Managing a successful architectural practice requires more than simply having clients. Success will depend on your recognition that a successful architectural practice requires all of the same skills that any business of a similar size would require. While you will be able to develop many of these skills some aspects of success will depend on the contribution of other professionals such as accountants and lawyers.
Some definitions need to be given because many expressions related to 'profit' are themselves variable in interpretation. The following explanations apply to some expressions used in relation to profit.
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