EP 099 | Jamie Ivey’s Transition to Flat Fees

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About this Episode

It seems like everyone is switching from hourly fees to flat fees. Is it as easy as it sounds? Listen to Business Design member Jamie Ivey, who recently made the switch.

In this episode we learn:

  • perils of working with a flat fee vs. an hourly fee
  • too many projects may mean you are charging too little money
  • there are some advantages to working in commercial vs. residential when it comes to flat fees
  • condo lobbies can be a perfect place to test out your flat fee skills
  • only doing consultations is a great career choice for people who want to avoid a project management role

Take Aways

Start with Volume 3: Win the Flat Fee Game.


About Jamie Ivey

Jamie is a late bloomer to the world of design. With a degree in Industrial and Systems Engineering, Jamie worked for over 7 years as an IT consultant and project manager for consulting firms in New York City and Washington DC. Though quite successful, her passion for design finally took over and she made the choice to change careers. After graduating with an interior design degree from Virginia Tech, Jamie and her husband relocated to Southern California and worked on local and international luxury hospitality and high-end multi-family projects.

Jamie has now branched out on her own, creating Ivey Design Group, where she works on both commercial, multi-family, and high-end residential projects. She lives with her yacht designer husband, Trip and four-year-old son, Jack in Richmond, Virginia.

www.iveydesigngroup.com


Recommended Learning:

COURSE: Flat Fee Contract (exclusive to Premium Annual Members)

COURSE: Projects to Profits | Calculating Success

PODCAST: EP 006 | 3 Popular, but Lousy, Methods for Calculating Flat Fees


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Legal Disclosure | This podcast is for educational purposes only and should not be used for any legal decisions. Kimberley Seldon Design Group, Kimberley Seldon Productions Inc., Kimberley Seldon Design and Media, Inc., Business of Design, or any of its affiliated companies or staff is not responsible for any errors or omissions effecting accuracy in any content, and they will not be held liable for the use or misuse of information, facts, details or any other aspects should there arise any defects, errors, omissions or perhaps inaccuracies. Extensive research has been conducted to put this podcast together for the purpose of educating our industry in order to better serve the public. Care has been taken to acknowledge ownership of copyrighted material. The advice and strategies contained herein may not be suitable for every situation. This work is offered with the understanding that we do not render any legal, accounting or other professional advice. Seek the advice of a lawyer and/or other competent professional person in all matters of law. Further, listeners should be aware that internet websites mentioned may change or disappear between when this was recorded and when it was listened to.

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