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

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

• Connect with Marilyn Moedinger on LinkedIn or Twitter
• Check out Runcible Studios
• Connect with George Valdes on LinkedIn or Twitter
• Connect with Chris Morgan on LinkedIn 
• Check out Monograph
• Follow Monograph on LinkedIn or Instagram
• Listen and read more about Monograph