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Runcible Studios: How To Start Your Own Practice (w/ Marilyn Moedinger)

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Content provided by Monograph. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Monograph or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Not every architect should start their own practice. It comes down to how you want to spend your time. If you want to spend most of your time being an architect, don’t start a practice. Starting a practice requires you to spend time on business processes, marketing, sales, and most of all, thinking about money. From setting fees to planning for the future, there are many financial decisions you’ll have to make right from the start. In this Best Practice episode, Marilyn Moedinger, founder of Runcible Studios, shares her expertise on the money side of starting your own practice.

Interview Takeaways

  • Determine whether you should start a practice
  • Don’t lead with a sales pitch
  • Crowdsource information
  • Account for non-billable hours
  • Change to project fees
  • Show them what they’re getting
  • Pull the levers of efficiency and price raises
  • Experiment in the first 5 years
  • Keep a cash reserve
  • Talk money right away

Show Links

  continue reading

85 episodes

Artwork
iconShare
 
Manage episode 323993110 series 2932240
Content provided by Monograph. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Monograph or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Not every architect should start their own practice. It comes down to how you want to spend your time. If you want to spend most of your time being an architect, don’t start a practice. Starting a practice requires you to spend time on business processes, marketing, sales, and most of all, thinking about money. From setting fees to planning for the future, there are many financial decisions you’ll have to make right from the start. In this Best Practice episode, Marilyn Moedinger, founder of Runcible Studios, shares her expertise on the money side of starting your own practice.

Interview Takeaways

  • Determine whether you should start a practice
  • Don’t lead with a sales pitch
  • Crowdsource information
  • Account for non-billable hours
  • Change to project fees
  • Show them what they’re getting
  • Pull the levers of efficiency and price raises
  • Experiment in the first 5 years
  • Keep a cash reserve
  • Talk money right away

Show Links

  continue reading

85 episodes

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