How to account for the surprising economics of a home design business. [Monday Minute]

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August 22, 2022 edition of the AIBD’s Monday Minute weekly newsletter.
Announcements
How to account for the surprising economics of a home design business
Have you ever had a client refuse to pay for work after you’ve already completed it?

 

It’s very frustrating.

Now you have to spend more time (and maybe money) chasing them down to get paid.

Do you? Or do you just let it go and move on?

The solution may lie in the difference between accounting profit and economic profit.

Watch this video for the answer
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Designing a Library in a Contemporary Home
From this week’s #HomeDESIGN Pro Daily, Click here to subscribe.

For a Starting Point, Look to Your Home’s Design.

 

“Let the house guide you in the design of the library.

Create a library that builds within the home’s language and adds to the overall feel that is consistent with the current aesthetic.”

Read More
Custom Finishes for Fine Homes
Siding & Trim, Custom Patters, Ceiling Boards and Shiplap.

 

Contact Us: 704.528.7136
www.legacyprefinishing.com

Meet our newest CPBDs!
Help us congratulate our latest achievers.
  • Elena Brindle, CPBD #44-818, Red Rock, TX (8/1)
  • Megan G. Musgrove, CPBD #04-106, Dover, AR (7/25)
  • Donald Anderson, CPBD #22-222, Chelmsford, MA (7/22)
  • Vachana Rao, CPBD #44-18, Austin, TX (7/13)
  • George L. Russell, CPBD #44-816, San Antonio, TX (7/7)
Our new fiscal year is off to a great start.
  • 5 new CPBDs in 2022/2023
  • 33 in 2021/2022
  • 47 in 2020/2021 (the record)
  • 46 in 2019/2020 & 44 in 2018/2019
An email went out to every CPBD inviting them to set their password and begin using the app for uploading their CE certificates.

 

If you missed the email, do NOT set up a new account. Contact Rusty.Hudnet@AIBD.org to get you connected to your profile.

 

 
 
  • DeAubrey ReShaud Carr, Student Member from OK
  • Jose Enrique Carrillo, Student Member from
  • Luis D. Gutierrez, Student Member from OK
  • David Hoffman, Student Member from OK
  • Justin Peet, Student Member from OK
  • Matthew Fletcher, Professional Member from ID
  • Ni Guan, Professional Member from FL
  • Frank Hughes, Professional Member from CA
  • Hope McGrady, Professional Member from SC
  • James McKee, Professional Member from KY
  • Michael Nocito, Professional Member from FL
  • Anthony Thornton, Professional Member from FL
  • Kindra Welch, Professional Member from TX
  • Vargas Angelica Gutierrez , Associate Member from FL
  • Frank Benny Maldonado, Associate Member from FL
Compass Club Report: We are on pace to set a record!
The total points this Fiscal Year (July to June).
Total Score = 17 points. (Pace = 179 by June 2023)
Last Year’s Score = 120 pts. (2021/2022)
The Record = 154 pts. (2018/2019)

 

Welcome to our newest Compass Club members.

  • Beatriz Castro (TX) recruited a Professional member in August (And with it reached the 2500 Compass Club point plateau)
  • Heather Baldwin (OH) recruited a Professional member in August
  • .Angel Silva (TX) recruited one new Professional Member in July.
Click here to learn more about Compass Club.

 

This week’s movers and shakers!

  • Mike Keesee (💎Member – FL), the founder of the Compass Club, is on FIRE! 🌋🔥☄ This past week, Mike introduced three more Professional members and two Associates to AIBD. Increasing his points to 15 in August and 94 overall. The design of a new double-diamond lapel pin is underway, @MikeKeesee! 💎💎
Events
Upcoming chapter meetings (and more).
  • September 9 – Coffee With Bernie – Virtual, on Hopin.
  • September 23 – AIBD, Central Oklahoma Chapter – Meeting in person. For more information, contact the new chapter chairman, Donnie Loveday, dloveday@lovedaydesigns.com.
  • September 23 – AIBD, Denver Metro – Virtual, on Hopin.
  • September 30 – AIBD, Central Colorado – Virtual, on Hopin.
  • November 9 & 10 D&B Technology (Virtual) – Noon ET to 6 pm ET (daily).
  • March 3 & 4 – D&B North Myrtle Beach (Hybrid) – Ocean Drive Beach & Golf Resort, North Myrtle Beach, SC.
All AIBD events (and more) can be found at AIBD.org/events.
Manage
Training and Education
Defining your architectural style makes you more recognizable and memorable, which can help you attract new clients.
It can be tough to stand out in a competitive industry.

You need an edge, and defining your architectural style is the key.

 
It can be tough to figure out where to start, especially if you’re new to the field.

 

You might feel like you’re copying someone else or that your work isn’t good enough.

 
Our conference replays will give you everything you need to know.
 
It’s hard enough to find the time and resources to attend a conference, let alone learn from it.

 

With our help, you can learn to create a style that is all your own.
 
At your own pace. Any time, anywhere.
 
You’ll learn from some of the top experts in the field that will help you put what you learn into practice.
 
Purchase replays of our conference and get all the information you need in one place.
Buy now
Miscellaneous
7 Building Design Hacks to Help You Stay on Schedule
When it comes to small building design firms, time is of the essence.

 

You need to complete your projects on schedule and under budget, and every day counts.

 

These seven tips can help you do just that.
Read More
 
Have a triumphant week!
 

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