BQE Software

Are you running your firm on intuition or insights? Many AE firms overlook critical KPIs that could unlock their true potential. 🏗️📊 Join us for a webinar this upcoming Wednesday, December 4, 2024 at 12:30 pm ET / 9:30 am PT where we will be diving into BQE’s Benchmarking Report, featuring data from over 1,500 architecture and engineering firms. Discover key performance metrics you should be tracking and actionable strategies to boost your firm's performance.

Unlocking Firm Value: Mastering Succession Planning Is your firm your greatest retirement asset? Learn how to grow your firm's value, prepare for ownership transition, and secure your financial future. Watch full on demand webinar: https://bit.ly/4fJeAqp.

Let's Talk Break-Even! Ever heard of the Break-Even Multiplier? It’s a game-changer for understanding your business’s financial baseline. Here’s the deal: this metric shows the multiple of labor costs you need to bill to simply cover all your expenses with no profit and no loss. For example, if your Break-Even Multiplier is 2.66, you need to bill $2.66 for every $1 spent on direct labor just to break even. 👉 Why does it matter? This number helps you set realistic hourly rates, ensuring you cover both salaries and overhead costs, and build in a healthy profit margin. Example: if you pay someone a salary of $100,000 per year, that is an hourly cost of $48 With the break even multiplier above (2.66), you have to bill this employee at $128/hour just to break even. Now build in a 20% profit margin and you should set an hourly billing rate at $160/hour to be profitable. Knowing these calculations can make or break project profitability! How do you set your billing rates? Does this concept impact your pricing strategy? Drop your thoughts below! Stay tuned for our series of posts where we break down essential metrics to boost your business performance! 🚀 Get ready to dive into the numbers that matter most for your success. Can't wait? Take a look now: 2024 BQE Architecture Benchmarking Report: https://bit.ly/3YMjwVf 2024 BQE Engineering Benchmarking Report: https://bit.ly/3YMjxbL #Architecture #Engineering #BusinessDevelopment #AEIndustry

Great new report by EntreArchitect™ and ARCHMARK | The Architect Branding & Marketing Agency measuring the health of the #architecture industry for small firms. This is a great compliment to the AIA Billings Index and the 2024 Architecture Benchmarking Report BQE published: https://lnkd.in/eTn4Gkry Thanks Mark R. LePage and Bryon McCartney for your hard work putting together the EntreArchitect Business Pulse Index.

⏱ Time tracking—it’s the secret weapon your AE firm needs to thrive, yet it’s often overlooked. Taking just 1–2 minutes a day can unlock crucial insights about productivity, profitability, and project success. #EfficiencyMatters #TimeTracking #AE #Architecture #Engineering

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Architects & Engineers – Do you know how much profit each member of your team brings to the table? Net Profit per Full-Time Employee is a crucial metric to keep your eye on. This figure shows the average profit each FTE generates, giving you a clear picture of your firm's efficiency and profitability. Think of it like this: If your profit per employee is high, you're getting solid value from your team, and adding more talent might be the right move for growth. But if it's low, it may be time to look at how your team’s time and resources are being used. By focusing on this metric, you’re not just measuring profit—you’re setting the foundation for sustainable growth and future success. 📈 🔍 Want to see how your firm measures up? Dive into our upcoming posts for more insights—or if you’re eager to get started, just click the links below! Click here to view the 2024 BQE Architecture Benchmarking Report: https://bit.ly/3YMjwVf Click here to view the 2024 BQE Engineering Benchmarking Report: https://bit.ly/3YMjxbL #Architecture #Engineering #BQE #2024BenchmarkingReport #BusinessDevelopment

Looking to attract premium clients without heavy marketing? Join our free webinar by BQE University and earn 1 LU AIA credit! Discover how top firms build reputation-driven practices, command higher fees, and make more time for design. Learn practical strategies to set your firm apart, manage teams effectively, and escape the hustle. Don’t miss this chance to transform your approach! Register now and take the first step toward a sustainable, reputation-based practice. 👉 Register Now: https://bit.ly/3UThm3P.

This is great news for the Architecture and Engineering industry.

Architects inspire us with everything they do. We’re paying it forward to the next generation of architects so they can make their mark too. If you or someone at your firm was licensed after January 1, 2024, we'll send a free custom stamp with state licensure information. To request your stamp, click the link below and fill out the form to receive a free custom stamp. https://bit.ly/3YhD56r To help us spread the word, like this post or @ mention someone you know. Let’s Make Your Mark! Customer obsession is one of our CORE values. We’re proud to have a small hand in the beautiful, impactful, and transformative work our customers are accomplishing every day. For over 25 years, we’ve made running the business side of a firm easier, so architects can focus on being architects. #Architecture #ArchitecturalStamps #NCARB #Licensure