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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 | Assistant Business Manager | |
| Yearly salary | $50,934 | $74,300 |
| Hourly rate | $24.49 | $35.72 |
| Growth rate | 6% | 6% |
| Number of jobs | 107,663 | 342,778 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 62% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
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.
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 owners and assistant business managers have different pay scales, as shown below.
| Business Owner | Assistant Business Manager | |
| Average salary | $50,934 | $74,300 |
| Salary range | Between $27,000 And $94,000 | Between $51,000 And $107,000 |
| Highest paying City | Seattle, WA | Bremerton, WA |
| Highest paying state | Washington | New York |
| Best paying company | BD | HSBC Bank |
| Best paying industry | Retail | Retail |
There are a few differences between a business owner and an assistant business manager in terms of educational background:
| Business Owner | Assistant Business Manager | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business owners' and assistant business managers' demographics:
| Business Owner | Assistant Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 51.4% Female, 48.6% | Male, 33.2% Female, 66.8% |
| Race ratio | Black 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 Percentage | 10% | 10% |