1.5 ConEd Learning Hours

Hosted by Shimmerman Penn LLP

Architecture firm leaders are faced with myriad challenges, including generating sustainable growth and profitability of their practice, building a capable and loyal employee team, developing future leaders, expanding services, increasing productivity, and staying 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.

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 must be aligned with firm goals.

Join members of Shimmerman Penn’s Architecture, Engineering, and Design industry team to hear about strategies we help firms implement to be successful and grow their firms and implement ownership succession plans in the current competitive environment. After a short presentation, we will also present mini case studies and allow time for open Q&A and discussions.

Learning Objectives:

1. Learn about current trends in succession planning and leadership transition.
2. Explore options for structuring succession plan models.
3. Look at pathways to partnership – compensation strategies for key employees.
4. Understand how you can use Executive Financial Dashboards to drive strategy and engage new owners in the business.