Growing Your Own Home Inspection Business vs. Working for a Company

Growing Your Own Business

Pros

• You are building personal relationships based on your personality
• Your outputs (financial, pride of ownership, freedom) are a direct reflection of your inputs (time, energy, effort)
• You can choose when to work more/less
• You can make changes quickly
• You are building business value that could be sold someday

Cons

• You wear all hats – marketing, customer service, sales, technology, home inspector
• Slow times can put your business at risk
• Everyone wants to talk to you
• You might have to outsource areas of your business
• No time for marketing to agents

Joining a Multi-inspector Company

Pros

• You get to only inspect homes – no marketing, scheduling, email follow ups, etc.
• Resources – you have mentorship and a team to work with
• Job security in all economic times
• Existing and long-lasting relationships with brokerage offices
• Ability to grow into leadership roles (inspector manager, operations)

Cons

• Upside is capped – you get paid hourly or a flat fee per inspection
• No direct control over how many jobs you get
• You won’t make business-level decisions (could be a pro if you don’t want that responsibility)

If you’re a new home inspector struggling to get to cruising altitude – check out Spectora Jobs marketplace. Joining a larger team can be a great way to stay in the industry and learn the ropes in a stable environment.

Did I miss any pros or cons? Which do you think is better?