the second surprise C-suite change the company has had this year. New Chief Executive Officer Ariane Gorin officially took over this week after former CEO Peter Kern announced in February he was stepping down in tandem with the completion of the technical upgrades.

Read More: Expedia Drops Most Since 2020 on Sudden CEO Change, Soft Outlook

(Corrects to include statement from Murthy in third paragraph)

More stories like this are available on bloomberg.com

©2024 Bloomberg L.P.

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Comcast Business Mobile Introduces New, Unlimited Plans

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Comcast Business today announced that it has made Comcast Business Mobile more affordable than ever with the introduction of a series of new mobile plans designed to drive greater value and performance for small business customers.

The new Comcast Business Mobile plans can save customers money on their wireless bill. Comcast Business Mobile – exclusively available to Comcast Business Internet customers – is designed for business with flexible data options including Unlimited data, and nationwide 5G coverage.

“Today’s complex, fast-paced world calls for solutions that small businesses can rely on, with the flexibility to evolve as quickly as they do,” said, Colleen McKelvey, Sr. Director of Product Management, Comcast Business. “With Comcast Business, today’s small businesses get flexible and reliable advanced connectivity solutions that work together – from the company with 99.9% network reliability alongside offering an internet backup solution, advanced WiFi, and advanced security to help protect against cyberthreats. When combined with Comcast Business Mobile, reliable connectivity goes wherever business takes them.”

Business connectivity requirements are constantly evolving, and no two businesses are alike. For that reason, Comcast Business Mobile offers unlimited data options for the evolving needs of each business. Customers have the flexibility to mix and match data options for each line. Calls, texts, and roaming within the U.S. and to and from Canada and Mexico are also included with unlimited plans at no extra charge.

With an all-in-one connectivity provider, combining Internet and Mobile, small businesses can realize greater simplicity and savings – spending less time managing vendors and more time tending to their business. We’re proud to extend these savings further with our latest Comcast Business Mobile plans.

Comcast Business Mobile customers also have access to the recently announced, WiFi Boost. As consumers increasingly want to enjoy experiences on the go, Xfinity Mobile and Comcast Business Mobile have tapped into the nation’s largest and most powerful WiFi network to deliver customers even more speed on the go.

WiFi Boost is made possible by Comcast’s fiber-based network which has been built to deliver an exceptional Internet experience, ubiquitously, to the more than 60 million homes and businesses and across more than 23 million WiFi hotspots in Comcast’s footprint. It is a culmination of years of research, technological breakthroughs, and massive investments, including more than $20 billion since 2018 alone, in development and infrastructure.

Comcast Business Mobile is available exclusively to Comcast Business Internet customers in all of Comcast Business’s service areas. To sign up for Comcast Business Mobile, visit: https://business.comcast.com/learn/mobile

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Helpful definitions and chart guidance

Introduction

• Summary of Findings
• Results and Analysis: Introduction
• Incident Classification Patterns: Introduction
• Industries: Introduction
• Small Medium Business (SMB)
• Regions: Introduction
• Corrections
• Download the full report (PDF)

Please provide the information below to view the online Verizon Data Breach Investigations Report.

You will soon receive an email with a link to confirm your access, or follow the link below.

Download this document

Hello, and welcome first-time readers! Before you get started on the 2023 Data Breach Investigations Report (DBIR), it might be a good idea to take a look at this section first. (For those of you who are familiar with the report, please feel free to jump over to the introduction.) We have been doing this report for a while now, and we appreciate that the verbiage we use can be a bit obtuse at times. We use very deliberate naming conventions, terms and definitions and spend a lot of time making sure we are consistent throughout the report. Hopefully this section will help make all of those more familiar.

VERIS Framework resources

The terms “threat actions,” “threat actors” and “varieties” will be referenced often. These are part of the Vocabulary for Event Recording and Incident Sharing (VERIS), a framework designed to allow for a consistent, unequivocal collection of security incident details. Here is how they should be interpreted:

Threat actor: Who is behind the event? This could be the external “bad guy” that launches a phishing campaign or an employee who leaves sensitive documents in their seat back pocket.

Threat action: What tactics (actions) were used to affect an asset? VERIS uses seven primary categories of threat actions: Malware, Hacking, Social, Misuse, Physical, Error and Environmental. Examples at a high level include hacking a server, installing malware or influencing human behavior through a social attack.

Variety: More specific enumerations of higher-level categories—e.g., classifying the external “bad guy” as an organized criminal group 1 or recording a hacking action as SQL injection or brute force.

Learn more here:

https://github.com/vz-risk/dbir/tree/gh-pages/2023 —includes DBIR facts, figures and figure data

https://verisframework.org —features information on the framework with examples and enumeration listings

https://github.com/vz-risk/veris —features information on the framework with examples and enumeration listings

Incident vs. breach

We talk a lot about incidents and breaches and we use the following definitions:

Incident: A security event that compromises the integrity, confidentiality or availability of an information asset.

Breach: An incident that results in the confirmed disclosure—not just potential exposure—of data to an unauthorized party. A Distributed Denial of Service (DDoS) attack, for instance, is most often an incident rather than a breach, since no data is exfiltrated. That doesn’t make it any less serious.

Industry labels

We align with the North American Industry Classification System (NAICS) standard to categorize the victim organizations in our corpus. The standard uses two- to six-digit codes to classify businesses and organizations. Our analysis is typically done at the two-digit level, and we will specify NAICS codes along with an industry label. For example, a chart with a label of Financial (52) is not indicative of 52 as a value. “52” is the NAICS code for the Financial and Insurance sector. The overall label of “Financial” is used for brevity within the figures. Detailed information on the codes and the classification system is available here:

https://www.census.gov/naics/?58967?yearbck=2012

I’m sorry, this all happened when?

While we have always listed the following facts in our Methodology section (because that is where this type of information belongs), we decided to also mention it here for the benefit of those who don’t make it that far into the report. Each year, the DBIR timeline for in-scope incidents is from November 1 of one calendar year through October 31 of the next calendar year.  Thus, the incidents described in this report took place between November 1, 2021, and October 31, 2022.  The 2022 caseload is the primary analytical focus of the 2023 report, but the entire range of data is referenced throughout, notably in trending graphs. The time between the latter date and the date of publication for this report is spent in acquiring the data from our global contributors, anonymizing and aggregating that data, analyzing the dataset and, finally, creating the graphics and writing the report. Rome wasn’t built in a day, and neither is the DBIR.

Being confident of our data

Starting in 2019 with slanted bar charts, the DBIR has tried to make the point that the only certain thing about information security is that nothing is certain. Even with all the data we have, we’ll never know anything with absolute certainty. However, instead of throwing our hands up and complaining that it is impossible to measure anything in a data-poor environment or, worse yet, just plain making stuff up, we get to work. This year, you’ll continue to see the team representing uncertainty throughout the report figures.

The examples shown in Figures 1, 2, 3 and 4 all convey the range of realities that could credibly be true. Whether it be the slant of the bar chart, the threads of the spaghetti chart, the dots of the dot plot or the color of the pictogram plot, all convey the uncertainty of our industry in their own special way.

Much like the slanted bar chart, the spaghetti chart represents the same concept: the possible values that exist within the confidence interval; however, it’s slightly more involved because we have the added element of time. The individual threads represent a sample of all possible connections between the points that exists within each observation’s confidence interval. As you can see, some of the threads are looser than others, indicating a wider confidence internal and a smaller sample size.

The slanted bar chart will be familiar to returning readers. The slant on the bar chart represents the uncertainty of that data point to a 95% confidence level (which is standard for statistical testing).

In layman’s terms, if the slanted areas of two (or more) bars overlap, you can’t really say one is bigger than the other without angering the math gods.

The dot plot is another returning champion, and the trick to understanding this chart is to remember that the dots represent organizations. If, for instance, there are 200 dots (like in Figure 3), each dot represents 0.5% of organizations. This is a much better way of understanding how something is distributed among organizations and provides considerably more information than an average or a median. We added more colors and callouts to those in an attempt to make them even more informative.

The pictogram plot, our relative newcomer, attempts to capture uncertainty in a similar way to slanted bar charts but is more suited for a single proportion.

We hope they make your journey through this complex dataset even smoother than previous years.

Credit where credit is due

Turns out folks enjoy citing the report, and we often get asked how they should go about doing it.

You are permitted to include statistics, figures and other information from the report, provided that (a) you cite the source as “Verizon 2023 Data Breach Investigations Report” and (b) content is not modified in any way. Exact quotes are permitted, but paraphrasing requires review. If you would like to provide people a copy of the report, we ask that you provide them a link to  verizon.com/dbir/  rather than the PDF.

Questions? Comments? Organizing a

Let us know! Drop us a line at [email protected] , find us on LinkedIn, tweet @VerizonBusiness with #dbir. Got a data question? Tweet @VZDBIR!

If you are interested in becoming a contributor to the annual Verizon DBIR (and we hope you are), the process is very easy and straightforward. Please email us at [email protected] .

¹ By organized criminal group, we mean a group that does this for a living and has a set process they use repeatedly, not Tony Soprano and his band of merry men.

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