Engineering Management Institute

UPCOMING TRAINING

Business/Entrepreneurship

Achieving Business Success as an Early Stage Entrepreneur

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Achieving Business Success as an Early Stage Entrepreneur is a blog post by Carol Evenson

Achieving Business SuccessFollowing the unprecedented increase in the number of people turning to entrepreneurship, there’s no denying that owning a business is unusually appealing. It’s easy to understand what creates this feeling. Everyone wants some measure of freedom to be able to make their own independent decisions and run their own show, however, do you know a large number of small businesses close every day? To avoid failure, you must mitigate the potential for failure. Below you’ll find five tips that can help you to start your own business and achieve business success.

Achieving Business Success

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5 Recommendations for How to Become a Successful Engineering Manager for Young Engineers with No Managerial Experience

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Through providing career-coaching services to engineers, I know that the most common problem that developing engineers are trying to solve is how to become a successful engineering manager.  After spending the early part of their engineering career becoming confident in their technical skills, many engineers are ready to take the steps required to become an engineering manager.  The problem is that there are no specific steps to become a successful engineering manager; the path is different for everyone.

If you could develop a drink, that when an engineer drank it, they would instantly become a successful engineering manager, I am convinced that it would make you a millionaire.

Want to Be a Successful Engineering Manager but Don’t Know Where to Start?

Download our Free Top Ten Recommendations (and Resources) on How to Become a Successful Engineering Manager

Since I haven’t developed that drink (yet), instead I would like to offer five recommendations from my hundreds of hours coaching both successful and unsuccessful engineering managers.  I am pretty sure this will be a multiple part post as I have more than 5 recommendations, but these are the first 5 that come to mind.
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Engineering Econ 201 – Understanding Business

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Engineers by-and-large have a bad rap when it comes to understanding business.  That is, the art of using engineering skills to create value for others, and themselves.  If you’re like I am, your first introduction to “business management” was the engineering economics course you took during your undergraduate program.  In retrospect, that course did nothing to prepare me for (a) managing resources or (b) understanding business finances.   In fact, twenty-plus years later, I can’t really recall what I learned in that course (perhaps cost estimating?)  To overcome what I viewed as a gap in my understanding of the world of business, I gained an MBA.  This was useful for the mechanics and terminology of business, however, it prepared me to be a good mid-level manager.  It didn’t prepare me to be an entrepreneurial business owner, the next step in my evolution.

So, what’s the answer?  How does one prepare themselves to be an entrepreneurial-engineer business owner?  Both good questions and both questions which I’m answering as I go forward.  This said, here’s the what I’ve discovered: [Read more…] about Engineering Econ 201 – Understanding Business