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55: Process Party Part 8 - Setting Budgets

55: Process Party Part 8 - Setting Budgets

FromHot Young Designers Club | Interior Design Business Podcast


55: Process Party Part 8 - Setting Budgets

FromHot Young Designers Club | Interior Design Business Podcast

ratings:
Length:
48 minutes
Released:
Aug 6, 2021
Format:
Podcast episode

Description

In Part 8 of our Process Party series we're breaking down how we set budget expectations with our clients. Whether it's furnishing our remodeling projects, we have to set proper expectations early. Because money isn't just part of the conversation - it is the conversation! Head to our show notes for details on how to download our free HYDC Client Budgeting Guide.
 
Questions/comments? Email us at https://mailto:hello@hotyoungdesignersclub.com (hello@hotyoungdesignersclub.com)
Follow Rebecca
http://www.instagram.com/studioplumb (Instagram) + http://www.studioplumb.com/ (Website)
 
Follow Shaun
http://www.instagram.com/wrenstedinteriors (Instagram) + http://www.wrenstedinteriors.com/ (Website)
Stuff they mentioned:
We're continuing our Summer Skip Schedule to publish new episodes every other week
We would love to take a Summer sourcing trip to France or Morocco
Rebecca is worried about everything she needs to accomplish before her Hawaiian vacation
Shaun's vacation plans for Provincetown, MA didn't come together, stay tuned for other vacation plans.
Shaun's loving https://www.carolinairvingtextiles.com/almaty-velvet (Carolina Irving's Almaty Velvet fabric)
We want to be good stewards of our clients' money and where it makes sense for their budgets to be spent
Listen back to https://player.captivate.fm/episode/50acf0ae-6d87-4e02-87f2-4cc5053dca48 (Episode 44 Process Party: Furniture Education) when we started these budget conversations
In our interview with https://player.captivate.fm/episode/969bd7d5-0fb4-4f61-91b0-9ea88ed2fd63 (Jacob Medina in Episode 26), he talked about using a Good/Better/Best model with clients to establish budget expectations.
We need to move past our own money stories and emotional hangups to be the best advocates for our clients
Shaun has found it helpful to use the https://www.remodeling.hw.net/cost-vs-value/2021/ (National Home Remodeling Guide) to help clients understand costs of remodeling or construction projects
These honest conversations help establish our credibility as trusted advisors for our clients
Shaun also implemented a minimum furnishing and accessory budget along with construction projects as a way to create a more sustainable business.
Head to our https://hotyoungdesignersclub.com/resources (Resources) Page to download the free PDF of our Client Budgeting Guide.
Released:
Aug 6, 2021
Format:
Podcast episode

Titles in the series (100)

They're not that hot, or that young - but hosts Rebecca Plumb (Studio Plumb) and Shaun Crha (Wrensted Interiors) spill the tea every week on how a new generation of interior designers run their business. Join a community exploring the emotional, practical, and humorous side of the interior design business.