The hybrid hangover
By Julia Moroney | AEC firms must protect flexibility without sacrificing mentorship and visibility for young leaders.
10 results found for “tax issues”
By Julia Moroney | AEC firms must protect flexibility without sacrificing mentorship and visibility for young leaders.
By Kyle Ahern | A closer look at the structures, risks, and rewards shaping leadership in today’s AEC industry.
By Karen Poist | State licensing and tax compliance can make or break your deal, so you must plan early to protect value, avoid liability, and ensure a smooth transition.
By Robert Jones | Understanding the difference between FAR overhead audits and compilations helps AEC firms secure DOT contracts and avoid costly setbacks.
By Robert Jones | Government contractors in AEC must understand and follow GAAP to meet compliance standards, secure contracts, and ensure accurate financial reporting.
By Karen Poist & Brad Wilson | Proactively address this blind spot early in the process to ensure your firm remains fully compliant, operational, and set for long-term success.
By Jennifer Nelson | With informed planning and strategic flexibility, AEC firms can continue to thrive and deliver, even in turbulent times.
By Jeremy Clarke | The key to embracing growth without giving up what made your firm great in the first place.
By Jordan Wilson & Dawson Fercho | The Republican reconciliation package consolidates energy, border, and tax policies, potentially reforming Section 174.
By Brandon Pinkerton | When the time comes, the best thing you can do for yourself, your legacy, and your organization is to end the journey well.
By Mark Zweig | This person is at the core of what makes your business successful, however not all financial managers are competent.
By Ezequiel Tovar | Firm owners need to first be intentional, vulnerable, and transparent in order to make their transition a success.
By Eric Tuthill & Jordan Wilson | It’s become increasingly apparent that Section 174 may be around longer than anyone believed possible.
By Mark Zweig | Firm owners should consider adding key employees to ownership for motivation, transition planning, and financial strength – before it’s too late.
By Dan Houf | If AEC firms cannot have certainty in how they operate and grow, it will be difficult to stay competitive.
The inaugural 2024 AEC Small Business & Entrepreneurship Forum, coming to Atlanta May 21, brings together entrepreneurial AEC industry leaders to discuss the unique issues of managing and growing a business in the AEC industry.
By Mark Zweig | Some of the ways entrepreneurial small firm owners create value and differentiate themselves.
By Mark Zweig | Mergers may be rare in our industry, but they could be the perfect vehicle for two or more firms that want to combine forces and grow.
By Liisa Andreassen | Senior principal and president of 19six Architects (San Luis Obispo, CA), one of the oldest and most established architectural firms in California.
By Kyle Lawson | Modern chief financial officers have evolved from controllers to multi-faceted strategic catalysts.
By Adrian De la Garza | Insights and considerations that can help you decide if you’re ready to buy another firm.
By Will Swearingen | How does your firm’s financial performance stack up against the rest of the AEC industry?
By Mark Zweig | There are some things AEC professionals must learn about business in order to be successful.
By Mike Woeber | What really changed with the federal research and development credit for 2022 tax purposes.
By Will Swearingen | How valuable is your firm compared to others in the industry?
By Dan Houf | This harmful change in tax policy is going to impact the AEC industry, and may even put many small firms out of business.
By Liisa Andreassen | Principal at JQ (Dallas, TX), a team of professionals providing structural and civil engineering, geospatial, and facility performance services within a diverse group of markets.
Janki DePalma – the senior associate and director of business development at Kirksey Architecture – discusses active listening, empathy, building relationships, and the importance of psychological safety in the workplace, especially for women.
By Ezequiel Tovar | These continuing education opportunities offers valuable insight into what makes successful AEC firms stand out from the rest.
By Mark Zweig | Many of these things will increase the value of your ownership in an external, or even internal, transition.
By Mark Zweig | The future will be here before you know it, so there is no time to delay your ownership transition planning efforts.
By Mark Zweig | A few of the reasons a great, successful firm can falter and experience a fall from grace.
By Pete Hinojosa | Professional employer organizations provide a comprehensive range of HR solutions and technology to help businesses gain a competitive advantage.
By Mark Zweig | The payoff is a more valuable company that is healthier and provides more opportunities for its employees.
By Will Swearingen | When considering a transition, it’s important that you stay flexible and don’t wait until the end to plan your exit.
By Mark Zweig | It’s time to take a good hard look at what everyone in your business is doing for you.
By Mark Zweig | There is always something you can do to improve your bottom line, and now is the time to do it.
By Ted Grace | This is a cost-effective alternative for AEC leaders seeking to manage enterprise risk.
By Mark Zweig | Use these tactics to respond to the things that trigger you emotionally and contribute to you losing your temper.
By Liisa Andreassen | President of Galloway (Denver, CO), a firm with a streamlined process that addresses all its clients’ design needs – from architecture to civil engineering and survey.
By Mark Zweig | If you really know your business, you can make money in any market – even one as crazy as this.
By Kevin Johns | These five financial considerations are just a few of the measures that successful AEC firms put in place to build long-term organizational health.
By Liisa Andreassen | CEO and president of MKN (Arroyo Grande, CA), a firm specializing in water, wastewater, and water reuse engineering for public agencies.
By Liisa Andreassen | Managing principal at GGLO (Seattle, WA), a firm that believes it’s both the opportunity and responsibility of design to inspire the best aspects of community.
By Yukari Yamahiro | Four back-to-work-archetypes to help leaders better understand what employees want and need as they return to the workplace.
By Will Swearingen | A clear understanding of how your firm will be managed after a large shareholder’s exit can greatly increase success going forward.
By Stephanie Warino | External members on boards of directors increase innovation and spur growth.
By Liisa Andreassen | President and CEO of Haley Ward (Bangor, ME), a 100 percent employee-owned technical consulting firm, offering a range of engineering, environmental, and surveying services.
By Liisa Andreassen | Co-owner of UMA Geotechnical Construction (Colfax, NC), an experienced design-build, geotechnical contractor with a proven record of performance in diverse soil conditions.
By Liisa Andreassen | President of Line Scale Form (Birmingham, AL), a firm with a goal of providing clients with designs that are exceptional and practical – visually, fiscally, and functionally.
By Mark Zweig | There are many variables to consider when planning for an ownership transition in an AEC firm.
By Liisa Andreassen | CEO of Parkhill (Lubbock, TX), a multidisciplinary firm that is building community by creating inventive, relevant built environments together.
President and CEO of Blueline (Kirkland, WA), a firm that’s committed to building relationships, enhancing communities, and improving lives.
By Phil Keil | Systems, value creation, simplicity, and granting authority to the most local level.
By Liisa Andreassen | President and CEO of Fuss & O’Neill (Manchester, CT), a company that – since its founding in 1924 – has grown to include 10 regional offices, one LLC, and more than...
By Liisa Andreassen | President of Fishbeck (Grand Rapids, MI), a firm of engineers, scientists, architects, and constructors in the business of problem solving, inspiring results, and bringing ideas to life.
By Liisa Andreassen | President and founder of PaleoWest, a heritage consulting firm that guides clients’ projects through regulatory challenges posed by prehistoric, historic, and paleontological resources.
By Mark Zweig | Look in the mirror and ask yourself if you are still doing what you want to do every day. Maybe now is the time to get really serious about your transition.
By John Bray | Approachable steps you can take to prepare for a potential acquisition down the road, and why it’s never a bad idea to take them.
By Liisa Andreassen | President and CEO of Bala Consulting Engineers (King of Prussia, PA), a multi-disciplined design firm with an environment designed for relationships to thrive and careers to flourish.
By Christina Zweig Niehues | There are several management areas where award-winning, fast-growth, and very high profit AEC firms stand out.
President and CEO of Primera (Chicago, IL), a mid-size, full-service, woman-owned engineering design and consulting firm.
By Mark Zweig | Entrepreneurs and small business owners have fundamentally different views on the opportunity each has in front of them.
President of EPS Group (Mesa, AZ), a full-service consulting firm that is dedicated to exceeding expectations.
Managing principal at Inventure Design (Houston, TX), a firm that transforms the client experience in design and architecture by creating smart, human-centered spaces.
If your firm has the following characteristics, the more likely an ESOP is a good and viable option for your firm.
Managing partner at Method Architecture (Houston, TX), a firm that practices ego-free architecture, creatively solves problems, and provides unparalleled customer service.
By Will Swearingen | Don’t let the concept of treasury stock cloud your transition strategy.
COO at Baird, Hampton and Brown, Inc. (Fort Worth, TX), a firm that is passionate about improving the landscape of its community with the utmost quality and integrity.
President and CEO Arora Engineers, Inc. (Chadds Ford, PA), a firm that meets the evolving needs of its clients through more intelligent, sustainable, infrastructure solutions.
President and senior principal of ICON Architecture (Boston, MA), a women-owned, SOMBDA certified firm that’s staffed over 50 percent by women.
By Mark Zweig | Many owners fail to understand how much value they can create in their companies if they make the right decisions.
Owner and managing partner at Batture, LLC (New Orleans, LA), a firm dedicated to delivering outstanding results while creating powerful social and environmental change.
Co-founder and executive vice president of Patel, Greene and Assoc. (Temple Terrace, FL), a firm with a mission to elevate their families, communities, and profession.
By Jamie Claire Kiser | Despite the challenging environment, there are tremendous opportunities to be had.
By Justin Ramirez | Nothing is as certain as death and taxes. But an owner’s retirement can be, too. If done correctly, an owner’s retirement and its benefits can be just as certain as death...
Co-founder and principal at CWE (Fullerton, CA), a civil engineering, water resources, and environmental engineering firm whose experts pledge to create a better tomorrow, today.
By Christina Zweig Niehues | We each must decide what we can do, individually and collectively, to drive the kind of change we need.
Founding principal of PK Electrical (Reno, NV), a women-owned, small business electrical engineering and design firm founded in 1996.
By Jamie Claire Kiser | We’re using videoconferencing more than ever, but constant communication isn’t the same as effective communication.
By Will Swearingen | When considering a deferred compensation strategy for your ownership transition, keep these pros and cons in mind.
Founder of edg (New York, NY), a technology-driven firm that leverages the power of software and equipment to deliver higher quality projects in less time.
President and CEO of Ramey Kemp & Assoc. (Raleigh, NC), a transportation engineering, planning, and design firm founded in 1992.
If innovators find themselves on the wrong side of these rules, the law may deny them legal ownership of what should have been their intellectual property.
President of Schaefer Engineering, Inc. (Wentzville, MO), a firm founded on integrity with a commitment to provide quality professional forensic consulting services nationwide.
Chairman and CEO of Mabbett & Associates, Inc. (Bedford, MA), a verified Service-Disabled Veteran-Owned Small Business.
“There are many ways to ‘cook the books’ so they show certain results. Here are some typical problems that we see showing up in the financial statements of A/E firms.”
President and CEO of Westwood (Minneapolis, MN), a firm that’s been focused on enhancing communities with smart engineering for almost 50 years.
CEO of Sambatek (Minneapolis, MN), a professional services firm with an authentic culture that promotes openness, transparency, and trust.
ESOPs are becoming an increasingly common tool for succession planning among AEC firms.
Former president of CobbFendley (Houston, TX), a 530-person firm that is committed to providing innovative engineering solutions with the goal of bettering communities.
President and CEO of DBR (Houston, TX), a 150-person Texas firm that values communication and superior service above all.
President of R.E. Warner & Associates (Cleveland, OH), a 68-year-old full service, multi-discipline consulting firm that’s in growth mode.
Founders of HILGARTWILSON (Phoenix, AZ), an exemplary multidisciplinary firm that was formed in the middle of the Great Recession.
Considering a design project in the fledgling cannabis industry? Make sure your professional liability coverage won’t go up in smoke.
President of FSC, Inc., a surveying firm servicing oil and gas clients and private developers headquartered in Columbus, Texas.
President of Reaveley Engineers, a national structural engineering firm based in Salt Lake City, Utah.
CEO of TLC Engineering Solutions, an Orlando, Florida-based firm pushing its way into the future.
President of JCJ Architecture, a local, national, and global architecture, planning, and interior design firm based in Hartford, Connecticut.
President of Ampirical (Best Firm Multi-discipline #21 for 2018), a 200-person firm on the north shore of Lake Pontchartrain.
President and CEO of LACO (Best Firm Multi-discipline #46 for 2018), a California firm with a famously branded shirt.
When the veteran transportation engineer changed lanes from the public sector to a private firm, he used his blinker and stepped on the gas.
President and CEO of Hitchcock Design Group (Best Firm Architecture #7 for 2018), a 35-person landscape architecture firm headquartered in Naperville, Illinois.
President and CEO of RLG Consulting Engineers (Best Firm Structural #13 for 2018), a Dallas-based firm in business for 65 years.
President and CEO of Kleinschmidt (Best Firm #34 Multi-Discipline for 2018), a 140-person environmental consulting firm.
President of Bernardon (Hot Firm #39 for 2018), an 80-person architecture, interior design, and landscape architecture firm based in West Chester, Pennsylvania.
President, Choice One Engineering Corp. (Best Firm Civil #2 for 2018), a 45-person firm based in Dayton, Ohio. By Richard Massey Managing Editor “We had been planning for our transition for seven years, and though...
CEO & president of Bennett & Pless (Best Firm #11 Structural for 2018), a 50-person firm based in Atlanta, GA. By Liisa Andreassen Correspondent “ROI for investment in our business is far higher than any...
Founder of The Rock Brook Consulting Group, PA (Best Firm Multi-discipline #58 for 2018), a 48-person firm based in Monroe Township, NJ. By Liisa Andreassen Correspondent “We are always looking to improve our benefits,” DeMarco...
President and CEO of CALYX Engineers + Consultants (Hot Firm #26 for 2018), a 224-person firm based in Raleigh, North Carolina. By Liisa Andreassen Correspondent As president and CEO of CALYX, recently acquired by NV5,...
President and CEO of Ghafari (Hot Firm #54 for 2017), a 550-person multi-discipline firm based in Dearborn, Michigan. By Liisa Andreassen Correspondent “I would describe myself as a people person and am elated to see...
With the unequivocal success of this year’s Hot Firm & A/E Industry Awards Conference in Dallas, all eyes now turn to Las Vegas in 2019. By Richard Massey Editor Chad Clinehens, Zweig Group’s president and...
August 1, 2018 Available for Purchase: The Insider’s Guide to the State DOT Market for AEC Firms 2018-2021 FAYETTEVILLE, Ark. (Aug. 1, 2018) – Anchored by a 10-year, $5.3-billion transportation bill, Oregon, for the foreseeable...
If you lead an AEC firm, you have a lot of tough questions to ask yourself, and the answers aren’t always pretty. But ask and answer you must. In a romanticized view of the business...
This post first appeared as an article in The Zweig Letter, Issue 1223 Besides the fact that an external sale will typically provide the greatest financial return for A/E owners who want to transition out...
A lot of AEC firms might think they won’t qualify for the incentive, but with the increasing complexity of design, they should rethink the issue. Are you looking to be more competitive in an ever-changing...
President of Wakefield Beasley & Associates (Hot Firm #14 for 2016), a 165-person architectural design firm based in Alpharetta, Georgia. By Liisa Andreassen Correspondent “We are a fast-paced, high-performance company, and underperformers are detrimental to...
Valuation formulas are subject to many influences, so it helps to periodically test them out to make sure they yield accurate results. Many firms in the A/E industry are attracted to using a “valuation formula”...
Succession planning is tough, but if you put a plan in place and are careful to re-evaluate as circumstances change, you can succeed. Every privately-held/family-owned business can bank on a change in ownership and a...
Alternative collection methods at this time of year, even if it’s something radical, might come in handy if you need to ‘stock the cash coffers.’ As the last quarter of 2016 draws to a close,...
Bond issues, Trump spending could spell good year for AEC By Richard Massey Managing Editor While a three-person panel hosted by Engineering News-Record did not offer an outright prediction that construction would boom next year,...
As we move deeper into the final quarter of the year, now’s the time to look ahead to 2017’s backlog, pipeline, and cash flow. As we move deeper into the last quarter of fiscal 2016,...
If you want to achieve great things and have fun in the process, it’s best to foster a collaborative attitude. Review and approval processes vary greatly around our country, and two extremes are California and...
We’re down to the fourth quarter. It’s either been your best year ever – in which case you want it to end up as such – or it hasn’t been – and you have to...
At $746 million, the EPA’s lowball price tag for cleaning up the Portland Harbor Superfund site is ‘wishful thinking,’ according to one important critic. By Richard Massey Managing Editor The Environmental Protection Agency recently released...
Zweig Group’s 2016 Financial Performance Survey of Architecture, Engineering, Planning and Environmental Consulting Firms, released on August 19, 2016, is a comprehensive study of industry firms with nearly 100 financial ratios, indicators, and statistics. The...
With college debt at an all-time high and expected to increase, now’s the time to think about adding loan reduction as a benefit. Recruiting great talent takes skill, a little bit of luck, and some...
Leaders in the A/E/P and environmental consulting industry need to know their firm’s value. Many architecture, engineering, planning, and environmental consulting firm leaders don’t have a solid grasp on their firm’s value. But, if you’re...
New Guidebook is a Revision to 2007’s ‘M&A Cookbook’ Fayetteville, AR; December 8, 2015 — Zweig Group – the architectural, engineering, planning and environmental consulting industry’s go-to resource for insight and advice – has released...
By Jamie Claire Kiser, Director of M&A Services As experts in finding buyers and sellers for architecture, engineering, and environmental consulting firms, Zweig Group’s M&A team generally speaks with business owners at the inception of...
Mark Zweig lists some things he has learned about the A/E/P and environmental business over three decades. The end of August marked 34 full years working in the A/E/P and environmental consulting business. I have...
Mark Zweig contrasts five examples of individuals best avoided. It has been said before that you “can tell a lot about someone by the company they keep.” It is such a true statement! Successful people...
This article first appeared in The Zweig Letter (ISSN 1068-1310) Issue # 1002 Originally published 4/8/2013 There are many things you can’t control, but this one you can. Here are seven ways you can be...
Press Release: November 8, 2011 FAYETTEVILLE, Ark. (November 8, 2011) – Take cue Apple. Holding on to too much cash can be perilous for business enterprises, not the least design firms. An article in the...
By W. Hobson Hogan Principal, Investment Banking ZweigWhite Owners often ask me when is the best time to sell their firms. It’s a common question. The answer that they are seeking typically hinges on valuation...
By Tracey D. Jeffers Cash and accrual methods each have their pluses and minuses. Editor’s note: This is the second of a two-part series. In her first article (The Zweig Letter, Feb. 21, issue 899)...
1. Buy-Side Representation ZWEIGWHITE has been focused on business management services, research and information for architecture, engineering and environmental consulting firms since 1988. As such, we are uniquely qualified to find the right business(es) to...
Press Release: February 2 , 2011 FAYETTEVILLE, AR — Firms in the architecture, engineering, planning and environmental consulting sphere are joining the national chorus of opposition to a provision that would significantly boost tax-reporting requirements,...
It’s that time of year again. Time to dig out my crystal ball (I keep it in my sock drawer, in a pile of rarely worn argyles for safe keeping) so I can try to...
As 2006 winds down and planning gets underway for 2007, I frequently find myself being asked about what the top trends are for our industry that future-oriented leaders need to be aware of. Where do...
We’ve been at this business for some time now— and have worked with hundreds of A/E/P and environmental firms whose principals wanted to sell. Unfortunately, we can’t help all of them— just those who will...
As the economy inches its way toward improvement, we are seeing A/E/P and environmental firms rekindling their interest in merger and acquisition activities. In fact, it’s almost a mini-boom of activity that’s occurring right now....
It’s one of those certainties, like death and taxes. Managers are supposed to hold those who work for them accountable to reaching certain goals or achieving certain performance metrics. It sounds good to say, “I...
Antoine Nicholas Smith had just started feeling a little better. He’d survived some tough times recently and come out smelling like a rose. After 9/11, his firm, Jones and Stern, tanked. They were losing money,...
Every A/E/P or environmental firm finds it necessary to hire outside consultants at some point. Whether it’s simply to get tax advice or to plot out a new course for a growing firm, it’s inevitable....
These are the good old days for the A/E/P and environmental consulting business. Times are good. Firms are growing. Employment offers are going out weekly, daily, and in some cases, hourly. But did you ever...
Did you ever notice how some companies muddle along while others seem to keep advancing? What allows some firms to make so much more progress and to get so much more accomplished than others? It’s...
I am continually reminded of the bizarre sense of risk some principals in A/E/P and environmental firms have. I am talking about the obsession so many principals seem to have about extracting as much as...
We work for a lot of different firms in the A/E and environmental consulting industry. We talk to a lot of different professionals out there. What’s in and what’s out these days? Here’s our view:...
If I weren’t so optimistic, I could easily get discouraged. As an owner in a small, growing company, it seems that every time you make a buck, someone is there to take it away from...
This is the time of year many firms do their budgeting. Unfortunately, many of them make the budgeting process far more difficult than it has to be. Small firms may not know where to start...