2022
The pandemic restrictions may be over but unfortunately that is not the end of business disruption in the architectural industry for you and your business.
Your supply is largely dependant on new builds and significant renovations, in most cases.
We have come off a year where new builds hit record highs which I can only hope meant that you’ve been both productive and profitable.
The reality may be different in your case given that a sizable chunk of those new builds were generated from the governments “HomeBuilder” program and that the volume builders benefited more than the small to medium builder which therefore likely limited your opportunities.
What happens now given that these incentives are no longer available?
There appears to be a number of unknowns right now, such as:
What happens to the industry as the stimulus wears off?
What happens to the industry as the stimulus wears off?
What affect will higher property prices have?
If interest rates increase, what will that do to the market?
Will the international border opening help?
Given these unknowns, what do you do?
The reality is that these issues are outside of your control but nonetheless still affect you and your industry.
You can control what happens next…
Your focus should squarely be on the things you can control. That is where you will benefit.
The things you can control are the type of work you want to do, who you want to do it for and how you want to do it.
It may sound simplistic but it is at the heart of what you want and should do everything in your power to achieve it.
As important is the need to plan / budget / forecast your numbers so you know what is ahead or at the very least have an idea based on your pipeline, your network, your history and your knowledge.
Of course, you would likely expect an Accountant to suggest this and I’m glad I did not let you down, but… I say this not because I am an Accountant, but because I am a business advisor that has worked hard to support many Architects over the last 20 plus years.
Without fail, those that closely manage their financial position are better off. We advise all our clients to automate their systems and accounting operations to enable seamless and accurate data and planning
Accurate and timely numbers do not lie and they will tell you everything you need to know – good and bad so you can make informed business decisions as you need to.
Once you get on top of this part of your business, you will begin to achieve the maximum financial benefit that your business allows.
Don’t waste the hard work you put in.
Don’t operate on gut feel
Don’t ignore the numbers
- Please reach out for a ‘no obligation’ chat to find out how we can systemise your business for 2022 and beyond.
Our renowned coaching programs will allow you to:
- Work fewer hours — and make more money
- Attract and retain quality, high-paying customers
- Manage your time so you’ll get more done in less time
- Hone sharp leadership skills to manage your team
- Cut expenses without sacrificing quality
- Automate your business, so you can leave for days, weeks, or even months at a time
