If work load is adequate but you aren’t making a profit, the cause is easy to find.
I got the opportunity to design some school buildings right out of college. They were fairly large projects taking six months to a year for the design phases. There was lots of time to recover from missteps. After a couple of these I got an admin building for a small school district. By comparison this was a three-bedroom house in scale. Before I had a handle on what the project would entail, I started focusing on the entrance and how I wanted that to work. After a day or two, the question came. "What the hell are you doing?" I explained about the importance (to me) of the entrance. "Do you even know if this is going to be 1-story or two? Does it fit the site?"
Most small firm architects are unhappy with their bookkeeping application. This is an evaluation of what is available.
Determining your Billing Overhead Factor [BOF] can be an eye-opening exercise.
I learned this technique from Paige Highfill, an architect, who was teaching other architects how computers can be used in architecture even before CAD came along. When I tried out the calculation, I was shocked to find that we were losing $15 per hour on every hour we billed! I suggest that you avoid that situation.
If you don’t document your time daily, is it timekeeping or something else?
The benefits of this Seven Step Process of Schematic Design
Getting more than intended from software.
Estimating design fees is part science and part art … OK …
it’s math and guessing.
The purposeful way to develop a niche from nothing is to publish.
This is one of the chapters in my e-book, Trello-PM. I want to give you a glimpse at what it is like to get set up with Trello™. See what you think...
Fundamentals - How an Architectural Firm Works
Basements sound like a really good value -
residential, yes; commercial, no.
The Financial Model of an Architect’s Office is a well-kept secret. I have never seen it mentioned anywhere. But there are several things that need to be in balance to get positive financial results. The resources available from the AIA are only useful if you already have an MBA-like understanding of finances.
A Financial Model entails more than “Income minus Expenses should be a positive number.” Negative numbers equal poison. You can’t survive much poison.
I have to mention Page Highfill here. He is the architect who told me about the
financial model that architects need to know about.
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