The first key steps in launching a practice are to assess one’s own abilities, set long-term goals, and develop a business model, business plan and strategic plan. operate profitably and provide stability to the practice.work with the construction industry and administer contracts.perform the full range of architectural services efficiently and effectively.negotiate terms and compensation in client-architect agreements.develop and market a firm’s value proposition, attract clients, and sell services.The owner(s) of an architectural practice must be able to: The individual should carefully weigh all the implications before embarking on this course.Įstablishing and maintaining an architectural practice demands certain skills. a means for creating work or employment.Īnyone considering such a change should be aware from the outset that establishing an architectural practice has serious implications for one’s personal, professional and business life.the award of a significant commission, either through a competition or from a business associate.an offer to form a partnership or purchase shares from an established firm or colleague.the wish to specialize in a certain field of architecture or market niche.the motivation to provide service to society and to clients.the desire to control one’s own professional destiny.Sole Proprietorship: An architectural practice owned and controlled exclusively by one person.Īrchitects decide to set up their own practices for many different reasons. Partnership: An unincorporated relationship between architects (or other professionals, as may be permitted by provincial requirements) for carrying on business in common. Joint Venture: A defined business relationship between two or more architectural practices for a limited purpose or objective, without some of the inherent duties and responsibilities of a partnership. A legal instrument is required to create the entity as a commercial corporation. Corporation: A legal business entity formed by a group of people which acts as a single unit.
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