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Business co-owner vs business development specialist

The differences between business co-owners and business development specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business co-owner has an average salary of $82,255, which is higher than the $57,410 average annual salary of a business development specialist.

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 specialist are work ethic, CRM, and customer service.

Business co-owner vs business development specialist overview

Business Co-OwnerBusiness Development Specialist
Yearly salary$82,255$57,410
Hourly rate$39.55$27.60
Growth rate6%10%
Number of jobs99,125182,116
Job satisfaction--
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 73%
Average age4744
Years of experience6-

Business co-owner vs business development specialist salary

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

Business Co-OwnerBusiness Development Specialist
Average salary$82,255$57,410
Salary rangeBetween $65,000 And $103,000Between $38,000 And $85,000
Highest paying City-Jersey City, NJ
Highest paying state-Wisconsin
Best paying company-Corsair
Best paying industry-Finance

Differences between business co-owner and business development specialist education

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

Business Co-OwnerBusiness Development Specialist
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Business co-owner vs business development specialist demographics

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

Business Co-OwnerBusiness Development Specialist
Average age4744
Gender ratioMale, 43.3% Female, 56.7%Male, 50.7% Female, 49.3%
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 specialist 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 specialist example responsibilities.

  • Utilize a number of sales tools such as SalesForce to manage pipeline.
  • Develop and manage all SEO, SEM, and all social media platforms and authore all content.
  • Manage and coordinate a successful implementation of a cloud-base ERP system.
  • Manage logistics, control engineering and design, order placement, vendor relationships, customer utilization and technology.
  • Take inbound and make some outbound calls as necessary to assist customers with billing, account information and troubleshoot technical issues.
  • Experience connecting databases in SQL with the software application.
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Business co-owner vs business development specialist 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 specialist skills
  • Work Ethic, 10%
  • CRM, 9%
  • Customer Service, 7%
  • Healthcare, 6%
  • Sales Process, 4%
  • Salesforce, 4%

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