Architecture & Engineering Business Strategies

Not every architect should start their own practice. It comes down to how you want to spend your time. If you want to spend most of your time being an architect, don’t start a practice. Starting a practice requires you to spend time on business processes, marketing, sales, and most of all, thinking about money. From setting fees to planning for the future, there are many financial decisions you’ll have to make right from the start. In this Best Practice episode, Marilyn Moedinger, founder of Runcible Studios, shares her expertise on the money side of starting your own practice.

Show Notes

Not every architect should start their own practice. It comes down to how you want to spend your time. If you want to spend most of your time being an architect, don’t start a practice. Starting a practice requires you to spend time on business processes, marketing, sales, and most of all, thinking about money. From setting fees to planning for the future, there are many financial decisions you’ll have to make right from the start. In this Best Practice episode, Marilyn Moedinger, founder of Runcible Studios, shares her expertise on the money side of starting your own practice.

Interview Takeaways
  • Determine whether you should start a practice
  • Don’t lead with a sales pitch
  • Crowdsource information
  • Account for non-billable hours
  • Change to project fees
  • Show them what they’re getting
  • Pull the levers of efficiency and price raises
  • Experiment in the first 5 years
  • Keep a cash reserve
  • Talk money right away
Show Links

What is Architecture & Engineering Business Strategies?

Welcome to A/E Business Strategies — a podcast hosted by Monograph about architecture and engineering leaders who run great firms. Monograph is a project management software built exclusively for A/E. Over 1,000 firms use Monograph to get clarity into their budgets, projects, time, and clients so their entire team can make smarter decisions. Get started today at Monograph.com