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Business owner vs assistant business manager

The differences between business owners and assistant 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 owner and an assistant business manager. Additionally, an assistant business manager has an average salary of $74,300, which is higher than the $50,934 average annual salary of a business owner.

The top three skills for a business owner include customer service, payroll and financial statements. The most important skills for an assistant business manager are customer service, yardi, and market research.

Business owner vs assistant business manager overview

Business OwnerAssistant Business Manager
Yearly salary$50,934$74,300
Hourly rate$24.49$35.72
Growth rate6%6%
Number of jobs107,663342,778
Job satisfaction--
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 62%
Average age4444
Years of experience66

What does a business owner do?

Business owners, also known as Entrepreneurs, are responsible for their company and brand's success. There are many areas of responsibility when you're a business owner, such as in the aspects of planning and budgeting, arranging finances and legal documentation, and even hiring the workforce essential for the business to grow. However, these responsibilities will vary according to how a business owner will uphold them. Moreover, building a business from the ground up requires dedication and a vision and mission for the brand.

What does an assistant business manager do?

Assistant business managers perform the liaising of clients. The managers prepare presentations, maintain calendars, update company records, and write reports. They find solutions to the issues raised by their customers and complete the other tasks given to them. It is their responsibility to oversee the support services of organizations. They supervise office staff and administrative assistants. Also, they set the deadlines for corporate goals other than the budget and work schedules. Skills in leadership, communication, and business management are necessary for this job.

Business owner vs assistant business manager salary

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

Business OwnerAssistant Business Manager
Average salary$50,934$74,300
Salary rangeBetween $27,000 And $94,000Between $51,000 And $107,000
Highest paying CitySeattle, WABremerton, WA
Highest paying stateWashingtonNew York
Best paying companyBDHSBC Bank
Best paying industryRetailRetail

Differences between business owner and assistant business manager education

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

Business OwnerAssistant Business Manager
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Business owner vs assistant business manager demographics

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

Business OwnerAssistant Business Manager
Average age4444
Gender ratioMale, 51.4% Female, 48.6%Male, 33.2% Female, 66.8%
Race ratioBlack or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5%Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between business owner and assistant business manager duties and responsibilities

Business owner example responsibilities.

  • Manage the budget and insure operations run smoothly.
  • Create, own and manage a LLC for grind pet transportation.
  • Establish and manage a beading boutique via the Internet by utilizing Photoshop to post designs on a personal website.
  • Manage sales, customer service, billing, A/P, A/R, vendor relations, negotiations, repairs, and maintenance.
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
  • Handle all aspects from A/P to A/R, payroll, ordering and dealing with all distributors and city officials.
  • Show more

Assistant business manager example responsibilities.

  • Manage advertising commission and payroll.
  • Manage a portfolio of inpatient and outpatient products market to major academic medical centers, community hospitals and nursing homes.
  • Complete billing for all accounts receivable functions for private, insurance, Medicare, Medicaid and other payers as required.
  • Assist clients with faxes, copies, printouts, internet connections & Fedex services.
  • Attend weekly CRM meetings with the digital operations team to track online ad campaign performance.
  • Fulfill customer shipping needs using FedEx systems of packaging or designing custom packaging to fit client needs.
  • Show more

Business owner vs assistant business manager skills

Common business owner skills
  • Customer Service, 31%
  • Payroll, 12%
  • Financial Statements, 9%
  • Business Plan, 7%
  • Business Model, 3%
  • Real Estate, 2%
Common assistant business manager skills
  • Customer Service, 26%
  • Yardi, 15%
  • Market Research, 15%
  • Sales Associates, 12%
  • Resident Functions, 3%
  • Process Payroll, 3%

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