Why do some Owner Operators “do better” than others?
First and foremost, successful Owner Operators realize they are “Independent Contractor Business Owners” rather than an “employee” of a Motor Carrier. They also embrace their role with a “can do” attitude with their contracted Motor Carrier, which increases the impression of a confident, thriving Owner Operator.
Like any responsible business owner, they operate on a budget and review their expenses weekly because they understand that better control over expenses increases their bottom line, Profit. So they use that time parked and waiting for a load to investigate all options available to them regarding choices in equipment, maintenance, and other expenditures like Truck Insurance and Work Accident (Occ Acc).
With the ongoing legal concerns of “independence” and “employee misclassification” looming, all Contractors want Subcontractors who are self-sufficient.
It’s no accident that the retention rate and success of Owner Operators is higher when there is a better understanding and control of expenditures. Your Motor Carrier WANTS you to be successful… “Long Term Self Sufficient Owner Operators” is a mutual goal in our Expediting Community.
