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How to Sell an Architecture Firm: Build for Growth, Plan for Exit

EntreArchitect

In a recent episode of the EntreArchitect Podcast, I sat down with Brad Farris of Anchor Advisors to talk about exactly that: what it takes to grow and sell a successful architecture firm. That means training leaders early, developing business skillsnot just design skillsand planning financing options like phantom equity.

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Does Your Architecture Firm Qualify for the IRS R&D Tax Credit?

EntreArchitect

The post Does Your Architecture Firm Qualify for the IRS R&D Tax Credit? appeared first on EntreArchitect // Small Firm Entrepreneur Architects. For additional reading, our friends over at Monograph have a comprehensive article about the R&D Tax Credit for your reference as well.

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The Seven Most Common Bookkeeping Mistakes Made by Small Firm Architects

EntreArchitect

And you probably wouldn’t know that a bookkeeper who specializes in small architecture firms can also help with invoicing, setting up time tracking software to align with fee proposals, project budget summaries that show hours spent vs. available fee, cash flow summaries – and, of course, the basic financial statements, payables, and receivables.

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Building a Culture of Transparency at Your Architecture Firm

EntreArchitect

Some design firms have a culture of secrecy. Few people outside of the partners know anything about the finances, the vision or the ways in which the business is run. Contact the CVG team any time to discuss your firm and learn how a CVG partnership might work for you. How Much Should We Share With Our Employees?

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Almost 40 Tips for Starting an Architecture Firm

EntreArchitect

Almost 40 tips for Starting an Architecture Firm. After obtaining my license as an Architect in New York, I brainstormed several long term goals and decided to start a personal blog, develop design projects, and learn everything that I could about starting an architecture firm. Keep track of your finances.

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Developing a Powerful Profit Plan for Your Architecture Firm

EntreArchitect

Still one of the most popular posts on the blog; in this 3-part article Steven walks us through the step-by-step process of developing a powerful Profit Plan for our architecture firm. Financial Management for the Small Architectural Firm: The Prologue. – Mark. It’s quite the contrary. You’re an architect.

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Why Architects Are NOT Properly Prepared to Own and Operate an Architecture Firm

EntreArchitect

By the time I got around to starting my formal architectural education, I had already completed four years of employment as an intern with several architectural firms in New York and Los Angeles. Being the managing partner of a 9-person firm required skills I had never learned in my studies at Cal.