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The Seven Most Common Bookkeeping Mistakes Made by Small Firm Architects

EntreArchitect

How would an architect know that supplies purchased for a project shouldn’t fall under regular office expenses? Most importantly, how would an architect understand the business impact that an amazingly organized set of books can have, compared to a set of books that work “just fine”? You wouldn’t.

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

EntreArchitect

The IRS Research and Development (R&D) tax credit is a valuable opportunity for practicing architects to potentially save money on their taxes. By understanding how this tax credit works and how to qualify, architects can potentially save thousands of dollars on their tax liability.

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Almost 40 Tips for Starting an Architecture Firm

EntreArchitect

This article was written by architect Timothy Ung of JourneyofanArchitect.com. Almost 40 tips for Starting an Architecture Firm. So I purchased several inspiring books written by life coaches, architects, and business professionals. Here’s a summary of each of each of their advice: Advice from 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. And, during my time at Cal Berkeley, I worked full-time for a couple of local architects and engineers.

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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. “They didn’t want us to know about the business because they felt they would be training their future competition,” said one architect.

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How To Build a Successful Architecture Firm With No Debt

EntreArchitect

This past week on the podcast, I spoke with another pair of architects about how succeed as a married couple in architecture. From that original small studio, we built our reputation for highly detailed residential architecture and our “personal touch” customer service. Separate responsibilities. Separate offices.

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7 Key Financial Performance Indicators for a Successful Architecture Firm

EntreArchitect

To learn more about Steve, his firm Management Consulting Services or to dive deeper into the subject that Steve is sharing with us here at EntreArchitect , visit his website at ManagementConsultingServices.com. I am often asked, “How might I make my small firm more financially successful?”