Title: Examine business practices and procedures used in the interior design industry.
Course: Interior Design II (19263-II) > Section: Examining Professional Practices

Examination may include

- types of business structures (e.g., sole proprietorship, partnership, joint venture, limited liability corporation [LLC])
- business roles (e.g., principal designer, associate designer, design assistant, project manager)
- billing procedures and fee structures
- customer service
- business communication
- receiving, inspection, and inventory procedures
- accounting and taxes
- insurance requirements
- outsourcing
- use of to-the-trade vendors, understanding of net payment terms (e.g., “1%/10 net 30”) and manufacturer suggested retail price (MSRP).

Process/Skill Questions:

Thinking

- What are the advantages and disadvantages of each type of business structure?
- What responsibilities fall under each role in an interior design business?
- What is the difference between a policy and a procedure?

Communication

- How does one assess business practices in the interior design industry?
- What problems might arise from a lack of communication in an interior design business?
- What communication skills are necessary when working with clients?

Leadership

- How does a professional achieve a leadership role in an interior design business?
- What qualities make a strong leader in an interior design business?

Management

- What resources are available to help develop business practices and procedures for an interior design business?
- What management qualities are necessary on an interior design project site?
- What are some relationships that must be managed within an interior design business structure?