Remove Estimating Remove Professional Services Remove Small Firm
article thumbnail

How to Make More Money as a Small Firm Architect

EntreArchitect

Like any small business, architects must pay the typical operating expenses required to remain buoyant, such as utilities, professional service fees, consultants’ fees, insurances and several other overhead expenditures. Most sole proprietors and small firms I know, struggle to meet the minimum requirements of operation.

article thumbnail

10 Ways An Architect Can Make More Money

EntreArchitect

Like any small business, architects must pay the typical operating expenses required to remain buoyant, such as utilities, professional service fees, consultants’ fees, insurances and several other overhead expenditures. Most sole practitioners and small firms I know struggle to meet the minimum requirements of operation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Developing a Time Management Discipline

EntreArchitect

To support my assertion that the Timesheet is one of the most important financial resources of every professional service/design firm, we only have to consider the components of a firm’s accrual-basis, Profit/Loss Statement (P-L), which includes a section defined as, ‘Total Direct Labor (Salary) (TDL)’.

article thumbnail

10 Ways Architects Can Make More Money

EntreArchitect

Like any small business, architects must pay the typical operating expenses required to remain buoyant, such as utilities, professional service fees, consultants’ fees, insurances and several other overhead expenditures. Most sole proprietors and small firms I know, struggle to meet the minimum requirements of operation.

article thumbnail

Almost 40 Tips for Starting an Architecture Firm

EntreArchitect

This is probably how most people will start their practice, which is helpful in validating whether or not it’ll be possible to maintain, profit, and grow your firm. Once you acquire more clients and your income/risks grow, you can transition your business into a professional service corporation (PC).