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The differences between business owners and business directors 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 a business director. Additionally, a business director has an average salary of $124,563, 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 a business director are project management, healthcare, and sigma.
| Business Owner | Business Director | |
| Yearly salary | $50,934 | $124,563 |
| Hourly rate | $24.49 | $59.89 |
| Growth rate | 6% | 6% |
| Number of jobs | 107,663 | 137,880 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 69% |
| 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.
Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships.
Business owners and business directors have different pay scales, as shown below.
| Business Owner | Business Director | |
| Average salary | $50,934 | $124,563 |
| Salary range | Between $27,000 And $94,000 | Between $86,000 And $178,000 |
| Highest paying City | Seattle, WA | Providence, RI |
| Highest paying state | Washington | Rhode Island |
| Best paying company | BD | Ep Energy |
| Best paying industry | Retail | Finance |
There are a few differences between a business owner and a business director in terms of educational background:
| Business Owner | Business Director | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business owners' and business directors' demographics:
| Business Owner | Business Director | |
| Average age | 44 | 44 |
| Gender ratio | Male, 51.4% Female, 48.6% | Male, 63.3% Female, 36.7% |
| 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, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 68.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |