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TECC 206: The Truth About Engineering Partnership: The Good, The Bad, and The Potentially Ugly

July 9, 2019 By EMI

http://media.blubrry.com/engineeringcareercoach/p/traffic.libsyn.com/engineeringcareercoach/TECC206.mp3

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Engineering PartnershipIn this episode, I talk with Peter C. Atherton, P.E. who is the author of “Reversing Burnout: How to Immediately Engage Top Talent and Grow! A Blueprint for Professionals and Business Owners”, and the creator of the I.M.P.A.C.T. process. We talk about the truth behind engineering partnership or ownership: the good, the bad, and the potentially ugly.

Engineering Quotes:


Here Are Some of the Key Points Discussed About Engineering Partnership:

  • Most engineers would like to become managers, partners or owners at a firm and tend to think about all of the good things that go along with that, but they don’t always think about the bad, or potentially ugly things.
  • Being in a leadership position allows you to be innovative and to make a bigger impact on projects, employees and communities. It also provides financial rewards and can help you to move industries forward.
  • Sometimes we really don’t understand what it takes to be successful in business.
  • When given the opportunity to buy into a firm, the risk associated with it is that you are truly buying in and putting your own money on the line. This could require you to take out a loan which is a huge financial risk you will have to take.
  • Being the owner of a company puts you at risk when there is a claim/lawsuit against the company. If you have to recapitalize a company for any reason, the partners in the firm would have to pay for it. These are things you have to think about and plan for ahead of time.
  • There is also a risk of losing value when you buy into a company due to factors influencing the growth and value of a company over the next upcoming years.
  • What makes us successful as engineers is not solely what’s going to bring us success as leaders or as partners. We need to be really tuned in with who we are, and grow daily in our profession.
  • Leadership is no longer just about business strategy and execution. It’s about building a culture and having innovation, diversity and sustainability in the organization.
  • The beauty in the engineering industry is in the details and getting things done right.

More in This Episode…

In the Take Action Today segment of the show, we will leave you with some final actionable thoughts about engineering partnerships.

Engineering Partnership

About Peter C. Atherton, P.E.

Pete is an AEC industry insider that has spent more than 24 years as a successful professional civil engineer, principal, major owner, and member of the board of directors for a high-achieving firm. Pete is now the President and Founder of ActionsProve, LLC. He works with AEC firms and leaders to grow and advance their success through strategic planning implementation, executive coaching, performance-based employee engagement, and corporate impact design. Connect with him on LinkedIn or through his website www.ActionsProve.com

“Treat employees like partners, and they act like partners.” – Fred Allen

Resources and Links Mentioned in This Session Include:

Engineering Management Accelerator Workshop (Online) | 5 PDHs
Engineering Management Institute Professional Membership
Upcoming EMI Webinar
ActionsProve, LLC
Peter Atherton’s LinkedIn

If you are interested in taking our FREE CMAP Diagnostic Case Study, please email Betty at >> betty@engineeringmanagementinstitute.org

Books Mentioned in this Episode:

Reversing Burnout: How to Immediately Engage Top Talent and Grow!

What is an engineering partnership all about?

We would love to hear any questions you might have or stories you might share on some of the key points you’ve learned within as an owner in an engineering firm.

Please leave your comments, feedback or questions in the section below.

  • If you enjoyed this post, please consider downloading our free list of 33 Productivity Routines of Top Engineering Executives. Click the button below to download.

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To your success,

Anthony Fasano, PE, LEED AP
Engineering Management Institute
Author of Engineer Your Own Success

Related Posts

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  • TECC 004: The Engineering Career Coach Podcast – Creating Opportunities in Your Engineering Career
  • TECC 64: Engineering Leadership with Pat Sweet – The Engineering Career Coach Podcast
  • TECC 002: The Engineering Career Coach Podcast – Getting on the Path to Your Dream Engineering Job

Filed Under: Business/Entrepreneurship, TECC Podcast-The Engineering Career Coach Podcast Tagged With: benefits to business ownerships, bigger impact on projects, building a culture, Engineering Partnership, entrepreneurs, financial rewards, I.M.P.A.C.T. process, Innovative, leadership position, loan, owner of a company, Peter C. Atherton, Reversing Burnout, risk, successful as an engineer, successful in business, The Bad, The Good, value

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