Business Fundamentals
- How Businesses Make Money - Revenue models, profit margins, business models in energy sector
- Financial Statements Basics - P&L, balance sheet, cash flow - what they mean and why they matter
- How Companies Are Organized - Organizational structures, reporting lines, decision-making hierarchies
- Business Strategy and Planning - How companies set direction, allocate resources, prioritize initiatives
- Marketing and Sales Fundamentals - How companies find customers, what sales processes look like
- The Role of Different Departments - What HR, Finance, Legal, Operations actually do and why it matters to you
Business of Engineering Services
- How Consulting Firms Make Money - Billable hours, utilization rates, multipliers, project profitability
- How ESCOs Make Money - Performance contracting, shared savings, guaranteed savings models
- How Utilities Make Money - Rate structures, regulatory frameworks, why they fund efficiency programs
- How Manufacturers Make Money - Product margins, distribution channels, why they need engineers
- Understanding Your Employer’s Business Model - Applying the concepts to wherever you work
- Competitive Positioning
Sales and Business Development (For Engineers)
- The Sales Process - How opportunities are identified, qualified, pursued, and closed
- Writing Proposals - RFP response, scope development, pricing, win themes
- Client Relationship Management - Building trust, managing expectations, handling difficult conversations
- Networking Effectively - Professional organizations (like AEE!), conferences, LinkedIn, relationship building
- Personal Brand and Reputation - How your professional reputation is built and maintained
Contracts and Legal Basics
- Contract Fundamentals - What contracts are, key terms, how they protect (or expose) you
- Types of Engineering Contracts - Fixed-fee, time-and-materials, performance-based, design-build
- Scope Management - What’s in scope vs. out of scope, change orders, scope creep
- Professional Liability - Errors and omissions, what you’re responsible for, insurance
- Intellectual Property Basics - Who owns the work you create, proprietary information, NDAs
Project Economics and Financial Analysis
- Life Cycle Cost Analysis - NPV, IRR, payback period, how to evaluate investments
- Understanding Utility Rate Structures - Demand charges, time-of-use rates, how bills actually work
- Energy Project Financing - Loans, leases, ESPCs, on-bill financing, power purchase agreements
- Incentive Programs and Their Economics - How rebates work, tax credits, grant programs
- Making the Business Case - How to justify projects to decision-makers in financial terms
Business Communication and Politics
- Understanding Stakeholders - Who has interests in your work and how to navigate them
- Speaking the Language of Business - Translating technical work into business impact
- Navigating Office Politics - Informal power structures, building alliances, managing conflicts
- Meeting Management - Running effective meetings, participating productively, following up
- Email and Professional Communication - Writing clearly, managing expectations, documentation
Starting Your Own Business
See Also