Many architects focus on delivering social good but overlook a crucial element—profit, or as Paul Iddon suggests, surplus. Without surplus, businesses face cash flow issues, leading to instability. In this episode of the Business of Architecture podcast, Paul and host Rion Willard dive into why understanding cash flow is essential for architectural practices.
They explore how reserve funds can protect against fluctuating fees and discuss the warning signs of cash flow problems that architects need to watch out for. Discover actionable strategies to ensure long-term business stability, and learn how to unlock greater value in your work.
Listen to the full episode on YouTube, Apple Podcasts, or Spotify to gain insights that can help you future-proof your architectural business.
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