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You don’t need to be a financial wizard to ensure the future success of your design firm! An accessible guide to financial management, Financial Management for Design Professionals is written for design firm principals who are responsible for their firm’s finances but have little or no financial management education or experience. For mid-career design professionals looking to advance their careers, the book is an indispensable reference and training guide. Using a simple, step-by-step format, this book shows design professionals how to:
· Develop an annual budget and profit plan· Calculate the overhead rate for a firm· Calculate the break-even rate and hourly billing rate for each employee · Establish project fees· Use readily available financial information in successful negotiation· Design and interpret financial reports· Plus: clear explanations of the fundamentals of financial management!
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Steve L. Wintner, AIA, is an architect and founding principal of Management Consulting Services, a consultancy specializing in design firm management. A registered architect since 1968, he is also a contributing author to several books on financial management.
Michael Tardif, Assoc. AIA, Hon. SDA, is a freelance writer and editor with extensive experience as a project architect and manager, design technology consultant to architectural/engineering firms, and director of educational programs and publications for design professionals. He is a contributing editor of The Architect’s Handbook of Professional Practice, 13th Edition (American Institute of Architects), and is a lifetime honorary member of the Society of Design Administration.
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