Mark:
Congrats on the epiphany that working for yourself is the best way to go.
A couple of things I did wrong:
1. I quit too soon from my paying job.
2. I didn't quit soon enough from my paying job.
Starting a company takes some time. You need to register a name, get a tax number, register the company at the PE board, get professional liability insurance. In Texas, you cannot start advertising or marketing until you do all that. I suggest that you start this stuff as soon as possible. It takes about 60 days in Texas to get all this done. Do not talk to potential clients until all this is in place. I lost two potential clients at the start because I was not ready. After you have all this in place, tell the employer.
If you are questioning whether you should or should not leave a job, you probably should. I stayed about a year too long at the corporate engineering office before I took the plunge. I spent every vacation trying to figure it out, and therefore ruined them, as I hashed things out again and again with my wife. My problem was I liked the people with whom I worked.
You can start small, and grow slowly. My company has grown over a 4 year period from one employee looking for work to one employee, looking to find ways to have other people work, and 3 very busy contract employees. Contract employees are great because they only get paid when they work. Of course, you pay them more per hour because they need to purchase their own benefits.
If you can, get benefits from your spouse. Benefits are very expensive until you have been in business for 3 years. The exception to that is disability insurance, and life insurance. Replace what you had at the previous job at a minimum. Disability will be expensive, and limited in the first couple of years. Get good term life or variable term life. Variable term increases the payment every year. Term life has the same payment for the whole term so it started out more expensive, but stays level. I got some of both, thinking I would probably drop the variable at some point when I had enough full-time employees to warrant benefits.
Professional Liability is expensive, but you will probably be able to find a payment plan. Note, it increases in price every year as you have more projects behind you.
Join groups that need engineers that do stormwater. I think builders and engineering organizations will help. ASCE has helped me. Greater Houston Builders Association will help too.
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Dwayne Culp, Ph.D., P.E., P.Eng, M.ASCE
Culp Engineering, LLC
Richmond TX
(713)898-1977
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Original Message:
Sent: 06-04-2018 19:24
From: Mark Westover
Subject: Starting design business help
I am interested in starting my own civil engineering design business. I would like to do stormwater work (permit, SWPPP, reports etc.) and site development. I only want to do small residential projects for now. I would like help with the following:
Resource material recommendations for starting up a small residential design business.
"Words of Wisdom" from experienced designers-owners of what to watch out for and pay special attention too.
Thank you for any help.
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Mark Westover P.E., M.ASCE
Belfair WA
(360)373-5677
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