BQE CORE AND TEIGER CONSULTING PRESENT

Understanding Runway and Burn Rate: The Key to Cash Flow 

Part 5 of the ‘Designing Your Business’ Masterclass Series


Wednesday, May 17th, 2023

1pm ET | 10 am PT 


Gross burn rate is an important thing to measure. Burn rate is the pace at which a firm is running through its capital ahead of it generating any positive cash flow.  It allows you to answer the question: “If we don’t sign another project, how many months can we stay in business? How long is our runway? This webinar looks at the key performance indicators associated with your runway and burn rate and teaches you how to estimate your projected income. 

By the end of this session, you will learn how to:

1

List your monthly expenses 

2

Define the fee remaining on all your projects 

3

Calculate the number of months you can sustain your office 

4

Estimate and project future income 

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Did you know that you can receive one LU for this course?

 

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Douglas Teiger, FAIA 

Founder | Teiger Consulting

LEARN FROM AN EXPERT

Douglas Teiger, FAIA, graduated from Cornell University, in 1982 with a BARCH.  He opened his own firm in 1989 and grew from a solo practitioner to become managing partner of his 32-person firm.   

In 2009, Douglas received a Master’s in Spiritual Psychology from USM, where he learned tools and skills he is sharing with his staff and clients. His ability to effectively streamline the operations allowed for more time to be spent on design and project research while creating a culture that fosters a holistic approach to a work life balance.    

In 2017, he served as President of the AIA Los Angeles Chapter and previously served on the AIA National Strategic Council. In 2019 Douglas transitioned out of his firm elevating three associates to partners, sold his shares and started his next venture, Teiger Consulting.   

Douglas’s mission is to “live an inspiring balanced life” whether it involves family, coaching, consulting, painting, or sports.   

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Steven Burns, FAIA

Founder | The Well-Designed Firm

Steven Burns, FAIA, is a global thought leader and speaker on topics related to firm management and emerging technologies. He is the founder of The Well-Designed Firm, a nascent business consultancy helping A&E firms that wish to make their business as elegant as the architecture they create. Steven received his Master of Architecture degree from the Harvard Graduate School of Design, spent 7 years at SOM, and founded his own architecture firm, BBA Architects which he sold in 2007. He created ArchiOffice, the popular office and project management software, which he sold to BQE Software in 2010 which later evolved into BQE CORE.   

ABOUT THE SERIES

The Designing Your Business Masterclass series was created by acclaimed architect and business consultant Douglas Teiger, FAIA, to help fellow architects and engineers run their firms more profitably while maintaining a healthy work-life balance.  

On the third Wednesday of every month, Douglas Teiger dives deep into an essential topic that will strengthen the profitability of your firm and make it sustainable for growth in the years to come.  

Tune in monthly for the full experience or simply register for the courses that focus on topics where you could use a little extra help.  

The goal of this masterclass is to implement systems and processes that increase profitability and create freedom, allowing you to get back to the areas of your practice and your life that you love. 

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ABOUT BQE: A PROUD SPONSOR OF THIS MASTERCLASS SERIES

BQE Software develops innovative business management solutions for architecture, engineering, and other professional services firms. Its flagship product, BQE CORE, streamlines project management, time tracking, billing, accounting, and other business processes on a single platform. Every day, over 5,000 customers use BQE CORE to get clear visibility and control over their projects, productivity, and profitability – all in one place. Learn more at www.bqe.com.