4 Things Engineers Should Have In Mind Before Starting A Side Business

If you want to start a side business, then make sure you take note of these tips

Many engineers, especially millennial engineers nowadays are slowly taking interest in building their own side businesses. It may be because they want to have extra money on the side, maybe they want to pursue a different passion other than engineering, or there could be other reasons. No matter what the reason is, to build your own business while working as an engineer means you’ll be dividing your time and will have to take a lot of work. Here are four things you should know before launching your first small business.

Source: Aras

Have Confidence

There will always be that little voice at the back of your head that will tell you that you can’t do it. Never underestimate the power of self-confidence. Remember, when it comes to decision making, you are your own coach, so it’s important that you encourage yourself. Drown that little voice of discouragement with the voice of your self-confidence. You can do it and you have the power to do so.

It won’t take as long as you think.

There will be people who will say that it will take at least three to five years for you to achieve a profit when running a small business. This may be true a long time ago, but nowadays–with the power of technology, social media marketing, and training, it isn’t really an absolute truth anymore. It is possible to achieve big profits without putting everything on the line within the first year. It’s evident in many startups we see today. Don’t be discouraged by people who say you won’t get anything anytime soon. We’re engineers remember? We make the most unexpected things happen, the way we want them to happen. *wink*

Concentrate on your key milestones.

Read more  Things Employers Are Tired of Seeing in Engineers’ Resumes

Take note of the direction you are taking. Create realistic goals and track your progress, do this also with the problems you encounter. This way you’ll know where you are headed, and how to solve the problems you’re encountering along the way. Be ambitious with your goals but make sure they are SMART (Specific, Measurable, Achievable, Realistic, Time bound). Push yourselves to greater heights.

It’s never wrong to get help

Everyone needs some help too, especially in business. You can ask help from a family member, a friend, or anyone who can give you some good business advice, or can help you out with connections, suppliers, etc. Look for help from those who are more successful than you. Humble yourselves and don’t assume you know it all because you don’t. You may think it will be easier to want to keep control and do everything yourself, but you’re wrong. You’ll be burned out real soon, and your progress will be much slower.

Be open-minded and leave your ego.

It’s never wrong to listen to what other people have to say, there’s nothing wrong with listening and learning at the same time. If there is something we engineers are good at, we can analyze a whole lot of information simultaneously. So listen to what others have to say and analyze what would be the smartest thing to do. Books, online forums, blogs, and social media can aid you with crowdsourcing information. Use this as a guide when you are still mapping out the direction you are about to take. Once you create a firm direction, just do it!


Read more  Tricks For Engineers Who Have Difficulty In Focusing

Article Sources:


What's Your Reaction?
Badass Badass
Genius Genius
Inspire Inspire
Love Love
Fail Fail
Angry Angry
Cielo Santos
Engineer. Writer. Artist. Gamer. Musician. She dreams of building a time machine and help kittens take over the world. Is secretly the pink power ranger in real life.

Comments 0

Your email address will not be published. Required fields are marked *

4 Things Engineers Should Have In Mind Before Starting A Side Business

log in

Don't have an account?
sign up

reset password

Back to
log in

sign up

Back to
log in
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format