June 4, 2010

Sample Business Plan for Architects

Entrepreneurship is an aggression, a passion and a commitment.
But the key to success is your foresight.
If you can visualise the future, you can win.

Zacharakis, a professor of entrepreneurship at Babson College explained, 
“A business plan for an architectural practice plays the first step to visualize your business. It is a written document showing you your thoughts on what, where, why, when and how you intend to manage your business. If you are a person with many resources or you are one without any; just like a soldier who enters the battlefield with loads of equipment, you too must put your thoughts on paper before entering into the field.” 

Here is the sample of a business plan for an architectural firm created by me for your reference. 

The executive summary is a term used in business for a short document that summarizes a longer report, proposal or group of related reports in such a way that readers can rapidly become acquainted with a large body of material without having to read it all. It will usually contain a brief statement of the problem or proposal covered in the major document(s), background information, concise analysis and main conclusions. It is intended as an aid to decision making by business managers. 
Here is the sample of an Architect's Business Plan created by me for your reference. 

All names and numbers in the above sample plan are hypothetical, used only to give an example. You can replace them with your factual data while making your own business plan.
The views expressed here examines the process of writing a professional practice (business) plan in order to help understand and manage the process in a better way. There is no single prescription that will suit every project and what I have attempted is to provide illustrations and flavour of experience to inspire you to write your own executive summary creatively and successfully. 
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