How to run a successful practice – Part 11
Thursday 25th September, 2014 | 8am-9.30am
There’s nothing in an architects’ training that teaches entrepreneurism or even the basics of establishing the right company structure and how to negotiate fees. This lack of confidence about running a business is the most common barrier that stops architects setting up on their own, and also the reason that so many struggle when they do.
In this second session on how to run a successful practice we look at company structure, what is the right model for you and what happens when you want to change it, liability and why good legal advice on contracts will avoid you being exploited by clients and finally fees. Whether fees are reported to be rising or falling, for many architects how to negotiate a decent fee is a constant source of concern, particularly as there is no guidance from RIBA.
An expert in his field, Michael was the Financial Director at Grimshaw for 17 years , helping to steer the practice through a period of growth from 50 staff in London to a firm of over 320 staff with thriving offices in London, New York, Sydney, Melbourne and Doha.
During this time, he has taken a leading role in re-organising the business systems and corporate structure of Grimshaw, putting in place and maintaining effective yet flexible financial systems.