Valuable Tips For Anyone Looking at Becoming An Owner-Operator

In this podcast episode, Equinox Business Solutions President and CEO Colton Lawrence will be examining the numerous considerations that should be reviewed by anyone thinking about becoming an owner-operator within today’s trucking industry. The list of topics Colton will be covering includes looking at driving over the road vs. a local operation, determining the type of equipment to fit the work you’ll be doing as well as the key considerations when it comes to buying equipment vs. utilizing a lease-purchase. For those people looking to get into the trucking industry, Colton talks about trucking schools and driver training options, and he also walks through the considerations owner-operators should weigh when thinking about motor carrier authority. As part of business planning, Colton notes the considerations related to business entities, tax planning, managing expenses and building a solid team around your operation.

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