Architecture Firm Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Architecture Firm Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start an Architecture Firm business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready!
- Complete Industry Research
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PDF Format
- Meets SBA Requirements
Among real estate developers and wealthy individuals, there is a constant and continue demand for competent architectural services. People, especially wealthy people that can afford the services in any economic climate, continue to want custom-built homes and they are willing to pay a significant fee for doing so. Additionally, real estate developers that focus on both residential as well as commercial properties always need to have someone that is licensed as an architect to complete the drawings needed to develop the property. Generally, and architects fee is equal to roughly 5% to 7% of the total real estate development project. As such, these substantial fees allow architects who are in private practice to operate their businesses profitably at all times. The barriers to entry for a new architectural firm are extremely high given the underlying licensure and educational requirements in order to operate these businesses within the letter of the law. The startup cost for an architecture for firm are considered to be minimal given that most people simply need an office and a small amount of furniture, fixtures, and equipment. Generally, a new architectural firm can launch their operations with as little as $15,000 or much as $100,000. This depends heavily on the market in which the architect is operating within, the amount of staff that will have at the onset of operations, and their underlying expenses.
As with any new venture, a business plan should be developed specific for an architectural firm. This document should include a profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, as well as a business ratios page that showcases the important characteristics of the business. Most financial institutions will provide a working capital line of credit to an architect who is looking to establish their own practice. Generally, this line of credit is secured not only by the individuals personal credit but also any tangible assets that they may own including real estate as well as personal vehicles. It is important that you work with a CPA in order to showcase to a bank all of your personal assets as well as the business plan so they can properly make a lending decision.
Of utmost importance to launching a new architectural firm, it is important to have a very well-developed marketing plan. This is primarily due to the fact that the individual architect is showcasing their ability to provide a drawing that clearly matches the vision of the client. As such, it is extremely important to have an online presence that showcases the portfolio of previous work completed by the architect that is launching this business. Additionally, it is very important to have ongoing relationships with residential property developers, commercial property Realty developers, engineers, and other trades people that will be using architectural drawings as part of their ongoing work. Many architects that developed her own practice do so because they have already developed an extensive number of contacts within this industry.
Frequently, a SWOT analysis will be completed as part of the business planning process. Pertaining to strengths, architectural firms are relatively insulated from competitive issues given that there are not very many licensed architects within the United States. Additionally, the gross margins generated by these services is extremely high. Weaknesses include the fact that a substantial hit to the housing market can have a very deleterious effect on the revenues of a architectural firm provided that they work specifically with real estate developers and not wealthy people that are looking to develop properties on for themselves. For opportunities, many architectural firms hire a number of associates that render the services the general public. As such, a firm can profit substantially by being able to maximize their billable hours through the hiring of employees. Relating to threats, there are no threats at this time that would impact the way that an architectural firm would conduct business outside of any negative economic changes.