Wednesday, May 18 2022
1:00pm - 2:00pm
This webinar is organized by BQE Software, inc. and is Part 5 of the 'Designing Your Business' Masterclass Series
Gross burn rate is an important thing to measure. Burn rate is the pace at which a firm is running through its capital ahead of it generating any positive cash flow. It allows you to answer the question: “If we don’t sign another project, how many months can we stay in business? How long is our runway?” This webinar looks at the key performance indicators associated with your runway and burn rate and teaches you how to estimate your projected income.
- List your monthly expenses
- Define the fee remaining on all your projects
- Calculate the number of months you can sustain your office
- Estimate and project future income
Douglas Teiger, FAIA
Douglas Teiger, FAIA, graduated from Cornell University, in 1982 with a BARCH. He opened his own firm in 1989 and grew from a solo practitioner to become managing partner of his 32-person firm.
In 2009, Douglas received a Master’s in Spiritual Psychology from USM, where he learned tools and skills he is sharing with his staff and clients. His ability to effectively streamline the operations allowed for more time to be spent on design and project research while creating a culture that fosters a holistic approach to a work life balance.
In 2017 he became president of the AIA Los Angeles Chapter and is currently serving on the AIA National Strategic Council.
In 2019 Douglas transitioned out of his firm elevating three associates to partners, sold his shares and started his next venture, Teiger Consulting.
Douglas’s mission is “Live an inspiring balanced life” whether it involves family, coaching, consulting, painting, or sports. “Love what you do and do what you love”.