Practice Management Member Conversations

 View Only

Community HTML

Clouds

Quick Links

Who we are

The Practice Management Knowledge Community (PMKC) identifies and develops information on the business of architecture for use by the profession to maintain and improve the quality of the professional and business environment.  The PMKC initiates programs, provides content and serves as a resource to other knowledge communities, and acts as experts on AIA Institute programs and policies that pertain to a wide variety of business practices and trends.

    

  • 1.  info

    Posted 10-09-2017 06:15 PM

    Donald: My partner and I started our frim decades ago with just the two of us, all self-funded. We had no clients at first and rented an inexpensive space in an historic building. We grew gradually, adding a person or two a year. When our staff reached about 25, we bought an historic church and renovated it, converting into our office. To do this we borrowed money from a local bank. We continued to grow, eventually reaching 75 employees, and bought a larger building, this time through an LLC consisting of the three senior-most partners. We borrowed for the building and its renovation and furnishings and then established a line of credit with the bank to purchase such things as an updated server and computers, etc. We always generated enough income to pay off the loans in a timely manner. I suppose we could have taken out an SBA business start-up loan or relied on some similar local program, but we didn't. From what I know of the other firms in our area (Salt Lake City, Utah) they got themselves going in the same way.

     

    Allen D. Roberts, FAIA

     

    Allen Roberts
    Senior Principal
     

    image001.jpg@01C98874.D22454B0

     

    CRSA

     

    Architecture Planning Design

     

    649 East South Temple
    Salt Lake City, Utah 84102
    801-746-6806 Direct
    801-635-6918 Mobile
    801-355-5915 Main Ext. 106
    801-355-9885 Fax

    www.crsa-us.com
    allen@crsa-us.com