Business co-owner vs co-owner

The differences between business co-owners and co-owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business co-owner, becoming a co-owner takes usually requires More than 10 years. Additionally, a co-owner has an average salary of $86,704, 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 co-owner are customer service, financial statements, and business plan.

Business co-owner vs co-owner overview

	Business Co-Owner	Co-Owner
Yearly salary	$82,255	$86,704
Hourly rate	$39.55	$41.68
Growth rate	6%	6%
Number of jobs	99,125	52,915
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 54%
Average age	47	52
Years of experience	6	-

Business co-owner vs co-owner salary

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

	Business Co-Owner	Co-Owner
Average salary	$82,255	$86,704
Salary range	Between $65,000 And $103,000	Between $63,000 And $118,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between business co-owner and co-owner education

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

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

Business co-owner vs co-owner demographics

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

	Business Co-Owner	Co-Owner
Average age	47	52
Gender ratio	Male, 43.3% Female, 56.7%	Male, 53.2% Female, 46.8%
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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 76.8% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	12%

Differences between business co-owner and co-owner 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.

Co-owner example responsibilities.

Manage inventory, profit and loss analysis, ROI, staff training and health department standards & safety regulations.
Manage budget and financial operations, including payroll and inventory.
Manage the day to day operation/financial operations of Medicare certify home health agency.
Acquire LLC, zone compliance, city business license and all other necessary documentation for a new business.
Complete all paperwork necessary for LLC, business license, insurance requirements, audits and home improvement license.
Photograph, edit (Photoshop) and upload pictures on website for new items or for products with new look.

Business co-owner vs co-owner 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 co-owner skills

Customer Service, 39%
Financial Statements, 13%
Business Plan, 4%
Real Estate, 3%
QuickBooks, 3%
Inventory Control, 3%