For years architects have been looking for ways to justify their fees and hourly rates to their clients. It may just be that this “justification” posture is the obstacle to achieving their goal of higher fees and enhanced profitability. Instead, more energy could be expended in improving our communication skills, especially our listening skills. We […]
How To Retain Top Talent For Your Architecture Firm
This is the second in a three-part series on recruiting, retaining, and coaching new talent. It outlines how firm leaders can build cultures that top performers choose to stay in. To read Part 1, click here: How To Build Sustainable Recruitment Strategies for Small Firm Success. Top 5 Things To Remember About Retaining New Talent Firm […]
How To Budget Your Architecture Project Fee
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 […]
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