M4D Seasonal Release Collection

Page 158

MANAGEMENT FOR DESIGN

Summer 2018 Release

Should You Merge Your Business? Probably! Robert Peake, Director, Management For Design

In Australia there are approximately 10,800 architecture, engineering, planning and related consultant and design businesses*. Of these: ■■ 60% of practices have less than 5 people ■■ 80% of practices have less than 10 people ■■ 90% of practices have less than 20 people This is just under 10,000 businesses who have a heavy reliance on the principals to bring in the clients, recruit and manage the people, design and deliver projects and control the finances. Ultimately, it doesn’t leave a lot of headspace, time or capacity to build and grow the practice. It also doesn’t allow much time to deal with success and the increasing risks that result from demanding contract conditions, finding and retaining the right people, lower fees, investment needs, and the changes in an increasingly global economy. *Australian Bureau of Statistics Professional Service Businesses 2016.


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