An owner-operator business model is one in which the owner of a small business or microbusiness also runs its day-to-day operations personally, rather than hiring separate management. The model is prevalent across multiple industries, including trucking, where an owner-operator owns and drives their own truck, and franchising, where it appears across restaurant chains, health care, logistics, and maintenance and repair operations.
Facts
Core MechanismAn owner-operator is an owner of a small business or microbusiness who also runs the day-to-day operations of the company. 1 Connections
Associated With
FedEx Ground, the ground-delivery division of FedEx Corporation, relies primarily on owner-operators, independent contractors who own their trucks and control individual delivery routes and territories.
Owner-operator is the trucking industry own standard term for a driver who owns the truck they drive and contracts their hauling services independently rather than as a company employee.
Sources
1. Wikipedia, Owner-Operator
WikipediaOpening definition paragraphQuote, Opening definition paragraph
An owner-operator is an owner of a small business or microbusiness who also runs the day-to-day operations of the company.
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