Starting Your Architect Business
Starting your architect business from scratch can be an exciting journey. There are many advantages of running your own business, particularly with respect to freedom, control, and flexibility. Many architects work with established firms to gain knowledge and experience after they obtain the required qualification.
Insights on Profits for Architects
The average architect principal of a professional practice who is an owner (having some equity in the firm) is paid at $147,452. The top 20 percent of such architect principals earn $205,778. There is an additional bonus, with the mean projected to be 45.6 percent. Therefore, this article covers ideas that architects can use to make profits.
Considerations for Self-Employed Architects
- Architects should evaluate goals and priorities when deciding between self-employment and employment in a firm. Seeking professional advice assists in making informed career decisions.
- Taxes for self-employed architects include registering with HMRC, self-employment taxes, and tax deductions.
Can You Be Your Own Boss as an Architect?
Can you be your own boss as an architect? Many architects work with established firms to gain knowledge and experience after they obtain the required qualification. Working with reputed firms helps you form connections in the industry that you can leverage when you set up your firm.
Creating Your Own Architecture Firm
At one time or another, most architects think about opening their own architectural office. The rewards and flexibility of starting your own architecture firm are enticing to many, but it is difficult if you do not have a spouse with a healthy income.
Unique Aspects of Working as an Architect
What’s really unique about working as an architect is that you’re still able to work either alone or as a part of a small team and be real efficient and useful. Market your skills online, reach out to other architects for collaboration opportunities, make your intentions clear from the get-go.
Launching Your Business
And this module is the first module of a course taking you from the burning desire to become your own boss to launching your business. You need to own and run a business and make all the decisions for it. Not a moment goes by where the architect inside you isn’t gazing at your surroundings and coming up with options.