I have always found that one of the key parts of getting a grip on the firm's finances is to have a good idea where the money goes. You might not need all the line items in the budget template here, we didn't; but it is helpful to start with all the possibilities and narrow things down from there.
Maybe you have a blog or want to start one. Maybe your firm wants to start a blog or get more consistent with the one they have. Maybe you aren't interested in what goes on behind the scenes. Well, I'm going to tell you anyway.
The basic process is straightforward:
Have you ever screwed up?
I do all the time. Luckily, the vast majority of my screw ups are small and don't affect anyone else.
When you make a mistake as an architect, the ramifications can get alarming very quickly.
Big Picture Advice For Success
I received the best advice of my career, two years after retiring.
That's when I finally got around to investigating the E-Myth. I was cleaning up old TO-DO lists, and got intrigued. What I learned is what 'working ON your firm' rather than 'working IN your firm' means in a practical sense. The Bottom Line: Develop your firm as though you plan to franchise it - even if you have no intention of doing that. If you don't make your firm into a 'franchise', then you and your firm are the same entity - and the firm only has value while you are part of it. If building a franchise is off-putting, you might think of the strategy as documenting your business knowledge, your methodology, your "How we do things around here". Besides the economic advantage of building a replicate-able business that you can eventually sell, there are three other main advantages.
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