There is more than meets the eye when it comes to being a business co-owner. For example, did you know that they make an average of $39.55 an hour? That's $82,255 a year! Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.

What Does a Business Co-Owner Do

There are certain skills that many business co-owners have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed management skills, problem-solving skills and time-management skills.

How To Become a Business Co-Owner

If you're interested in becoming a business co-owner, one of the first things to consider is how much education you need. We've determined that 54.4% of business co-owners have a bachelor's degree. In terms of higher education levels, we found that 10.6% of business co-owners have master's degrees. Even though most business co-owners have a college degree, it's possible to become one with only a high school degree or GED.

Business Co-Owner Career Paths

Top Careers Before Business Co-Owner

Average Salary for a Business Co-Owner

Business Co-Owners in America make an average salary of $82,255 per year or $40 per hour. The top 10 percent makes over $103,000 per year, while the bottom 10 percent under $65,000 per year.
Average Business Co-Owner Salary
$82,255 Yearly
$39.55 hourly
$65,000
10 %
$82,000
Median
$103,000
90 %

What Am I Worth?

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Business Co-Owner Education

Business Co-Owner Majors

35.5 %

Business Co-Owner Degrees

Bachelors

54.4 %

Associate

17.1 %

Masters

10.6 %

Top Colleges for Business Co-Owners

1. Western Carolina University

Cullowhee, NC • Private

In-State Tuition
$3,926
Enrollment
9,835

2. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

3. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

4. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529

5. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

6. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

7. Bowling Green State University

Bowling Green, OH • Private

In-State Tuition
$11,105
Enrollment
13,729

8. Georgetown University

Washington, DC • Private

In-State Tuition
$54,104
Enrollment
7,089

9. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

10. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

Top Skills For a Business Co-Owner

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 17.3% of business co-owners listed customer service on their resume, but soft skills such as management skills and problem-solving skills are important as well.

  • Customer Service, 17.3%
  • Company Website, 9.0%
  • Financial Statements, 8.7%
  • Business Development, 7.3%
  • Market Research, 6.0%
  • Other Skills, 51.7%

Business Co-Owner Demographics

Business Co-Owner Gender Distribution

Female
Female
57%
Male
Male
43%

After extensive research and analysis, Zippia's data science team found that:

  • Among business co-owners, 56.7% of them are women, while 43.3% are men.

  • The most common race/ethnicity among business co-owners is White, which makes up 66.8% of all business co-owners.

  • The most common foreign language among business co-owners is Spanish at 39.7%.

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Top Business Co-Owner Employers

Most Common Employers For Business Co-Owner

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Unocal Corporation$114,550$55.072
2Seneca Foods$101,648$48.871
3Homes.com$100,805$48.462
4Bok Tower Gardens$100,769$48.451
5T&G Constructors$95,173$45.762
6Prism Electric$91,410$43.952
7ECC$88,890$42.741
8Frontline$88,165$42.392
9Human Life International$88,028$42.321
10Viridian$84,704$40.721