Owner Operator Turnkey Management System
NPC Consulting
NPC Financial Executive Consultants, through their Equipment Finance Division has developed a five-step program to assist those who want to become Independent Lease Operators in achieving their goal. The program is designed not only to assist the Owner / Operator, but to help the contracting companies achieve a continuity which will reduce risk in turnover and save monetarily in training expenses.
The five critical steps for a potential Independent Lease Operators are as follows:
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One – The Contracting Company
How does the potential Independent Lease Operator determine which employer suits his or her expectations for a career as an Equipment Operator?
Two – Type of Asset (Equipment)
What equipment is required by the Contracting Company to fulfill the job specifications?
Three – Financing
How will the Independent Lease Operator acquire the equipment and what is their exposure?
Four – Life and Disability Protection
What happens to me and my business if I should have an accident which prohibits me from working as an Owner Operator for an extended period?
Five – Business Consulting
How can the Owner Operator develop a proper Business Plan and ensure the success of their endeavors? How does the Owner / Operator develop a relationship with a management professional (CGA, CMA, CPA, CA) to insure his or her business is operating to its optimum performance?
Each Potential Owner / Operator is a unique entity and requires specialized assistance when setting up their business.
Choosing the correct asset for the function (Job)
One of the most important factors in being a successful Independent Lease Owner-Operator and even a seasoned Equipment Service Business owner is selecting the correct equipment. Which means will it do what we want to do to turn a profit. The highest percentage of profit comes with knowing can a Pre-Owned piece of Equipment benefit the Operator just as well as a new one, the answer is yes.
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When doing your due diligence there are a lot of factors to consider when purchasing equipment, but as a Finance Company we have encountered over 25 years of serving clients across Canada, it's educating them on what they should consider.
The right Pre-Owned Asset over a New one will yield greater monetary gains if the two can perform equally. Our go-to advice to our clients has always been, do you want to put 1/10 of a dollar or 1/3rd of a dollar towards your bottom line? This especially factors in when choosing a Capital Lease option to purchase your equipment.
The Video below will give you a better understanding of New vs Pre-Owned.
One of our most valued clients Mr. Jamie Davis of Jamie Davis Towing and Storage Ltd of Hope and Golden BC illustrates the advantage of Leasing a piece of Pre-Owned Equipment.