Practice Quiz

Home Inspection

Category - Business Operations

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Why is important to have a business plan even if you are an independent contractor?
  1. Because you want to market your services on the Internet
  2. Because you hope to buy a franchise business in the future
  3. Because you need to manage expenses and revenue
  4. Because you require guidance for day-to-day business decisions
Explanation
Answer: C - It is important to have a business plan even if you are an independent contractor because you need to manage expenses and revenue. When you first get started, you need to invest in tools and testers for home inspections. If you have a community-based office, you have rent and utilities to pay. A business plan helps you determine how much to charge clients and the number of inspections needed to cover your expenses and make a profit.
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