National Home Inspector Exam Prep Podcast

05 - Starting a Home Inspection Business: From Plan to Profit

Charles Bellefontaine Season 14 Episode 5

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Description: Dreaming of starting your own home inspection business? This episode gives you the roadmap to success. We'll guide you through creating a comprehensive business plan including market analysis, competitor research, and realistic financial projections for your first critical five years. Explore the four main types of business ownership—sole proprietorship, partnership, LLC, and corporation—with honest pros and cons of each structure. Learn which government licenses and registrations you'll need, from professional home inspector licenses to business privilege licenses, EINs, and office-in-home registrations. We'll demystify accounting basics including double-entry bookkeeping, cash versus accrual accounting, and the crucial concept of depreciation. Most importantly, discover how to properly set your inspection fees by calculating your true business expenses and allocating costs per inspection. Understand why "failing to plan equals planning to fail" and what it really takes to survive and thrive in your first five years. This is the business education most home inspectors never get.


Intro

This episode is brought to you by GetSync.pro

This episode is hosted by Charlie Bellefontaine of Chicagoland Home Inspectors

For complete training with visual materials, practice exams, and certification support, visit nhiexamprep.com

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