You will prepare and submit a term paper on Starting and Engineering Consultancy Business. Your paper should be a minimum of 1750 words in length. Before being able to successfully launch a new engineering consultancy business, it is important to understand the skills necessary to have a successful business model. Engineering is a highly-technological field, therefore certain technical and administrative skills will be necessary to support the new idea. To launch a successful consultant business, “you don’t need to know absolutely everything. The notion that you would even be able to know everything when it comes to technology is very unrealistic” (docstoc.com, 2008, p.1). What this basically means is that the new owner of the business must identify what specific skills will be necessary to make the business operate successfully and consider recruitment efforts to find qualified staff or technical expertise to assist in the business. As part of early strategy planning, identifying qualified workers, managers or partners will require a skills analysis.