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RIBA North East (Gateshead) - Financial management: how to run a profitable...
Thu 9 March 2017, 14:00 – 16:30 GMT
What are the key considerations that architects should be aware of when looking to run a successful, profitable practice? It goes without saying that exceeding clients’ expectations is a key contributor to a successful practice, but it can often lead to architects working ‘in’ the business as opposed to ‘on’ the business. In uncertain times, it is more important than ever to have an understanding of pipeline, resource management, cash management and the current market. This session will provide delegates with a clear understanding of the tools available to ensure that practices are run effectively, and crucially, operate at a profit. Using working examples and real-life scenarios, the following topics will be covered:
The importance of forecasting and its practical use
Effective record keeping
Cash flow; managing cash flow and useful tips on how to improve it
Raising finance; Where to access it and how to raise it
Reducing your business’ tax liability; what tax reliefs are available, and ways of claiming
A portion of this session will be dedicated to discussing live, working examples of challenges faced by you within your own practice, in order to make the session as useful and relevant as possible.
You will leave equipped with financial management tips and techniques that can be readily applied, and will discover new ways to contribute to the success and profitability of your practice.
Speaker: Gareth L Jones - Director, Outsourcing
Gareth is a Director in our Business Support and Outsourcing department and has 10 years of experience advising FTSE, AIM listed and privately owned businesses in a number of sectors including manufacturing, biotech and professional practices including architects.
Prior to joining Moore Stephens, Gareth was a Director within the professional services department of a FTSE 100 company in London. Gareth has extensive experience of reporting under IFRS and FRS 101/ 102 as well as significant transaction experience, including AIM IPO and private equity.
Core Curriculum topics: 1. Internal management 2. External management
Terms & Conditions
- Cancellations for pay-as-you-go tickets are permitted up to 10 working days before the event, delegate substitutions are accepted at any time, please contact firstname.lastname@example.org for cancellation/substitution requests.
- An email will be sent to confirm your place on receipt of your booking. A second email confirming venue along with map/directions will be sent to you approx. 7-10 days before the event.
- Bookings at the member rates will only be accepted if accompanied by a valid membership number.
- If you require a purchase order to be quoted on your invoice this must be supplied at the time of booking.