I need some assistance with these assignment. starting a new engineering company Thank you in advance for the help!

I need some assistance with these assignment. starting a new engineering company Thank you in advance for the help! Dan Berube, a member of BeruGold Research Corporation which is an engineering contracting business specializing in electronic warfare and intelligence applications, states, "I got tired of living by other people's rules…There was no opportunity for any creativity by working for a big corporation” (qtd. in Vonderheid). Though it is a very challenging and risky task to start a firm of one’s own, still it is all worth it when the productivity and the outcome are considered. Starting one’s own firm or business is always very rewarding at the end. "The worst-case scenario is that I go back to working for someone else," states Erin Mace who is a member and co-founder of Savant Engineering which is a design firm that specializes in commercial buildings in the United States (qtd. in Vonderheid).

First of all, the entrepreneur or an engineer who is starting a firm for the first time should have a clear idea in his mind about whether the firm will be able to meet the demands of the market. The engineer should focus strongly upon the basic functionalities of the firm.

The engineer should decide, prior to opening the firm, about the specialty the firm will be going to offer. For example, he should decide beforehand if the firm will hire a workforce belonging to different specializations or belonging to one specialized field. For instance, if an engineer is going to open up a civil engineering firm, he should decide if he is going to work with civil engineers only or with engineers with various specializations. He should know that if he hires a mix of chemical, electrical and mechanical engineers, this is going to benefit him more as he would be able to compete in the market more efficiently.

He should decide which technologies he will implement to facilitate his problem-solving and development and successful completion of projects. He should decide that he will incorporate the latest technology-based tools so as to increase his productivity.