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Two Weeks’ Notice: Making the Leap from Employee to Business Owner

TWO WEEKS’ NOTICE: MAKING THE LEAP FROM EMPLOYEE TO BUSINESS OWNER
 October 5, 2021 |  Business Tips, Franchise |  inspection industry, small business, entrepreneur, money management

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

Going from your current job to starting your own NPI franchise is both an exciting and delicate process. If you’ve thought about making the leap to being your own boss, you may have a rough draft of your exit strategy already. But there are certain steps that you should include to make sure you cover all your bases before you leave. Here’s what you need to know.

Begin to save money to supplement your income.
In the months leading up to your departure, start setting aside funds in a business savings account. It’ll take a bit before your new business is fully up and running, and there’ll be some costs you’ll incur as well. You want to be sure that you’re covered and able to support yourself until your franchise becomes your main income source. Creating a budget and a billing schedule will help you save smarter. Figure out what you already spend on, what the essentials are, what you could possibly cut down on for a short time, and what’s left over to stretch your income even further. You should also discuss with your financial planner how you can save without putting yourself in a tight spot.

Keep a countdown and checklist until your final day.
It can get a little hectic the closer you get to your final day of work. Time flies, and you don’t want to forget to do something important. Keep track of everything you have left with a calendar, and make notes of your tasks. A few items to put on your to-do list are: 

  • Notifying your current employer of your exit.
  • Training your replacement. 
  • Scheduling out tasks for your last day of work. 

If you’re moving to a new location, plan out what needs packed and your moving day strategy. If you want to get a head start on your home inspector education, you can pick up study materials for the National Exam.

Tell your boss about your plan.
When you’re fully ready to leave your job and start your entrepreneurial adventure, let the right parties know. Upper-level management, team members, and any other appropriate co-workers should be notified of when you’re leaving. Give them enough time to plan and to avoid any negative interactions. While you can notify them via email, it’s more favorable to do it in person. This will let you answer any questions they may have and help clear up your decision to move on to a new career.

Leave on a good note.
Overall, you want to do your best to leave your job without friction. If they ask you to train your replacement, do so to make the transition as seamless as possible. Continue to do a good job on whatever projects you may have to help your team. You can also write a thank-you note as a show of good faith when you leave.

We can’t wait for you to join our team!
If you have questions before you join the NPI team, here are some FAQs. Feel free to also reach out to our Recruitment Coordinator, Shauna Nilsen, or request a free info packet. 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 leads NPI's Recruitment Department to onboard new NPI and GPI franchisees.


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