The Business of Interior Design Study Terms
Terms in this set (21)
employment of interior designers:
2) junior designer-mid level-senior designer-partner
3) owner of own business
other places to look for jobs:
-show rooms dir retail stores
-small interior design firms
-construction business, general contractors,home builders
duties may include, but not limited to:
-hand drafting and rendering
-computer drafting and rendering
-purchase order, invoices ,etc.
-scheduling between contractors, workers, etc.
-delivering materials and samples
-answering phones ad problem solving
-working alongside architects,general contractors, etc.
-various random tasks
business matter-mix of creativity and business:
budgeting, marketing, management, etc.
-estimating: find out extent of work
-often expressed in $/square feet
-give low to high options
budget-estimating-what will be included:
-ff and e
-finishes and materials
-delivery and installing
-demolition, disposal, repair
-HVAC, electrical, plumbing
estimates and bids:-bids from various contractors::firm estimate"
-might increase if run into a problem
-bidding might not occur for furniture, materials, etc.
design fees: -make a profit one of two ways: 1) professional designers fees per project, or month
2)percentage of merchandise being sold
-between client and designer
-between client and contractor/supplier
-negotiating lease terms
-professional organizations (ASID, IIDA, USGBC)
-town hall/commuity meetings
-meet and greets at different businesses, showrooms, etc.
-word of mouth
-websites (i.e. linkedin)
-get your name out there any positive way you can.
human problems- do's:
-take notes of client's behavior in first meeting
-give realistic assessments of costs, amount of work, time, etc.
-follow good businesses practices
-tell clients what they want to hear
-accept project that you know. is gong to be trouble from beginning
-get involved in office politics
-might promises you might not keep
-overrun budgets without discussion
-most common design business models:
-LLC and LLP
-how and individual designer might start out, designer owns their own business
-simple and direct
-usually difficult to sell if owner is giving up the business
when a sole proprietor decides to share ownership, or several people decide to form joint business
someone who invests money in partnership for profit, taking no part in operation.
-need written agreement between partners.
each partner is fully liable for all debts.
-very adoptable but more difficult if small amount of partners.
an organization recognized by the law as having an identity apart from its owners
-can be one person but generally its multiple people
-owners hold stock
-controlled by board of directors elected by stock holders
-tax and financial advantages
limited liability company
-not protected from liability of another member
limited liability partnership
-is protected from liability of another member
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