Join us for this upcoming webinar: Maintaining Financial Sustainability and Growing Your Firm
Tuesday, December 7, 2021, 12:00 – 1:00pm
Architecture, engineering and design firm leaders are faced with many challenges including how to:
- generate sustainable growth and profitability of the firm,
- build a capable and loyal employee team,
- develop future leaders,
- expand services,
- increase productivity and
- stay current with professional standards and new technologies.
Sustainable growth needs to be driven by healthy profits, while allowing the firm to build its culture and stay true to its purpose. There is a direct link between the firm’s financial performance and value. This is especially important when planning for internal employee succession.
Financial strength is achieved by coordinated efforts throughout the firm, from the leaders to the full staff team. On a macro level, the focus is on integrating new opportunities into the existing firm and culture. On a micro level, the focus is on close budgeting and monitoring projects and firm overheads. In addition, the compensation strategy for owners and employees is aligned with firm goals.
Join us for this webinar, presented by our partner Elaine Pantel, a leading member of Shimmerman Penn’s AED Industry Team. We will highlight and explain how management can develop a Financial Dashboard of key financial metrics to align with strategy, monitor and assess the financial health of their firms, manage day-to-day operations and set performance targets.
There will be a Q&A session after the presentation.
Learning Objectives
- Understand the connection between financial metrics and firm value.
- Learn about tools for maintaining financial strength while undergoing change.
- Set and monitor performance targets.
- How technology can assist in this process.
This webinar is eligible for I hour of CPE credit with the Ontario Architects Association.
