What does OPEX mean in the Midwest?

opex means operational expenditures. In other words, it’s the money you spend on keeping your plant running every day, like labor, utilities, maintenance, and supplies. The opposite of operational expenses are your capital expenditures, aka CAPEX. These are the upgrades and major infrastructure projects that help your plant stay up-to-date.

What does Open shop mean in Texas?

An open shop is similar to a contractor who works on commission, meaning they’re paid based on the value of the work they complete. This means the shop owner doesn’t have to spend money on a staff and doesn’t have to worry about any overhead costs. The shop owner can focus solely on growing his or her business and can avoid the hassles of limited liability.

What does open shop mean in the Midwest?

An open shop is a type of business that operates without a traditional manager. A small business that operates as an open shop is owned by its employees. The idea behind this business model is that employees are given a portion of the business’s earnings to manage. In exchange, they have more flexibility when it comes to their work. Instead of working under the direct supervision of a manager, they can choose to work as they please. It’s not for everyone, though.

What do open shop means in the military?

Think of open shop as the military equivalent of a contractor. Instead of an in-house employee, the military hires independent contractors to do work for them. Everything from driving trucks to providing medical care falls under the open shop model.

What does open shop mean in Ohio?

In the Midwest, an open shop refers to a business that does not require employees. Instead, owner-operators or independent contractors work for the business they represent. The shop’s owner or manager oversees operations. This is a popular option for those who are looking to start a work from home or flexible job.