Welcome back to the Interior Style Hunter Podcast and today on the show we welcome Nicola Pearson from Haines Watts to chat about pricing in design and all the intricacies and difficulties of this issue. Nicola is a charted accountant, has been a partner for the last thirteen years, and the core of her work at Haines Watts is around owner managers.
We start off our discussion by looking at the vague and confusing nature of pricing in the design field and how designers may go about pricing their work smartly and successfully. The chat covers contracts and fixed fees, working capital and professional advice and some of the tools and systems that can help designers get the most out of their work with the least pain and effort. After going through all the technical expertise that Nicola has to share, we delve into some of the more personal aspects with our guest. Nicola shares some of her inspiration and everyday wisdom from work and home, so stay tuned for that!
Key Points From This Episode:
Tweetables:
“People do need to be very aware of how they are pricing and also making sure what they are charging is covering their overheads.” — @nikipearson [0:03:36.3]
“Once you’ve got something standard that you can use time and time again it’s a good investment.” — @nikipearson [0:12:02.9]
“For us there is a huge choice out there in terms of accountants, lots of people who do what we do and I would say that goes for interior designers too.” — @nikipearson [0:29:37.6]
Links Mentioned in Today’s Episode:
Nicola Pearson on Linkedin — https://www.linkedin.com/in/nicola-pearson-aa368048
Haines Watts — https://www.hwca.com/
Nicola Pearson on Twitter — https://twitter.com/nikipearson
Xero — https://www.xero.com
FreeAgent — https://www.freeagent.com/
Receipt Bank — https://www.receipt-bank.com/
How to Be Happy — https://www.amazon.co.uk/How-Happy-unmissable-uplifting-bestseller/dp/0751568538