In essence, readers discover “step-by-step” how to start & manage an “outstanding” Forensic Engineering Practice and exactly how to gain a reputation as an expert in their specialty.
This is both a handbook for new experts and a constant reference manual for seasoned professionals.
The book is divided into “five parts”: Preparation; Planning; Implementation; Managing; and Cashing Out.
• Selecting an engineering college. Make sure that it has the right accreditation to allow you take the Professional Engineering license exam. (ABET-EAC accredited)
• Take the FE exam. In your senior year at college, while the fundamentals of engineering are still fresh in your mind.
• Gain experience. A minimum of four (4) years of “certifiable” experience in engineering work is required for a PE license. Work in a forensic engineering/expert witness practice would be best. However, this could be postponed until after you have a license.
• Join engineering societies. Become an officer; make contacts; gain credentials; and build a reputation.
• Recognize opportunities. Buying an existing practice; starting upon another expert’s retirement; becoming a partner in an existing firm; or hanging out your shingle.
• Consider ownership options. Carefully consider the pros & cons of being on your own verses having partners.
• Choose Specialties. Choosing between being a “single-discipline” or “multi-discipline” firm.
• Prepare a Business Plan. Learn how to write a “Business Plan” including how to estimate expenses & income for both start-up and your first year.
• Apply for a Business Loan. Discover the secrets to getting approved for a Business Loan
• Pre Start-up “Check List”. Once you have made the GO decision, find out the initial steps to take & things to avoid.
• Start-up “Check List”. Discover how to actually start your practice step-by-step.
• Acquiring service. Learn how to select the right Attorney & CPA and obtain the insurance coverage needed.
• Marketing. Discover the marketing materials & methods that will keep your firm busy.
• Expert. Learn the secret of gaining a reputation as an “expert” by publishing technical articles.
• Fees. Learn how to craft your Forensic Fee Agreement and learn how to get paid in advance by “retainer”.
CASHING OUT includes:
• Selling your firm. Learn how to sell your practice for the maximum profit and retire comfortably.
TABLE OF CONTENTS
PART 1 – PREPARATION
Chapter 1 – BECOMING A PROFESIONAL ENGINEER
Chapter 2 – PREPARING FOR YOUR OWN FIRM
PART 2 – PLANNING
Chapter 3 – START-UP OPTIONS & SPACE PLANNING
Chapter 4 – FINANCIAL FORECASTING
Chapter 5 – FINANCIAL ANALYSIS
Chapter 6 – BUSINESS PLAN
PART 3 – IMPLEMENTATION
Chapter 7 – CASTING OFF
PART 4 – MANAGING YOUR FIRM
Chapter 8 – LEGAL, ACCOUNTING & INSURANCE
Chapter 9 – MARKETING MATERIALS
Chapter 10 – MARKETING METHODS
Chapter 11 – FEE PROPOSALS
Chapter 12 – OPERATIONS MANUAL
Chapter 13 – HUMAN RESOURCES
PART 5 – CASHING OUT
Chapter 14 – SELLING YOUR PRACTICE
7″ x 10″ (17.78 x 25.4 cm)
Black & White Bleed on White paper