Architects and designers felt the impact of the fluctuating economy on their operations as growth slowed down and new clients were difficult to come by last year. As a result, more than 70%of architecture firms witnessed a drop in their annual billing.
This was a cause for panic, but only for firms that didn’t pivot, evolve, and take charge of the situation. Many enterprising architects used these challenging times to demonstrate amazing capabilities to think outside the box and turn the challenges into opportunities.
According to George W. Bacon:
“Fortunes are not made in boom times … this is merely the collection period. Fortunes are made in the depressions or lean periods when the wise man overhauls his mind, his methods, his response and gets training for the race to come.”
Those who survived the pandemic are in for quite a ride as the demand for housing has skyrocketed after the lockdown. How can you make sure your architecture firm is ready for its big break?
3 Ways to Pivot your Firm
In business and life, you reap what you sow. So, the seed you will plant when things are difficult will bear the fruit soon during the growth and expansion phase.
Here’s what you need to do to excellent results when the world returns to normal:
Learn New Principles
Encourage your people to read books, enroll in online classes, or start engaging in activities that give your organization an edge over competitors during this global situation.
Learn new and innovative things and apply them to lead your firm toward success.
As a result, as soon as the good times return, you and your firm are fully prepared to make your big break, grow your company, and navigate the challenges of today and tomorrow.
Identify and Grasp the Opportunities
Everyone is trying to secure their footing to keep their firm afloat. Therefore, you need to spot opportunities quickly to grasp them before anyone. Instead of following the old ways, turn your services into products. Start sharing your expertise with builders and construction companies to turn your offerings into a billing and scalable product.
Build Team Morale
Keeping team morale high is critical.
As a leader, start by setting a good example. Be professional but regularly talk to your team, address their concerns, and show them your plans to use this situation as your big break.
Success Begins With Teamwork
Staying strong and preparing in bad situations leads to success in boom times. Therefore, you need a good team that keeps up with your plans and offers undivided support. This is the right time to ensure you lay the strong foundation for your firm’s bright future.
So, connect with DBI to recruit the best architecture and interior design talent to help you make your big break in the industry.
Contact us today for more information!
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