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I’m always amazed how architects spend more time perfecting the designs of their projects and learning things such as sustainable design practices but don’t put much effort into making their own firms sustainable. Why do you need to understand the business side of architecture? It’s hard enough to be able to create architecture, why burden yourself with all this business stuff that just seems to get in the way of design? You provide design services, the end result of which is hopefully a timeless piece of architecture. So let’s get to work and get you on the right track to understanding your firm’s finances.īut wait. Sure, you can design – like nobody’s business – but do you truly understand the difference between income and revenue? How about a credit and debit? Do you know what an overhead factor is and why it’s so critical? Do you know what your minimum billing rate is? Did you ever sit down and map out your firm’s operating budget?Ĭhances are the answer to all these questions is no.
#How much does an architect make how to#
It’s not your fault that after all the years of education and training you endured to become an architect when you don’t know the first thing about how to run a business. What separates the great-struggling designers from the great-successful designers isn’t luck. And while the world is filled with lots of bad designers, it’s also full of lots of really great designers.
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I hate to state the obvious, but for most architects, design is the fun and easy part. If you are as good an architect as you think, you’ll be successful and it won’t be because of your design skills. Providing great architectural services and running a financially successful firm are not mutually exclusive.