The Franchise Informant | FAQ’s About Starting an NPI Franchise

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FAQ’s About Starting an NPI Franchise

FAQ’S ABOUT STARTING AN NPI FRANCHISE
 August 3, 2021 |  Business Tips, Franchise |  entrepreneur, inspection industry, small business

By Shauna Nilsen, NPI, Inc.'s Recruitment Coordinator

If you want to become your own boss and take control of your schedule, starting a home inspection franchise could be for you! As a franchisee with National Property Inspections, Inc., you get to run your business how you want and join the entrepreneur sector. But you might have some questions before you begin.

“Do I need a construction or technical background?”
A common misconception about becoming a home inspector is that you already need years of training and experience in the industry before you can start. However, you don’t have to already be a professional to join! When you become part of the NPI team, we give you the training and knowledge you need to be a successful inspector. Our extensive, hands-on training covers the essentials to give you confidence as an inspector and business owner. And your education doesn’t end when you leave training!

“How can I pay for a franchise?”
There are several options you have when it comes to financing your NPI franchise. Traditional bank loans are a great place to start, and are relatively easy to apply for. The Small Business Loan Program or SBA in the U.S. is another good option. SBAs do tend to come with more conditions, but can be worth your while. A Home Equity Line of Credit (HELOC) is better utilized for when the economy is stable and works similarly to a credit card. Lastly, you can leverage your 401k with the help of a financial advisor. 

(Note: National Property Inspections, Inc. isn’t a lender or financial advisor, so we recommend doing your research to find the lending option that’s right for you.)

“I’m still working right now. How do I transition careers?”
We understand that it’s a delicate process if you’re trying to transition from your current job to your franchise. Most likely if you’re thinking about beginning a new business venture, you have an exit strategy laid out. Before you walk out the door, notify your current employer of when you plan to leave. This will help you avoid any friction or confusion on your last day. Since it may take some time before you’re fully up and running as a franchise, saving money is very important. You can start a business savings account that’ll cover some initial expenses, and you can use it with whichever way you decide to pay for your franchise.

“How much control do I have with my franchise?”
While there are certain standards of practice you’ll need to follow as a franchisee, you’re ultimately in the driver’s seat! You can curate your marketing strategy and growth plan in the way that makes the most sense for you. And we’re more than happy to assist you in navigating your plan!

“Will I be alone?”
Perhaps the best part about franchising with NPI is that you’re never on your own! While you’ll be out marketing and making connections, you have a whole team behind you. You’ll receive one-on-one coaching to help you become a more confident and well-rounded business owner. If you ever have questions about something you come across in the field, our staff at the home office will work with you to find a solution. Plus, you’ll receive access to our extensive network of inspectors throughout the U.S. and Canada that you can reach out to whenever you need!

“How do I get started?”
Great question! If you’re ready to take the next step in your life, we’re excited to take it with you. For more information on what franchising with NPI is like, request a free info packet here. You can also reach out to our Recruitment Coordinator, Shauna Nilsen. We hope to hear from you soon!

 

About the Author
Shauna Nilsen, Recruitment Coordinator
Shauna has 12 years experience in research and development of policies and procedures, and training manuals. She started at NPI in our National Accounts department, assisting with placement and follow-up of all inspection orders and invoicing. Shauna now works with NPI's Director of Recruitment to onboard new NPI and GPI franchisees.


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