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Aug 14 2018

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 […]

Written by Mark R. LePage · Categorized: Business · Tagged: accounting, Architecture Fees, fees, finance, financial management, Project Fee Budgeting, Project Management

May 08 2018

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 […]

Written by Mark R. LePage · Categorized: Business · Tagged: accounting, bookkeeping, business basics, financial management, Financial Management for Architects, financial terms

Feb 13 2018

How Project Accounting Will Transform Your Architecture Firm

Take the Time to Examine Project Financials—You Won’t Regret It Your projects have many moving parts, and sometimes tracking their financials might seem overwhelming. You might not get all the information you want or maybe, you don’t even bother to determine the profitability of each project because it would involve too much time. It’s completely […]

Written by Mark R. LePage · Categorized: Business · Tagged: accounting, cloud-based software, financial management, project accounting, Project Management, software

Nov 21 2016

Financial Management for Architects

This is a guest post written by Steve L. Wintner, AIA, Emeritus, an architecture management consultant and co-author of the book, Financial Management for Design Professionals: The Path to Profitability. To learn more about Steve, his firm Management Consulting Services or to dive deeper into the subject that Steve is sharing with us here at EntreArchitect, visit his website […]

Written by Mark R. LePage · Categorized: Business · Tagged: accounting, financial management, financial reports, Profit, profit planning

Apr 20 2015

7 Key Financial Performance Indicators for a Successful Architecture Firm

This is a guest post written by Steve L. Wintner, AIA, Emeritus, an architecture management consultant and co-author of the book, Financial Management for Design Professionals: The Path to Profitability. To learn more about Steve, his firm Management Consulting Services or to dive deeper into the subject that Steve is sharing with us here at EntreArchitect™, visit his website […]

Written by Mark R. LePage · Categorized: Business · Tagged: accounting, finances, key financial performance indicators, kfpi, Profit

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