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Business resilience: managing a business in uncertain times

22 September 18:00 - 20:30
Organized by: RIBA London
Venue: RIBA
Royal Institute of British Architects
66 Portland Place
London
W1B 1AD

A successful firm of architects needs to balance the delivery of high-quality architecture with the careful management of the business. In times of uncertainty, the fast pace of modern practice can sometimes make it difficult to see the big picture and consider future opportunities and threats.

 

This seminar will provide you with helpful and practical tips on running a successful practice and is targeted at both experienced and less experienced practitioners.

 

Whether the practice wishes to grow, move into new sectors, or simply maintain its current operation, this interactive session will explain why a plan is important, covering the following:

 

Internally focused concerns: operational factors

 

Your business and future aspirations Understanding your strengths and the possible threats Impact on working capital and cash flow at times of growth and recession Using practice data to maximise profit Your business plan, implementation and monitoring Your office team, using unique skills Planning for uncertainty, considering resilience  

Externally targeted issues

 

Understanding your markets and trends, maintaining a competitive edge New sectors, diversification of service, opportunities and risks Increasing your profile, targeting changes in perception Getting the message out there and using social media  

Implementing and monitoring the plan

This CPD will focus on “How you can achieve your targets and build in resilience”, using case studies with an interactive exercise and helpful tips

Speaker: Peter Farrall, University of LiverpoolPeter is an architect with 25 years’ experience as a partner at a small multidisciplinary firm of architects and quantity surveyors, Design Group Chester (DGC). In 2015, he became a full-time member of the academic staff at Liverpool University School of Architecture, where he is responsible for delivering practice management lectures and running the fourth year of the MArch programme. Prior to joining DGC, Peter worked for a number of larger practices in the North West. He is closely involved with the RIBA, President Emeritus of the Liverpool Architectural Society, and has served on the National Council.