Understanding blockchain technology and potential use cases and applications that could impact architects is the topic that Yvonne Castillo Esq, Vice President & Director of Risk Management for Victor and Adam Wilbrecht, AIA, Principal and Chief Knowledge Officer with Cuningham Architects in Minneapolis recently discussed in this webinar. The webinar included an overview of the…
Read MoreTopic: Firm management
Closing the Gap
When you determine how much income you’ll need in retirement, you may base your projection on the lifestyle that you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your retirement income won’t meet your needs. So what do you do then? If you…
Read MoreVideoconferencing Can Raise Professional Liability Exposures
Design firms have changed their practice management procedures because of pandemic-related restrictions placed on office settings, travel, and in-person meetings with clients, government offices, contractors, and others involved in putting a capital asset in place. Video conferencing through various productivity tools has become part of the new normal for internal and project communications. But there…
Read MoreWhat Can You Do About Your Cash Flow?
One major effect of the COVID-19 pandemic is its effect on the economy and the cash flow issues it is creating for small business owners of all types–including architectural firms. Should you consider borrowing from your 401(k) now? As an architect, if you have a 401(k) plan at work and need some cash, you might…
Read MoreCOVID-19: What About My Insurance?
The Covid-19 pandemic has changed nearly everything in our lives and in architectural practice. There are some resulting insurance issues that are important to consider and address. Taking charge of your insurance premiums Professional liability policies are priced as a percentage of revenue. Given the current situation which may result in less business for your…
Read MoreThe Threat is Real: Cyber Attacks Against Architectural Firms
Many architectural firms are tempted into believing they’re safe from cyberattacks because they don’t consider their data to be “sensitive” enough to attract criminals. Cybercriminals are sophisticated, deliberate and efficient in how they monetize their efforts. If you use the internet for any reason – even if just for basics such as email, submitting invoices…
Read MoreNever Too Soon to Start
If you’re relatively new to practice, you may think that you can deal with retirement planning much later. But it takes years to accumulate the savings you’ll need for an ideal retirement. It’s well worth spending time now to strategize how you’ll get from here to there–even if retirement is many years in your future.…
Read MoreWhy Consider an Individual 401(k) Plan?
If you’re an architect who is self-employed or receives 1099 income as an independent contractor, you know that it’s up to you to establish a retirement plan. But do you understand the various approaches available to you, such as an individual 401(k) plan, and which may best suit you and your situation? If you’ve done…
Read MoreWhat Do You Need to Start a Successful Practice?
If you are thinking about or planning to start your own practice, what should you be thinking about? Starting your own practice requires a clear strategy and vision to grow a sustainable business–while planning for the unexpected. Starting a firm requires a plan on how to hire the right staff and acquire revenue-producing business. You…
Read MoreNurturing Financial Wellness at Your Firm
Financial wellness is one of the top trends in employee benefits right now because it has a good return on investment. When done right, it benefits both the employees of small businesses and their employers. It may seem like it’s outside the interest of employers to help employees deal with their individual financial issues. In…
Read MoreNurturing Financial Wellness at Your Firm
