Project Fee Budgeting for Architects Sadly, there’s no way for an architect to guarantee their projects will be profitable, let alone earn a minimum 20% Net Profit at the completion of any project. There are however ‘best practices’ to apply to ensure that a project is profitable and to even successfully earn a minimum Net […]
How to Build Sustainable Recruitment Strategies for Small Firm Success
Recruitment Strategies for Small Firm Architects Recruiting new employees is one of the most important things a professional services firm can do to be sustainable. A solid recruitment strategy not only reduces employee turnover and minimizes cost, it also builds the firm’s reputation as one that actively invests in building sustainable futures for its employees […]
Three Financial Basics
Every
Entrepreneur Architect
MUST Understand
Financial Management Terminology for Architects For many design professionals the subject of Financial Management is complex and can become problematic if the terminology used in the discussion or writing of this subject are not precise. For clarity, the term, Financial Management, refers to the accrual-basis accounting process of a professional design firm. Accrual-basis accounting is […]
The Power of
The Profit First Architect
We Would Do It for Free If We Could We architects have deeply rooted positive passion for what we do. As artists we love to manipulate form and space in order to impact the lives of others. We are thrilled every time we walk through one of our structures. Our fuel is the excitement and […]
My 5 Rules for Developing Contract Documents for Small Firm Architects
It may be the most critical step in the entire process of acquiring a new architecture client. We may have perfected our marketing, developed a strong reputation, executed a flawless sales process and have received our prospective client’s eager authorization to proceed with a new project. We may have done everything right and find ourselves […]
Toward A New Architectural Business Model
So you call yourself an Architect too? So many people call themselves architects: the software developer, the campaign manager, the author, the enterprise strategist – so on and so forth. But can we as architects call ourselves doctors, managers or authors? The title just doesn’t seem fitting. So why is it that so many can […]
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