Owner Operated Business Models Racq Feature Article

437 words - 2 pages

“The Road Ahead”
Issue #47

Jim's group, AirBNB, Food with attitude, Plan B skateboards and recently introduced in modern times, Uber, are all modern owner operator businesses. An Owner-Operator business is a business owned and ran by the same person. The successful owner operator business uber is a convenient and safe transportation company that was introduced in late 2009. Uber is an owner operated business as the driver has free will when deciding when to work and not to mention uses their own vehicle. Owner operating has dozens of benefits, and overall is a smarter option to boost income.

Australia is heavily populated by thousands of owner-operator businesses. An owner-operator is a person that owns and runs their own business at the same time. one person. Owner-operator businesses are most prominently in business models and franchises such as health care, repair, maintenance, food restaurants and clothing outlets. The owner-operator in most situations must pay higher rates on insurance due to smaller size than most larger companies, meaning they have to charge more to balance the cost.

Benefits of being an owner operator include, having free will to run your own company, which means you can have a much more open lifestyle; flexible work schedule, meaning you can choose the times you want clock on...

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