BQE CORE AND TEIGER CONSULTING PRESENT
Part 7 of the ‘Designing Your Business’ Masterclass Series
Available on demand
There are many ways to analyze profit and understand profit. Typically, principals and accountants alike look at how much money is in your firm’s bank account at the end of the year. In this webinar, we will go much deeper and review the metrics and tools necessary to understand both your project profitability and your firm profitability. We will define a critical KPI, the cost rate multiplier, and review the difference between utilization rate and efficiency rate. We will also define what your billing target per month should be in order to reach your goals.
By the end of this session, you will learn how to:
1
Explain the relationship between project profitability and office profitability
2
Define your break-even multiplier and get your true cost rate
3
Distinguish between utilization rate and efficiency rate
4
Analyze your firm’s maximum office billing potential
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Did you know that you can receive one LU for this course?
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.
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.