The 2007-2010 Great Recession was brutal to all industries especially the architecture. I had only been working for about 2 years when my colleagues started to get laid off. It was brutal. In this chapter I share stories from those very depressing days.Read More
Architects are their own worst enemy.
There are challenging clients as well as shifty contractors. There are forensic architects and attorneys looking for ways to sue architects.
There are many obstacles in the business world of architecture but by far the #1 threat is architects themselves. We do it to ourselves. These four business blunders hinder architects from creating successful businesses.Read More
When an owner invests in the construction of a building this is likely the largest expenditure they will ever make. An architect must be empathetic to this situation and their client's budget. These are extremely large sums of money and there is a lot of risk involved.
Although every project is different, you will likely encounter these 5 budget challenges on each project.Read More
The two most common fee structures between an Architect and Owner are a lump sum agreement and an hourly agreement. In this section I describe each agreement, provide examples and analyze the pro and cons.Read More
The most common complaint I hear from architects is that architecture school did not teach them enough about the business of architecture. Although most students take a professional practice course in architecture school, most will begin their careers knowing very little about business.
In this chapter I will talk about:
• Lump Sum Fee vs Hourly Fee (The Architecture Firm’s Money)
• The Client’s Budget (The Client’s Money)
• 4 Business Mistakes Architects Should Avoid