Why Architects Miss Their Profitability Targets For all professional design firms there are two different, yet interrelated levels of profitability – a firm’s overall profitability and the profitability of each completed project. Historically, the profitability of professional design firms is, on average, in the range of 8-12%. While many firms achieve profitability exceeding 12%, the majority struggle to achieve their targeted profitability on every project, every year. In spite of the … [Read more...]
Developing a Time Management Discipline
This week I am very happy to share 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 Entrepreneur Architect, visit his website at ManagementConsultingServices.com. Steve presents to us a relatively simple step … [Read more...]