DOs and DO NOTs for Civil Engineering Startups – entrepreneurship | Explore Engineering

DOs and DO NOTs for Civil Engineering Startups – entrepreneurship | Explore Engineering


[Music] there are certain things which make all the difference between a successful venture and the phase thousands of civil engineering startups are established every year some succeed and others do not [Music] first the dos 1. create a good business plan this is very crucial formulate a sound strategy and vision statement basically be clear as to why your business is different and what you can do differently from others this sector is very important a startup needs to have a unique selling proposition to ensure that their clients are driven to the startup correct mistakes quickly even experiment a maximum timeframe of two years to work an experiment is a failure if it has been continuing for the past two years and is still not working be strong enough to overcome any hitches that you may encounter during the initial process of establishing your startup and getting it renowned find the right people it is very important to partner up with people that complement your skills however avoid getting too many people on board as it might become tough to find common vision ensure that the people you partner with to share your values and your vision be flexible Be flexible constantly test your ideas in the market and seek feedback when the feedback indicates that changes need to be made to the origin hypothesis have the courage to modify the original hypothesis without compromising on the fundamental vision meet everyone you hire this may sound outlandish but do make the effort to meet everyone you plan to hire for your company outsourcing hiring is a big mistake interact with premier educational institutions make it a point to interact with them and work jointly with their faculty members use IT to the greatest extent possible sectors like IT are evolving very fast use as much of them as you can make sure that you are up to date with the latest developments in information technology and that you are using it to the greatest extent possible in your enterprise be creative be creative in your approach and constantly focus on solving the problems of your clients by innovative approaches out-of-the-box thinking is crucial Be research driven be absolutely up to date with the latest in civil engineering research so that you can offer the best solution possible to your clients do a lot of civil engineering research yourself learn about the competition know who to from finish are that you are trying to beat and what are the strengths and weaknesses you know your enemy is the mantra given by Sun Tzu in the new immortal art of war if the set is the only constant of victory in any battle understand that change is the only constant not everything will go as you want and it is important that you realize that sometimes we may have those solve problems that are not of our own creation [Music] now they don’t not tech technology lightly it is one of the greatest mistakes to ignore information technology even the risk of being outdated do not under let commitment as a trait so physically for the initial set of hires commitment and resilience suppose it does rank very higher up on the scale denticles alone taking with you through the bumpy part and not jumping ship at the first sign of trouble is an essential quality of a team member do not ignore open source software use them to the greatest extent possible and it can save you a lot of money too before investing in a proprietary software see if an open-source alternative is available do not ignore marketing strong marketing is one of the essential requirement of an enterprise reach out to clients and enterprise that has a lot to offer can lose out to another having a lesser portfolio if the first enterprise fails to market itself properly marketing strategy is a commonly ignored aspect do not think that you are unique if you have merely one or two points peripheral in nature different from your competitors you need to have a significant number of major points different from your competitors in order that you may spend up thank you Subcribe

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