Business co-owner vs business manager

The differences between business co-owners and business managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a business co-owner and a business manager. Additionally, a business manager has an average salary of $83,198, 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 manager are customer service, powerpoint, and project management.

Business co-owner vs business manager overview

	Business Co-Owner	Business Manager
Yearly salary	$82,255	$83,198
Hourly rate	$39.55	$40.00
Growth rate	6%	6%
Number of jobs	99,125	377,191
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 65%
Average age	47	44
Years of experience	6	6

Business co-owner vs business manager salary

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

	Business Co-Owner	Business Manager
Average salary	$82,255	$83,198
Salary range	Between $65,000 And $103,000	Between $47,000 And $145,000
Highest paying City	-	Seattle, WA
Highest paying state	-	Washington
Best paying company	-	The Citadel
Best paying industry	-	Technology

Differences between business co-owner and business manager education

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

	Business Co-Owner	Business Manager
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	Western Carolina University	University of Pennsylvania

Business co-owner vs business manager demographics

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

	Business Co-Owner	Business Manager
Average age	47	44
Gender ratio	Male, 43.3% Female, 56.7%	Male, 43.2% Female, 56.8%
Race ratio	Black 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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	10%

Differences between business co-owner and business manager 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.

Business manager example responsibilities.

Coordinate and manage hvac projects from estimate to invoice.
Manage accounting, treasury, and process improvement initiatives to effect financial turnaround of CMRO business unit.
Manage and supervise firm operations on a daily basis including purchases, accounting, scheduling of vendors, attorney and CPA.
Create solutions in the areas of invoicing, AR reporting and payment methods that lead to system improvements and streamline processes.
Manage all human resource activities, operational processes and financial oversight.
Develop internal operating procedures design to achieve efficient clinic operations and maximum service to patients.

Business co-owner vs business manager 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 manager skills

Customer Service, 21%
PowerPoint, 7%
Project Management, 6%
Human Resources, 6%
Payroll Taxes, 5%
Business Plan, 4%