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Questions and Answers
Which form is used to declare the nature of the business for BIR registration?
Which form is used to declare the nature of the business for BIR registration?
What is included in operational expenses for a business?
What is included in operational expenses for a business?
What is a key component of branding?
What is a key component of branding?
Which phase is NOT part of the business development process?
Which phase is NOT part of the business development process?
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What is the purpose of a company’s vision, mission, and values?
What is the purpose of a company’s vision, mission, and values?
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Which of the following is NOT listed as a type of practice in architecture?
Which of the following is NOT listed as a type of practice in architecture?
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What type of marketing tool is related to creating awareness for an architectural firm?
What type of marketing tool is related to creating awareness for an architectural firm?
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Which of the following is NOT an operational cost for an architectural firm?
Which of the following is NOT an operational cost for an architectural firm?
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What is required for government compliance in the practice of architecture?
What is required for government compliance in the practice of architecture?
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Which of the following expenses is explicitly listed as an allowance for an architectural firm?
Which of the following expenses is explicitly listed as an allowance for an architectural firm?
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Which location is mentioned as a suitable office space for architects?
Which location is mentioned as a suitable office space for architects?
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Which of the following is a creative technical skill important for marketing architectural services?
Which of the following is a creative technical skill important for marketing architectural services?
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What regulatory compliance is needed related to acquiring a license in architecture?
What regulatory compliance is needed related to acquiring a license in architecture?
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Study Notes
Introduction to Business of Architecture
- Types of Practice: Sole Practice, Partnership, Corporation
- Location of the Office: Home Office, Commercial Space, Co-Working Space
- Office Equipment: This section outlines the essential office equipment needed for an architectural practice.
### Regulations and Government Compliances
- Business Registration: Obtaining a DTI Business Registration, Mayor’s Permit, and PCAB License (R.A. 4566) is essential for legal operation.
- BIR Registration: This involves crucial steps; submitting BIR Form 1901 for business nature, securing authorization for receipts/invoices with BIR Form 1906/1921, obtaining the Certificate of Registration (BIR 2303), and completing the Payment Form (BIR Form 0605).
Operational Expenses
- Key expenses include utilities (electricity/water), communication (phone/internet), office rental costs, travel allowance, office supplies, printer costs, and staff salaries.
Marketing Tools
- Standard Marketing Tools: Business Cards, Signage, Letterhead, Standard of Professional Fee.
- Operational Cost Tools: Overhead Fee, Architect's Fee, Expenses.
Marketing Architectural Services
- Marketing Defined: Involves bringing new business to a firm to sustain and grow its practice.
- Creative Technical Skills for Marketing: Key aspects include convincing prospective clients, firm creativity, problem-solving creativity, attention to detail, and passion for the project.
- Different Levels of Communication: This includes class identification, selection/purchase decisions, competitive preferences, and the image of the profession.
How to Market Architectural Services
- Tools & Strategies: Logo, Slogan, Public Relation Communication, Social Media & Communication, Website Content, Social Tools, Media Relations, and getting published.
Branding
- Importance of Branding: It helps distinguish a firm from others.
- Branding Includes: Firm Name and Company Logo.
Business Development Process
- Key Steps: Market Research (analyzing 4 phases of life expectancy: development, growth, maturity, decline), identifying commissioning entities, gathering information (bird-dogging), strategy research, courting potential clients, paperwork communication, personal interviews, and closing the deal.
Firm's Name
- Suggested Options: Multiple Proper Names, a Signature Name of the Architect/Company Founder, or a name unrelated to a person.
Vision, Mission, and Values
- These represent the heart of any company's strategic plan.
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Description
This quiz covers essential aspects of running an architectural practice, including business types, office locations, and required equipment. It also delves into key regulations and compliance such as business and BIR registration. Additionally, it addresses operational expenses and marketing tools crucial for success in the architectural field.
