Foundations of a Profitable Practice
This webinar is part of the RAIC 2024 Conference on Architecture, now available to stream!
Topics: The Practice and Business of Architecture
Length: 1 hour | What's Included: Video, Quiz, and Certificate of Completion
A. The 3 types of financial Management tools to understand.
B. Project Profitability: Get the fee right, Track Costs, Scope Creep
C. Manage Cash Flow: Invoice Early, Chase Payment, Working Capital
D. Win the right Jobs: Pipeline Management, Forecast Income, Plan resources
By the completion of this session, participants will be able to:
- Recognize the Fundamentals of Financial Tools (Corporate accounting, Project Accounting, Forecasting & Budgeting)
- Learn key actions that result in Profitable Projects
- Identify the 3 things to help you manage Cash Flow
- Know what to do to win the right type of work for your practice
Subject Matter Expert:
Simon Berry
Bsc Eng, CEng, MIET, MBA
Founder, Fresh Projects
An AEC professional, who did an MBA to escape the industry due to low pay. Realised he loved the built environment and decided wanted to do something about improving the financial health of our sector. After a stint as Commercial Director at WSP, started Fresh Projects - a software tool that helps Architects and Engineers manage budgets, fees, billing, time & expenses. Unique insight into what makes a project financially successful via the Fresh Projects' database of income, time and expenses on 150 000 projects.
Pricing A-La-Carte