12 May Building Ingenuity Named Finalists in Architecture Business Plan Competition
Victor Caban-Diaz is exploring business models not previously used in architecture
FORT LAUDERDALE – May 5, 2016: Building Ingenuity, developed by Victor Caban-Diaz, a Fort Lauderdale, FL based Architect and a finalist in Charrette Venture Group’s Architecture Business Plan Competition, redefines the way architects practice. It gives leverage back to architects, gets architects involved in development, and explores business models not previously used in the architecture profession.
Inspired by previous direct-selling experience with Amway, Caban-Diaz wants to apply the mentorship aspect to architecture. His model provides incentives for colleagues to help fellow architects, which he feels the architecture industry is lacking.
Caban-Diaz says, “I think that every architect is a little micro economy of relationships, profits and fees that you can benefit from instead of letting them walk out the door and start their own firm. Why not invest in that person? So that’s part of my business model.”
Participating in the competition gave Caban-Diaz a much-loved deadline, from which he thrives. “It kind of just forced me to do my business plan and do it in a timely fashion, which, if I didn’t have the competition I’d probably lollygag with it and do it whenever,” he expressed.
Deadlines and time crunches seem to be a common theme and appreciated perk of the architecture industry, as Caban-Diaz is not the first finalist to mention the thrill of a deadline.
According to Matt Ostanik, Founder of Charrette Venture Group and organizer of the Architecture Business Plan Competition: “In the technology world, there is an overwhelming supply of resources to help new and growing companies. There are constant business plan competitions, pitch sessions, incubator programs, mentor circles, research, etc. etc. However, in the design space there is very little to aid for these entrepreneurs. The ultimate goal of Charrette Venture Group is to serve as an investment firm that helps growing design firms.”
With or without a deadline, Caban-Diaz encourages everyone to not be afraid of making mistakes. “It’s always very scary to basically go out on a ledge and try something, but I think that’s the best way to learn.” And why not learn with the helping hand of a mentor?
Building Ingenuity is all about helping other architects succeed and learn from other’s experiences. He explained, “Building Ingenuity is going to empower architects to create wealth and to have more control of the design and to actually enjoy their careers from the beginning and not just when they get their license and now they can start designing. That’s my intention, is to create a profession that’s something you can love and make wealth from.”
About Architecture Business Plan Competition: The Architecture Business Plan Competition is an annual event organized by Charrette Venture Group that recognizes entrepreneurial architects that have developed a thoughtful plan for fulfilling their dreams. The competition is open to registered Architects in the United States and Canada who are considering starting a design firm, or who have started a firm in the past ten years. In 2016, the winners of the 3rd annual event will receive more than $15,000 in cash and prizes. Final presentations and judging for the 2016 Architecture Business Plan Competition will take place May 18th and 19th in Philadelphia.
About Building Ingenuity: Building Ingenuity is the Fort Lauderdale, Florida-based brainchild of Victor Caban-Diaz, AIA. Building Ingenuity will be an architect-centric “Invest-Build-Own” company that will leverage the power of social media, crowdfunding, education, and franchising to offer services worldwide.
The focal point of Building Ingenuity will be the ability to offer a greater ROI by executing cutting-edge building projects for less through the ingenuity of Master Builders, who leverage technology, research, and mass production. Building Ingenuity will set the stage for a new way of doing business in architecture by establishing a hybrid income generation structure where architects earn from service fees and passive revenue from real estate assets.
Building Ingenuity will be recognized as a franchise opportunity for architects to fulfill their design passions, build passive wealth, and live a better lifestyle.
About Charrette Venture Group: Charrette Venture Group is a global venture firm based in Des Moines, Iowa, whose ultimate goal is to serve as an investment firm that helps growing design firms. Investments can be in the form of capital, or they can be technology, mentoring and business advice, marketing and business development support, or other expertise and resources. They seek to be a long-term partner who takes a stake in both the risk and the reward of the firm’s success. Charrette Venture Group seeks to positively impact the way new and growing design firms operate throughout the world.