| Description |
1 online resource |
| Series |
Creative business essentials |
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Creative business essentials
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| Contents |
Cover; Title; Copyright; CONTENTS; FOREWORD; SERIES EDITORS' FOREWORD; ABOUT THE SERIES EDITORS; ABOUT THE AUTHOR; ACKNOWLEDGEMENTS; INTRODUCTION; 1. SETTING UP IN PRACTICE; CHOOSING THE RIGHT FORM OF BUSINESS FOR YOU; SOLE TRADER AND PARTNERSHIP; LIMITED LIABILITY PARTNERSHIP; LIMITED COMPANY; THE FUNDAMENTA LS OF FINANCIAL MANAGEMENT; CONTROL OF WORKING CAPITAL; MULTILEVEL MANAGEMENT; RAISING FINANCE; SUMMARY; 2. THE FIRM FOUNDATIONS; BASIC BOOK-KEEPING; MONTHLY PROFIT REPORTING; KEY PERFORMANCE INDICATORS; LIQUIDITY KPIS; SUMMARY; 3. PLANING THE FINANCIAL HEALTH OF THE PRACTICE |
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DEVELOPING A STRATEGIC PLANTHE ANUAL BUDGET; ZERO-BASED BUDGETS; IDENTIFYING THE KEY LIMITING FACTOR; THE BUDGET-SETING PROCESS; CONTROLLING THE BUDGET; CAPITAL EXPENDITURE BUDGETS; BUDGETS FOR THE SOLE PRACTITIONER OR SMALL PRACTICE; SUMMARY; 4. PROJECT REPORTING AND CONTROL; THE CALCULATION OF COST; SUMMARY; 5. FEE PROPOSALS -- SETTING A REALISTIC FEE; TRADITIONAL APPROACHES TO SETTING FEES; PERCENTAGE FEES; LUMP SUM FEES; TIME CHARGES; 'PERCENTAGE CEILING' FEES; UNIT PRICE FEES AND FEES FOR REPETITION; LICENCE FEES; EXPENSES; FEE ADJUSTMENTS AND CHANGES |
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REVISION TO BRIEF OR CLIENT'S INSTRUCTIONSACCELERATION; OMISION OF WORK IN THE ORIGINAL BRIEF OR COST OF CONSTRUCTION; CLIENT VARIATIONS DURING THE CONSTRUCTION PERIOD; RESEARCH INTO ADDITIONAL FACILITIES; SUMMARY; 6. FORECASTING FUTURE FEES; FUTURE POSIBLE FES; A COMBINED FEE FORECAST; THE RESOURCES FORECAST; SUMMARY; 7. CASH FLOW MANAGEMENT; CASH INFLOWS; ACCOUNTING FOR VAT; CASH OUTFLOWS; ACCOUNTING FOR TAXATION; SUMMARY; 8. CREDIT CONTROL; LATE PAYMENT; THE AGED DEBTOR REPORT; THE 'DROP-THROUGH' AND THE 'MULTIPLIER EFECT' OF BAD DEBT; RESOLVING PROBLEMS WITH FEES; MEDIATION; ADJUDICATION |
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ARBITRATIONLITIGATION; SUMMARY; 9. BRINGING IT ALL TOGETHER -- REPORTING AT PRACTICE LEVEL; TURNOVER ANALYSIS; BENCHMARKING; SUMMARY; 10. LEAVING THE PRACTICE -- EXIT STRATEGIES; WHAT ARE YOU LOOKING FOR WHEN YOU LEAVE?; CLOSING THE PRACTICE; TRADE SALE; PASSING THE PRACTICE ON TO THE NEXT GENERATION; SUMMARY; 11. CONCLUSION; WHAT CAN POSIBLY GO WRONG?; FAILURE TO USE STANDARD AGREEMENTS; FAILING TO INVOICE FOR WORK ON A REGULAR BASIS; FAILING TO COLLECT THE AMOUNTS THAT ARE DUE; NOT ASKING FOR ADDITIONAL FEES WHEN THE BRIEF IS CHANGED; NOT ASKING FOR ADDITIONAL FEES WHEN EXTRA WORK IS ADDED |
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FAILING TO MONITOR PROJECT COSTS AND CONTRIBUTIONLOW HIT RATE ON COMPETITIVE TENDERS; POOR ESTIMATION AND FEE NEGOTIATION; FAILURE TO MANAGE THE DESIGN TEAM; HOW HAS THE FINANCIAL LANDSCAPE CHANGED IN ARCHITECTURE SINCE 2008?; ADDING VALUE; GLOSSARY: DEFINITIONS; APPENDIX: USEFUL WEBSITES; INDEX |
| Summary |
Most newly qualified architects have scant knowledge about the practicalities of running a practice and in particular the challenges of managing the financial side of the business. This book highlights the major financial risks and how these can be avoided. The chapters give straightforward advice and practical solutions based on the author's years of hard-won experience. Friendly, clear and concise, it will give you all the knowledge and tools you need to plan for business success. Based on the original Good Practice Guide, this updated and re-designed version is now even more comprehensive and contains detailed information on fees, as well as real life anecdotal advice from practitioners, updated references, and is in line with the latest legislation. This is invaluable reading for sole and small practitioners of architecture and other creative industries |
| Notes |
Brian Pinder-Ayres is a qualified accountant with nearly 30 years' experience, having worked as the FD for architects YRM and Shepheard Epstein Hunter for the last 15. He has worked closely with a number of architect firms of all sizes over the years. He is also a Part 3 lecturer, author and CPD speaker |
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Print version record |
| Subject |
Architectural firms -- Management
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Architectural firms -- Finance
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ARCHITECTURE -- General.
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ARCHITECTURE -- Professional Practice.
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Architectural firms -- Finance
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Architectural firms -- Management
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| Form |
Electronic book
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| ISBN |
9781000700282 |
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1000700283 |
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9780429346576 |
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0429346573 |
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9781000701500 |
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1000701506 |
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9781000700893 |
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1000700895 |
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