EntreArchitect // Small Firm Entrepreneur Architects

Business training and resources for small firm entrepreneur architects.

The Seven Most Common Bookkeeping Mistakes Made by Small Firm Architects

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 […]

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 […]

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 […]