Entrepreneur and Engineer – striking similarities : Being an entrepreneur is essentially about exploring the perfect market product. Entrepreneurship and engineering at first look like dissimilar paths without normal crossovers. However, when looking in a closer angle, you experience that entrepreneurship and engineering have many commonalities. In reality, many successful entrepreneurs and business personalities are qualified with education and training background in Engineering. Michael Bloomberg, Ratan Tata, Bill Gates, and Carlos Slim are just some of the famous entrepreneurs who all began their careers in Engineering.

Both entrepreneurs and engineers deal with high amounts of risk in their work. To be accomplished in both fields you require perseverance, commitment and hustle.

Three major convincing reasons why Engineers can be good Entrepreneurs too : Making a successful new business can be a daunting task. However, if an engineer has a few traits that will help in making the task a bit easier.

• Engineers are capable of solving problems The engineering field is replete with people who are well-trained to solve a myriad of problems. Engineers are given training to think logically and to pursue a methodology to find useful solutions. This is how the engineering industry brings value to consumers. It forms the basis of a flourishing business.

• Engineers are optimistic :Engineering courses educate students to persist with even in an adverse situation. An engineer always comes up with a positive frame of mind and will not give up until a solution is found. An entrepreneur should persevere and should continue to move ahead in the face of tough situation. An individual’s attitude and approach spell out the difference between success and failure.

  At times, a business head may fluff the public to ensure the reputation of his firm’s reputation and values remain intact. Instead of believing in the concept of mistruths, an engineer will not mince any words in telling the truth. This attitude creates confidence with consumers. This way, people with an engineering background will have a positive impact on the business environment.

• Engineers have modesty and a longing for knowledge An engineer is not scared to learn new things and gain more knowledge. This attitude results in the growth of individual as well as that of a company’s. Once a new product or service is launched into the market, it falls on the engineer to identify the best target market for the products.

  Though an entrepreneur has an engineering background still it will not come in the way of casting a positive influence on the firm.

Engineers need to do a balancing act : Being a capable engineer needs you to solve tough problems and navigate around adverse situations when they arise. There is little structure and abundant complexity that you require to navigate daily as someone who is heading a start- up. You are required to evaluate risks and challenges with wisdom, and deal with the situation accordingly.

The skills Engineers need for success :

• A good grasp of engineering principles coupled with problem-solving skills and aptitude to learn new technology will go a long way in enhancing the success rates of engineers-turned-entrepreneurs.
• STEM (Science, Technology, Engineering, and Math) skills are an absolute necessity to running a company successfully.