Julia Molloy of Molloy Management Group recently posted Part One of what will surely be a great series on how to increase profits in your interior design business on her blog, the Interior Design Business Expert. As fans of Julia’s work and strong proponents for ways to help talented interior designers be as profitable as possible we just had to share this with you all and we will be sure to re-post Parts Two and Three as she posts them!
“There has been a lot of movement in the industry, especially as it pertains to billing models and profit. We all want to make and keep more money. But how do we do that? How do you know where you’re making money and where you’re losing it? These are the tough questions that Principal Interior Designers must face every day. Ultimately you’ve got figure out the formula for becoming as profitable as possible. There are 3 components to a healthier bottom line; efficiency, financial awareness and a high revenue to man hour ratio. Mastering these components is the winning formula for financial success.”
Read the complete blog post here: 3 Part Formula for Increased Profits in Your Interior Design Business – Part One.