A design firm can be busy, growing and generating significant revenue while still leaving substantial profit on the table. Often, the problem isn’t a lack of work—it’s all the little places where opportunities are mismanaged or simply missed. Poor pricing, inadequate product margins, project overruns, inefficient staffing, unbilled time and weak accounting processes all can quietly erode profitability and drain your wallet.

In this Launch class, Julia Nikishina, founder of New Age Financial Consulting, breaks down the most common profit leaks inside interior design firms, explaining how to identify and then correct them. Attendees will learn how to look beyond revenue and use their financials, project data and operating practices to make smarter decisions about pricing, staffing, procurement and growth.

In this class, attendees will learn:
- How to identify the most common areas where design firms lose profit
- How pricing, procurement margins and project management directly affect the bottom line
- Which financial and project metrics you should be monitoring
- How staffing and overhead decisions can either support or erode profitability

After this class, attendees will have:
- A framework for identifying profit leaks within your firm
- A clearer understanding of what to measure at both the firm and project level
- Actionable opportunities to improve margins and protect profitability
- A better understanding of how to use financial data to make decisions throughout the year

Additional Information:
This workshop is conducted through Zoom webinar. All you need to join is reliable internet access and computer speakers with good volume.

BOH Insiders get unlimited free LAUNCH classes!
Click here to learn more. If you are already a BOH Insider member and are looking to take this class, please register through your Benefits Portal. Questions? Email membership@businessofhome.com.