Business co-owner vs co-owner/operator

The differences between business co-owners and co-owner/operators 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 co-owner/operator. Additionally, a business co-owner has an average salary of $82,255, which is higher than the $32,256 average annual salary of a co-owner/operator.

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/operator are co-op, patients, and data analysis.

Business co-owner vs co-owner/operator overview

	Business Co-Owner	Co-Owner/Operator
Yearly salary	$82,255	$32,256
Hourly rate	$39.55	$15.51
Growth rate	6%	6%
Number of jobs	99,125	95,615
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 60%
Average age	47	44
Years of experience	6	6

Business co-owner vs co-owner/operator salary

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

	Business Co-Owner	Co-Owner/Operator
Average salary	$82,255	$32,256
Salary range	Between $65,000 And $103,000	Between $21,000 And $49,000
Highest paying City	-	Rahway, NJ
Highest paying state	-	New York
Best paying company	-	BorgWarner
Best paying industry	-	Technology

Differences between business co-owner and co-owner/operator education

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

	Business Co-Owner	Co-Owner/Operator
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 60%
Most common major	Business	Business
Most common college	Western Carolina University	University of Pennsylvania

Business co-owner vs co-owner/operator demographics

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

	Business Co-Owner	Co-Owner/Operator
Average age	47	44
Gender ratio	Male, 43.3% Female, 56.7%	Male, 58.4% Female, 41.6%
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, 15.0% Asian, 6.4% White, 67.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	10%

Differences between business co-owner and co-owner/operator 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/operator example responsibilities.

Manage shipping and warehousing for the entire U.S., as well as A/R & A/P.
Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
Perform renovations and finishing work, roof work, windows, siding and much more.
Developed/Maintain Facebook page for marketing/advertising.
Developed/Maintain Facebook page for marketing/advertising.

Business co-owner vs co-owner/operator 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/operator skills

Co-Op, 35%
Patients, 10%
Data Analysis, 7%
PowerPoint, 6%
Python, 4%
C++, 3%