EP 320 | Profit Per Project for Interior Designers with Julia Nikishina

April 18, 2023

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Do you know which of your interior design projects are actually profitable?

In this episode, Kimberley Seldon is joined by Julia Nikishina to break down one of the most important metrics in your business: profit per project. Without clear visibility into your numbers, it’s impossible to make confident decisions about pricing, sourcing, or growth.

Whether you charge hourly or flat fees, understanding where your time and money go on each project will help you refine your process, improve margins, and build a more sustainable design business.

If you want to take control of your profitability, this episode is a must-listen.

What you’ll learn in this episode:

• Why profit per project must be measured in both product and design time
• How time tracking validates (or challenges) your pricing structure
• Why every team member has a real cost that must be accounted for
• How to evaluate both fixed-fee and hourly projects for true profitability
• The importance of tracking billable and non-billable hours
• How understanding your numbers leads to smarter business decisions

 

DESIGN INTERVENTION

If you aren’t growing, you are shrinking.

About Julia Nikishina

An immigrant, originally from Ukraine, Julia knows what it means to work hard and has been providing personalized tax planning services since starting the firm, always seeking to ensure the success of her clients. With a background and degree in finance from American University, Julia enjoys working with clients to help them navigate all aspects of their business accounting.

www.newagefinancialconsulting.com

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Legal Disclosure | This podcast is for educational purposes only and provides general business advice for interior designers and design professionals. It is not intended as individual legal, accounting, or professional guidance. Kimberley Seldon and Business of Design® make no guarantees regarding accuracy and are not liable for how information is used. Strategies shared may not apply to every situation—listeners should seek qualified legal, financial, or professional advice before making business decisions. References and resources mentioned may change over time.

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