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Business co-owner vs business development consultant

The differences between business co-owners and business development consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development consultant has an average salary of $85,153, which is higher than the $82,255 average annual salary of a business co-owner.

The top three skills for a business co-owner include customer service, financial statements and market research. The most important skills for a business development consultant are healthcare, CRM, and cloud.

Business co-owner vs business development consultant overview

Business Co-OwnerBusiness Development Consultant
Yearly salary$82,255$85,153
Hourly rate$39.55$40.94
Growth rate6%6%
Number of jobs99,125168,111
Job satisfaction-5
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 72%
Average age4744
Years of experience6-

Business co-owner vs business development consultant salary

Business co-owners and business development consultants have different pay scales, as shown below.

Business Co-OwnerBusiness Development Consultant
Average salary$82,255$85,153
Salary rangeBetween $65,000 And $103,000Between $52,000 And $137,000
Highest paying City-Minneapolis, MN
Highest paying state-Pennsylvania
Best paying company-Veeva Systems
Best paying industry-Media

Differences between business co-owner and business development consultant education

There are a few differences between a business co-owner and a business development consultant in terms of educational background:

Business Co-OwnerBusiness Development Consultant
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 72%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Business co-owner vs business development consultant demographics

Here are the differences between business co-owners' and business development consultants' demographics:

Business Co-OwnerBusiness Development Consultant
Average age4744
Gender ratioMale, 43.3% Female, 56.7%Male, 64.1% Female, 35.9%
Race ratioBlack or African American, 9.3% Unknown, 5.0% Hispanic or Latino, 15.8% Asian, 6.7% White, 62.6% American Indian and Alaska Native, 0.7%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%
LGBT Percentage8%11%

Differences between business co-owner and business development consultant duties and responsibilities

Business co-owner example responsibilities.

  • Manage the day to day operation/financial operations of Medicare certify home health agency.
  • Procure and train for new POS system.
  • Design a business website and Facebook site to promote and interact with customers.
  • Support weekly and monthly business invoice statements using QuickBooks.
  • Provide full service general remodeling service specializing in custom windows and doors installation.
  • Maintain all record-keeping for inventory integrity, accurate financial reporting to include payroll, invoicing, account collections and tax reporting.
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Business development consultant example responsibilities.

  • Manage and negotiate key vendor relationships including financial transaction processing, product marketing, advertising and collateral fulfillment to maximize ROI.
  • Improve customer retention and customer satisfaction by implementing a CRM system.
  • Work alongside CEO in developing and implementing a sales training program/protocols for new salespeople using a customize CRM
  • Connect business processes through its online payroll solution, integrate human resource information system and cloud computing services.
  • Conduct extensive research to identify healthcare provider clients and physician job candidates.
  • Arrange in-person meetings to referring primary care providers and other community healthcare organizations.
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Business co-owner vs business development consultant skills

Common business co-owner skills
  • Customer Service, 24%
  • Financial Statements, 12%
  • Market Research, 8%
  • Business Plan, 7%
  • Business Operations, 4%
  • Business Management, 4%
Common business development consultant skills
  • Healthcare, 13%
  • CRM, 9%
  • Cloud, 9%
  • Customer Satisfaction, 8%
  • Sales Training, 6%
  • Sales Pipeline, 5%

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