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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.

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Financial Resources

  • 1.  Financial Resources

    Posted 09-30-2019 22:08
    For the last six years I've been mentoring a young architect (we were at lunch when he received notice of his first job!), and in the course of our conversations the topic of finances has come up. I can share with him my experiences, but I don't have any recommendations on what he might read or web sites he might visit. I was lucky enough to go into business with someone who already had 27 years of management under their belt. They were great to learn from, but it’s put me in a tough spot in trying to recommend resources.

    Can anyone recommend some good resources they've used that I can refer to him?

    ------------------------------
    Larry Paschall AIA
    CEO/Top Dog
    Spotted Dog Architecture
    Dallas TX
    ------------------------------
    Open: Call for applications deadline November 6. Learn more and apply to join the PMKC leadership!


  • 2.  RE: Financial Resources

    Posted 10-01-2019 17:28
    Hi, Larry,
    When you say, "the topic of finances," are you talking about the business side of professional practice, or personal finances?

    With regard to the professional practice side, I highly recommend "The Business of Design" by Keith Granet. (It's available in print and ebook options.) Keith lays out all of the basics for architectural and interior design businesses.

    In addition, Deltek produces webinars on the functional areas of management, using statistics from their annual A/E Clarity Report. They are available on the Deltek website.

    I hope this helps.

    Beset,
    Marjanne Pearson

    ------------------------------
    Marjanne Pearson, Chief
    Talentstar.com
    San Francisco CA
    ------------------------------

    Open: Call for applications deadline November 6. Learn more and apply to join the PMKC leadership!


  • 3.  RE: Financial Resources

    Posted 10-01-2019 17:31
    PSMJ has some good resources and offer seminars on specific topics, their project management seminar was very helpful to me many years ago.

    Bob Filippi, AIA
    (352) 284-9662



    Open: Call for applications deadline November 6. Learn more and apply to join the PMKC leadership!


  • 4.  RE: Financial Resources

    Posted 10-01-2019 17:31
    Finance background for architects;

    Glad this question came up. Happen to have done my Finance MBA and worked in that world before becoming an Architect. Have taught such classes for Universities. 

    Question; considering offering a condensed (maybe a 3-day) MBA for Architects. Would you be interested?

    John

    John Hrivnak, Architect,
    ArCH, AIA, MBA, NCARB, LEED AP
    Hrivnak Associates, Ltd.    .     
    john@hrivnakassociates.com

    Chicago 630.770.5900
    Omaha 402.577.0220

    Note 1: If you need to reach me immediately, please text me at 630-770-5900.  I check e-mail less frequently.
    Note 2: Most of my business comes from happy clients and consultants like you.  Please recommend me to others; I appreciate it. 
    The information contained in this e-mail is intended only for the individual or entity to whom it is addressed and should not be opened, read or utilized by any other party. This message shall not be construed as official project information or as direction except as expressly provided in the contract document. Its contents (including any attachments) may contain confidential and/or privileged information. If you are not an intended recipient you must not use, disclose, disseminate, copy or print its contents. If you received this e-mail in error, please notify the sender by reply e-mail and delete and destroy the message.




    Open: Call for applications deadline November 6. Learn more and apply to join the PMKC leadership!


  • 5.  RE: Financial Resources

    Posted 10-01-2019 17:55
    Managing the Professional Service Firm, by David Maister.



    Open: Call for applications deadline November 6. Learn more and apply to join the PMKC leadership!


  • 6.  RE: Financial Resources

    Posted 10-01-2019 18:17
    I hope this response doesn't come through as a shameless plug, however, our national organization, SDA (Society for Design Administration) serves the A/E industry and can help your team learn the critical operational roles to help make your firm successful (think Finance, Human Resources, business operations, etc.). Our members are the operations experts in their firms and are very knowledgeable about all of these areas and then some. You can learn more about SDA here.  There is a local SDA chapter in Dallas that offers monthly programs, and our national headquarters offers many webinars in these areas as well including our fall virtual conference and our spring in-person conference.

    I would be happy to share more information with you at any time. Feel free to reach out to me directly any time if I can be of any assistance.

    ------------------------------
    Stephanie Kirschner, CDFA
    SDA National Headquarters
    admin@sdanational.org
    ------------------------------

    Open: Call for applications deadline November 6. Learn more and apply to join the PMKC leadership!


  • 7.  RE: Financial Resources

    Posted 10-01-2019 21:21
    I'd like to support Stephanie Kirschner's recommendation regarding SDA. The CFO for one of our client firms - Vicki Marcellino of Withee Malcolm in LA - is an active member. IMHO she's one of the best CFOs in the A/E industry.

    SDA was founded more than 60 years ago, and it came under the wing of AIA, as an affiliated organization, in 1978.

    Best,
    M.

    ------------------------------
    Marjanne Pearson
    Talentstar, Inc.
    Petaluma CA
    ------------------------------

    Open: Call for applications deadline November 6. Learn more and apply to join the PMKC leadership!


  • 8.  RE: Financial Resources

    Posted 10-01-2019 18:36

    A good place to start is The Architect's Handbook of Professional Practice 15 Edition.  Another good resource is PSMJ. 

    . . . . . . . . .

    Michael Hein, AIA, PMP

    KAI Enterprises
    Chief Operating Officer, Chief Integration Officer

    KAI Logo

    D 314.754.6387  |   M 618.560.4756  |   O 314.241.8188

    kai-db.com
     




    Open: Call for applications deadline November 6. Learn more and apply to join the PMKC leadership!


  • 9.  RE: Financial Resources

    Posted 10-02-2019 16:03
    Larry and all,

    AIA Trust has a lot of great information for architects in all stages of career and practice. I suggest your young colleague start there. In fact, most of us would likely find something beneficial on their site. 



    Alissa Rupp, FAIA, NCARB, LEED AP BD+C
    Seattle WA | M 206.234.7217




    Open: Call for applications deadline November 6. Learn more and apply to join the PMKC leadership!