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The differences between advisory board members and co-owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both an advisory board member and a co-owner. Additionally, a co-owner has an average salary of $86,704, which is higher than the $63,675 average annual salary of an advisory board member.
The top three skills for an advisory board member include community outreach, non-profit organization and strategic direction. The most important skills for a co-owner are customer service, financial statements, and business plan.
| Advisory Board Member | Co-Owner | |
| Yearly salary | $63,675 | $86,704 |
| Hourly rate | $30.61 | $41.68 |
| Growth rate | 6% | 6% |
| Number of jobs | 9,710 | 52,915 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 54% |
| Average age | 52 | 52 |
| Years of experience | - | - |
An advisory board member provides business operations recommendations to the company's executives. Company executives, such as the CEO or company owner, need input from trustworthy people to continually improve their company. Companies must be adaptable to have a chance in an ever-competitive market. Advisory board members must maintain a level of adaptability that will make the company resilient and robust.
A co-owner is responsible for ensuring smooth business operations, searching for the best industrial opportunities to drive revenues and increase profitability. Some of the business co-owners' duties include planning activities for business promotions, monitoring current market trends, establishing a reliable workforce, developing product specifications, managing financial goals and cost estimates, strengthening marketing strategies, and keeping records of business papers and documents. A co-owner should have excellent leadership, communication, and decision-making skills to secure business growth and success.
Advisory board members and co-owners have different pay scales, as shown below.
| Advisory Board Member | Co-Owner | |
| Average salary | $63,675 | $86,704 |
| Salary range | Between $18,000 And $218,000 | Between $63,000 And $118,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between an advisory board member and a co-owner in terms of educational background:
| Advisory Board Member | Co-Owner | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between advisory board members' and co-owners' demographics:
| Advisory Board Member | Co-Owner | |
| Average age | 52 | 52 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 3.6% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 77.0% American Indian and Alaska Native, 0.6% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 76.8% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |