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The differences between business advisors and small business consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $47,982 average annual salary of a small business consultant.
The top three skills for a business advisor include customer service, project management and business operations. The most important skills for a small business consultant are customer service, business clients, and outbound calls.
| Business Advisor | Small Business Consultant | |
| Yearly salary | $96,469 | $47,982 |
| Hourly rate | $46.38 | $23.07 |
| Growth rate | 6% | 11% |
| Number of jobs | 125,154 | 116,476 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | - | 4 |
Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.
A small business consultant specializes in developing and recommending strategies to optimize the daily operations of small businesses. They typically meet with clients to identify their needs and preferences, determine their short and long-term goals, perform market research and analysis to find business or client opportunities, determine the strengths and weaknesses of current processes, and implement solutions against problem areas. They may also conduct risk assessments and help address issues and concerns, resolving them promptly and efficiently. Moreover, a small business consultant must devise a plan to implement the establishment's policies and regulations, suggesting new ones as needed.
Business advisors and small business consultants have different pay scales, as shown below.
| Business Advisor | Small Business Consultant | |
| Average salary | $96,469 | $47,982 |
| Salary range | Between $67,000 And $138,000 | Between $34,000 And $66,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | New Jersey | - |
| Best paying company | Amazon | - |
| Best paying industry | Technology | - |
There are a few differences between a business advisor and a small business consultant in terms of educational background:
| Business Advisor | Small Business Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Northwestern University |
Here are the differences between business advisors' and small business consultants' demographics:
| Business Advisor | Small Business Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.9% Female, 36.1% | Male, 59.0% Female, 41.0% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 8.8% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 9.7% White, 67.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 12% |