Inspiring Success in Architecture for Small Firms and Sole Proprietor Architects

EA041: Top 10 Ways Architects Can Earn More Money [Podcast]

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medium_3366720659To successfully complete a project, an architect is responsible for making thousands of critical decisions. To complete the development of a standard residential additions and alterations project, it takes several months of focus and dedication. Many of us work long hours, long into the night, through weekends and holidays.

The innovative ideas and concepts we create can often only be born after hours (sometimes days) of intense thought and several dozen layers of sketch paper. The personal emotion, attachment and dedication that each project receives is unequaled in any other profession.The time and effort required to properly develop a design and complete a thorough set of construction documents is difficult for most anyone outside the profession to understand.

As a requirement for licensure, registered architects are responsible for the health, safety and welfare of every occupant in every project we design. Like any small business, architects must pay the typical operating expenses required to remain buoyant, such as utilities, professional service fees, consultants’ fees, insurances and several other overhead expenditures. But wait… for architects, there’s more. To protect us from the liabilities inherent in our responsibilities as licensed professionals, most architects also purchase an additional Professional Liability insurance policy costing several thousand dollars each year.

Then, there’s that little thing called profit.  Every business, including architecture firms (yes, its true!), must earn a profit. It’s one of the rules to “the game”. In order to continue pursuing our success as architects, we must not only cover our expenses and take home a salary, we must make enough to reinvest into the business.

Most sole proprietors and small firms I know, struggle to meet the minimum requirements of operation. Forget about profit.

Simply stated… Architects just don’t make enough money.

On this episode of The Entrepreneur Architect Podcast, I am sharing my top 10 ways architects can earn more money.

Please review this podcast on iTunes.

 Referenced in this Episode

Entrepreneur Architect Hybrid Proposal

Entrepreneur Architect Academy Mailing List

ArchitectsMarketing.com

How to Succeed in Architecture: Knowing Your Worth as Architects (Google Hangout)

The 10 Business Books Every Entrepreneur Architect Should Have In Their Library

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Every August, the kids and I pack up the Suburban and head north to a row of small houses perched along the banks of the St. Lawrence River. Arcadia Park is located at Fishers Landing, New York and one of those tiny former fishing cottages is owned … [Continue reading]

EA040: My 4 Simple Steps to Getting Things Done [Podcast]

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A little past 6AM, tunes from the local radio station wake me from a very deep slumber. Typically, I will set the alarm to 6:14, so I hear music rather than the daily bad news report. I am very serious about my “full media blackout“. I certainly … [Continue reading]

Over-Delivering on Client Expectations

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Periodically, I like to pull an older post from back in the archives and share it again on the blog. Today I am re-posting an article from March 2012, nine months before relaunching Entrepreneur Architect as my 12/12/12 Project. Under-promise. … [Continue reading]

EA039: A Virtual Round Table Discussing the Virtual Studio [Podcast]

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This week on the podcast, I invited small firm architects Lee Calisti, Jeremiah Russell, Steve May and Neal Pann to discuss the virtual studio business model. Neal was in the wilds of Canada on vacation and could not make it to the call, but Lee, … [Continue reading]

Recording Meeting Minutes Using Evernote

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I’ve been saving for a new Apple iPad Air for months. A week before leaving for the AIA National Convention in June, I pulled the trigger and ordered my newest toy with 32 MB of storage in Space Gray. It would be useful to complete my … [Continue reading]

EA038: Hardware and Electronic Equipment for Small Firm Architects [Podcast]

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In the 15 years that Annmarie and I have been practicing at our small residential architecture firm, we have seen much of our hardware come and go. We launched the firm with a single Dell workstation, a monster CRT monitor and an inexpensive … [Continue reading]

Go Clean Your Room

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It’s a phrase Annmarie and I use almost everyday. “Go clean your room!” Every parent of young children can relate. With those four words, we attempt to instill a sense of order and responsibility within our children. On most days it seems … [Continue reading]

EA037: My Answers to 11 Big Questions About Architecture (Podcast)

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Late yesterday afternoon, I received an email from my friend Bob Borson of Life of an Architect. His message was a challenge to all architect bloggers on the internet. Bob challenged us to coordinate a series of blog posts, (and this podcast episode) … [Continue reading]

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