"Successful practices have launched in earlier recessions, and will do so in this one. It is wise, however, to be armed with as much knowledge as possible", concludes BD's most recent research paper "How to Start a Practice... and Keep it Running". The document, containing advice on every aspect of setting up a practice, from naming it to chasing late payments, aims to provide just that knowledge.
Read more about 'How to Start a Practice' (including how to get a 50% discount) after the break...
Throughout, the findings of 'How to Start a Practice' are supported by experts, and not just architects - legal, financial and PR experts who work with architects also give their advice. There are numerous case studies that outline the lessons learned in the early days of new and established practices. The document also contains a useful template for a business plan (presumably because 62% of architecture practices currently don't have one).
Perhaps the most helpful aspect of 'How to Start a Practice' is the fact that, whilst informative and thoroughly researched, it does not provide a rigid description of the best way to run a practice - leaving plenty of space to explore what you want out of your practice. Most architects who want their own practice long for the freedom and autonomy it will provide, and the document aims to nurture this instinct rather than crush it.
ArchDaily readers can get 50% off of the cost of "How to Start a Practice... and Keep it Running" by following this link, or entering the code SAVE50A at the checkout.