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  1. #1
    Jason Wright's Avatar
    Jason Wright Guest

    Default Plans for inpection business 2008

    Hi, I am new here and I look foward to learning as much as I can. I am scheduled to go to HI classes in February and then I will purchase insurance and take the Indiana state exam.

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  2. #2
    Kevin Luce's Avatar
    Kevin Luce Guest

    Default Re: Plans for inpection business 2008

    Welcome aboard! As far as I know, there are not too many people that chat from Indiana. I see your in the Indianapolis area. It will be nice when you have to take classes since most of them are in that area. If you have any questions, just ask away and if you have any questions specific to Indiana, I might be able to help.


  3. #3
    Join Date
    Oct 2003
    Location
    Rockwall Texas
    Posts
    4,517

    Default Re: Plans for inpection business 2008

    You couldn't have picked a better time to jump into the biz.


  4. #4
    Jason Wright's Avatar
    Jason Wright Guest

    Default Re: Plans for inpection business 2008

    Thats great news!


  5. #5
    Join Date
    Mar 2007
    Location
    Dallas, Texas
    Posts
    4,112

    Default Re: Plans for inpection business 2008

    Jason, Jason, you have to read the emoticons. That little face with the smirk that Rick posted is sarcastic. Don't quit your day job, business is tough now.

    Jim Luttrall
    www.MrInspector.net
    Dallas, Texas

  6. #6
    Join Date
    Aug 2007
    Location
    Memphis TN.
    Posts
    4,311

    Default Re: Plans for inpection business 2008

    Quote Originally Posted by Jason Wright View Post
    Thats great news!

    Jason,

    So young, So Enthusiastic, So Much to Learn.

    Welcome.

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    It Might have Choked Artie But it ain't gone'a choke Stymie! Our Gang " The Pooch " (1932)
    Billy J. Stephens HI Service Memphis TN.

  7. #7
    Kevin Luce's Avatar
    Kevin Luce Guest

    Default Re: Plans for inpection business 2008

    Jason, don't listen to them. You haven't even started class yet so by the time you get done and all set up, your area can have a good market. Around here things went from not doing hardly anything when it came to advertising to now having to sell my service over the other home inspection companies. Around here, the market still allows me to support my business and family and support my wifes business (we take any money she makes and put it into savings).


  8. #8
    Join Date
    Oct 2003
    Location
    Rockwall Texas
    Posts
    4,517

    Default Re: Plans for inpection business 2008

    Maybe 2008 would be an ok year to jump into the biz. There should be plenty opportunity with many of the current HI newbies jumping ship.

    Maybe Peck saw this coming.

    rick


  9. #9
    Join Date
    Mar 2007
    Location
    Spring Hill (Nashville), TN
    Posts
    5,829

    Default Re: Plans for inpection business 2008

    The winter months are historically slow anyway, add the soft housing market and it is even slower in many areas of the country. Starting a HI business in late winter or early spring might be a good move. Just realize that this is a tough profession. We have over a 90% failure rate for folks in their first year. The profit does not really start till your third year in the business.

    Good luck, and as others have said do not quit your day job.

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  10. #10
    Join Date
    Mar 2007
    Location
    Garland, TX
    Posts
    605

    Default Re: Plans for ispection business 2008

    [QUOTE=Scott Patterson;24364] The profit does not really start till your third year in the business. [QUOTE]

    According to the boss' accounting method, I'm at least 15-20 years away from realizing this.

    badair http://www.adairinspection.com Garland, TX 75042 TREC # 4563
    Commercial-Residential-Construction-EIFS-Infrared Thermography
    life is the random lottery of events followed by numerous narrow escapes

  11. #11
    Join Date
    Mar 2007
    Location
    Spring Hill (Nashville), TN
    Posts
    5,829

    Default Re: Plans for inpection business 2008

    Perhaps I should have said "hopes for profit do not begin till your third year", this is more realistic!!

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  12. #12
    Nolan Kienitz's Avatar
    Nolan Kienitz Guest

    Default Re: Plans for inpection business 2008

    ... and the HI schools are still producing 'pie in the sky' riches to be made.

    As we all know we have to continually work hard and market and watch expenses, etc., etc.

    Anything but a quick buck. I'm so very glad I started out with a realistic foundation (oops ...) view and plan.


  13. #13
    Richard Rushing's Avatar
    Richard Rushing Guest

    Default Re: Plans for inpection business 2008

    Like others have said...

    From late November til Mid January are historically slower months (Dec and early Jan are really slow).

    Now, add-the real estate market and the market issues become apparent. Hope the wife's job and benefits are very stable and good for a while.

    I don't think anyone here is trying to dissuade you from getting into the business... all these folks and myself are trying to let you know what is REAL vs some (otherwise optimistic) expectations that could be a real awakening when they materialize.

    Everyone here is basically dedicated to helping the others when we can. That includes those trying to enter the profession, such as yourself.

    Take care, and we look forward to hearing how your classes/ training is progressing. Feel free to ask and post questions when needed. There will always be somone here to help you in this endeavour.

    Rich


  14. #14
    Jason Wright's Avatar
    Jason Wright Guest

    Default Re: Plans for inpection business 2008

    I appreciate the words of caution and support as well. In my slightly younger days I successfully ran my own landscaping business for 6 years and quit so I could obtain a few degrees. Now that I am about done with school for good, I have a desire to start my own business again, but obviously in a different profession. I have a well paying job with benefits now so I don't have expectations or the needs of large profits anytime soon. I know that establishing a business and a reputation take time and I am going to have plenty of that. I will not go out of business in the 1st two years and I look foward to getting to know all of you better. We can all grow and learn from each other. Sound good? I hope so and I am in it to stay.


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