Congrats! You opened your own business. Now what? Now, you get to sit back, relax and let everyone else do the hard work, right? Wrong. During the beginning stages of a new business it is so important that the boss is around for the day-to-day operations.
Typically, business owners put in well-above the regular 40-hour week. In fact, you might even have to put in 60 hours a week. At least until your business is extremely successful and can continue to survive without you around all the time. It's hard work as a business owner, but at least you get to be the boss.
Speaking of being the boss, don't forget to hire some people so you don't have to boss yourself around. Once your business starts to take off, you'll want to hire employees to help out. You'll find out quickly that you, indeed, cannot be everywhere all at once.
There is more than meets the eye when it comes to being a business owner. For example, did you know that they make an average of $45.94 an hour? That's $95,559 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
There are certain skills that many business owners have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, leadership skills and management skills.
When it comes to the most important skills required to be a business owner, we found that a lot of resumes listed 20.4% of business owners included customer service, while 7.5% of resumes included payroll, and 6.6% of resumes included online. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business owner job title. But what industry to start with? Most business owners actually find jobs in the retail and manufacturing industries.
If you're interested in becoming a business owner, one of the first things to consider is how much education you need. We've determined that 52.2% of business owners have a bachelor's degree. In terms of higher education levels, we found that 8.8% of business owners have master's degrees. Even though most business owners have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a business owner. When we researched the most common majors for a business owner, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on business owner resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a business owner. In fact, many business owner jobs require experience in a role such as customer service representative. Meanwhile, many business owners also have previous career experience in roles such as sales associate or administrative assistant.