Professional Practice - Setting up an architecture practice
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Transcript of Professional Practice - Setting up an architecture practice
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SETTING UP APRACTICE -
OFFICE
ADMINISTRATION
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starting your ownpractice
You’ve got theexperience.You’ve got the drive.
How do you start yourown firm?Money? Oh no.
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Step 1:Be an Architect
Hopefully you’ve got this partcovered.
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There are different requiredepending on the type of firm you w
Let’s start with thetype of practice
you’d like to open.
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➜ Sole Proprietorship➜ Partnership➜ Body Corporate
THERE ARE 3 TYPES OF ARCHITECTURALCONSULTANCY PRACTICES
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Sole Proprietorship➜ Partnership➜ Body Corporate
THERE ARE 3 TYPES OF ARCHITECTURALCONSULTANCY PRACTICES
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➜ Sole Proprietorship Partnership➜ Body Corporate
THERE ARE 3 TYPES OF ARCHITECTURALCONSULTANCY PRACTICES
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➜ Sole Proprietorship➜ Partnership Body Corporate
THERE ARE 3 TYPES OF ARCHITECTURALCONSULTANCY PRACTICES
Has shares held bymembers of the board ofdirectors (architects)solely or with any otherpersons who areProfessional
Architects.Has a minimum paid-upcapital which shall be anamount to beprescribed by the Board.
This could include
multidisciplinary practices.
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Body Corporate - According to LAMs w
The board of directors shall be Professional Architects
The body corporate shall have a minimum paid-up capital of
The shares shall be held by members of the board of directors solely o
any other persons who areProfessional Architects
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Multidisciplinary Practices
A body corporate may provide multiple services such as, arc
consultancy services, professional engineering services and/or
quantity surveying services. However the part of the practice p
architectural consultancy services may have to register with the Board of
Architects.
The professionals must hold a minimum combined share of the overall equity of that body corporate, of which the Professional Archite
and/or bodies corporate providing architectural consultancy
hold a minimum share of 10%.
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Multidisciplinary Practices
Any other persons, including those belonging to a profession allied to
architecture, engineering or quantity surveying, being a profession approve
in writing by the board regulating the profession of architecture, engineerin
or quantity surveying, respectively, hold a maximum share o
Has a minimum paid-up capital which shall be an amount to be determined
by the Minister.
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If a company is not able to meet theminimum shareholdings due to changeswithin the company structure,
The company should increase the respective shareholdings
comply with the percentage stipulated by the Board.
This should be done as soon as possible, but not later than t
months after such change in shareholdings or within any extended per
of time as may be approved by the Board,
if that body corporate fails to do so within the stipulated time, the
shall cancel its registration under this Act.
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Multidisciplinary Practices - AccLAMs website
The multi-disciplinary body corporate shall have a minimum paid-up capit
of RM150,000.
Name of body corporate shall refrain from being pretentiou
ostentatious or of such nature that may negatively affect the dignity
profession or place it in a position of possible ridicule.
e.g. Global Environmental Planners and Architects, Arkitek
Supreme
Name of body corporate shall preferably comprise the actual names of
directors or the acronyms of their initials.
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Application for Registration of Sole Proprietorship / Partnership as anArchitectural Consultancy Practice
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Application for Registration of Body Corporate as an ArchitecturalConsultancy Practice
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Application for Registration of Body Corporate as an ArchitecturalConsultancy Practice
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Enough with thepaperwork Let’s
get down to it.
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GOALSYour goals set the direction and focus ofyour business. They allow you to align yourbusiness with what you want for your life in
years to come.
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● How large do you want the firm toget?
● Do you want to focus on design work,or on managing the business?
● What type of projects do you want totake on?
● What types of clients do you want towork for?
● How much money do you want tomake?
● Do you want to sell the firm in 5years?
● Do you want to build a firm that willprovide you with an income for thenext 20 years?
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MoneyBusinesses need money to survive.
● Borrow from the bank, using your house or other assetsas insurance.
● Use your own cash reserves.● Borrow from a parent, relative or friend.● Secure funds through a business grant, seed fund or
angel investor.● Bootstrap your firm until you turn a profit.
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InsuranceChoose the right company structure.
● Talk to a commercial lawyer and insurer and ensure youare properly covered for all eventualities. Don't trust tochance when it comes to company structure andlicensing.
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BrandingBrand Your Architecture Business
for Success.● Your brand is what you will be recognised for.
Project PortfolioWebsiteNetwork - Tell everyone & make newconnectionsBlogGet published
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ContractA contract protects both client andarchitect in event of somethinggoing wrong.
● The contract sets out expectations about the job from theonset and establishes a payment schedule and due datesfor services.
● The contract between architect and client might consist ofa number of documents, including:
Letter of IntentQuote DocumentLetter of Agreement
Terms and Conditions
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ProjectsWhat kind of projects do you want totake on?
● Consider specialising in a niche market● Consider pro bono or a low fee—for the right project● Enter design competitions● Invest in good photography● Partner with bigger firms to get on large projects
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OfficeCreative Spaces for Creative People.
● A prime location● A pleasant work environment● A good price● A solid contract● A space that reflects your personality and design
principles
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EquipmentKeep your equipment expenses to abare minimum. Upgrade later.● Computer● Design Software● Copier/Printer● Plotter● Internet & Telephone● Furniture● Coffee Machine● Reference Materials
● Camera
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StaffLook after your best people so theydo not want to leave.
● Keep it small. But if your company needs to grow, hire.Cultivate a family type environment.
● Give them career development.● Competitive Salary & Benefits● Make yourself attractive as an employer to candidates
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The character of the people you hire will determine much of the culture within your fi Mean, angry, gossips do not build great companies. They tear them down little by litt
Happy, cooperative, committed people attract other nice people. When your staff ihappy, your clients will be happy and ultimately… you will be happy.
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The End