If you are thinking about or planning to start your own practice, what should you be thinking about? Starting your own practice requires a clear strategy and vision to grow a sustainable business — while planning for the unexpected.
Business Coverage / Professional Liability Articles
Calendar now two upcoming, free webinars available to you as AIA members, offered by Victor O. Schinnerer & Co, Inc. to help you better manage your risks.
The AIA Trust presented three sessions at the recent AIA Conference on Architecture 2019 in Las Vegas. But even if you weren’t able to make it to these sessions about starting a firm, running a virtual practice, and ownership transition, you can still benefit from them.
“Democracy is messy, and it’s hard” said Robert Kennedy, Jr. about the political landscape. Current trends in the built environment may doubly merit that observation. In a democracy where everyone has a vote and a say on a wide variety of issues, decision-making can get complicated. In a very similar way, technology is democratizing how […]
At the AIA Conference on Architecture 2019, Las Vegas, June 6-8, 2019, AIA members will have the opportunity to strategize their own future with three AIA Trust sessions about starting a firm, running a virtual practice, and ownership transition. Plus, the AIA Trust on the Expo floor is offering a wide range of can’t-miss free […]
When running a firm, you need a business continuity plan to ensure orderly leadership transition in case one or more key people leave, no matter the reason. Leaders, whether owners or managers, may leave because of retirement, death, a disagreement over strategy, or a job opportunity at another firm. Planning is crucial — and an […]
While the conventional wisdom around blockchain is that it’s a technology only affecting financial markets, design and construction stakeholders ought to pay attention to new developments, too. If you don’t, you risk falling behind on an important trend that potentially presents a competitive challenge for your firm.
With increasing frequency, architects and other design professionals are being asked (and in some cases, even required) to sign agreements in which they undertake to indemnify their clients against any loss that the clients may suffer in connection with projects for which the design professionals have provided services. In some cases, the indemnification clause is […]
Small firms are the most vulnerable to crises, disasters, and lawsuits. In fact, according to the US Chamber Institute for Legal Reform, more than 40 percent of small businesses were either involved in or threatened with a lawsuit due to A) administrative oversights or errors, B) undelivered services or C) poor quality of service, much […]
Today is an invigorating time to pursue best practices as they evolve to face challenges in the design professions. Architects in firms of all sizes are being inundated with ever expanding information and technologies to consider. How does one stay informed, engaged, and focused at the leading edge of best practices?