Assisting Our Licensees Serve Commercial Clients

BusinessInventoryThere are many reasons a business owner chooses to have an inventory of all the personal property – and the main reason they opt to hire the service is that they are too busy to tackle the project themselves. This asset inventory serves many purposes for a small business owner. There are a plethora of industries who need this information, and often our Licensees contact us to receive advice and guidance on how to tackle a specific industry.

Over our many years of experience, we have provided asset inventory services to a variety of industries and companies, such as auto body and auto repair shops, medical offices, marketing companies, sign shops, remodelers, manufacturing facilities, office buildings, farms, and home-based business owners. Having this experience and knowledge is extremely valuable for Nationwide Inventory Professionals’ Licensees, as they receive the mentoring and knowledge necessary to approach the project, no matter what industry or how large or small the project. Licensees also receive assistance with providing a fair quote an specific areas of expertise to assist them.

Why do businesses need to have an inventory of their assets?

Sufficient Insurance

Many business owners forget about the need to increase their personal property, or contents, insurance coverage as they add more items due to growth or buy new to replace older furnishings. Over the course of time, desks, chairs, tables, computers, printers, file cabinets, kitchen appliances – and so much more – are purchased as an expense item. This means they aren’t on a depreciation schedule; therefore, these purchases aren’t tracked. The amount of insurance required to replace everything is essentially unknown.  Being properly insured results in an equitable insurance settlement if facing a loss.

Prevent Duplicate Purchases

An inventory is a great resource to determine a need for a purchase. If there are many items in off-site storage, or a number of storage areas in the building, there is a great chance that duplicate purchases are being made. Consider the benefit of being able to do a quick search of the inventory before you make those purchases.

When Borrowing Money

Many banks are now requiring a list of assets to be provided when applying for a loan or line of credit. Often these assets will be used as collateral. Having this information already prepared will assist in a quick turn-around of the loan application. When in a position to need to borrow money, this is not the time to delay while rushing to compile an inventory.

Buy, Sell, Merger, or Acquisition

When merging with another company, knowing the value of each company’s assets is essential in a smooth transition and equitable transaction.

These needs are met by providing a professional asset inventory service. Licensees enter their projects, with years of knowledge and experience behind them – even if this commercial project is their first job. Nationwide Inventory Professionals offers our years of expertise to help you build an independent asset inventory business.

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Inventory Industry Trailblazers Earn Certification

Leading by example, the founders of Hartman Inventory and Nationwide Inventory Professionals have recently earned their Appraisal Examiner Certification.

Mike-Cindy2012scaledPRESS RELEASE – Personal property inventory professionals Mike and Cindy Hartman have been labeled leaders, innovators, front-runners, and trailblazers, to name a few. Their contribution to the contents inventory industry began in 2004 when starting their inventory service and continues today, having achieved the recently developed Certified Appraisal Examiner (CAE) designation. Major accomplishments were achieved between then and now.

The Appraiser Examiner Certification was developed by the National Inventory Certification Association with assistance from appraisal professionals. This new designation helps expand the scope of the inventory industry by serving a need and establishing recognition for this specialized service. Now appraisal firms can locate certified, qualified examiners, and the CAEs have additional opportunities to grow their businesses.

The Hartmans started in the asset inventory industry over a decade ago when they established Hartman Inventory, a home inventory service focused on disaster preparedness and recovery. Having documentation of what you own prior to a loss from fire, natural disaster, or theft assists the policyholder to receive a more equitable insurance claim. Their service expanded a year later into providing business asset inventories. Due to requests from attorneys,  estate inventories were soon added to their list of services. There are now a variety of niches they service for the many times a homeowner or business owner needs to have a record of what they own. The two most recent additions are Collections Inventories and Appraisal Examiner, the latter for which they each achieved the Appraisal Examiner Certification.

The word innovators cropped up after years of honing their inventory service. Seeing the need to help others enter the industry without the long trial-and-error period most new business owners face, they founded Nationwide Inventory Professionals. This license agreement includes a comprehensive marketing package, certification, a manual consisting of proven processes and procedures they developed, and an extensive library of  downloadable templates. Possibly the most important ingredients for their Licensees are their intellectual property and continued mentoring and coaching as they share their knowledge and expertise gained over the years.

When the Hartmans see a need, they find a way to address it. The term leaders in the industry rings true; they are now helping to establish a cohesive industry through their roles as Executive and Managing Directors of the National Inventory Certification Association (NICA). From a husband-and-wife team of inventory providers, to developing a company to coach and help others learn the industry, to supporting an entire industry, it would be appropriate to add front-runners to their resumes. They are truly embedded in the personal property inventory industry.

Taking this leadership role seriously, Mike commented about achieving the Appraisal Examiner Certification, “We must lead by example. If we don’t see value, and place importance on continued education and industry certification, then we aren’t doing the industry justice. It was a very fragmented industry years ago. We are pleased to be a part of bringing the individual business owners together to establish a cohesiveness that will serve all inventory professionals well.”

Choosing to add CAE to the already-earned Certified Inventory Expert designation, the Hartmans show commitment to their goal of excellence. The industry is growing and expanding. As Cindy stated, “Being involved with NICA’s Continuing Education Program, and maintaining the earned designations, is important to remain current within the industry. This is the key for professionalism. We do this for ourselves, for credibility for Hartman Inventory, for our Nationwide Inventory Professionals Licensees, and for the members of NICA.”

Ultimately, the appraisers and the direct clients who contract home and business inventory services are the ones receiving the benefits from the growth of this industry. 

Nationwide Inventory Professionals Licensee Earns Certification

Kate LeGrand, owner of Capital Counts Inventory, earns industry certification.

KatePRESS RELEASE – The National Inventory Certification Association™ (NICA) announced that Kate LeGrand, owner of Capital Counts Inventory, has earned the designation of Certified Inventory Specialist (CIS). LeGrand is a Licensee of Nationwide Inventory Professionals. Achieving this designation confirms her knowledge to provide quality residential and small business contents inventory services.

There is an increasing awareness of the necessity and benefits of having a prepared photographic and written record of one’s personal property. This knowledge and the ever-increasing busy lifestyles of homeowners and business owners alike create a growing demand for a professional inventory service provider.

Founder of Nationwide Inventory Professionals, Mike Hartman stated, “We believe in the importance of continuing education, and know the value of being a part of an industry association. This led us to include their 1st year of membership in NICA. An additional benefit of the License Agreement is that we also cover the costs of the required courses and the certification exam. Kate’s professional background solidifies that education is essential when you want to put the client first.”

LeGrand agrees in with Hartman’s comment about education. “As an Accountant and Controller, I was always needing to stay on top of the new IRS codes. Continuing education is extremely important, no matter what industry one chooses. This designation of CIS helps show my clients and prospective clients that I have taken the extra steps to be a leader in the personal property inventory sector.”

A requirement for certification and membership with NICA is to agree to conduct business according to the established industry Code of Ethics. Based in Plainfield, Indiana, Capital Counts Inventory provides residential and commercial asset inventory services in Central Indiana.

About National Inventory Certification Association

Established in 2011, the National Inventory Certification Association (NICA) is nationally recognized as the official certification authority for the personal property/asset inventory industry. The certification and continuing education opportunities ensure that members have access to quality industry knowledge as well as business and professional development resources to help achieve the success they seek for their home and business contents inventory companies.

 

 

Entrepreneur or Salesperson?

winningI have spoken to many people who want to start a business. They see the excitement of not only owning the company, but owning their time as well. Most mention the freedom of working the hours they choose.

Many also visualize the pride, excitement, and success they anticipate that can come with being an entrepreneur. All is good, right? Until the topic of sales enters the conversation.

“Sales?” they say. “SALES?” It’s like I just threw a bucket of ice water on them.

Business ownership equates to being in sales

They say that they don’t want to sell; they want to be the owner.

I don’t like to burst people’s bubbles, but if you are a business owner, you are also a salesperson. If you cannot talk about your company, your product, or your services, how will you grow your business? But you have a sales manager and a sales staff! That doesn’t matter – as the owner of the business, you are always “on” when it comes to promoting your business. You are always “in sales.”

I know one person who wouldn’t call people back. Someone would say they aren’t interested right now, but “please call me in a few weeks.” The call was never made, because this business owner thought that the person was just being nice. How many lost dollars were left behind because of the fear of selling?

Others shared that they really enjoyed creating the business, establishing the processes, doing all the prep work that goes into a start-up. But then reality hit when it was time to go find business. They couldn’t even talk to friends about it. Nervousness and uncertainty set in. There are many marketing initiatives to promote the business, but in the end, success in sales is what seals the deal.

Achieving success

With the Nationwide Inventory Professionals business package and license agreement, we share years of experience in the asset inventory industry. We provide business processes, knowledge of years gained in the industry, a certification program, and much more. Almost everything you need to succeed – to win at being a business owner. Almost.

There is one thing we cannot provide.

Sales.

If the business owner is without self-confidence, motivation, and a desire to succeed in sales, sales will not happen. And without sales, the company cannot exist. Winning at entrepreneurship requires winning at sales.

Before starting any business, ask yourself how you feel about sales. Ask yourself if you’re an entrepreneur AND a salesperson. The answer will help guide you what direction is best for you to take.

 

 

What Is Success

SuccessSuccess is a moving target.

For the entrepreneur, it can – or really, it should – continually be examined. Success can be one measured goal today, and years from now something quite different.

When starting a business, your definition of success might have been just to be able to pay the bills each month. When you think about it, you really had very low expectations. The bills were paid … Success!

But that’s OK! You were learning the industry. You were learning the business. You were establishing processes and procedures. You might have been learning how to be a sales person for the very first time. Accomplishing all of this was a huge success, actually.

But what next? If you’re “just paying the bills each month,” eventually success will end up being failure. After all, you didn’t go into business to just pay bills. So your initial vision of success must be revisited.

The next step to success

Now that the functions of the business are established, and you’re paying your bills, you must move your targeted goal upward. What is the “new” success? It might be making a final payment on your business loan. It could be that you are so busy, and bring in enough revenue that you can hire your first employee. Or possibly add a product or service to your current offerings.

Your next step could be evaluating your clients. Were you previously just taking anyone who was willing to pay you? Now it’s time to evaluate your ideal client and focus on that niche market. Will success be when the majority of your customers are the market you’ve chosen to pursue?

With Nationwide Inventory Professionals, refining our processes and improving the features of our business package was our next step. We continually ask ourselves how we can make it better. For instance, we upgraded our website, improved the newsletter, and added new features to the License Agreement. Our manual has grown from less than 125 pages to over 200. Pages full of more experiences to share, more marketing efforts to pursue, and more knowledge for our Licensees. These were huge successes for us because we are improving our Licensees’ opportunities for success as well as our own.

What do you want besides owning your own business?

There must be other identifiers of success in addition to just being able to say “I own my own business.” Not working 7 days a week, 18 or more hours a day, would be a great way to measure success. Reducing your working hours to just 5 days a week, with weekends off is another way to look at how to define success. Better yet, taking a full week or longer vacation is a great yardstick to realize you made it! Maybe you are seeking work/family/social balance. What a wonderful sign of success when you’ve achieved that goal!

If you want to be successful, feel successful, and reap the benefits of your success, you will get there faster and with less anxiety if you define what it means to you, and what it looks like when you get there. “I’ll know it when I see it,” is not the answer. You must know it first or you’ll never get there.

Once you have defined success, you’ll feel empowered to actually take the bold and often scary steps needed to make it happen.

 

The next step toward success

The next step is to take the next step.

Whatever your definition of success is, you must still revisit it. Notice the change in yourself as you and your business grow. Achieving success gives you a building block to search for the next level of success. Without tackling new initiatives, new ideas, new goals, you will not experience new success. Growth will only happen when you redefine what your next success will be. Continue to grow by knowing, and then redefining, what success means to you.

 

New Year, New Inspiration

PastFutureIt’s a new year, and the time when many act on their dreams of business ownership. Sometimes it’s a new-found dream, and others have had this desire for years – even decades. I let dream of starting a business simmer in the back of my mind for over 30 years. Yes, 30 years.

There are many reasons someone will put their dreams on hold. Some common ones are fear of failure, not ready to give up the steady income, feeling they don’t know enough, afraid of what others will say because of walking away from a “secure” income.

But there are so many more reasons to pursue starting a business:

  • Pride of business ownership
  • To be your own boss
  • Control over your schedule
  • Be known in your community
  • Work the hours you choose
  • More time with the family
  • To fill a passion through the business of choice
  • Control of the amount of income you have
  • To be the one making the decisions

If the thought of starting a business was dormant for a while, review this past year; it might give you inspiration. Is now the right time to renew your dream and achieve it in 2017? If home inventory is an industry that interests you, we encourage you to visit the Nationwide Inventory Professionals website to learn more about how we can help you start your inventory service within 30 days.

New Year Is A Time To Look Back

memorylaneAt the beginning of each year, there is constant talk about new goals, new plans, new ideas. This is good, as it is important to look forward as we plan for our future. However, it is also important to look back and reflect on the year just completed.

Especially for business owners. It’s a must to pause and remember all you’ve accomplished. Due to the daily efforts of running a business, it is often too easy to forget about the achievements, improvements, and successes you made. This is often due to making small tweaks and adjustments that individually are not much to talk about. But then when you add them all up, you have made major strides to improving, updating, and upgrading your business in many areas of the daily operations.

Take a moment to celebrate! Reviewing what you’ve done will help guide you as you make plans for 2017. It will even energize you! We are pleased with the steps we’ve taken over the past year to make our home inventory business package and license agreement even more valuable. The key improvements are:

  • created a Licensee log-in area on the website that provides resources and tools.
  • improved the manual by adding more quality information, growing it to 200+ pages.
  • developed an area that provides online downloads of all documents and marketing materials.
  • moved the Licensee newsletters to a blog format so they have all newsletter information within a quick search of key words.
  • finalized two business relationships that will enable our Licensees to market additional services – opportunities for additional revenue streams.

Though a lot has changed – and will continue to change – there are a few things that have remained the same – a high quality marketing package, ability to be in business within 30 days, and continued mentoring, as we share our industry knowledge gained through our many years in this industry – all to serve the continued and growing need for a home and business contents inventory service.

How about you? What did you do last year to improve customer retention, increase your customer base, improve your systems, add new processes, etc? Take a moment to write them down. Remember them!

Nationwide Inventory Professionals Licensee Earns Certification

The National Inventory Certification Association congratulates member Gina Wagner for achieving the designation of Certified Inventory Specialist.

gina picture 5The National Inventory Certification Association™ (NICA) is pleased to announce that Gina Wagner, owner of Wagner’s Inventory Services LLC in Brooklyn, Ohio, has recently earned the designation of Certified Inventory Specialist (CIS). Achieving this designation confirms her knowledge to provide quality residential and small business contents inventory services.

To earn this certification, Wagner passed specified courses developed by NICA, agreed to conduct business according to the asset industry Code of Ethics, and accumulated a required number of Continuing Education Units. There is an increasing awareness of the necessity and benefits of having a prepared photographic and written record of one’s personal property. This knowledge and the ever-increasing busy lifestyles of homeowners and business owners alike create a growing demand for a professional inventory service provider.

Achieving certification is not required for the contents inventory professional. By choosing to invest in  continuing education shows Wagner’s desire to learn the industry and let her clients know that she has gone the extra mile to ensure she provides quality inventory services. Wagner explained, “I believe in serving clients with professionalism and excellence. Having achieved my CIS designation helps show my dedication to my clients, my company, and the industry.”

Mike Hartman, Executive Director of NICA, said, “I was impressed the first time I met Gina. You can hear her excitement about this industry in her voice. Having narrowly missed a house fire really drove the need for an inventory home to  her. She now is on a crusade to teach others of the need for this service.” We are pleased to have her as a certified member of our association.”  

Based in Brooklyn, Ohio, Wagner’s Inventory Services offers residential and business asset inventory services for the Cleveland Metro Area and all of Northeast Ohio. 

New York Company Selected As Examiner For Nugent Appraisal Services

New York Inventory Group, a personal property inventory company, now offers USPAP certified appraisals.

NYIG-LogoNugent Appraisal Services is in an aggressive expansion mode – adding four additional service areas in the last year. New York Inventory Group, a Licensee of Nationwide Inventory Professionals, serving the New York City area, is the most recent examiner selected by Nugent. “As our onsite examiner, the experience and expertise of New York Inventory Group enables us to capture the quality, detailed item information we require to identify items and accurately appraise,” offers firm President Ray Nugent.

Nugent Appraisal Services produces USPAP compliant, certified appraisal reports that meet the highest industry standard, as required by Insurers, Government Agencies, and the Courts. Their reports are used for Estate Settlement, Equitable Distribution, Insurance Scheduling, Damage Claim Resolution, Charitable Donation, Divorce, and Buy/Sell Decisions.

Nugent Appraisal certifies the value of thousands of items monthly from around the country, from digital images, descriptions, and documentation secured by their own appraisers, examiners, and inventory professionals like New York Inventory Group. Ray Nugent adds, “we are excited about bringing our appraisal service to New York City and the surrounding areas. The professionals at New York Inventory Group are a critical part of making this happen.”

About New York Inventory Group

New York Inventory Group, a Licensee of Nationwide Inventory Professionals, provides personal property inventory services for home owners, renters, and small-to-medium businesses throughout the New York City area. These services are requested by clients who want to be prepared for a disaster by being able to recover more equitably after a loss. Additionally, an asset inventory is beneficial for estate settlement, separation of assets/divorce, prenuptial agreements, and financial and estate planning. Business owners also benefit from this document by using it to track assets, plan budgets, eliminate unnecessary purchases, and when approaching a buy, sell, merger or acquisition agreement.

About Nugent Appraisal Services

Nugent Appraisal Services is a Florida-based 3rd generation family-operated personal property appraisal service that has been in business since 1976. Nugent Appraisal certifies the values of Fine Art, Jewelry, Collectibles, Memorabilia, and Residential Contents. The service was started by Ray Nugent Jr., in Naples, FL in 1976. His son, Ray Nugent III, joined the firm in 2001 and moved into the role of managing the daily operations seven years later. The firm now utilizes the talents of three generations of the family, when granddaughter and Appraiser/Gemologist Olivia Nugent joined the firm in 2012. Daughter Carolyn Nugent Olliff and daughter-in-law Gwen Chapman Nugent complete the 5-member family leadership appraisal team.

In addition to conducting onsite appraisal examinations in homes, offices, and secure facilities, the firm serves as the exclusive independent appraisal service of a growing number of U.S. Department of Justice service offices and asset securement services for estates, trusts, and family offices.

Indiana Home Inventory Professional Chosen As Examiner for Nugent Appraisal

Nationwide Inventory Professionals Licensee, Hartman Inventory, now offers USPAP certified appraisals in central Indiana

HI-smPRESS RELEASE – Hartman Inventory, a Licensee of Nationwide Inventory Professionals is the most recent exclusive examiner selected by Nugent Appraisal Services. “As our onsite examiner, the experience and expertise of Hartman Inventory enables us to capture the quality, detailed item information we require to identify items and accurately appraise,” offers firm President Ray Nugent.

Nugent Appraisal Services produce USPAP compliant, certified appraisal reports that meet the highest industry standard, as required by Insurers, Government Agencies, and the Courts. Their reports are used for Estate Settlement, Equitable Distribution, Insurance Scheduling, Damage Claim Resolution, Charitable Donation, Divorce, and Buy/Sell Decisions.

Nugent Appraisal certifies the value of thousands of items monthly from around the country, from digital images, descriptions, and documentation secured by their own appraisers, examiners, and inventory professionals like Hartman Inventory. Ray Nugent adds, “we are excited about the opportunity to bring our service to the Indianapolis area, and the professionals at Hartman Inventory are a critical part of making that happen.”

About Hartman Inventory

Hartman Inventory is a Licensee of Nationwide Inventory Professionals and a nationally certified personal property inventory service for home owners, renters, and small-to-medium businesses. Owners Mike and Cindy Hartman created their business in 2004 after working in the corporate environment for over 30 years. Their passion for this industry was fueled through first-hand knowledge of two burglaries. They realized the value of knowing what you own prior to a loss.

In addition to disaster preparedness/recovery, an asset inventory is beneficial for estate settlement, separation of assets/divorce, prenuptial agreements, and financial and estate planning. Business owners also refer to this document to track assets, planning budgets, eliminating unnecessary purchases, and when approaching a buy, sell, merger or acquisition.

About Nugent Appraisal Services

Nugent Appraisal Services is a Florida-based 3rd generation family-operated personal property appraisal service that has been in business since 1976. Nugent Appraisal certifies the values of Fine Art, Jewelry, Collectibles, Memorabilia, and Residential Contents. The service was started by Ray Nugent Jr., in Naples, FL in 1976. His son, Ray Nugent III, joined the firm in 2001 and moved into the role of managing the daily operations seven years later. The firm now utilizes the talents of three generations of the family, when granddaughter and Appraiser/Gemologist Olivia Nugent joined the firm in 2012. Daughter Carolyn Nugent Olliff and daughter-in-law Gwen Chapman Nugent complete the 5-member family leadership appraisal team.

The firm has added other talented appraisal professionals in order to deliver the highest appraisal standards in the six service offices throughout Florida. In addition to conducting onsite appraisal examinations in homes, offices, and secure facilities, the firm certifies the value of thousands of items every month from around the world from images, descriptions, and documents of origination. The firm serves as the exclusive independent appraisal service of a growing number of U.S. Department of Justice service offices and asset securement services for estates, trusts, and family offices.

A great business for supplemental income.


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Home Inventory – A Guide for Homeowners and Renters

Home Inventory – A
Guide for Homeowners and Renters


The many reasons for a home inventory, plus a do-it-yourself guide and templates.

 

A Business Guide to Asset Inventory

A Business Guide to Asset Inventory
Protecting your company assets.

Copyright 2017 Nationwide Inventory Professionals, LLC © 2013. All Rights Reserved.
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