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Well managed firm finances can be a raise to glory but if you fail at keeping them under control they quickly turn into a silent assassin. Why? Because, since as architects we don’t get much business education in school one of the common downfalls prove to be mismanaged finances.
Post-corona, the AEC industry is facing an unprecedented demand for architecture services. Therefore if there was ever a time to say that slow-paying clients are not acceptable, it is now.
What strategies do you need to consider for financial profitability? How to diversify your efforts to ensure a stable flow of income and firm growth? What tools do you need to manage your finances in the right way? What are the key most important things to think about as a business owner from a strategy and development perspective? How to price your projects accordingly?
