48 - How to Build Trust at Scale in a High-Touch Service Industry with Marilyn Moedinger

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨Join me, Nik ( https://x.com/CoFoundersNik ), as I talk with Marilyn Moedinger ( https://x.com/mwmoedinger ), an architect, consultant, and real estate entrepreneur. Marilyn shares her journey from architecture school to building her own practice, Runcible Studios, where she leverages her 20 years of industry experience to deliver unique value to her clients. We discuss the complexities of running an architecture business, managing client expectations, and the realities of cash flow in a service-based industry.Marilyn offers practical insights into navigating the legalities of architecture, the importance of creativity in business, and why architects should embrace their inner entrepreneur.Questions this Episode Answers:How can architects better manage their businesses and cash flow?What are the challenges of balancing creativity and business in architecture?How can consulting services enhance an architecture practice?Why is understanding the legal aspects of architecture crucial for success?___________________________Love it or hate it, I'd love your feedback.Please fill out this brief survey with your opinion or send me an email at [email protected] with your thoughts.___________________________Spotify: https://tinyurl.com/5avyu98yApple: https://tinyurl.com/bdxbr284YouTube: https://tinyurl.com/nikonomicsYT___________________________This week we covered:00:20 Marilyn's Diverse Career Path00:51 Early Passion for Architecture02:33 Educational Journey and Professional Qualifications07:31 Starting a Career During the Recession08:47 Transition to Entrepreneurship11:23 Role and Responsibilities of an Architect14:26 Architect and General Contractor Collaboration23:13 Project Cost and Liability Considerations26:52 Legal Challenges in Condo Development27:06 Understanding HOAs and Subdivisions27:23 Architects' Role in Subdivisions27:32 Exploring the Architect's Business27:56 Consulting Services and Client Interaction29:53 National and International Consulting33:04 Building Trust and Expanding Network35:38 Challenges in Architecture and Construction40:07 Marketing and Client Acquisition43:04 Future Vision and Business Growth46:39 Rapid Fire Questions and Final Thoughts