Finance for Architects
18th October 2018 @ 6:30 pm - 8:30 pm
One event on 18th October 2018 at 6:30pm
During periods of uncertain demand or rapid growth, maintaining a healthy cash flow and turning a profit can be particularly challenging. Managing finances is a crucial component of running a successful architectural practice, yet it is a much misunderstood and over looked area of business.
Participants of this practical and interactive workshop will get a better understanding of their financial accounts and tips on how to instil the disciplines and measures to increase practice profitability.
Workshop Part 1: Knowing Your Numbers
- Demystifying your business accounts: the profit & loss account, the balance sheet, the difference between profit and cash.
- Making investment decisions: understanding return on investment and how to create financial scenarios.
Workshop Part 2: Managing Your Numbers
- Operational finance: best practice examples on how to manage financial performance
- Building a commercial mindset: leadership behaviours and tips to increase profits and improve cash flow.
- This event has passed.