Tag: entrepreneur

Entrepreneurship 101: How to Hire Right the First Time

July 19, 2022

To see continued growth and development in your business, you may consider growing your team. To ensure that you’re hiring the best individuals for your needs, here are three crucial questions to ask during the interview process. What to Ask: What do you know about the company? What Their Answer Reveals: This question is one of the most telling regarding whether the applicant has done their research on NPI. If the applicant knows nothing about the company, or provides incorrect information regarding NPI, it’s a no go! What to Ask: What about inspection interests you? What Their Answer Reveals: Answering this question correctly is very important in this industry, as it’s essential to look for people pursuing this position for career purposes rather than just a regular job. Those who are not able to provide a clear answer to this question should set off alarms for you. What to Ask: When would you be able to start? What Their Answer Reveals: If the applicant implies that they can start right away with little to no regard for their current employer, it’s another red flag. At minimum, a two weeks’ notice should be provided. After all, how you get them is

Entrepreneurship 101: How to be an Effective Leader

July 12, 2022

As a National Property Inspections franchise owner, you’re so much more than just an inspector. You’re an office manager, a marketing coordinator, an accountant, a boss, a mentor, and a teacher—just to name a few. In our Entrepreneurship 101 series, we’ll cover leadership traits and tips specific to running a successful inspection empire. As part of a national network, your resources as an NPI inspector are plentiful, and we’re excited to share what we’ve learned about effective leadership in our industry. Lead By ExampleAlthough it may sound cliché, it’s important to align your business goals with your mindset. Even if you’re currently a one-man show and don’t have plans to hire in the near future, getting into a leadership mindset will help you elevate your thinking to that of a boss. After all, being a leader is not about being front and center. True leadership comes in the form of behind-the-scenes hard work and dedication. To be successful in your business, it’s vital to have goals set for where you want to see yourself in the next year, along with a plan of action for how you hope to achieve your goals. In the pursuit of your goals, it’s helpful

Make Your Money Work for You: Tax Deductions & Incentives

July 6, 2022

To be successful in business it has always been said that you need to spend money to make money. In truth, to be profitable in the business world, it’s about making the money you acquire work for you. To make your money work for you, it’s important to understand the nature of tax deductions and incentives, as this is key to getting from where you are to where you want to be financially. At this point, it’s essential to note that these suggestions may be different from state to state. To get a complete scope of the tax deduction process, please consult your local financial adviser or tax preparer. Business Expenses When you’re just starting out in this business, it’s easy to become overwhelmed by the pressure to succeed. You may be questioning how you are going to pay for all the newly associated costs of running a business, but if you’re savvy, you know how to structure your money to be both effective and efficient. As a business owner, you can write off most expenses if you’re careful in doing so (i.e., keeping records of business expenses through immaculate management of receipts and proper tax forms). The first tax

7 Tips to Lower Your Stress

March 22, 2022

By Kimberly Stevens, NPI, Inc.’s Marketing Coach Dealing with the everyday challenges of running your own business can result in high stress levels. In order to keep yourself and your business healthy, you should always be actively trying to reduce your stress. Here are some ways you can keep your cool as you operate your business. Figure out what’s stressing you. The first step in treating your stress is identifying what’s making you feel overwhelmed. Take a step back and look at everything you have to deal with in a day. Make a note of everything that makes you feel like you’re stretched thin. Knowing what’s causing your stress will help you develop better techniques to deal with it. You might even start to feel more relaxed just by pinpointing your stressors. Build a more solid schedule. It may be easier said than done to create a concrete schedule as an entrepreneur. You could have a client schedule a meeting last minute or maybe that “quick” project ends up taking longer than you thought. While you can’t predict the unexpected, developing a schedule around your typical day will help manage your stress. If you find it hard to nail down

The Hidden Benefits of Starting Your Own Business

February 22, 2022

By Sammi Marcellus, NPI, Inc.’s Recruitment Coordinator There are many clear incentives to starting your own business. More free time, no pressure from a boss, and being able to make more money are just a few of the benefits that attract people the most. But there are other pros to venturing out on your own as well. Here are some of the added benefits to running your own business. Build your own self confidence. You may find that as you start to grow your business, you’ll also start growing as a person. You’ll have to break out of your comfort zone a bit and strengthen your belief in your own abilities. It’s easy to doubt if you’ll be successful, but the more you improve, the bigger boost you’ll give yourself. Soon you might notice that speaking to new people or trying new strategies isn’t as scary as before. Your clients will also notice how confident you are, and they’ll be impressed by it! Make new connections. Going on your own sometimes means leaving your old social circles. But that’s not always a bad thing. Soon, you’ll start meeting new people, whether they be clients or fellow business owners. Building a

Gearing Up for Tax Season

February 1, 2022

By David Stamper, NPI, Inc.’s President & CFO As we head into February, we move one step closer to that all important time of year– tax season. If you let out a small groan every time you hear those words, you certainly aren’t alone. It can be a headache to file taxes and be sure that you do it correctly. A small mistake or simply not getting your return in on time could cost you. Nearly 10 million people each year incorrectly file their income tax form. To avoid being one of that group and paying fines, get a head start! Know Deadlines To avoid panicking at the last minute and trying to get your taxes in order, make sure you know when you have to file. The dates will vary depending on your business structure and if you use the calendar or fiscal year. In the U.S.: For more information on your state’s tax deadline, check their tax division website here. In Canada: More information about Canada’s tax deadlines can be found on the government website. Keep Your Receipts Being a business owner means you’ll now incur a variety of expenses. Travel, tools, and additional training are all purchases

Another Dollar: How to Save Money While Growing Your Business

January 18, 2022

By David Stamper, NPI, Inc.’s President & CFO Correctly managing your finances is necessary to be a successful business owner, yet it isn’t always the easiest thing to do. Close to 80 percent of entrepreneurs fail due to poor money management. If you’ve never owned your own business before, you might have a million questions about how much to save and what’s the best use of your money. Luckily, you can get things sorted out with a few tips. Common signs you have a money problem. Figuring out that you’ve got a problem with your accounting will help you know the right steps to take. You’ll know right away when you run into a cash flow issue. If you’re struggling to pay for your expenses and finding that you’re dipping into your savings, you’re probably hemorrhaging cash faster than is sustainable. When you first start out, you might not turn a major profit as you get set up. But the important thing is to not let yourself get behind in accounting for every dollar that comes in and goes out. Don’t try to outrun your spending. At first, the simple solution to not having enough money coming in is trying

Business Resolutions for 2022

January 11, 2022

By Kimberly Stevens, NPI Inc.’s Marketing Coach As we enter a new year, we look forward to new opportunities. About a quarter of people make a resolution to improve themselves in the new year. However, less than ten percent of those individuals will actually follow through on their goals. Here are some simple resolutions you can make as an entrepreneur to grow yourself and your business! Keep Learning One trait that every successful business owner has in common is that they never stop being a student. You can always find new ways to better yourself and make your business operate more effectively. This year, make it a habit to continue your education. This can be in the form of attending conferences, talking to fellow inspectors, and following news updates. Listening to audiobooks or podcasts is another easy way to get useful information. You can play them all day in your car through your phone! Clean Your Email List Email marketing is a highly effective way to stay in contact with your customers and reach out to new ones. But if you haven’t updated your mailing list in a while, you might not be seeing the results you want. Kickoff 2022

Pricing Your Services the Right Way

December 14, 2021

By Kimberly Stevens, NPI, Inc.’s Marketing Coach Finding the right price for the services you provide can be pretty tricky. Set them too high, and your customers will look elsewhere. But price them too low, and you might find it hard to break even. If you’re a new business owner, you might be stuck in a gray area about the best way to set prices. Research is Your Best Friend The best way to figure out what’s a reasonable amount to charge is to check out other businesses near you. Look at their websites and see if they have their pricing listed. You can also look at what other services they add and any deals they offer. Just a little bit of leg work will prove to be valuable as you get up and running. Flat Rate by Square Footage One of the common pricing strategies among inspectors is a set dollar amount based on the property’s size. This system is mainly used for residential properties that aren’t as extensive as larger commercial jobs. You can start at the lowest size you commonly inspect and increase by a certain range to the largest. This helps ensure that you’ll get paid

Tips to Streamline Your Report Writing

November 30, 2021

By Jon McCreath, Technical Supervisor & Training Administrator Every small business owner knows that time is one of your most valuable assets. The more time you have and the more effectively you use it, the bigger you can grow. For inspectors, one task that can eat up most of your day is putting together your final report. If you find yourself staying up late into the night to finish reports, you may need to rethink your process. Fast vs. Fine-Tuned First and foremost, it’s important that we differentiate between rushing a report and finding beneficial shortcuts. Remember that as an inspector, your report is your safeguard from liability. A quality report keeps you protected from possible repercussions and maintains your reputation. If you begin to rush through things for the sake of saving a few hours, it can come back to bite you. As a new inspector, it might take a while before you start seeing a difference in your writing time. That’s OK! It’s best to get comfortable first, and then you gradually start smoothing things out. Before the Inspection Saving yourself time on the job starts before you even show up at the inspection. When you book an

6 Traits To Look For When Hiring A Marketer

November 21, 2023

By Kimberly Stevens, NPI, Inc.’s Marketing & Business Coach Entrepreneurs tend to start off their business solo, or if they’re lucky, they can tap into spouses or family members for help. Eventually, as business picks up and they begin to struggle to keep up with the demand, marketing efforts tend to be some of the first activities that begin to fall off. This situation isn’t all bad, of course! But once a business pulls back on marketing, that inevitably means that they’ll end up missing out on opportunities for further growth – leaving work either on the table for the competition, or leaving would-be clients’ needs unmet. Of course, business owners aren’t simply doomed to fall into this trap! They have options: first, to allow software to take marketing efforts off their hands, such as through scheduled social media posting, recurring email campaigns, or automated review gathering. Once these routes have been explored, though, it’s time to face the facts. It’s time for some extra help. Inviting a new voice into a small business can be incredibly exciting, and somewhat terrifying at the same time. After all, a bad hire could result in a time, effort, and money investment loss

5 Cost Effective Marketing Strategies For Small Businesses

November 14, 2023

By Sydney Bailey, NPI, Inc.’s Marketing Director Seasoned business owners know that every industry experiences ebbs and flows. There are times when the phones are constantly ringing and the calendar is packed. On the flip side, there are stretches where work is more scarce. It’s often during the slow seasons where cutting back on expenditures is a natural impulse, but business owners should be careful not to handicap their marketing efforts. Marketing is critical for reaching new clients and keeping your business top-of-mind for your established referral sources, so you should be hesitant to cut your marketing spend when business is down. With that said, there are ways you can be more intentional with your marketing budget. If you find yourself limited on funds, here are a few cost-effective marketing strategies worth exploring. Refine Your Communication SkillsStanding out from your competition is critical when business slows down. For some owners, explaining to prospective clients exactly what sets their business apart can be difficult. While effective marketing and networking can make your phone ring, it won’t do much good if the person answering the call doesn’t conduct themselves with enough confidence to actually book the job. With this in mind, business

Key Steps For Managing Your Work Vehicle As A Home Inspector

November 7, 2023

By Jon McCreath, NPI, Inc.’s Technical Supervisor & Training Administrator When imagining life as a home inspector, naturally one’s mind jumps to the on-site experience of gathering photos of a house’s interior and landscape, as well as maybe climbing onto a roof or roaming through a crawl space. What people who haven’t actually been a home inspector may not realize is that a surprisingly large amount of our time is actually spent in the car, traveling between locations, especially if you’re an inspector that serves a larger or mostly rural region. Keeping your work vehicle looking sharp and in working order is crucial to running a professional, successful property inspection business. Although you may have a great system already in place, here are a few reminders about how to take care of your mobile property inspections headquarters! The Importance of Vehicle MaintenanceKeeping a consistent routine of vehicle maintenance and servicing appointments scheduled should be a normal piece of your business’s expenses each year. While it may seem obvious, if an inspector’s vehicle breaks down or is delayed on the way to a job, their entire day’s schedule could be thrown off. Emergencies happen, of course, but changing plans at the

Marketing Insights: The Importance of Finding Your Audience

October 31, 2023

By Zach Vesper, NPI, Inc.’s Senior SEO & Marketing Strategist Any experienced marketer, when speaking about how to grow a business and reach long-term goals, will preach on how important it is for a business to find its audience. For many business owners, this might sound a little strange. After all, shouldn’t entrepreneurs be looking to find as many clients or customers as possible in order to convert on leads and maximize their sales? Of course this is true! But this doesn’t mean that the best marketing strategy is to speak to everyone all at once. Imagine you’re making a speech in a massive auditorium. For most people, the more people there, the more difficult it will be to capture everyone’s attention. If too many people are there, the audience further in the back will struggle to see you, and even the most expensive sound equipment will start to fail, leaving your message completely unheard to many. In the same way, marketing to a massive audience tends to be expensive, and a business that chooses to market in this manner can often see their message lost, becoming indiscernible as it competes with too many other businesses for attention. Instead of

Got Your Six: The Veteran’s Guide To Re-Entering The Workforce

October 24, 2023

By Sammi Marcellus, NPI, Inc.’s Recruitment Coordinator Enlisting in the military is a great opportunity for many to learn practical, real-world skills, all while serving their country. With that said, many struggle with making the move from the structure that military life provides, to the seemingly chaotic nature of being a civilian. Finding a career that’s fulfilling while also featuring these same benefits of a position in the military can be a tough ask, but that doesn’t mean veterans should be caught with application paralysis. Veterans looking to find a good job fit for themselves should recognize their strengths and the challenge ahead. To move forward with confidence, here are just a few notes to consider when pursuing the next chapter. Acclimate to Civilian LifeOne major struggle that Veterans experience upon transitioning away from the military is their daily schedule. In the military everyone has a specific job and their days are planned out extensively for them, which frees them up to focus solely on their duties rather and reduces the need for self-management. In the majority of civilian workplace settings, this strict schedule is gone, which can be jarring for many to adapt to. Veterans should decide early on

How Celebrating Holidays on Social Media Can Benefit Your Business

October 17, 2023

By Stepha Vesper, NPI, Inc.’s Senior Marketing Communications Strategist As your business grows, building an audience online can quickly become a strong stream for new leads and an opportunity to set yourself apart from your competition. In our previous article discussing how to use pictures to boost engagement on social media, we talked about how varied content is important for businesses that want to improve their performance online. While this is a great goal in theory, coming up with a consistent stream of unique content is tough. That’s why if you haven’t jumped onto the holiday post train yet, now is the time to start! Holiday posts are a great way to capitalize on current events in a way that breaks up your regular social media schedule. For some extra inspiration before the holiday season really kicks into gear, here are some things to consider when it comes to posting during the holidays! Choose Which Holidays to HighlightCapitalizing on a holiday on social media isn’t as simple as looking at the next one on the calendar and making a graphic to accompany it. Ideally, owners and social media managers should take some time to think about why their business has

Tips for Delivering a Bad Inspection Report

October 10, 2023

By Jon McCreath, NPI, Inc.’s Technical Supervisor & Training Administrator There’s a reason why “don’t kill the messenger” is such a commonly repeated phrase. Delivering bad news is a tough position to be in, especially when someone is caught blind-sided by the message. Even though you may have not been the cause of the situation, you were the one that disrupted the status quo. Whether fair or not, the one that delivers bad news often becomes the villain, and no one wants to be the villain. Home inspectors are frequently caught in the awkward position of needing to deliver information that clients probably don’t want to hear. The truth of the matter is that issues and defects in homes would exist whether the inspector discovered them or not. It’s only through a thorough home inspection that buyers can make their biggest investment with confidence. For property inspectors, delivering bad news in a calm and courteous manner is a skill worth building. Start by setting the right expectations. Don’t Hide from the ReportMany negative reactions from clients can be curbed through establishing a proper understanding before the inspection even begins. Inspectors know very well that no home is perfect, but sellers

Getting the Most Out of Networking Events

October 3, 2023

By Kimberly Stevens, NPI, Inc.’s Marketing & Business Coach There’s a lot that goes into growing a small business, between learning the industry, making smart connections, and keeping up with the newest innovations. Naturally, this means that networking events can be a valuable opportunity for entrepreneurs to get their foot in the door and truly elevate their business. Any time a business owner can get themselves into a room where they are surrounded by other like-minded industry professionals, they have a chance to learn new strategies and techniques that can take their business plan to the next level. Unfortunately, many find networking events to be lacking as they struggle to make meaningful connections. Whether spending time at a convention, giving a presentation, or attending some other industry event, sometimes it can be tough to see immediate returns on your time and energy. If you’re looking for some strategies on how to capitalize best on networking events, give this process a try! In so many ways, successful businesses are built on relationships. Here’s how you can more reliably make a good first impression. Take Some Time to PrepareAs with most things, good preparation is the best way to set yourself up

How to Prepare Your Business for Your Vacation

September 26, 2023

By Michael Trimble, NPI, Inc.’s Content Marketing Coordinator Small business owners take so much pride in their work, it can be hard to take even a short break. The risk of losing momentum, missing out on business, and potentially damaging valuable relationships keep small business owners from taking a vacation–some go years and years without a break. While these concerns are valid, many may not realize that they are missing out on a necessary reset by forgoing an extended holiday. The truth is everyone needs a physical and emotional break from their work. Plus, new experiences and a broader perspective can provide much-needed creative energy to entrepreneurs. If you’re nervous about how to handle an upcoming vacation, here are a few actions you can take to ensure your break goes off without a hitch! Notify Your Clients (and Share Your Experience!)If you are your only employee, vacations mean that your business can’t do much without you. To keep any consistent referral sources or clients from being surprised, it can be smart to send out a notification in advance. Whether through an email blast or a few phone calls to associates with established relationships, offering a heads up is sure to

What to Research Before Becoming a Home Inspector

September 19, 2023

By Celeste Black-Harr, NPI, Inc.’s Recruitment Coordinator There are plenty of attributes that draw those with an entrepreneurial spirit into the home inspection space. Whether it’s the opportunity to own a business, innovate within a market, or control a personal schedule, many look to the prospect of being a home inspector as the answer to their career goals. The only issue is that, with the wealth of information there is out on the internet about how to get started as a home inspector, it’s easy to get overwhelmed. Owning a successful home inspection business begins with asking the right questions. How can I be sure that my business will be profitable? What business model should I choose? What hours should I list for my business? No two businesses are the same, and while there isn’t necessarily a cookie-cutter model for success, there are a few places worth starting before getting caught up in the minutiae. With this in mind, here are some important areas of research from which every prospective home inspector would benefit. Check Out Your State WebsiteThe first step of becoming a home inspector should always start with nailing down an area of operation and reviewing that state’s