Profit by Design
Learning Objectives:
- Define key financial concepts and summarize the significance of income statements, balance sheets and cash flow statements.
- Identify the importance of strategic budgeting and forecasting in financial planning.
- Manage project costs effectively through regular monitoring, efficient resource allocation and technology.
- Create strategies to enhance your firm’s cash flow through billing and collections best practices while maintaining cash reserves.
- Leverage technology for automated financial processes to improve client relationships while ensuring timely payments and financial stability.
Credits:
This engaging, bootcamp-style webinar is designed to enhance the financial acumen of architecture executives and professionals, offering foundational knowledge and practical strategies to empower your financial management skills. During the session, you will learn how to interpret crucial financial statements, harness technology for efficient financial management, and master the art of budgeting and forecasting. Additionally, you will gain insights into project cost management and optimizing profitability, while also discovering strategies for improving cash flow management through client relationships and automation. As an attendee, you will have access to interactive polls and valuable downloadable resources to accelerate your financial mastery with your team far beyond the 60 minutes we will spend together. Don't miss this invaluable opportunity to equip yourself with the knowledge and tools needed to drive your architecture firm towards sustainable growth and success!
Image courtesy of BQE Software
Steven Burns, FAIA is a distinguished thought leader. Steve blends his passion for design and firm management with profound insights into emerging technologies. Over the past 2 decades, working directly with over 1,400 firm owners, Steve has significantly contributed to reshaping these businesses for enhanced growth and sustainability. Steve's career highlights include a 7-year tenure at SOM Chicago, founding BBA Architects in 1993 and growing it to 17 architects before its 2007 sale, and creating ArchiOffice, a groundbreaking project management software company acquired by BQE Software in 2010. Recognized for his significant impact on the profession, in 2009 Steve was elevated to the College of Fellows of the American Institute of Architects. Currently, as Founder of The Well-Designed Firm, he focuses on leading AE firms to operational excellence, mentoring leaders to craft businesses as elegant and innovative as the architecture they create. |