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The differences between board of directorss member 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 a board of directors member and a co-owner. Additionally, a co-owner has an average salary of $86,704, which is higher than the $69,241 average annual salary of a board of directors member.
The top three skills for a board of directors member include financial statements, non-profit organization and oversight. The most important skills for a co-owner are customer service, financial statements, and business plan.
| Board Of Directors Member | Co-Owner | |
| Yearly salary | $69,241 | $86,704 |
| Hourly rate | $33.29 | $41.68 |
| Growth rate | 6% | 6% |
| Number of jobs | 14,968 | 52,915 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 54% |
| Average age | 52 | 52 |
| Years of experience | - | - |
A board of directors member's role is to represent a particular area or personnel within or outside an organization. They are primarily responsible for attending meetings, understanding concerns and giving a vote, crafting policies that would benefit the company and assets they represent, and then implementing them upon other members' approval. Furthermore, they have the power to make corporate decisions revolving around the workforce and financial matters, all in adherence to a business or organization's vision, mission, and policies.
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.
Board of directorss member and co-owners have different pay scales, as shown below.
| Board Of Directors Member | Co-Owner | |
| Average salary | $69,241 | $86,704 |
| Salary range | Between $31,000 And $150,000 | Between $63,000 And $118,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a board of directors member and a co-owner in terms of educational background:
| Board Of Directors Member | Co-Owner | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between board of directorss member' and co-owners' demographics:
| Board Of Directors Member | Co-Owner | |
| Average age | 52 | 52 |
| Gender ratio | Male, 54.9% Female, 45.1% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% 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% |