Deepak, starting & running a successful business is a significant endeavor. It will require you to commit your efforts to a multitude of areas of focus, some that you may already be familiar with but others that you will need to learn as you go. I speak from experience: I started a small engineering division within a company that I was working for and successfully ran it for 5+ years. I literally started it from scratch: Just an idea that I floated past our company's president that he fully supported. Looking back, it was an extremely rewarding experience, but, it certainly came with sacrifices along the way. Running a business is not a 9-5 endeavor; it takes long days & nights of hard work, stress, an occasional night of lost sleep, and a seemingly endless stream of paperwork, but, if you love what you do, all the effort is worth it.
My humble advice: Every great leader needs a plan. Spend some time this weekend charting a course, and not just thinking about it, but actually writing it down. Have a plan & a strategy for every initial step that you will need to take: Clients, projects, proposals, business licensing & financing, equipment & software needs - These will all be significant areas that you need to have a strategy for. As the leader, it will be your job to assemble all of these pieces into a functional operation so that you can confidently sign a contract with a client and deliver on your end of the promise. It sounds daunting, and it is daunting, but it is also extremely rewarding.
If you can find the book
Starting a New Design Firm, or Risking It All!: Stasiowski, Frank A.: 9780471585763: Amazon.com: Books , this was my go-to #1 reference when I started putting my business plan together. Assuming you are considering starting an engineering or professional services company, it is a fantastic resource, one that I can't recommend enough.
Keep the membership posted on your journey - I'm sure there are other members with similar aspirations who might be able to learn from your experiences - Cheers!!
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