By Kimberly Burgraff, Director of Studio Services Bookkeeping (A Division of Charrette Venture Group) I’ve sorted through a lot of messy books in the 17 years that I’ve been in the accounting industry. It’s completely understandable that non-bookkeepers struggle with accounting best practices. How would an architect know that supplies purchased for a project shouldn’t […]
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 […]
Financial Investing for Your Future (Transcript)
This is the transcript from EntreArchitect Podcast Episode 227, Financial Investing for Your Future. Listen to this podcast episode or download the audio file here. ***Start Transcript*** Mark R. LePage: Do you know if your firm is profitable? Do you know how much profit you’re actually making? Do you? Do you know how much profit […]
A Financial Management System 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 […]
How To Build a Successful Architecture Firm With No Debt
For the first four years, Fivecat Studio could be found at a basement studio in our little cottage in the woods of Chappaqua, New York. The space was just large enough for one Dell workstation, a couple of bookshelves, a desk chair, a telephone, five cats and me. Each morning I would eat breakfast, kiss […]
Why Architects Are NOT Properly Prepared to Own and Operate an Architecture Firm
This is an op-ed 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 and his firm Management Consulting Services, visit his website at ManagementConsultingServices.com. The primary intention of this article is to provoke a response rebuking […]