Evolution of practice: proven ways to consolidate a practice's early success

Is the evolution of a practice strategic or one big risky and opportunistic adventure? Most practices have to navigate a series of thresholds as they grow and develop. Some are practical – starting up, taking on a first employee, creating systems – and others more ephemeral, to do with reputation and identity – how to arrive, stay relevant, survive succession. Intrigued by the varying success practices have in negotiating these moments, Emma Keyte and I have interviewed nearly fifty practices over the past 18 months, to discover how taking full advantage of each turning point can help to set a practice’s trajectory towards the next.

We wrote up this research as a series of articles for the RIBA Journal which were illustrated by our friends at McCloy + Muchemwa. The second in the series looked at what for many – is a tricky middle ground as their practice matures. While there’s much to gain from growth and experience, there’s also much to lose. To many onlookers, a mature practice lacks the novelty of an emergent one, so how do you stay relevant when your practice has once been perceived as cutting edge? Read the full piece here

Previous
Previous

Imagine having easy access to a really rich source of new business

Next
Next

Banking on first success: establishing and evolving a practice