2015 Architecture Trends And Their Impact In 2016
The start of 2016 has given the UK's architectural community plenty to smile about.
Recognition in the New Year Honours list. Winning the Turner Prize. Promises of a 'house building boom' from the government.
The headlines over the last few weeks would have no doubt spread a feeling of pride, hope and optimism across the sector.
But, is this feel good factor going to last?
Dose of realism
Whereas there is obviously a lot to feel optimistic about in architecture at the moment, like everything, practices are likely to face their fair share of issues in the coming year.
Thankfully, with a bit of planning and preparation, it'll be possible to weather the storms and ride on a continued wave of prosperity well into 2017.
So what are the potential issues and how can you tackle them?
For a start, it's been an employee's market for a while and this trend is set to continue into the New Year. As such, skilled talent will be increasingly scarce in 2016.
It might be a challenge to get the people you need on board.
Knowing what you're looking for is the first step towards getting what you need when it comes to investing in resources. Where is your business headed? Has it already got the skills it needs to get there?
If you establish a need for more manpower in a certain business area, use a combination of market information and your firm's own financial forecast data to attract potential candidates with fair - yet sustainable - salaries.
Win the right type of business
Once your team is in place, it's fundamental to keep your growth strategy on the straight and narrow. Having an abundance of work may make a refreshing change from the austerity years of late, but it pays not to take on more than you can handle.
Be selective about the work you choose. Taking on the wrong type of project can undermine your firm's morale, profit and reputation. For this you'll need to refer to your business intelligence again. Use it to establish the type of work that has worked well for your firm in the past and focus on winning more of the same.
Regardless of what lies in store this year, it makes sense to start off the New Year on the right foot. With the right technological framework in place, 2016 could see you making the type of decisions that will make it your most prosperous and profitable year to date.
Find out more about the trends and challenges in architecture and how to make 2016 your firm's year for growth in our Industry Snapshot 2016. Or, look out for our next blog on how architects can stay on a path of prosperity.