Fail or Succeed? Is the Home Inspection Business Right for You?

I love this video! I’ve always seen myself starting my own business of some sort but never knew what to do. I’ve come to realize that I want to be comfortable but I enjoy my time off with family and friends. Starting to think working for a good company isn’t all that bad. It’s all in the mindset! Best of luck everyone!

Agreed! The entrepreneurial mindset is so much different than the employee mindset.

Glad I found your channel! I'm currently taking online classes with ASHI. I look forward to more content

Highly valued perspective, thank you!

Great video. Lots of excellent info. Thx

Great video, and very true. I'm working towards my license right now, but I'm pretty ambivalent about running a business. I'm introverted and don't have a head for the ins and outs of business. Having to figure out witholding and FICA and my health insurance, billing, yikes! But I'm fascinated by homes and by the inspection process, plus I really like the idea of providing a genuinely helpful service and making a living doing so. I like my current job and the security of a steady check. But that steady check has been reduced since even before covid and my company shed a lot of employees. And I've been laid off or had reduced income several times in my long if not storied career. So being able to support myself without depending on someone else seems pretty attractive. Could I maybe work for a company to gain experience? Is working for a company a decent living? I know you don't keep 100% of your fee, but maybe it's worth it?

I started my home inspection business 14 months ago. I’m happy with my progress so far despite dealing with the COVID19 pandemic lockdowns in my state. My wife handles the marketing, scheduling and customer calls. I get to focus most of my attention on inspections and report writing.

Business doesn’t boom right away you have to have the hustle and drive be patient

Excellent video!! I have a fulltime job right now and my wife is a fulltime realtor. I plan on being a fulltime home inspector. Once Im licensed Im going to keep my job and start doing inspections by using my vacation time. Im going to give my business time to let it grow. Once my funnel keeps flowing very well, then Yes Ill leave my job which I had for 14 years, But till then Im going to keep my job because the number one reason businesses fail is because the lack of revenue coming in.

I agree with you 100%. This video helped re-iterate my thoughts on the 'business aspect' of becoming an actual success in the field. After running my own business, experience losses etc, chasing $ ,,, the list continues. I did find it difficult to say the least. What 'sucks me in to the home inspection business ' is the limited amount of tools, monitoring guy's, bidding jobs, getting materials, chasing the homeowner or bank for $.... Ughhhh. I'm happy to know biggest hurdle is marketing said inspection business on the computer/website etc. Definitely not a field I am competent at the moment computer wise. That said I will take learning that skill as opposed to ALLL the things I stated. Good Vid an thanks man. Andrew

Great video. I’m in training as we speak. I’m thinking of, going to work for somebody first, and eventually starting my own company. Things to think about.

Your are 100% correct about the business aspect. I see it all the time as "most" people are not cut out to lead, run a business and handle the stress that comes with it. Nothing at all wrong with that as the military always needs more regular boots on the ground so to speak. That is why business ownership is reserved for the best of the best, and ....rightfully so, they should make the best of the best income and financial rewards that come from it.

I will finish up my license in January how would someone get hired by a inspection company and what does the pay look like for a new inspector, I have 15 years in management and I just got tired of the industry I was in I was good at what I did but I've always wanted to do this and help people while making a living. I am thinking of starting my own company as I know the business aspect but I am nervous but excited. Thanks so much love ur videos please continue.

Great video

I am considering the business and it doesn't matter if I am working for a company or doing it on my own. My concerns are that it might be just too competitive just like real estate photography. I've been a photographer for over 20 years mainly weddings and portraits. I've even done some real estate photography, but like in all areas of photography it's super competitive and it's very difficult staying busy-that is unless you're doing $100 photo shoots. Any thoughts on this? Thanks.

100% true in any business

you must have read the e myth. love that book. Thanks for info

Hi sir I need help with my business I am a certified home inspector but for a year i am trying to get some inspection but it’s hard here in Toronto Canada I don’t know what is going on if you have any Suggestions please thanks.

In my experience, your ex boss is definitely not going to like it if you start a rival business in their service area. So play your cards close to the vest if that's your angle. Also be prepared for your ex employer and their friends/family to take shots at you in the online reviews. In my case it was a towing business, but maybe home inspectors are more polite.

I have been toying with this idea for a few years now. I did almost every trade and several years of apartment maintenance. I would be a great inspector, but, I am apprehensive about starting a whole business doing it right off the bat.