Business of Architecture Podcast cover image

Business of Architecture Podcast

513: The 6 High-Profit Business Models for Architects with Rion Willard

Feb 23, 2024
Discover the 6 high-profit business models for architects, including global arbitrage through outsourcing, remote work, digital micro-practices, and niche market specialization. Explore the shift towards architectural consulting and advisory services for enhanced profitability and efficiency. Unveil secrets to achieving remarkable profit margins beyond industry standards and learn how to revolutionize your architecture practice.
40:21

Podcast summary created with Snipd AI

Quick takeaways

  • Architects can double profits by leveraging unconventional strategies.
  • Specializing in niche sectors boosts profitability by positioning firms as experts.

Deep dives

Common Issues in Architecture Practices Regarding Profitability

Many architecture practices struggle with profitability, often averaging between 8 to 15%, which is considered low. High-performing businesses in architecture aim for profits above 20%, with 30% and higher indicating a successful business model. Erin Peregrino highlighted architects' lack of focus on profitability compared to professions like law, where profitability is a primary concern.

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